Revenue Update on Astrotech Corp(NASDAQ:ASTC)

Astrotech Corp(NASDAQ:ASTC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Sep 26, 2016. Earnings per share were $-0.17.

Astrotech Corp (ASTC) made into the market gainers list on Thursdays trading session with the shares advancing 0.57% or 0.01 points. Due to strong positive momentum, the stock ended at $1.75, which is also near the day’s high of $1.87. The stock began the session at $1.87 and the volume stood at 30,206 shares. The 52-week high of the shares is $3.15 and the 52 week low is $1.05. The company has a current market capitalization of $36 M and it has 2,06,47,278 shares in outstanding.

Astrotech Corporation is a technology company designed to commercialize space-industry technologies. The Company operates a business unit Spacetech and is focused on working with customers and development partners to satisfy application specific chemical detection objectives using its mass spectrometry technology; extending its intellectual property portfolio by enhancing and refining its mass spectrometry technology; enabling film restoration enhancement and digitization using an automated process that revives the original color and removes dust scratches and defects from film to restore it to its original condition; Facilitating the shift from 2K resolution to ultra-high definition (UHD) high dynamic range (HDR) 4K resolution and developing vaccines using the environment of microgravity. Spacetech is a technology incubator which is pursuing three distinct opportunities: 1st Detect Astrogenetix and Astral Images.

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