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Astrotech Corp. Message Board

  • virtualwin_2000 virtualwin_2000 Feb 16, 2013 4:31 PM Flag

    Astrotech iFeb. 14, 2013 News CFO Kirkpatrick says Astrotech looking good

    AUSTIN, Texas, Feb. 14, 2013 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq:ASTC), a leading provider of commercial aerospace services, today announced financial results for its fiscal year 2013 second quarter ended December 31, 2012.

    "ASO, our core business unit, performed well during the second quarter of fiscal year 2013. We supported the successful launch of one mission and our Vandenberg and Florida facilities were awarded separate Infinite-Delivery/ Indefinite Quantity' ("IDIQ") task order contracts for future commercial payload processing services. ASO's 18-month mission backlog remains stable at $25.3 million," said Carlisle Kirkpatrick, Chief Financial Officer of Astrotech.

    "Additionally, our 1st Detect business unit is achieving notable progress. We are seeing growing interest among equipment manufacturers who want to integrate our instrument into their product line. I am pleased with both our product development and commercial progress at 1st Detect," noted Mr. Kirkpatrick. "During the second quarter 1st Detect delivered two instruments, one to NASA/JSC and one to a development partner. We have a team of very talented and dedicated individuals who remain focused on meeting our customer commitments."
    Astrotech is one of the first space commerce companies and remains a strong entrepreneurial force in the aerospace industry. We are leaders in identifying, developing and marketing space technology for commercial use. Our ASO business unit serves our government and commercial satellite and spacecraft customers with pre-launch services on the eastern and western range. 1st Detect Corporation is developing what we believe is a breakthrough miniature mass spectrometer, while Astrogenetix, Inc. is a biotechnology company utilizing microgravity as a research platform for drug discovery and development.

    Sentiment: Buy

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ASTC
2.50+0.06(+2.46%)Dec 17 4:00 PMEST

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