AUSTIN, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq: ASTC) (the “Company” or “Astrotech”) reported its financial results for the first quarter of fiscal year 2025, which ended September 30, 2024. Financial Highlights & Recent Developments  Operating expenses increased $119 thousand or 3.3% as the Company increased its participation in trade events in the U.S. featuring its array of industry-specific solutions offered by its subsidiaries: 1st Detect Corporation (“1st Detect”), AgLa ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number 001-34426 Astrotech Corporation (Exact name of registrant as specified in its charter) | --- | --- | -- ...

AUSTIN, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq: ASTC) (the “Company” or “Astrotech”) reported its financial results for the fiscal year ended June 30, 2024. Financial Highlights & Fiscal Year Developments  Revenue increased to $1.7 million as Astrotech’s subsidiary, 1st Detect, gained traction in the international passenger market with its explosives trace detectors (“ETD”). Gross margin increased to 45% for the year compared to 41% in the prior period, due to a higher propo ...

Revenue Growth - Revenue for the fiscal year 2024 increased to $1.7 million, up from $750,000 in the prior year, representing a growth of approximately 126.67%[1] - Gross margin improved to 45% for the year compared to 41% in the previous period, attributed to a higher proportion of recurring revenue[1] Product Development and Market Opportunities - The TRACER1000 received approval from the U.S. Transportation Security Administration for the Air Cargo Security Technology List, allowing sales to air cargo companies in the U.S.[2] - The TSA had over 6,000 explosives trace detection units at checkpoints, indicating a significant market opportunity for the TRACER 1000[3] - 1st Detect began accepting orders for the TRACER 1000 Narcotics Trace Detector, enhancing its product offerings in various security markets[4] - The AgLAB MVP™ process control system can increase potency yields and revenue by 20% or more, showcasing the effectiveness of the AMS Technology[7] Financial Performance - Astrotech's consolidated balance sheet shows $31.9 million in cash and cash equivalents, supporting research and development and potential acquisitions[7] - Total operating expenses for the fiscal year were $14.03 million, up from $11.37 million in the previous year, reflecting increased investment in R&D and SG&A[13] - The net loss for the fiscal year 2024 was $11.67 million, compared to a net loss of $9.64 million in the prior year, indicating ongoing challenges in profitability[13] - Stockholders' equity decreased to $34.81 million from $44.72 million, primarily due to accumulated deficits and comprehensive losses[16]

Austin, Texas, June 20, 2024 (GLOBE NEWSWIRE) -- Astrotech Corporation (NASDAQ:ASTC) ("Astrotech" or the "Company") and its wholly-owned subsidiary, 1st Detect Corporation, announce that the U.S. Transportation Security Administration ("TSA") has approved the TRACER 1000™ for the Air Cargo Security Technology List ("ACSTL"). This action advances the TRACER 1000 to Stage II testing, whereupon successful completion of field testing will move it to the "Qualified" section on the ACSTL. This approval was awarde ...

AUSTIN, Texas, June 13, 2024 (GLOBE NEWSWIRE) -- AgLAB, Inc., ("AgLAB") a subsidiary of Astrotech Corporation (NASDAQ:ASTC) ("Astrotech", or the "Company"), and SC Labs announced today that the companies will be jointly marketing the AgLAB 1000-D2TM mass spectrometer and the AgLAB Maximum Value Process testing method ("AgLAB MVP"), to SC Labs customers. This comes with the companies entering into a master lease agreement. AgLAB has pioneered applications utilizing the Astrotech Mass Spectrometer Technology  ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 001-34426 Astrotech Corporation (Exact Name of Registrant as Specified in its Charter) Del ...

Exhibit 99.1 ASTROTECH REPORTS THIRD QUARTER OF FISCAL YEAR 2024 FINANCIAL RESULTS Austin, Texas – May 13, 2024 – Astrotech Corporation (Nasdaq: ASTC) (the "Company" or "Astrotech") reported its financial results for the third quarter of fiscal year 2024, which ended March 31, 2024. Financial 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 TRAC ...

Astrotech Announces Listing to the GSA as an Approved United States Government Vendor AUSTIN, Texas, April 08, 2024 (GLOBE NEWSWIRE) -- Astrotech Corporation (NASDAQ:ASTC) ("Astrotech" or the "Company") and its wholly owned subsidiary, 1st Detect Corporation (1st Detect), announce that 1st Detect's TRACER 1000TM is now listed in the U.S. General Services Administration (GSA) IT Schedule 70 under Contract No. GS-35F-250GA with SRI Group LLC, Special Item Number 334290.   IT Schedule 70 is a long-term contra ...

AUSTIN, Texas, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Astrotech Corporation (NASDAQ:ASTC) (the "Company" or "Astrotech") reported its financial results for the second quarter of fiscal year 2024, which ended December 31, 2023. Financial Highlights & Recent Developments  Year-to-date revenue totaled $1,540 thousand compared to $301 thousand in the comparative period in the prior year. This represents an increase of 512%. The growth was predominantly due to the Company successfully delivering on two previously ann ...