Astrotech (NASDAQ:ASTC)

Astrotech Corp recently filed its 2009 Third Quarter Report. Recall that the  GeoTeam® commented on the company's 2009 Third quarter press release on May 13 2009.  We were hoping that the SEC quarterly filing would give some insight into whether the quarter's performance was a one time event or a repeatable situation, as the company has had a sporadic EPS history. Part of the company's revenues are derived from contract work related to Space Shuttle launches. According to the 10Q the company had an increase of $6.7 million due to seven shuttle missions being processed vs. two last year.  Unfortunately, not much more future insight into this issue was provided.  The GeoTeam® will have more information if warranted, but it appears that this quarter may not be the norm.  The fourth quarter will offer more insight.

The GeoTeam® is taking a closer look at Astrotech Corp. ($1.47) due to an impressive third quarter report released earlier today. This looks like the company's first profitable quarter in several years, so we are not sure if this is a one time event or if it will be recurring.   The GeoTeam® will have more information if warranted.   Established a small position, but caution is needed.