---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-031656"
form_type: "8-K"
ticker: "ASTC"
cik: "0001001907"
company_name: "ASTROTECH Corp"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T04:32:44.725656+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-031656
- form_type: 8-K
- ticker: ASTC
- cik: 0001001907
- company_name: ASTROTECH Corp
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001907/000143774923031656/0001437749-23-031656-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001907/000143774923031656/astc20231108_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-031656
- JSON: https://secwatch.observer/filing/0001437749-23-031656.json
- Plain text: https://secwatch.observer/filing/0001437749-23-031656.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001907/000143774923031656/0001437749-23-031656-index.htm

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