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Gross profit was $339 thousand for the year ended June 30, 2016, compared to $89 thousand for the year ended June 30, 2015.
Loss from operations was $13.8 million for the year ended June 30, 2016, compared to $16.1 million for the year ended June 30, 2015, reflecting reduced SG&A, partially offset by increased R&D.
Cash and investments at June 30, 2016 were $25.7 million. In February 2016, the Company received 100% of the $6.1 million indemnity holdback related to the sale of Astrotech Space Operations to a wholly-owned subsidiary of Lockheed Martin Corporation in August 2014.
Astrotech Corporation had no debt at June 30, 2016.
Advancing Aviation Security with Smiths Detection Inc.
Won a contract with Smiths Detection to develop next generation ETD systems for the Department of Homeland Security Science and Technology Directorate (DHS S&T) using 1st Detect’s breakthrough chemical analyzer technology. The ETD technology development phase is expected to last through
The following information was filed by Astrotech Corp (ASTC) on Monday, September 26, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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