ASTC•Astrotech reported fiscal first-quarter revenue of $274,000 and a net loss of $2.95 million, which narrowed from the prior year. Operating expenses fell nearly 16% to $3.14 million.
Astrotech’s fiscal first-quarter revenue declined year over year to $274,000, while its net loss narrowed to $2.95 million. Loss per share was $1.46, and gross profit was $102,000. Operating expenses fell nearly 16% to $3.14 million, driven by lower research and development costs.
The company said its TRACER 1000 was deployed in 38 locations across 17 countries. Astrotech is awaiting NASA’s decision on a LEIA funding proposal, which could accelerate its lunar initiatives.
