Astrotech Q1 FY2024 revenue $425K, gross margin 43%, cash $39M; new TRACER 1000 order

ASTROTECH Corp

Revenue $425K vs $38K YoY; gross margin improved to 43% from 16%.
Cash and liquid investments at $39M to support R&D, growth, and M&A.
New purchase order for 7 TRACER 1000 ETDs from Romania-based company; deliveries over coming months.
TSA cargo detection testing ongoing; approval would open U.S. airport market.
AgLAB customer demos show Maximum Value Process can increase yields by ~30% on average.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

ASTROTECH Corp reported first quarter of fiscal year 2024, which ended September 30, 2023 results: revenue $425 thousand.

Period: first quarter of fiscal year 2024, which ended September 30, 2023
Revenue: $425 thousand
Result: reported results

Exact text from the filing

cash and liquid investments, which are anticipated to support our research and development, organic growth, and potential acquisition targets. ● Revenue for the quarter totaled $425 thousand compared to $38 thousand in the first quarter of the prior year due primarily to ongoing fulfillment of the previously announced 17-unit order for the TRACER 1000TM explosives

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ASTROTECH Corp filing history →

Source: SEC EDGAR

accession 0001437749-23-031656

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