ASTROTECH CORPORATION

(ASTC)
Delayed Nasdaq  -  05/20 04:00:01 pm EDT
0.5042 USD   -6.58%
05/13ASTROTECH CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)
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ASTROTECH CORP : Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing (form 8-K)

12/23/2021 | 12:01pm EDT

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On December 21, 2021, Astrotech Corporation (the "Company") received a deficiency letter from the Nasdaq Listing Qualifications Department of the Nasdaq Stock Market LLC ("NASDAQ") notifying the Company of its failure to maintain compliance with the $1.00 per share of common stock minimum closing bid price requirement over the preceding 30 consecutive business days as required by Marketplace Rule 5550(a)(2). The letter stated that the Company has 180 calendar days, or until June 20, 2022, to regain compliance. If at any time during this 180-day period the closing bid price of the Company's common stock is at least $1.00 per share for a minimum of ten consecutive business days, the Company's compliance will be regained.

In the event the Company does not regain compliance in that period, it may be eligible to apply for an additional 180 calendar days to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The NASDAQ Capital Market, with the exception of the bid price requirement. The Company will also need to provide written notice of its intention to cure the deficiency during the second compliance period. However, if it appears to the NASDAQ staff that the Company will neither be able nor otherwise eligible to cure the deficiency, it may be subject to delisting by NASDAQ.

The Company has not yet determined what action, if any, it will take in response to this letter, although the Company intends to monitor the closing bid price of its common stock between now and June 19, 2022, and to consider available options if its common stock does not trade at a level likely to result in the Company regaining compliance with The NASDAQ Capital Market minimum closing bid price requirement.

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05/13ASTROTECH CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS..
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05/12Earnings Flash (ASTC) ASTROTECH CORPORATION Reports Q3 Revenue $97,000
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Financials (USD)
Sales 2021 0,33 M - -
Net income 2021 -7,60 M - -
Net cash 2021 60,5 M - -
P/E ratio 2021 -3,85x
Yield 2021 -
Capitalization 25,5 M 25,5 M -
EV / Sales 2020 45,6x
EV / Sales 2021 16,0x
Nbr of Employees 12
Free-Float 88,0%
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Thomas Boone Pickens Chairman & Chief Executive Officer
Jaime Hinojosa Chief Financial Officer, Secretary & Treasurer
Daniel T. Russler Independent Director
Thomas Wiley Wilkinson Lead Independent Director
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