Astrotech Q3 FY2024: Cash $34.7M, YTD revenue $1.6M from TRACER 1000 sales

ASTROTECH Corp

Cash and liquid investments $34.7M as of March 31, 2024; no debt mentioned.
YTD revenue $1.6M, primarily from TRACER 1000 ETD sales, maintenance, and consumables.
Gross margin improved to 45% from 37% YoY due to design improvements and higher sales price.
New subsidiary Pro-Control formed for chemical process control; PRO-CONTROL-1000 mass spectrometer launched.
TRACER 1000 listed on GSA IT Schedule 70; TRACER 1000 NTD (narcotics detector) accepting orders.

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 0.95

ASTROTECH Corp reported third quarter of fiscal year 2024, which ended March 31, 2024 results: revenue $1.6 million.

Period: third quarter of fiscal year 2024, which ended March 31, 2024
Revenue: $1.6 million
Result: reported results

Exact text from the filing

Highlights & Recent Developments ● Astrotech’s consolidated balance sheet remains strong with $34.7 million in cash and liquid investments. ● Year-to-date revenue totaled $1.6 million and was generated by sales of TRACER 1000TM explosive trace detector (ETD), as well as recurring maintenance services and sales of consumables for the TRACER 1000. The increase

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Source: SEC EDGAR

accession 0001437749-24-016278

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