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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, Inc. (Nasdaq: ALOT) reported strong results for the fourth quarter and full year ended January 31, 2023. Fourth-quarter bookings reached $36.3 million, with revenue of $39.9 million—a 34% year-over-year increase. Net income for the quarter was $1.4 million or $0.18 per diluted share. For the full year, the company achieved $142.5 million in revenue and net income of $2.7 million or $0.36 per diluted share, although this was a decline from the previous year. Both segments showed growth, especially Test & Measurement, which saw 61% revenue growth driven by aerospace products. The backlog stood at $35.8 million as of year-end.
AstroNova, Inc. (Nasdaq: ALOT) is set to release its fourth-quarter and full-year fiscal 2023 financial results on Thursday, March 23, 2023, before the Nasdaq opens. A conference call will follow at 9:00 a.m. ET, hosted by CEO Greg Woods and CFO David Smith. Investors can join the call by dialing (844) 200-6205 for U.S. and Canada attendees or (929) 526-1599 for international participants, using access code 729026. AstroNova specializes in data visualization technologies and serves various sectors, including aerospace, with products for printing solutions and data acquisition systems.
AstroNova (Nasdaq: ALOT) reported a record revenue of $39.4 million for Q3 FY2023, marking a 36.6% increase year-over-year, driven by the acquisition of Astro Machine and growth in its base business. GAAP operating income rose to $1.3 million, and GAAP EPS improved to $0.04. The company saw significant growth in both the Product Identification (up 36.3%) and Test & Measurement (up 37.5%) segments. Despite ongoing inflation and supply chain challenges, AstroNova maintained a healthy backlog of $39.3 million, up 46.6% compared to last year.
AstroNova, Inc. (Nasdaq: ALOT) announced that President and CEO Gregory A. Woods will present at the Sidoti December Small-Cap Virtual Conference on December 7, 2022, at 10:45 a.m. ET. The company will also conduct one-on-one meetings during the event. A live webcast of the presentation and related materials will be accessible at AstroNova's investor site, with a replay available for 90 days post-event. AstroNova specializes in data visualization technologies and offers a range of products for diverse applications since its inception in 1969.
AstroNova, Inc. (Nasdaq: ALOT) will report its third-quarter fiscal 2023 results on December 7, 2022, before the Nasdaq opens.
The conference call, hosted by CEO Greg Woods and CFO David Smith, starts at 9:00 a.m. ET. Interested parties can access the call by dialing (844) 200-6205 for U.S. and Canada or (929) 526-1599 for international callers, using access code 816175. An audio webcast will also be available on the AstroNova investors' website.
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