Seems this company's issue is generating revenue. They are a leader in the industry, but the industry is too small.
Why should I believe they will be able to generate enough to not go under? There doesn't seem to be much talk in the news about satellite launch plans.
Satellite launches for years to come ...
What other company can you see the actual business for many years ahead ?
It appears based on that list that there were ~20 launches in 2010 and that about 25 are projected next year and the following year.
This company hasn't been able to stay profitable at this level of launches per year.
What is the game plan?
Yes, but it seems that most of them are international. Aren't most of ASTC customers US government or US customers?
Have they done any business with India which plans to launch 30 in the next decade?
"Astrotech Space Operations (ASO) has been a global satellite processing leader for more than twenty five years with 275 successful spacecraft missions to date."
That's 12 missions a year average which is a profitable level, the problem has only been this year with a less than average number due to NASA transition and SeaLaunch being dormant. Both these regular customers return in quantity next year as will the profits. Also the ASO business has been supporting the new business adventures which has made the recent quarters look worse than they actually are, hopefully next year they can start supporting themselves and start adding to the bottom line rather than weighing it down. The other thing is that asset depreciation and stock option expenses made the GAAP losses look worse than they were, only a million dollars of cash has been lost this year so far over 3 quarters which is noise when the company has $12m net cash.
Thanks. I did read that post already.
It's a tough business to get my head around.
I'm also concerned about the amount of additional capex will be required to upkeep their facilities.
Will continue to monitor the company. Will let you know if I take the plunge. I would like to get below 1.1.
There is indeed a hardcore group of shareholders on this board.
I began in 2007. Ups and downs...yet over-all the company has made me money.
My last big buy, however, was at the wrong entry point and thus I am now lowering my average price adding at current price levels.
I cannot say I am happy with the past 12months. But I am still around and continue holding onto about 50k shares.
Of course, this is nothing compared to Marsavian who invested in this company before the moon landing ;-) j/k