{"id":86306,"date":"2010-09-01T01:16:35","date_gmt":"2010-08-31T17:16:35","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/astrotech-ends-2010-with-1-6-million-net-loss-strong-backlog\/"},"modified":"2010-09-01T01:16:35","modified_gmt":"2010-08-31T17:16:35","slug":"astrotech-ends-2010-with-1-6-million-net-loss-strong-backlog","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/astrotech-ends-2010-with-1-6-million-net-loss-strong-backlog\/","title":{"rendered":"Astrotech Ends 2010 With $1.6 Million Net Loss, Strong Backlog"},"content":{"rendered":"<p>[08-31-10] Commercial space services provider <strong>Astrotech Corp.<\/strong> posted a fourth quarter fiscal year 2010 net loss of $1.6 million and decreased revenues, which impacted the company\u2019s full-year 2010 results, the company announced Aug. 30. <br \/>\n&nbsp;&nbsp;&nbsp; Astrotech, which reported $2.6 million in net income and revenues of $10.4 million in the fourth quarter of 2009, saw quarterly revenues decline to $5.5 million. The company\u2019s fourth quarter losses dropped Astrotech\u2019s net income for the fiscal year to $300,000 on revenues of $28 million, compared to net income of $4.7 million and revenues of $32 million for the prior fiscal year.<br \/>\n&nbsp;&nbsp;&nbsp; Astrotech CEO Thomas Pickens said the company has been developing new programs and supporting 12 missions for customers from Cape Canaveral, Fla. and the X-37B Orbital Test Vehicle from Vandenberg Air Force Base, Calif.<br \/>\n&nbsp;&nbsp;&nbsp; Despite losses, the company\u2019s 18-month rolling backlog at the end of June was $24.9 million, with a majority comprised of pre-launch satellite processing services. Astrotech\u2019s working capital was $2.6 million, including $8.1 million in cash and $5.7 million of accounts receivable. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>[08-31-10] Commercial space services provider Astrotech Corp. posted a fourth quarter fiscal year 2010 net loss of $1.6 million and decreased revenues, which impacted the company\u2019s full-year 2010 results, the company announced Aug. 30. &nbsp;&nbsp;&nbsp; Astrotech, which reported $2.6 million in net income and revenues of $10.4 million in the fourth quarter of 2009, saw [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-86306","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86306"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=86306"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/86306\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=86306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=86306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=86306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}