Welcome to our dedicated page for Astrotech news (Ticker: ASTC), a resource for investors and traders seeking the latest updates and insights on Astrotech stock.
Astrotech Corp (ASTC) delivers cutting-edge solutions in chemical analysis and mass spectrometry through its 1st Detect and AgLAB divisions. This news hub provides investors and industry professionals with timely updates on technological advancements, strategic partnerships, and operational developments shaping security, agriculture, and analytical instrumentation markets.
Access official press releases, earnings reports, and market analyses in one centralized location. Track updates on trace detection systems for security applications, mass spectrometry innovations for agricultural optimization, and cross-industry collaborations driving ASTC's growth.
Our curated news collection covers:
- Product launch announcements
- Financial performance updates
- Research & development milestones
- Strategic partnership disclosures
- Industry recognition and patents
Bookmark this page for streamlined monitoring of ASTC's progress in commercializing scientific innovations. Verify timestamps on all materials and consult original SEC filings for complete disclosure details.
Astrotech (Nasdaq: ASTC) announced its Q3 fiscal year 2024 results, ending March 31, 2024. The company reported $34.7 million in cash and liquid investments. Year-to-date revenue reached $1.6 million, driven by sales of the TRACER 1000™ explosive trace detector (ETD) and related maintenance services and consumables. Gross margin improved to 45%, up from 37% the previous year, due to design enhancements and higher sales prices.
1st Detect, a subsidiary, is now accepting orders for the TRACER 1000 Narcotics Trace Detector (NTD). Additionally, the TRACER 1000 is listed under the U.S. General Services Administration (GSA) IT Schedule 70, enabling easier procurement by federal agencies. The company also launched Pro-Control, Inc. to leverage ATI Mass Spectrometer Technology for chemical manufacturing process control.
Astrotech showcased its products at ISC West in Las Vegas. CEO Thomas B. Pickens, III highlighted the expansion of product lines and sales efforts into FY 2025.
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