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Astrotech Corp. (ASTC) Narrows Q4 Loss to 7c/Share; Issues Update

September 28, 2012 7:02 AM
Astrotech Corp. (NASDAQ: ASTC) reported Q4 EPS of ($0.07), versus ($0.10) reported last year. Revenue for the quarter came in at $7.61 million, versus $4.48 million reported last year.

The Company's 18-month rolling backlog, which includes contractual backlog, scheduled but uncommitted missions, and the design and fabrication of GSE, was $32.3 million at June 30, 2012. The majority of the backlog at ASO consists of pre-launch satellite processing services, which include hardware launch preparation, advance planning, use of unique satellite preparation facilities and spacecraft checkout, encapsulation, fueling, and transport and design and fabrication of equipment and hardware for space launch activities at our Titusville, Florida and Vandenberg Air Force Base locations.

Our Spacetech business unit introduced the MMS-1000™ to market in March 2012, the first commercial product offering of the miniature mass spectrometer initially designed for the sophisticated laboratory professional. The MMS-1000™ is a compact, high performance instrument capable of rapid MS/MS detection of trace levels of volatile compounds in less than five seconds. The MMS-1000™ provides a versatile platform that can be used in various applications in the security and industrial markets.

For earnings history and earnings-related data on Astrotech Corp. (ASTC) click here.

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