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AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, designs, manufactures, distributes, and services a broad range of products that acquire, store, analyze, and present data in multiple formats. Established in 1969, AstroNova has evolved into a key player in the industries it serves, offering innovative solutions across two core segments: Product Identification (PI) and Test & Measurement (T&M).
Product Identification (PI): This segment offers a comprehensive range of digital, end-to-end product marking and identification solutions. These include hardware, software, and supplies for OEMs, commercial printers, and brand owners. Notable brands within this segment include QuickLabel, which specializes in onsite digital color label printing, and TrojanLabel. The recent acquisition of MTEX NS has expanded AstroNova’s capabilities in packaging, textiles, and industrial printing solutions.
Test & Measurement (T&M): The T&M segment focuses on data acquisition, aerospace products, and networking hardware. AstroNova designs and manufactures flight deck printers, networking hardware, and related accessories serving the aerospace and defense industries. Their advanced airborne technology solutions are used in the cockpit, cabin, and beyond. The segment also includes data acquisition systems for research and development, flight testing, missile and rocket telemetry production monitoring, power, and maintenance applications.
Strategies and Achievements: AstroNova continues to adapt and expand its product offerings through strategic acquisitions and innovations. The company’s focus on operational excellence is evident in its fiscal performance. For instance, in the fourth quarter of fiscal 2023, AstroNova reported revenues of $39.9 million, a significant increase fueled by gains in both PI and T&M segments. The company also completed a strategic realignment designed to streamline operations and enhance profitability.
Financial Performance: As of the latest reports, AstroNova has made notable financial strides. For the first quarter of fiscal 2025, the company reported revenues of $33.0 million and a net income of $1.2 million. The adjusted EBITDA was $2.5 million, reflecting the company’s strong operational performance despite some challenges with supplier shortages and order push-outs.
Future Outlook: Looking ahead, AstroNova aims to achieve mid-single-digit organic revenue growth and adjusted EBITDA margins of 13% to 14% for fiscal year 2025. The company is well-positioned to capitalize on growth opportunities in both the PI and T&M segments, particularly with the integration of MTEX NS and the ongoing transition to the ToughWriter-branded aerospace printers.
AstroNova is a member of the Russell Microcap® Index and the LD Micro Index (INDEXNYSEGIS: LDMICRO). For more information, visit https://astronovainc.com/.
AstroNova (NASDAQ: ALOT) reported its fiscal 2025 Q2 results, showing revenue growth of 14.1% year-over-year to $40.5 million. The company saw improvements in both its Product Identification (PI) and Test & Measurement (T&M) segments. Gross margin increased to 35.3%, up 800 basis points from the previous year. However, the company reported a net loss of $(0.04) per share, compared to $(0.22) in Q2 FY2024. Non-GAAP diluted EPS was $0.08.
The company's recent acquisition of MTEX NS is still in the integration phase, contributing $0.8 million in revenue but an operating loss of $1.4 million. AstroNova expects MTEX to meet its target revenue contribution of $8-10 million for FY2025. The company has revised its FY2025 Adjusted EBITDA margin estimate to 9-10% due to the MTEX integration.
AstroNova, Inc. (Nasdaq: ALOT), a global leader in data visualization technologies, will report its second-quarter fiscal 2025 financial results on Monday, September 16, 2024, before the Nasdaq opens. The company will host a conference call at 9:30 a.m. ET, led by CEO Greg Woods and CFO Tom DeByle. Investors can access the call by dialing (833) 470-1428 (U.S. and Canada) or (404) 975-4839 (International) with access code 381674. A live and archived webcast will be available on the company's investor relations website.
AstroNova specializes in product identification and test and measurement solutions, serving various industries including aerospace, OEMs, commercial printers, and brand owners. The company is part of the Russell Microcap® Index and the LD Micro Index.
AstroNova, Inc. (Nasdaq: ALOT), a global leader in data visualization technologies, has announced its participation in two upcoming investor conferences. Gregory A. Woods, the company's President and CEO, will present at the Sidoti August Virtual Micro Cap Conference on August 14 at 11:30 a.m. ET and the 15th Annual Midwest IDEAS Conference on August 28 at 4:30 p.m. ET.
Woods and Thomas DeByle, AstroNova's new VP, CFO, and Treasurer, will host one-on-one meetings with investors at these events. Interested parties can access live webcasts and archived replays of the presentations through the 'Events & Presentations' section of AstroNova's investor relations website at investors.astronovainc.com.
AstroNova (Nasdaq: ALOT) announced the appointment of Thomas DeByle as the new Chief Financial Officer, replacing the retiring David S. Smith. DeByle, noted for his financial strategy and international expansion expertise, brings over 25 years of senior leadership experience from companies like NN, Standex International, and Plastic Industries. CEO Greg Woods emphasized DeByle's ability to enhance growth following the recent MTEX acquisition. Smith, who served over six years, significantly contributed to AstroNova's operational improvement and will now pursue part-time advisory roles. DeByle holds an MBA from Marquette University and a BBA in Accounting from St. Norbert College.
AstroNova (Nasdaq: ALOT) reported its fiscal 2025 first quarter results, highlighting $33.0 million in revenue, $1.3 million in operating income, and $1.2 million in net income, with earnings per diluted share at $0.15 and adjusted EBITDA at $2.5 million. The company faced supplier shortages and order delays but expects these issues to be resolved in the current fiscal year. The transition to newer ToughWriter printers is progressing, anticipated to lower costs and improve efficiency. A $4.5 million order push-out impacted the Product Identification segment. The recent MTEX NS acquisition bolsters AstroNova's position in the color digital printing market. The company forecasts mid-single-digit organic revenue growth and adjusted EBITDA margins of 13%-14% for the full fiscal year 2025.
Financial highlights include a 7% YoY decrease in revenue and a 3% drop in gross profit. However, net income rose 39% to $1.2 million. Segment results show a decline in hardware revenue but an increase in service revenue. Backlog reduced to $31.6 million from $38.7 million YoY. Operating profit margins improved in the Product Identification segment but declined in the Test & Measurement segment. An earnings conference call is scheduled for discussion.
AstroNova (Nasdaq: ALOT), a leader in data visualization technologies, has unveiled new sustainable printing technologies at Drupa 2024. This exhibition, held from May 28 to June 7 in Dusseldorf, Germany, features their recent acquisition, MTEX NS. Acquired on May 6, 2024, MTEX NS enhances AstroNova's offerings in packaging, labels, textiles, and industrial applications. Key products showcased include AQUAFLEX, TrojanLabel T2-PRO, ATOM 3, MULTI 800, and FLEXPACK. These innovations emphasize AstroNova's dedication to driving value and addressing industry needs. The company expects commercial shipments of the TrojanLabel T2-PRO starting in September 2024.
AstroNova (Nasdaq: ALOT), a global leader in data visualization technologies, will announce its first-quarter fiscal 2025 financial results on June 6, 2024. The results will be released before the Nasdaq market opens. A conference call will be held at 9:00 a.m. ET, hosted by President and CEO Greg Woods, along with CFO David Smith. To join the call, dial (833) 470-1428 (U.S. & Canada) or (404) 975-4839 (International) and use access code 832846. A live and archived webcast will be available on the AstroNova website. AstroNova specializes in digital product marking and identification solutions and aerospace-grade data acquisition systems. The company is part of the Russell Microcap® Index and the LD Micro Index.
AstroNova, a global leader in data visualization technologies, has acquired MTEX NS, a Portugal-based leader in label, packaging, and direct-to-film printing solutions, for a total enterprise value of €24.3 million. The transaction includes an earnout of up to €4 million based on revenue growth targets. AstroNova expects the acquisition to add $8-10 million in revenue this fiscal year. The purchase expands AstroNova's Product Identification segment, broadens its customer base, and enhances sustainable packaging capabilities.
AstroNova, Inc. (Nasdaq: ALOT) will be presenting at the Sidoti Virtual Micro Cap Conference with Gregory A. Woods, President and CEO, leading the presentation. The event is scheduled for Wednesday, May 8, 2024, at 10:45 a.m. ET. Investors can access the live webcast and archived replay on the AstroNova investor relations website.
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