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![]() | Astrotech Corporation 5914 W. Courtyard Dr., Suite 340 Austin, Texas 512.485.9530 fax: 512.485.9531 www.astrotechcorp.com |
• | 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 |
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