Astrotech Corporation (ASTC) News
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ASTC News Highlights
- For ASTC, its 30 day story count is now at 2.
- Over the past 14 days, the trend for ASTC's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
- IBN, ATI and DEC are the most mentioned tickers in articles about ASTC.
Latest ASTC News From Around the Web
Below are the latest news stories about ASTROTECH CORP that investors may wish to consider to help them evaluate ASTC as an investment opportunity.
Astrotech Announces Exciting New Technology Application and Introduces New SubsidiaryAstrotech Corporation Announces Chemical Process Control SystemAUSTIN, Texas, Dec. 12, 2023 (GLOBE NEWSWIRE) -- - via IBN - Astrotech Corporation (NASDAQ:ASTC) ("Astrotech" or the "Company") announces formation of a wholly owned subsidiary Pro-Control, Inc. (“Pro-Control”) and has entered into an exclusive license to use the ATi Mass Spectrometer Technology for chemical manufacturing process control applications. Pro-Control is announcing the introduction of its proprietary Pro-Control Maximum V |
Astrotech Presents the First Process Control System for Cannabinoid Oil Distillation SystemsAstrotech’s proven AgLAB Maximum Value Process™ delivers 32% average increase in revenueAUSTIN, Texas, Nov. 27, 2023 (GLOBE NEWSWIRE) -- via IBN - Astrotech Corporation (NASDAQ: ASTC) ("Astrotech" or the "Company") and its wholly owned subsidiary, AgLAB, Inc., announce the presentation of the AgLAB Maximum Value ProcessTM (“MVPTM”) at MJBizCon. This process is a revolutionary process control system proven to increase the potency of ending-weight yields and increase revenue by an average of 32%. |
Astrotech Reports First Quarter of Fiscal Year 2024 Financial ResultsAUSTIN, Texas, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq: ASTC) (the “Company” or “Astrotech”) reported its financial results for the first quarter of fiscal year 2024, which ended September 30, 2023. Financial Highlights & Recent Developments Astrotech’s consolidated balance sheet remains strong with $39 million in cash and liquid investments, which are anticipated to support our research and development, organic growth, and potential acquisition targets.Revenue for the qu |
1ST DETECT SECURES SIGNIFICANT PURCHASE ORDER FOR ADDITIONAL CHECKPOINT SECURITY UNITSAUSTIN, Texas, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Astrotech Corporation (NASDAQ: ASTC) announced today that its 1st Detect subsidiary has accepted another significant purchase order for seven of its TRACER 1000™ explosives trace detectors (ETDs), for an airport security checkpoint. The systems will be deployed in a European airport in Romania. “We’re excited to begin Fiscal Year 2024 with increased sales and interest in the TRACER 1000 from the security checkpoint field. Based on the near-zero fa |
LogicMark Expands its Board of Directors by Naming Carine Schneider and Tom Wilkinson as Company’s Innovative Product Pipeline Continues to Grow (Updated with Additional Details)Carine Schneider, FGE Member of LogicMark Board of Directors Tom Wilkinson Member of LogicMark Board of Directors LOUISVILLE, Ky., Oct. 31, 2023 (GLOBE NEWSWIRE) -- LogicMark, Inc. (Nasdaq: LGMK) (the “Company”), creator of the most innovative personal safety and security technology designed for the care economy, today announced that Carine Schneider, FGE, and Tom Wilkinson will join as the newest members of its Board of Directors. Ms. Schneider and Mr. Wilkinson both bring decades of corporate |
Astrotech Reports Fiscal Year 2023 Financial ResultsAUSTIN, Texas, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq: ASTC) (the “Company” or “Astrotech”) reported its financial results for the fiscal year ended June 30, 2023. Financial Highlights & Fiscal Year Developments Astrotech’s consolidated balance sheet remains strong with $42.1 million in cash and cash equivalents and liquid investments which is anticipated to support our research and development, organic growth, and potential acquisition targets. Gross margin increased t |
We Think Astrotech (NASDAQ:ASTC) Can Afford To Drive Business GrowthEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the... |
ASTROTECH BOARD UNANIMOUSLY REJECTS UNSOLICITED ACQUISITION PROPOSAL FROM BML INVESTMENT PARTNERS, L.P.Determines Proposal is Opportunistic, Significantly Undervalues the Company, Does Not Reflect the Company’s True Intrinsic Value or Prospects and is Not in the Best Interests of StockholdersAUSTIN, Texas, June 30, 2023 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq: ASTC) (the “Company” or “Astrotech”) today announced that its Board of Directors (the “Board”) has unanimously rejected the unsolicited acquisition proposal from BML Investment Partners, L.P. (“BML”), received on June 26, 2023, to |
ASTROTECH CONFIRMS RECEIPT OF UNSOLICTED NON-BINDING ACQUISITION PROPOSALAUSTIN, Texas, June 27, 2023 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq: ASTC) (the “Company” or “Astrotech”) announced today that it has received an unsolicited, non-binding proposal from BML Investment Partners, L.P. (“BML”) to acquire all of the outstanding shares of common stock of the Company for cash consideration of $17.25 per share. The non-binding proposal states that BML holds 13% of the Company’s outstanding shares. The non-binding proposal is not subject to a financing conditi |
Astrotech Reports Third Quarter of Fiscal Year 2023 Financial ResultsAUSTIN, Texas, May 11, 2023 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq: ASTC) (the “Company” or “Astrotech”) reported its financial results for its third quarter of fiscal year 2023, which ended March 31, 2023. Financial Highlights & Recent Developments Astrotech’s consolidated balance sheet remains strong with $44.1 million in cash and liquid investments.Year-to-date revenue totaled $336 thousand and was generated by sales of TRACER 1000™ explosive trace detector (ETD), as well as recurr |