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Astrotech Corp - ASTC STOCK NEWS

Welcome to our dedicated news page for Astrotech (Ticker: ASTC), a resource for investors and traders seeking the latest updates and insights on Astrotech.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Astrotech's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Astrotech's position in the market.

News
Astrotech Announces Listing to the GSA as an Approved United States Government Vendor
Rhea-AI Summary
Astrotech 's subsidiary, 1st Detect, achieves listing in the U.S. General Services Administration IT Schedule 70, allowing sales to the U.S. federal government. The TRACER 1000 mass spectrometer is now available through GSA Contract No. GS-35F-250GA, offering cost-effective and efficient Explosives and Narcotics Trace Detection capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.02%
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Astrotech to Showcase the Tracer 1000 Trace Detector at ISC West Conference
Rhea-AI Summary
Astrotech (ASTC) and its subsidiary, 1st Detect , will showcase the TRACER 1000 Narcotics and Explosives Trace Detector at ISC West. The TRACER 1000 is a rugged mass-spectrometer powered by Astrotech's AMS Technology, capable of rapid detection of narcotic or explosive compounds. It is used in various markets like airports, border security, military, and law enforcement, with the Tracer 1000 ETD already deployed in 14 countries. The device is user-friendly, compact, and has ECAC certification for checkpoint and cargo security.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
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Astrotech Introduces the “Gold Standard” of Mass Spectrometry into Narcotics Detection Market with its State-of-the-Art Tracer 1000
Rhea-AI Summary
Astrotech , through its subsidiary 1st Detect , introduces the TRACER 1000 Narcotics Trace Detector, expanding its detection library to include narcotics like fentanyl, heroin, and cocaine. The high-performance instrument, utilizing Astrotech Mass Spectrometer Technology, offers rapid detection of trace narcotic compounds in various security sectors worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
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none
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Astrotech Reports Second Quarter Of Fiscal Year 2024 Financial Results
Rhea-AI Summary
Astrotech Corporation (ASTC) reports robust financial results for Q2 FY 2024, showing a 512% revenue increase and a strong balance sheet. The company's gross margin improved to 46%, driven by successful product deliveries and ongoing research and development efforts. Recent developments include reentry into TSA testing and the launch of Pro-Control, focusing on chemical manufacturing applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
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earnings
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Astrotech Announces Exciting New Technology Application and Introduces New Subsidiary
Rhea-AI Summary
Astrotech Corporation (NASDAQ:ASTC) forms Pro-Control, Inc., a subsidiary with an exclusive license to use ATi Mass Spectrometer Technology for chemical manufacturing process control applications. Pro-Control introduces Pro-Control Maximum Value ProcessTM and Pro-Control-1000TM mass spectrometer to improve yields, potency, purity, and weight in chemical manufacturing processes, targeting various chemical markets. CEO/CTO Tom Pickens anticipates over 30% increase in yields, aiming to tap into the global chemical manufacturing and tolling markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.2%
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Astrotech Presents the First Process Control System for Cannabinoid Oil Distillation Systems
Rhea-AI Summary
Astrotech Corporation (ASTC) and its subsidiary AgLAB, Inc. present the AgLAB Maximum Value Process™ (MVPTM) at MJBizCon, unveiling a revolutionary process control system proven to increase revenue by an average of 32%. The MVPTM uses proprietary technology to provide real-time data and feedback, enabling distillers to optimize the quality and quantity of each batch of oil, resulting in higher potencies, better color, and a significant increase in yield. The technology will be showcased at MJBizCon, the leading global hemp and cannabis business conference and tradeshow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.23%
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Astrotech Reports First Quarter of Fiscal Year 2024 Financial Results
Rhea-AI Summary
Astrotech Corporation (Nasdaq: ASTC) reported strong financial results for the first quarter of fiscal year 2024, with $39 million in cash and liquid investments to support research, development, and potential acquisitions. Revenue increased to $425 thousand, driven by ongoing fulfillment of an order for the TRACER 1000™ explosives trace detector to a Romania-based company. Gross margin improved to 43%, and production and sales efforts for the AgLAB 1000-D2™ and 1st Detect's TRACER 1000 are progressing well.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.83%
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earnings
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1ST DETECT SECURES SIGNIFICANT PURCHASE ORDER FOR ADDITIONAL CHECKPOINT SECURITY UNITS
Rhea-AI Summary
Astrotech Corporation (NASDAQ: ASTC) announced that its 1st Detect subsidiary has accepted a significant purchase order for seven TRACER 1000™ explosives trace detectors for an airport security checkpoint in Romania. The TRACER 1000, utilizing Astrotech Mass Spectrometer Technology™, offers near-zero false alarm rates, improving checkpoint efficiency and passenger throughput. This breakthrough technology has received ECAC certification for both checkpoint and cargo security, making it a cost-effective, small, and easy-to-use solution for chemical detection in airport security.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
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Astrotech Reports Fiscal Year 2023 Financial Results
Rhea-AI Summary
Astrotech Corporation reported strong financial results for the fiscal year ended June 30, 2023. The company's consolidated balance sheet shows $42.1 million in cash and cash equivalents, supporting research, development, and potential acquisitions. Gross margin increased to 41% due to higher recurring revenue. 1st Detect subsidiary generated $750 thousand in total revenue and secured an order for 17 Tracer 1000 units. AgLAB subsidiary improved hemp and cannabis distillation yields by an average of 30%. The company regained compliance with the minimum bid price requirement of $1.00 per share for continued listing on Nasdaq.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
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earnings
News
ASTROTECH BOARD UNANIMOUSLY REJECTS UNSOLICITED ACQUISITION PROPOSAL FROM BML INVESTMENT PARTNERS, L.P.
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Astrotech Corp

Nasdaq:ASTC

ASTC Rankings

#5232 Ranked by Market Cap
#3563 Ranked by Stock Gains
N/A Ranked by Dividends

ASTC Stock Data

16.57M
1.20M
11.83%
24.6%
1.02%
Engineering Services
Professional, Scientific, and Technical Services
Link
United States
Austin

About ASTC

for over 110 years, telsmith has designed, manufactured, marketed and serviced a full line of aggregate processing equipment including jaw crushers, cone crushers, impact crushers, screens and feeders. our customers rely on telsmith to provide not only equipment, but a business solution. innovative products, such as modular plant systems, allow customers to maximize processing efficiency, which impacts their bottom line. a bottom line that is more important than ever. telsmith understands that only a working quarry generates revenue, thus why customers can rely on global service and superior parts availability. and since our equipment lasts much longer than the industry average, having parts for that older equipment is critical. please visit telsmith.com to learn more about how we can improve the performance of your quarry or for opportunities to join our team.