---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-027021"
form_type: "8-K"
ticker: "ASTC"
cik: "0001001907"
company_name: "ASTROTECH Corp"
filed_at: "2023-09-28T23:59:59+00:00"
generated_at: "2026-06-10T07:20:07.803628+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001437749-23-027021
- form_type: 8-K
- ticker: ASTC
- cik: 0001001907
- company_name: ASTROTECH Corp
- filed_at: 2023-09-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001907/000143774923027021/0001437749-23-027021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001907/000143774923027021/astc20230927_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-027021
- JSON: https://secwatch.observer/filing/0001437749-23-027021.json
- Plain text: https://secwatch.observer/filing/0001437749-23-027021.txt

## Key facts
- Earnings Releases
  ASTROTECH Corp reported financial results for fiscal year ended June 30, 2023.
  - Period: fiscal year ended June 30, 2023
  - Result: reported results
  source text: Astrotech Corporation issued a press release announcing its results of operations for its fiscal year ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001907/000143774923027021/0001437749-23-027021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.