Astrotech (ASTC) Q4 FY2013 Exceptional Performance, Backlog Remains

Astrotech Corp. (Nasdaq:ASTC)

Shares of ASTC jumped 44.94% to $0.9701 on Tuesday's trading session after the company reported its Q4 and FY2013 financial results.

On its fourth quarter fiscal year 2013, ASTC posted net income of $2.2 million, or $0.11 per diluted share on revenue of $9.2 million compared with a net loss of $1.3 million, or $(0.07) per diluted share on revenue of $7.6 million in the same period the prior year.

ASTC posted fiscal year 2013 net loss of $0.2 million, or $(0.01) per diluted share on revenue of $24.0 million compared with fiscal year 2012 net loss of $2.7 million, or $(0.15) per diluted share on revenue of $26.1 million.

ASTC 's EBITDA income for the quarter ended June 30, 2013 was $2.6 million and $1.6 million for the year ended June 30, 2013

ASTC 's 18-month rolling backlog, which includes contractual backlog, scheduled but uncommitted missions, and the design and fabrication of GSE, is $25.5 million at June 30, 2013. The 18-month rolling backlog for Astrotech Space Operations consists of pre-launch satellite processing services, which include hardware launch preparation, advance planning, use of unique satellite preparation facilities and spacecraft checkout, encapsulation, fueling and transport, and design and fabrication of equipment and hardware for space launch activities at its Titusville, Florida and VAFB locations.

ASTC is one of the first space commerce companies and remains a strong entrepreneurial force in the aerospace industry. ASTC is leader in identifying, developing and marketing space technology for commercial use.

More about Astrotech Corp. (Nasdaq:ASTC) at www.astrotechcorp.com

********************************

Full Disclaimer at www.pennyomega.com/disclaimer