Astrotech Q2 FY2024 YTD revenue $1.54M, up 512% YoY; cash $37M

ASTROTECH Corp

YTD revenue $1.54M, up 512% from $301K in prior year period.
Gross margin improved to 46% from 38% YoY; cash and liquid investments $37M.
1st Detect reentered TSA cargo detection testing for TRACER 1000 ETD; approval would enable U.S. cargo sales.
Launched Pro-Control subsidiary Dec 12, 2023 for chemical manufacturing process control applications.
CEO highlights ECAC-approved mass spectrometer ETD for checkpoint market; reduced false alarms vs. IMS.

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 second quarter of fiscal year 2024, which ended December 31, 2023.

Period: second quarter of fiscal year 2024, which ended December 31, 2023
Result: reported results

Exact text from the filing

On February 12, 2024, Astrotech Corporation (the “Company”) issued a press release announcing its results of operations for its second quarter of fiscal year 2024, which ended December 31, 2023.

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Source: SEC EDGAR

accession 0001437749-24-003765

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