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0 0 0.0173697270471465 -0.00744416873449138 -0.00744416873449138 0.0328163771712159 0.0328163771712159 0.0328163771712159
Stock impact report

Astrotech Reports Fiscal Year 2024 Financial Results

Astrotech Corporation (ASTC) 
US:NASDAQ Investor Relations: astrotechcorp.com/#!for-investors/c22sj
Company Research Source: GlobeNewswire
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 proportion of recurring revenue.The U.S. Transportation Security Administration (“TSA”) approved the TRACER?1000 for the Air Cargo Security Technology List, which permits air cargo companies in the United States to use our equipment in their operations. This action advances the TRACER 1000 to Stage II testing and allows us to sell the TRACER?1000 to air cargo companies in the United States. In Stage II testing, the Company will begin field trials with the TSA.?If field trials are Show less Read more
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