Astrotech reports FY 2023 revenue of $750k; gross margin rises to 41%

ASTROTECH Corp

Cash and liquid investments total $42.1M to fund R&D, growth, and M&A.
Gross margin improved to 41% from 22% prior year on higher recurring revenue.
1st Detect subsidiary received order for 17 Tracer 1000 units to Romanian security firm.
Bob McFarland appointed to Board; Thomas Pickens named CTO.
AgLAB field trials improved hemp/cannabis distillation yields by avg 30%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASTROTECH Corp reported financial results for fiscal year ended June 30, 2023.

Period: fiscal year ended June 30, 2023
Result: reported results

Exact text from the filing

Astrotech Corporation issued a press release announcing its results of operations for its fiscal year ended June 30, 2023.

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ASTROTECH Corp filing history →

Source: SEC EDGAR

accession 0001437749-23-027021

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