I am not telling you to speculate or not make investments on this inventory, simply figured I’d share my ideas. All the time do your individual DD in your investments. I want to hear any suggestions or ideas from others on ASTC.

Any DD on AstroTech and you’ll shortly uncover the chance versus the reward is probably the most stable place to place your portfolio if you wish to decrease your threat however have a excessive likelihood of being in on a inventory earlier than it takes off.

Due Diligence:

Low Cap Inventory $35.9 mil. The businesses valuation is within the 10s of thousands and thousands. Final ER confirmed they’d $22.three mil in money they usually simply did one other direct providing of three,245,977 shares for $37.three million. In 2019, the yearly Operational Bills have been the have been roughly $10 mil. Means this firm is strolling round with an estimated ~60 mil in money; 6x the annual OPEX on the finish of 2019. Together with $zero debt.

After the providing at $1.50 the inventory worth went from $2.60 to $1.18. A number of instances on this previous 12 months has the inventory attain $5+. Largely from PR pumps, however the firms tech is unquestionably shifting in the correct route relatively shortly.

ASTC has signed previous authorities contracts and this inventory has a number of traces of tech which might be reaching the ultimate levels. With the kind of tech which have giant authorities contracts written throughout it. Myself having an honest concept of how companies function from the within and the current information that has been launched it appears to me some large strikes that require giant quantities of uncooked money (manufacturing on a large scale) are already in place for this firm.

Issues we all know:

April 12th – Closed providing of three,245,977 shares for $37.three million at $1.50.

https://www.astrotechcorp.com/2021-04-12-press-release

April seventh – Shifting BreatheTest-100 into QA for Covid-19 and different illnesses. With the core mass spectrometry expertise of the BreathTest-1000 being largely full, as soon as the pattern introduction {hardware} and detection algorithms are developed, check, and validated, the BreathTest-1000 and knowledge bundle might be submitted to the US Meals & Drug Administration with a request for an emergency use authorization (EUA). If  the EUA is granted, following receipt of the EUA, the BreathTest-1000 can start the method to be supplied commercially.

https://www.astrotechcorp.com/2021-04-07-press-release

March 30th – Entered into an settlement with Sanmina Company to fabricate its mass spectrometry merchandise. Sanmina is a number one built-in manufacturing options supplier for the Electronics Manufacturing Companies (EMS) market. As a part of the connection, Sanmina will manufacture 1st Detect’s TRACER 1000™.  They’ve additionally agreed to fabricate AgLAB’s BreathTech’s BreathTest-1000™ as soon as these merchandise are formally launched.  

https://www.astrotechcorp.com/2021-30-03-press-release

For those who discover something is inaccurate on this put up please DM me and I’ll replace ASAP.

Pronews
Author: Pronews