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Stock impact report

Astrotech Reports Third Quarter of Fiscal Year 2024 Financial Results [Yahoo! Finance]

Astrotech Corporation (ASTC) 
US:NASDAQ Investor Relations: astrotechcorp.com/#!for-investors/c22sj
Company Research Source: Yahoo! Finance
Financial Highlights & Recent Developments Astrotech's consolidated balance sheet remains strong with $34.7 million in cash and liquid investments. Year-to-date revenue totaled $1.6 million and was generated by sales of TRACER 1000™ explosive trace detector (ETD), as well as recurring maintenance services and sales of consumables for the TRACER 1000. The increase in revenue from the prior fiscal year is primarily the result of new unit sales of the TRACER 1000, fulfilling both of the previously announced purchase orders received. Year-to-date gross margin increased to 45% from 37% through the third quarter of fiscal year 2024, compared to the same period of fiscal year 2023. The increase was due to the design improvements resulting in less warranty expense and a comparative increase in sales price. Our 1 st Detect subsidiary recently announced that it is currently accepting orders for the TRACER 1000 Narcotics Trace Detector (NTD). The TRACER 1000 NTD is a high-performance la Show less Read more
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