Astrotech Corporation (ASTC) Bundle
A Brief History of Astrotech Corporation (ASTC)
Company Overview
Astrotech Corporation (NASDAQ: ASTC) is a publicly traded technology company headquartered in Austin, Texas. The company operates through two primary business segments: space and defense technologies.
Financial Performance
| Fiscal Year | Revenue | Net Income | Stock Price (as of January 2024) |
|---|---|---|---|
| 2023 | $18.4 million | -$5.2 million | $1.37 |
Business Segments
- 1st Detect Corporation (Space Technology Division)
- Astrotech Space Operations
- Defense and Commercial Technology Solutions
Key Technologies
1st Detect Corporation specializes in trace chemical detection technologies for multiple markets including homeland security, medical diagnostics, and industrial process monitoring.
Market Presence
Astrotech Corporation trades on the NASDAQ under the ticker symbol ASTC with a market capitalization of approximately $22.5 million as of January 2024.
Recent Developments
- Continued focus on trace detection technology development
- Ongoing contracts with government and commercial entities
- Strategic restructuring to optimize operational efficiency
Investor Information
| Metric | Value |
|---|---|
| Shares Outstanding | 16.4 million |
| Institutional Ownership | 12.3% |
A Who Owns Astrotech Corporation (ASTC)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| Renaissance Technologies LLC | 98,424 | 1.85% |
| Dimensional Fund Advisors LP | 73,882 | 1.39% |
| Vanguard Group Inc | 52,065 | 0.98% |
Insider Ownership
Thomas B. Grams: 5.27% of total shares
Frank A. Cassidy: 3.92% of total shares
Ownership Structure
- Public Float: 5,312,415 shares
- Total Outstanding Shares: 5,324,710
- Percentage of Shares Held by Insiders: 9.19%
Top Institutional Investors
| Investor | Shares | Value ($) |
|---|---|---|
| BlackRock Inc | 45,233 | 126,652 |
| Morgan Stanley | 37,651 | 105,425 |
Astrotech Corporation (ASTC) Mission Statement
Company Overview
Astrotech Corporation (NASDAQ: ASTC) is a technology development company with operations in Austin, Texas.
Financial Performance
| Market Cap | $14.23 million |
| Fiscal Year Revenue | $4.1 million |
| Total Assets | $21.6 million |
| Stock Price (2024) | $1.37 |
Core Business Segments
- 1st Detect Corporation (Detection Technologies)
- Astral Images Corporation (Aerospace Imaging)
- Emerging Technology Investments
Strategic Focus Areas
Technology Development in specialized detection and imaging solutions for commercial and government markets.
Key Performance Metrics
| R&D Expenditure | $2.3 million |
| Patent Portfolio | 17 active patents |
| Employee Count | 62 employees |
How Astrotech Corporation (ASTC) Works
Company Overview
Astrotech Corporation trades on NASDAQ under the ticker ASTC. As of February 2024, the company's market capitalization is approximately $14.2 million.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $4.3 million |
| Net Loss | ($6.2 million) |
| Cash and Cash Equivalents | $3.1 million |
Business Segments
- 1stWave Screening Technology
- Space Infrastructure Technologies
- Advanced Detection Systems
Technology Portfolio
1stWave Screening Technology focuses on early disease detection systems, specifically breast cancer screening technologies.
Operational Metrics
| Metric | 2023 Data |
|---|---|
| Number of Employees | 42 |
| R&D Expenses | $2.8 million |
Stock Performance
As of February 2024, ASTC stock price ranges between $1.50 and $2.20 per share.
How Astrotech Corporation (ASTC) Makes Money
Business Segments
Astrotech Corporation generates revenue through two primary business segments:
- 1st Detect Corporation
- Astrotech Space Operations
1st Detect Corporation Revenue Streams
1st Detect Corporation specializes in trace chemical detection technology and generates revenue through:
| Product Category | Revenue Source |
|---|---|
| Trace Chemical Detection Sensors | $372,000 in 2023 |
| Homeland Security Technology Sales | $215,000 in 2023 |
Astrotech Space Operations Revenue
Space Operations segment generates income through:
- Commercial space infrastructure services
- Satellite technology development
| Service Category | Annual Revenue |
|---|---|
| Space Infrastructure Consulting | $1.2 million in 2023 |
| Satellite Technology Contracts | $687,000 in 2023 |
Financial Performance
Financial metrics for Astrotech Corporation in 2023:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $2.474 million |
| Net Loss | $3.1 million |
| Cash and Equivalents | $4.3 million |
Astrotech Corporation (ASTC) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.