earnings
confidence high
sentiment neutral
materiality 0.60
Astrotech reports FY2024 revenue $1.7M; cash $31.9M; TSA advances TRACER 1000
ASTROTECH Corp
- Revenue $1.7M for FY2024; gross margin improved to 45% from 41% on recurring revenue.
- TSA approved TRACER 1000 for air cargo list; Stage II field trials underway with TSL.
- Formed wholly-owned subsidiary Pro-Control for industrial process control using AMS Technology.
- AgLAB and SC Labs entered master lease for joint marketing of AgLAB 1000-D2 mass spectrometer.
- Cash, cash equivalents, and investments total $31.9M to fund R&D, growth, and acquisitions.