Astrotech reports YTD revenue $336K, cash $44.1M; secures 17-unit TRACER 1000 order

ASTROTECH Corp

Year-to-date (through March 31, 2023) revenue $336K from TRACER 1000 sales and services.
Gross margin improved to 37% from 22%, up 68% YoY, driven by higher-margin maintenance and consumables.
Cash and liquid investments $44.1M; reverse stock split completed to regain Nasdaq minimum bid compliance.
Received 17-unit TRACER 1000 order, largest single order, expanding to 14 countries in Europe and Asia.
AgLAB field trials improved cannabis/hemp oil yields by an average 30% using proprietary MVP method.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASTROTECH Corp reported third quarter of fiscal year 2023, which ended March 31, 2023 results: revenue $336 thousand.

Period: third quarter of fiscal year 2023, which ended March 31, 2023
Revenue: $336 thousand
Result: reported results

Exact text from the filing

Highlights & Recent Developments ● Astrotech’s consolidated balance sheet remains strong with $44.1 million in cash and liquid investments. ● Year-to-date revenue totaled $336 thousand and was generated by sales of TRACER 1000TM explosive trace detector (ETD), as well as recurring maintenance services and sales of consumables for the TRACER 1000. The decrease

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Source: SEC EDGAR

accession 0001437749-23-013807

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