- Astrotech Corp ASTC reported FY21 revenue of $0.334 million, a decrease of 31.6% year-over-year.
- Loss from operations reduced to $(7.91) million, compared to $(8.11) million a year ago.
- EPS improved to $(0.35) from $(1.31) in FY20. The gross margin increased by 280 bps to 10.8%.
- The company had raised a total of $74.3 million in gross proceeds from equity offerings.
- In August, the company received the first purchase order for the TRACER-1000 to be deployed at an airport security checkpoint.
- Astrotech held cash and cash equivalents of $63.2 million as of June 30, 2021.
- The company plans to ramp sales of mass spectrometry instrumentation and explore other strategic opportunities to accelerate growth.
- Price Action: ASTC shares are trading lower by 4.72% at $1.01 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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