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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) will report its fiscal fourth-quarter and full-year 2022 financial results on April 14, 2022. A conference call is scheduled for 9:00 a.m. ET, hosted by CEO Greg Woods and CFO David Smith. Investors can access the call by dialing the provided numbers or listening via the AstroNova website. The company specializes in data visualization technologies, providing products for data acquisition, storage, analysis, and presentation. AstroNova is part of the Russell Microcap Index and focuses on customer-centered solutions in product identification and aerospace sectors.
AstroNova, Inc. (NASDAQ: ALOT) announced that Gregory A. Woods, President and CEO, will present at the 24th Annual Needham Virtual Growth Conference on January 14, 2022, at 3:30 p.m. ET. Investors can schedule one-on-one meetings via email. The live presentation will be available on AstroNova’s investor relations site, with a replay accessible for 90 days. Founded in 1969, AstroNova specializes in data visualization technologies, offering a range of products for data acquisition, analysis, and presentation.
AstroNova (NASDAQ: ALOT) reported its fiscal Q3 2022 results, highlighting a 35% year-over-year increase in Test & Measurement revenue. Total revenue reached $28.9 million, a 3% YoY growth, driven largely by a 16% increase in bookings to $32.3 million. However, the company faced a GAAP net loss of $0.4 million, or $0.06 per share, primarily due to an ERP system write-off. Adjusted EBITDA, excluding this cost, was $1.1 million (3.8% of revenue). Management anticipates continued growth in Q4 FY 2022 based on strong demand and expanding backlog.
AstroNova, Inc. (NASDAQ: ALOT) announced that its CEO, Gregory A. Woods, will present at the Sidoti December Virtual Micro Cap Conference. The presentation is scheduled for 10:00 a.m. ET on December 9, 2021, and will be accessible via a live webcast on AstroNova’s investor relations site. A replay will be available for 90 days. AstroNova, a leader in data visualization technologies since 1969, specializes in products that analyze and present data across various formats, catering to diverse industries including aerospace and defense.
AstroNova, Inc. (NASDAQ: ALOT) will announce its fiscal Q3 2022 financial results on December 8, 2021, before the Nasdaq opening. A conference call is scheduled for 9:00 a.m. ET, led by CEO Greg Woods and CFO David Smith. Participants can join via specific dial-in numbers and access a replay until December 15, 2021. AstroNova specializes in data visualization technologies and provides a wide array of products, including printing solutions for the aerospace sector. The company is part of the Russell Microcap and LD Micro Index.
AstroNova, Inc. (NASDAQ: ALOT) has announced that CEO Gregory A. Woods will present at two key investor conferences in November 2021. The first is the 13th Annual Southwest IDEAS Investor Conference on November 17, 2021, at 3:00 p.m. CT, with a live webcast available online. The second event is the Ladenburg Virtual Technology Expo on November 18, 2021, at 4:30 p.m. ET, which also requires registration for viewing. Archived replays of both presentations will be available for 90 days on the company's investor relations website.
AstroNova (NASDAQ: ALOT) reported robust financial results for Q2 FY 2022, with bookings of $30.6 million, an 18% year-over-year increase. Revenue rose 8% to $29.8 million, driven by strong performance in the Test & Measurement and Product Identification segments. GAAP net income reached $7.0 million, or $0.96 per diluted share, benefiting from $6.0 million in CARES Act support. The company anticipates ongoing growth, despite challenges from supply chain disruptions and COVID-19. Backlog stood at $24.3 million.
AstroNova, Inc. (NASDAQ: ALOT) will report its fiscal second-quarter 2022 financial results on September 14, 2021, before the Nasdaq opens. A conference call will be held at 9:00 a.m. ET, featuring CEO Greg Woods and CFO David Smith. To participate, call (800) 437-2398 for the U.S. or (929) 477-0577 internationally, with a confirmation code of 1881865. An audio webcast will be available through the company's investors' page. AstroNova specializes in data visualization technologies, with offerings in product identification and aerospace solutions.
AstroNova, Inc. (NASDAQ: ALOT) has achieved Tier 1 supplier status with Airbus for the A320 Family of aircraft, allowing direct supply of its flight deck printers. This milestone reinforces AstroNova's commitment to high-quality standards in engineering, manufacturing, and support. Previously, the company supplied these printers through third parties since 2017, following an exclusive license with Honeywell. AstroNova is also recognized by leading airframe manufacturers including Boeing and Lockheed, showcasing its strong position in aerospace technology.
AstroNova (NASDAQ: ALOT) has received certification from the Civil Aviation Administration of China (CAAC) for its West Warwick, R.I. repair station to conduct maintenance, repair, and overhaul services on flight deck printers for Chinese-registered aircraft. This certification enhances AstroNova's position in the global aerospace MRO market. Additionally, the company launched AstroNova Singapore Pte. Ltd. to strengthen its presence in the Asia-Pacific region, which is projected to be the largest aviation market in the next 20 years.
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