[Satellite TODAY 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’s full-year 2010 results, the company announced Aug. 30.
    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’s fourth quarter losses dropped Astrotech’s 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.
    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.
    Despite losses, the company’s 18-month rolling backlog at the end of June was $24.9 million, with a majority comprised of pre-launch satellite processing services. Astrotech’s working capital was $2.6 million, including $8.1 million in cash and $5.7 million of accounts receivable.