Astrotech Q3 FY2025 revenue $534K (vs $50K); cash drops to $20.9M

ASTROTECH Corp

Q3 revenue $534K, up 968% from $50K in prior-year quarter, driven by TRACER 1000 shipments and government grant.
Cash, cash equivalents and liquid investments $20.9M, down from $31.9M at June 30, 2024 (cash burn ~$11M).
Received $429K purchase order from TSA contractor Intuitive Research; fulfilled and recognized in Q3.
Created new subsidiary EN-SCAN for environmental testing instruments using proprietary mass spec technology.
Awarded DHS R&D contract (70RSAT24CB0000015) to mature TRACER 1000 for next-gen explosives trace detection.

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