Business Context and Reporting Period
Company: ASTROTECH Corp
Filing Type: Form 8-K (Current Report)
Date of Report: May 5, 2011 (Event Date)
Reporting Period: Specific event disclosure dated May 11, 2011
This filing reports a material contract award to Astrotech Space Operations, a subsidiary of the registrant, involving the U.S. government.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue totals, profit margins, cash flow, debt levels, or liquidity ratios for the reporting period. The only specific financial metric disclosed is the value of a new contract.
- New Contract Value: $16.2 million
- Contract Type: Firm fixed-price
- Scope: Fabrication, installation, and testing of Ground Support Equipment (GSE)
Material Changes
The primary material change is the execution of a $16.2 million contract on May 5, 2011. This represents a new revenue stream with fabrication commencing immediately. No comparative financial data or prior period changes are included in this specific 8-K filing.
Guidance, Outlook, and Management Commentary
Outlook: Delivery of the GSE is targeted for the first quarter of fiscal year 2013.
Management Commentary: The filing includes a press release (Exhibit 99.1) announcing the contract but contains no additional forward-looking guidance, risk factors, or contingencies beyond the contract terms described in Item 8.01.
Investor Verification Checklist
- Verify the impact of the $16.2 million contract on the company's backlog and future revenue recognition schedules.
- Confirm the specific terms and potential penalties associated with the "firm fixed-price" structure.
- Review the attached press release (Exhibit 99.1) for additional details on the U.S. government customer and project scope.
- Check subsequent filings for updates on the delivery timeline targeted for Q1 FY2013.