Astrotech Q4 2024 Earnings Report

Astrotech EPS Results

• Actual EPS: -$1.78
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Astrotech Revenue Results

• Actual Revenue: $0.07 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Astrotech Announcement Details

• Quarter: Q4 2024
• Date: 9/19/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Astrotech (NASDAQ:ASTC) Corp. (NASDAQ: ASTC) is a technology commercialization company headquartered near Austin, Texas. The firm sources early-stage innovations from government and university research programs—most notably from NASA—and advances them toward commercial readiness. Astrotech’s core mission is to bridge the gap between federally funded R&D and industrial applications across the life sciences and renewable energy sectors.

In its life sciences division, Astrotech has focused on mass spectrometry-based analytical instruments and diagnostic platforms. A key milestone was the spin-out of 908 Devices in 2020, a subsidiary that developed portable mass spectrometers for field detection of chemicals and bio-agents. Building on that foundation, Astrotech continues to pursue point-of-care screening technologies for environmental monitoring, food safety and clinical diagnostics.

Through Astrotech Solar and other affiliates, the company is also active in renewable energy commercialization. This segment concentrates on high-efficiency photovoltaic materials and manufacturing processes originally developed in partnership with academic and federal laboratories. By licensing proprietary cell architectures and overseeing pilot-scale production, Astrotech aims to reduce costs and accelerate adoption of clean-energy solutions in global markets.

Founded in 1984 as AIT International, Astrotech has evolved via strategic acquisitions and spin-offs to maintain a diversified technology portfolio. The company collaborates with public-sector agencies, research institutions and industry partners to advance its product pipeline. Astrotech’s leadership brings expertise in engineering, regulatory affairs and business development to guide the firm’s long-term growth and commercialization efforts.