AstroNova Inc (ALOT)

AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027June 8, 2026 6:30 AM
Business Wire Revenue increased $1.7 million to $39.4 million driven by Aerospace sales growth of 16.3% Consolidated operating profit grew to $1.6 million and operating margin expanded 250 bps to 4.0% Net income increased $1.0 million year-over-year to $0.7 million, or $0.08 per diluted share, compared with prior-year loss; Adjusted EBITDA increased 31.0% to $4.1 million Total orders in the quarter were up 32.6% to $46.3 million for a book-to-bill ratio of 118% Total debt of $35.9 million was reduced by $8.8 million compared with the first quarter of fiscal 2026 and $1.7 million compared with the fourth quarter of fiscal 2026; net debt of $31.2 million was down $2.3 million in the quarter compared with the fourth quarter of fiscal 2026 AstroNova, Inc. (Nasdaq: ALOT), a leading innovator in specialized print technology solutions, today announced financial results for its fiscal 2027 first quarter ended April 30, 2026. Jorik Ittmann, President and Chief Executive Officer of AstroNova, stated, “We had a solid start to fiscal 2027, with revenue increasing over 4% while operating profit grew over 170%. Our ToughWriter® branded flight deck printer is now the predominant product sold by our Aerospace segment. As a result, we had higher volume combined with improved pricing which drove profitability for that segment. In addition, our Product ID progress continues to strengthen its sales, marketing and operations with upgraded talent and an ever more sophisticated, customer-centric approach to the business. We are encouraged by our momentum and remain confident in the outlook for a strong year.” First Quarter Fiscal 2027 Overview1 (comparisons are to the prior-year period unless noted otherwise) Three Months Ended April 30,
2026 April 30,
2025 $ Variance % Variance Revenue $ 39,364   $ 37,708   $ 1,656 4.4 % Gross Profit $ 14,425   $ 11,951   $ 2,474 20.7 % Gross Profit Margin   36.6 %   31.7 % Non-GAAP Gross Profit $ 14,552   $ 12,352   $ 2,200 17.8 % Non-GAAP Adjusted Gross Profit Margin   36.9 %   32.8 % Operating Income (Loss) $ 1,562   $ 571   $ 991 173.7 % Operating Margin   4.0 %   1.5 % Non-GAAP Operating Income $ 2,589   $ 1,527   $ 1,062 69.5 % Non-GAAP Operating Income Margin   6.6 %   4.0 % Net Income (Loss) $ 653   $ (376 ) $ 1,029 (273.5 )% Non-GAAP Net Income (Loss) $ 1,443   $ 354   $ 1,089 307.8 % Adjusted EBITDA $ 4,122   $ 3,148   $ 974 30.9 % Adjusted EBITDA Margin   10.5 %   8.3 % ____________________________________ 1 Non-GAAP gross profit, Non-GAAP gross profit margin, Non-GAAP operating income, Non-GAAP operating income margin, Non-GAAP net income, adjusted EBITDA and adjusted EBITDA margin are Non-GAAP financial measures. Refer to the reconciliation of GAAP to non-GAAP measures in the tables that accompany this news release. Compared with the prior-year period, revenue increased $1.7 million, or 4.4%, driven by Aerospace segment growth that was marginally offset by a slight decline in Product ID revenue. Tariff mitigation contributed $0.7 million in revenue and foreign currency translation was a $0.6 million benefit to revenue in the quarter. Gross profit increased $2.5 million, or 20.7%, and gross margin expanded 490 basis points to 36.6% primarily reflecting higher Aerospace volume and favorable mix. On an adjusted basis, excluding restructuring charges of $0.4 million and a $0.3 million net inventory reserve reversal, gross margin expanded 410 basis points from the prior-year to 36.9%. Operating expenses in the quarter of $12.9 million included $0.7 million of non-recurring legal and professional fees. Higher gross profit combined with cost containment initiatives resulted in operating income increasing $1.0 million to $1.6 million in the quarter while operating margin expanded 250 basis points. Excluding non-recurring items, non-GAAP operating income increased 69.5% to $2.6 million compared with the prior-year period. Interest expense of $0.7 million decreased $0.2 million from the prior-year period, reflecting lower outstanding debt. Net income grew to $0.7 million, or $0.08 per diluted share, compared with a net loss in the prior-year period. Non-GAAP net income increased to $1.4 million, or $0.19 per share, as a result of the improved performance in the quarter. Adjusted EBITDA was $4.1 million and Adjusted EBITDA margin was 10.5%. Aerospace Segment Review Aerospace segment revenue grew $1.9 million, or 16.3%, to $13.3 million compared with the prior year. Growth was driven by higher hardware volume and favorable product mix as commercial OEM production rates continued to increase. Aerospace hardware revenue grew 37.9% to $9.0 million year-over-year reflecting continued conversion to the ToughWriter® platform. Aerospace segment operating profit increased $1.9 million, or 96%, to $3.9 million driven by improved volume and pricing. Non-GAAP segment operating income was $3.4 million, or 25.6% of revenue, compared with $2.2 million in the prior-year period. Orders in the quarter for the Aerospace segment increased 125.1% to $19.5 million for a book-to-bill ratio of 147% reflecting strong demand from OEMs for new build aircraft. Backlog at the end of the first quarter was $18.2 million, an increase of $6.2 million from the end of fiscal 2026 and more than double the $7.4 million at the end of the prior-year period. Product Identification (Product ID) Segment Review Product ID revenue was $26.1 million for the first quarter of fiscal 2027, down 0.8%, or $0.2 million, compared with the prior year. Hardware revenue increased modestly on new customer acquisition while recurring revenue was down $0.2 million. Recurring revenue represented approximately 82% of total segment sales. The year-over-year decline in direct-to-package revenue reflects the planned migration from legacy Trojan-platform products to MTEX-based solutions that the Company expects to begin to ramp in the second quarter of fiscal 2027. Product ID segment operating income was $0.6 million, double over the prior-year period, reflecting improving productivity, better cost control and favorable aftermarket mix. Non-GAAP segment operating income was $1.3 million, or 4.8% of revenue, compared with $1.0 million in the prior-year period. Orders in the quarter for the Product ID segment increased $0.5 million, or 2.1%, to $26.8 million compared with the prior-year period. The book-to-bill ratio for the segment was 103% and backlog at the end of the first quarter was $14.2 million. Balance Sheet and Cash Flow Cash from operations in the first quarter of fiscal 2027 was $3.0 million compared with $4.4 million in the prior year period as stronger cash earnings were offset by higher working capital requirements due to timing of receivables from customers and inventory requirements to support growth. Capital expenditures in the quarter were $36 thousand compared with $60 thousand in the prior year. Cash at the end of the first quarter of fiscal 2027 was $4.7 million compared with $4.1 million at the end of fiscal 2026. Net debt as of April 30, 2026, was $31.2 million, a reduction of $2.3 million, or 6.9%, compared with the end of the fourth quarter of fiscal 2026. Earnings Conference Call Information AstroNova will host a conference call and webcast at 8:15 a.m. ET on Monday, June 8, 2026, to review financial and operating results for the first quarter of fiscal 2027. A question and answer session will follow. To access the conference call, please dial (201) 689-8560 or find the webcast and accompanying slide presentation at https://investors.astronovainc.com/investors/events-and-presentations/default.aspx. A telephonic replay will be available from 12:00 p.m. ET on the day of the call through Monday, June 22, 2026. To listen to the archived call, dial (412) 317-6671 and enter a replay PIN 13760545. The webcast replay will be available on the Investor Relations section of the Company’s website where a transcript will be posted once available. About AstroNova, Inc. AstroNova (Nasdaq: ALOT) is a global provider of printing technologies serving regulated and industrial markets. The Company designs, manufactures, distributes, and services solutions that enable customers to identify, track, and communicate essential product and safety information across a wide range of applications and media. AstroNova supports customers by enabling safety, accuracy and durability for flight deck communications, medical device and healthcare products, essential chemical products, and mission-critical industrial components, while ensuring compliance with local and regional regulatory requirements. The Product Identification segment delivers end-to-end marking and identification solutions, including hardware, software, and consumables for OEMs, commercial printers, and brand owners. These solutions are used across labels, flexible packaging, corrugated, and industrial substrates, where durability, traceability, and compliance are essential. The Aerospace segment is a global leader in providing products designed for airborne printing solutions, avionics, and data acquisition, including flight deck printing solutions, networking hardware, and specialized aerospace-grade supplies. For more information please visit: www.astronovainc.com. Use of Non-GAAP Financial Measures In addition to financial measures prepared in accordance with generally accepted accounting principles (GAAP), this news release contains the Non-GAAP financial measures: Non-GAAP gross profit, Non-GAAP gross profit margin, Non-GAAP operating expenses, Non-GAAP operating income, Non-GAAP operating income margin, Non-GAAP net income (loss), Non-GAAP net income per Common Share - diluted, Non-GAAP segment gross profit, Non-GAAP segment gross profit margin, Non-GAAP segment operating income, Non-GAAP segment operating margin, Adjusted EBITDA and Adjusted EBITDA Margin. AstroNova believes that the inclusion of these Non-GAAP financial measures helps investors gain a meaningful understanding of changes in the Company’s core operating results and can help investors who wish to make comparisons between AstroNova and other companies on both a GAAP and a Non-GAAP basis. AstroNova’s management uses these Non-GAAP financial measures, in addition to GAAP financial measures, as the basis for measuring its core operating performance and comparing such performance to that of prior periods and to the performance of its competitors. These measures are also used by the Company’s management to assist with their financial and operating decision-making. Please refer to the financial reconciliation table included in this news release for a reconciliation of the Non-GAAP measures to the most directly comparable GAAP measures for the three months ended April 30, 2026 and 2025. Forward-Looking Statements Information included in this news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but rather reflect our current expectations concerning future events and results. These statements may include the use of the words “believes,” “expects,” “intends,” “plans,” “anticipates,” “likely,” “continues,” “may,” “will,” and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning the Company’s anticipated performance, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, (i) the risk that our efforts to improve sales in our Product Identification segment may not result in the benefits we expect, (ii) the risk that our Aerospace customers may not continue to convert to our ToughWriter® printer in the volumes or on the schedule that we expect; (iii) the risk that we may not realize the anticipated benefits of our next-generation print engine technology; and (iv) those factors set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2026 and subsequent filings AstroNova makes with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this news release. ASTRONOVA, INC. Condensed Consolidated Statements of Income (Loss) (In thousands, except per share data) (Unaudited)   Three Months Ended April 30,
2026 April 30,
2025 $ Variance % Variance Revenue $ 39,364   $ 37,708   $ 1,656   4.4 % Cost of Revenue   24,939     25,757     (818 ) (3.2 )% Gross Profit   14,425     11,951     2,474   20.7 % Total Gross Profit Margin   36.6 %   31.7 % Operating Expenses: Selling & Marketing   5,692     5,605     87   1.6 % Research & Development   1,809     1,529     280   18.3 % General & Administrative   5,363     4,246     1,117   26.3 % Total Operating Expenses   12,864     11,380     1,484   13.0 % Operating Income   1,562     571     991   173.7 % Total Operating Margin   4.0 %   1.5 % Interest Expense   675     897     (222 ) (24.7 )% Other (Income)/Expense, net   38     (25 )   63   (250.0 )% Income (Loss) Before Taxes   849     (301 )   1,150   (381.7 )% Income Tax Provision   196     75     121   161.3 % Net Income (Loss) $ 653   $ (376 ) $ 1,029   (273.5 )% Net Income (Loss) per Common Share - Basic $ 0.09   $ (0.05 ) Net Income (Loss) per Common Share - Diluted $ 0.08   $ (0.05 )   Weighted Average Number of Common Shares - Basic   7,678     7,560   Weighted Average Number of Common Shares - Diluted   7,774     7,560   ASTRONOVA, INC. Condensed Consolidated Balance Sheets (In thousands) (Unaudited)   April 30,
2026 Jan 31,
2026 ASSETS CURRENT ASSETS Cash and Cash Equivalents $ 4,675   $ 4,072   Accounts Receivable, net   21,627     18,985   Inventories, net   43,926     43,252   Prepaid Expenses and Other Current Assets   4,425     4,395   Total Current Assets   74,653     70,704   PROPERTY, PLANT AND EQUIPMENT   40,364     40,400   Less Accumulated Depreciation   (26,718 )   (26,272 ) Property, Plant and Equipment, net   13,646     14,128   OTHER ASSETS Identifiable Intangibles, net   20,684     21,496   Goodwill   17,244     17,376   Deferred Tax Assets, net   9,780     9,831   Right of Use Asset   2,307     2,466   Other Assets   1,542     1,565   TOTAL ASSETS $ 139,856   $ 137,566   LIABILITIES AND SHAREHOLDERS’ EQUITY CURRENT LIABILITIES Accounts Payable $ 7,601   $ 6,806   Accrued Compensation   4,673     4,390   Other Accrued Expenses   7,564     4,702   Revolving Line of Credit   15,398     16,273   Current Portion of Long-Term Debt   4,272     3,033   Current Liability – Royalty Obligation   1,233     1,656   Current Liability – Excess Royalty Payment Due   194     331   Income Taxes Payable   1,036     691   Deferred Revenue   393     489   Total Current Liabilities   42,364     38,371   NON-CURRENT LIABILITIES Long-Term Debt, net of current portion   16,234     18,295   Lease Liabilities, net of current portion   1,784     1,953   Grant Deferred Revenue   926     899   Royalty Obligation, net of current portion   160     145   Income Tax Payables   800     800   Other Long-Term Liability   66     241   TOTAL LIABILITIES   62,334     60,704   SHAREHOLDERS’ EQUITY Common Stock   558     554   Additional Paid-in Capital   66,889     66,329   Retained Earnings   47,657     47,004   Treasury Stock   (35,418 )   (35,227 ) Accumulated Other Comprehensive Loss, net of tax   (2,164 )   (1,798 ) TOTAL SHAREHOLDERS’ EQUITY   77,522     76,862   TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 139,856   $ 137,566   ASTRONOVA, INC. Condensed Consolidated Statements of Cash Flow – Three Months (In thousands) (Unaudited)   Three Months Ended April 30,
2026 April 30,
2025 Cash Flows from Operating Activities: Net Income (Loss) $ 653   $ (376 ) Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: Depreciation and Amortization   1,182     1,290   Grant Income Included in Depreciation   69     56   Amortization of Debt Issuance Costs   10     8   Share-Based Compensation   389     306   Deferred Income Tax Provision (Benefit)   37     (52 ) Changes in Assets and Liabilities: Accounts Receivable   (2,691 )   210   Inventories   (766 )   (2,704 ) Income Taxes   146     172   Accounts Payable and Accrued Expenses   3,902     3,622   Deferred Revenue   (73 )   1,041   Other   163     822   Net Cash Provided by Operating Activities   3,021     4,395     Cash Flows from Investing Activities: Purchases of Property, Plant and Equipment   (36 )   (60 ) Net Cash Used for Investing Activities   (36 )   (60 )   Cash Flows from Financing Activities: Net Cash Proceeds from Share Purchases under Employee Stock Purchase Plan   —     51   Net Cash Used for Payment of Taxes Related to Vested Restricted Stock   (191 )   (155 ) Revolving Credit Facility, net   (824 )   (2,872 ) Payment of Minimum Guarantee Royalty Obligation   (423 )   (428 ) Principal Payments of Long-Term Debt   (809 )   (826 ) Net Cash Provided by (Used for) Financing Activities   (2,247 )   (4,230 )   Effect of Exchange Rate Changes on Cash and Cash Equivalents   (135 )   198   Net Increase in Cash and Cash Equivalents   602     303   Cash and Cash Equivalents, Beginning of Period   4,072     5,050   Cash and Cash Equivalents, End of Period $ 4,675   $ 5,353     Supplemental Information: Cash Paid (Received) During the Period for: Interest $ 652   $ 770   Income Taxes, net of refunds $ 50   $ (100 ) Non-Cash Transactions: Operating Lease Obtained in Exchange for Operating Lease Liabilities $ —   $ 936   ASTRONOVA, INC. Segment Sales and Profit (Unaudited, $ in thousands)   Three Months
Ended ($ in thousands) April 30,
2026 April 30,
2025 Revenue: Product ID $ 26,089   $ 26,289   Aerospace   13,275     11,419   Total Revenue $ 39,364   $ 37,708     Gross Profit: Product ID $ 8,403   $ 8,233   Aerospace   6,022     3,718   Gross Profit $ 14,425   $ 11,951     Gross Profit Margin: Product ID   32.2 %   31.3 % Aerospace   45.4 %   32.6 % Gross Profit Margin   36.6 %   31.7 %   Segment Operating Income: Product ID $ 566   $ 260   Aerospace   3,878     1,979   Total Segment Operating Income $ 4,444   $ 2,239     Segment Operating Margin: Product ID   2.2 %   1.0 % Aerospace   29.2 %   17.3 % Total Segment Operating Margin   11.3 %   5.9 %   Corporate Expense   (2,882 )   (1,668 ) Operating Income (Loss) $ 1,562   $ 571   Interest Expense   675     897   Other (Income)/Expense, net   38     (25 ) Income (Loss) Before Income Taxes $ 849   $ (301 ) Income Tax Provision (Benefit)   196     75   Net Income (Loss) $ 653   $ (376 ) ASTRONOVA, INC. Segment Sales and Non-GAAP Profit (Unaudited, $ in thousands)   Three Months
Ended ($ in thousands) April 30,
2026 April 30,
2025 Revenue: Product ID $ 26,089   $ 26,289   Aerospace   13,275     11,419   Total Revenue $ 39,364   $ 37,708     Gross Profit: Product ID $ 9,023   $ 8,465   Aerospace   5,527     3,887   Non-GAAP Gross Profit $ 14,550   $ 12,352     Gross Profit Margin: Product ID   34.6 %   32.2 % Aerospace   41.6 %   34.0 % Non-GAAP Gross Profit Margin   36.9 %   32.8 %   Segment Operating Income: Product ID $ 1,263   $ 995   Aerospace   3,393     2,150   Total Non-GAAP Segment Operating Income $ 4,656   $ 3,145     Segment Operating Margin: Product ID   4.8 %   3.8 % Aerospace   25.6 %   18.8 % Total Non-GAAP Segment Operating Margin   11.8 %   8.3 %   Corporate Expense   (2,067 )   (1,620 ) Non-GAAP Operating Income $ 2,589   $ 1,527   Interest Expense $ 675   $ 897   Other (Income)/Expense, net   38     (25 ) Income Before Income Taxes $ 1,876   $ 655   Adjusted Income Tax Provision (Benefit)   433     301   Non-GAAP Net Income $ 1,443   $ 354   ASTRONOVA, INC. Revenue by Market (unaudited, $ in thousands) Product ID: Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY2026 Q1 FY27 YTD FY2027 Desktop Label Printers $ 15,478 $ 15,190 $ 16,115   15,041   61,824 $ 15,466   15,466 Mail & Sheet/Flat Pack Printers   4,050   3,740   4,280   4,138   16,208   4,095   4,095 Professional Label Printers   3,247   3,506   3,636   3,863   14,252   3,503   3,503 Direct to Package/Overprint Printers   3,396   2,230   2,371   2,579   10,576   2,248   2,248 Flexible Packaging Printers   30   69   79   38   216   47   47 Other   88   19   368   670   1,145   731   731 TOTAL $ 26,289 $ 24,754 $ 26,849   26,329   104,221 $ 26,089   26,089   Aerospace: Q1 FY26* Q2 FY26 Q3 FY26 Q4 FY26 FY2026 Q1 FY27 YTD FY2027 Commercial Aircraft $ 4,953 $ 4,714 $ 5,764 $ 5,030 $ 20,461 $ 7,247 $ 7,247 Aftermarket   4,911   4,953   4,955   4,831   19,650   4,275   4,275 Defense   811   1,047   766   885   3,509   754   754 Regional and Biz Jet Aircraft   396   431   634   195   1,656   564   564 Other   348   203   201   266   1,018   435   435 TOTAL $ 11,419 $ 11,348 $ 12,320 $ 11,207 $ 46,294 $ 13,275 $ 13,275   Consolidated Total $ 37,708 $ 36,102 $ 39,169   37,536   150,515 $ 39,364   39,364   *Q1 fiscal 2026 revenue by market has been revised from amount previously reported in our Q1 fiscal 2026 press release issued on June 5, 2025, to correct a classification error between market categories. Total Q1 2026 fiscal sales were unaffected. ASTRONOVA, INC. Revenue by Type (unaudited, $ in thousands)   Product ID Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY 2026 Q1 FY27 YTD FY2027 Product ID HW $ 4,776 $ 4,511 $ 5,357 $ 5,332 $ 19,976 $ 4,783 $ 4,783 Product ID Recurring Supplies, Parts & Service   21,513   20,243   21,492   20,997   84,245   21,306   21,306 Total Product ID $ 26,289 $ 24,754 $ 26,849 $ 26,329 $ 104,221 $ 26,089 $ 26,089 Aerospace Aerospace HW $ 6,519 $ 6,425 $ 7,360 $ 6,369 $ 26,672 $ 8,992 $ 8,992 Aerospace Recurring Supplies, Parts & Service   4,900   4,923   4,960   4,838   19,622   4,283   4,283 Total Aerospace $ 11,419 $ 11,348 $ 12,320 $ 11,207 $ 46,294 $ 13,275 $ 13,275 Consolidated AstroNova HW $ 11,295 $ 10,936 $ 12,717 $ 11,701 $ 46,648 $ 13,775 $ 13,775 AstroNova Recurring Supplies, Parts & Service   26,413   25,166   26,452   25,835   103,867   25,589   25,589 TOTAL $ 37,708 $ 36,102 $ 39,169 $ 37,536 $ 150,515 $ 39,364 $ 39,363 ASTRONOVA, INC. Bookings and Backlog (unaudited, $ in thousands) AstroNova Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY 2026 Q1 FY27 YTD FY2027 Backlog Beginning of Period (incl. MTEX) $ 28,307   $ 25,491   $ 25,291   $ 21,989   $ 28,307   $ 25,530   $ 25,530   Revenue Recognized (Billings) $ 37,708   $ 36,102   $ 39,169   $ 37,536   $ 150,515   $ 39,364   $ 39,364   New Bookings During Period $ 34,893   $ 35,901   $ 35,867   $ 41,077   $ 147,738   $ 46,261   $ 46,261   Backlog End of Period $ 25,491   $ 25,291   $ 21,989   $ 25,530   $ 25,530   $ 32,426   $ 32,426   Book/Bill %   93 %   99 %   92 %   109 %   96 %   118 %   118 %     Product Identification Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY 2026 Q1 FY27 YTD FY2027 Backlog Beginning of Period (incl. MTEX) $ 18,091   $ 18,044   $ 16,727   $ 12,351   $ 18,091   $ 13,482   $ 13,482   Revenue Recognized (Billings) $ 26,289   $ 24,754   $ 26,849   $ 26,329   $ 104,221   $ 26,089   $ 26,089   New Bookings During Period $ 26,242   $ 23,437   $ 22,473   $ 27,460   $ 99,612   $ 26,789   $ 26,789   Backlog End of Period $ 18,044   $ 16,727   $ 12,351   $ 13,484   $ 13,482   $ 14,182   $ 14,182   Book/Bill %   100 %   95 %   84 %   104 %   95 %   103 %   103 %     Aerospace Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY 2025 Q1 FY27 YTD FY2027 Backlog Beginning of Period $ 10,216   $ 7,447   $ 8,563   $ 9,638   $ 10,216   $ 12,048   $ 12,048   Revenue Recognized (Billings) $ 11,419   $ 11,348   $ 12,320   $ 11,207   $ 46,294   $ 13,275   $ 13,275   New Bookings During Period $ 8,651   $ 12,464   $ 13,394   $ 13,617   $ 48,126   $ 19,471   $ 19,471   Backlog End of Period $ 7,447   $ 8,563   $ 9,638   $ 12,047   $ 12,048   $ 18,244   $ 18,244   Book/Bill %   76 %   110 %   109 %   122 %   97 %   147 %   147 % ASTRONOVA, INC. Segment Sales and Profit – Historical Quarterly Summary (Recast) (unaudited, $ in thousands)   FY24 Q1 Q2 Q3 Q4 FY25 Q1 Q2 Q3 Q4 FY26 Q1 FY27 Aerospace Revenue $ 44,045   9,776   13,374   14,105   11,683   $ 48,938   11,419   11,348   12,320   11,206   $ 46,294   13,275   Gross profit $ 15,900   3,456   5,548   5,093   3,989   $ 18,087   3,718   3,721   6,121   4,236   $ 17,797   6,022   Gross Profit Margin   36.1 % 35.4 % 41.5 % 36.1 % 34.1 %   37.0 % 32.6 % 32.8 % 49.7 % 37.8 %   38.4 % 45.4 % Operating Expenses: Selling & Marketing $ 3,433   904   899   913   822   $ 3,537   481   911   1,095   772   $ 3,260   903   Research & Development $ 2,347   801   781   877   785   $ 3,243   652   603   710   656   $ 2,621   548   General & Administrative $ 1,881   644   567   512   497   $ 2,220   606   540   536   471   $ 2,154   693   Total Operating Expenses $ 7,661   2,348   2,246   2,301   2,104   $ 9,000   1,739   2,055   2,341   1,899   $ 8,034   2,144     Aerospace Operating Income $ 8,240   1,108   3,302   2,792   1,885   $ 9,087   1,979   1,666   3,780   2,338   $ 9,763   3,878   Aerospace Operating Margin   18.7 % 11.3 % 24.7 % 19.8 % 16.1 %   18.6 % 17.3 % 14.7 % 30.7 % 20.9 %   21.1 % 29.2 % Non-GAAP Aerospace Adjusted EBITDA1 $ 10,239   1,519   3,719   3,193   2,279   $ 10,710   2,566   2,081   3,911   3,104   $ 11,662   3,769   Adjusted EBITDA Margin1   23.2 % 15.5 % 27.8 % 22.6 % 19.5 %   21.9 % 22.5 % 18.3 % 31.7 % 27.7 %   25.2 % 28.4 %   FY24 Q1 Q2 Q3 Q4 FY25 Q1 Q2 Q3 Q4 FY26 Q1 FY27 Product ID Revenue $ 104,041   23,185   27,165   26,317   25,679   $ 102,345   26,289   24,754   26,849   26,330   $ 104,221   26,089   Gross profit $ 33,604   8,002   8,315   8,015   8,236   $ 32,570   8,233   7,194   7,323   7,088   $ 29,838   8,403   Gross Profit Margin   32.3 % 34.5 % 30.6 % 30.5 % 32.1 %   31.8 % 31.3 % 29.1 % 27.3 % 26.9 %   28.6 % 32.2 % Operating Expenses: Selling & Marketing $ 19,971   4,436   5,567   5,438   5,274   $ 20,715   5,124   4,935   4,773   4,870   $ 19,703   4,789   Research & Development $ 3,994   670   507   795   832   $ 2,804   877   961   1,188   1,141   $ 4,167   1,261   General & Administrative $ 4,314   1,447   2,363   1,896   15,206   $ 20,911   1,971   1,490   1,667   1,310   $ 6,439   1,787   Total Operating Expenses $ 28,280   6,553   8,437   8,128   21,312   $ 44,430   7,973   7,387   7,628   7,323   $ 30,310   7,837     Product ID Operating Income $ 5,325   1,449   (121 ) (112 ) (13,076 ) $ (11,860 ) 260   (192 ) (304 ) (234 ) $ (471 ) 566   Product ID Operating Margin   5.1 % 6.2 % -0.4 % -0.4 % -50.9 %   -11.6 % 1.0 % -0.8 % -1.1 % -0.9 %   -0.5 % 2.2 % Non-GAAP Product ID Adjusted EBITDA1 $ 11,156   2,046   1,619   1,269   1,615   $ 6,550   1,903   870   1,371   1,095   $ 5,239   2,112   Adjusted EBITDA Margin1   10.7 % 8.8 % 6.0 % 4.8 % 6.3 %   6.4 % 7.2 % 3.5 % 5.1 % 4.2 %   5.0 % 8.1 %   Corporate Expense $ 4,768   1,211   2,120   1,416   1,120   $ 5,867   1,668   2,181   2,187   2,049   $ 8,086   2,882     Consolidated Consolidated Operating Income   8,796   1,346   1,061   1,264   (12,311 )   (8,640 ) 571   (708 ) 1,288   55     1,207   1,562   Consolidated Operating Margin   5.9 % 4.1 % 2.6 % 3.1 % -33.0 %   -5.7 % 1.5 % -2.0 % 3.3 % 0.1 %   0.8 % 4.0 % Non-GAAP Adjusted EBITDA1 $ 17,601   2,463   3,849   3,230   2,793   $ 12,336   3,148   2,056   4,173   3,306   $ 12,681   4,122   Adjusted EBITDA Margin1   11.9 % 7.5 % 9.5 % 8.0 % 7.5 %   8.2 % 8.3 % 5.7 % 10.7 % 8.8 %   8.4 % 10.5 %   1Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP metrics. Please refer to the reconciliation of GAAP to non-GAAP metrics in the tables that accompany this news release. ASTRONOVA, INC. Reconciliation of GAAP to Non-GAAP Items (Unaudited, $ in thousands)   Three Months Ended April 30,
2026 April 30,
2025   Revenue $ 39,364   $ 37,708     Gross Profit $ 14,425   $ 11,951   Inventory Step-Up   -     61   Inventory Provision   (263 )   -   Restructuring Charges   360     340   Non-Recurring Legal, Professional & Other Expenses   29     -   Non-GAAP Gross Profit $ 14,552   $ 12,352   Gross Profit Margin   36.6 %   31.7 % Non-GAAP Gross Profit Margin   36.9 %   32.8 %   Operating Expenses $ 12,863   $ 11,382   MTEX-related Acquisition Expenses   -     (337 ) Bonus   (165 )   -   Restructuring Charges   (2 )   (219 ) Non-Recurring Legal, Professional & Other Expenses   (734 )   -   Non-GAAP Operating Expenses $ 11,962   $ 10,826     Operating Income $ 1,562   $ 571   MTEX-related Acquisition Expenses   -     337   Inventory Step-Up   -     61   Inventory Provision   (263 )   -   Bonus   165     -   Restructuring Charges   362     558   Non-Recurring Legal, Professional & Other Expenses   763     -   Non-GAAP Operating Income $ 2,589   $ 1,527   Operating Income Margin   4.0 %   1.5 % Non-GAAP Operating Income Margin   6.6 %   4.0 %   Net Income (Loss) $ 653   $ (376 ) MTEX-related Acquisition Expenses(1)   -     257   Inventory Step-Up(1)   -     49   Inventory Provision(1)   (192 )   -   Bonus(1)   125     -   Restructuring Charges(1)   276     424   Non-Recurring Legal, Professional, and Other Expenses(1)   581     -   Non-GAAP Net Income $ 1,443   $ 354     Diluted Earnings (Loss) Per Share $ 0.08   $ (0.05 ) MTEX-related Acquisition Expenses(1)   -     0.03   Inventory Step-Up(1)   -     0.01   Inventory Provision(1)   (0.02 )   -   Bonus(1)   0.02     -   Restructuring Charges(1)   0.04     0.06   Non-Recurring Legal, Professional and Other Expenses(1)   0.07     -   Non-GAAP Diluted Earnings Per Share $ 0.19   $ 0.05     (1) Net of taxes ASTRONOVA INC. Reconciliation of Net Income and Margin to Adjusted EBITDA and Margin (Unaudited, $ in thousands)   Three Months Ended April 30,
2026 April 30,
2025   Net Income (Loss) $ 653   $ (376 ) Interest Expense   675     897   Income Tax Expense   196     75   Depreciation & Amortization   1,182     1,290   EBITDA $ 2,706   $ 1,886   Share-Based Compensation   389     306   Bonus   165     -   MTEX-related Acquisition Expenses   -     337   Inventory Step-Up   -     61   Inventory Provision   (263 )   -   Restructuring Charges   362     558   Non-Recurring Legal Expenses   763     -   Adjusted EBITDA $ 4,122   $ 3,148   Revenue $ 39,364   $ 37,708   Net Income (Loss) Margin   1.7 %   (1.0 )% Adjusted EBITDA Margin   10.5 %   8.3 % ASTRONOVA INC. Reconciliation of Segment Gross Profit and Margin to Non-GAAP Gross Profit and Margin (Unaudited, $ in thousands)   Three Months Ended April 30,
2026 April 30,
2025 Product
ID Aerospace Total Product
ID Aerospace Total   Segment Gross Profit $ 8,403   $ 6,022   $ 14,425   $ 8,233   $ 3,718   $ 11,951     Inventory Step-Up   -     -     -     61     -     61     Inventory Provision   232     (495 )   (263 )   -     -     -     Restructuring Charges   360     -     360     171     169     340     Non-Recurring Legal, Professional & Other Expenses   29     -     29     -     -     -     Non-GAAP - Segment Gross Profit $ 9,023   $ 5,527   $ 14,551   $ 8,465   $ 3,887   $ 12,352     Revenue $ 26,089   $ 13,275   $ 39,364   $ 26,289   $ 11,419   $ 37,708   Gross Profit Margin   32.2 %   45.4 %   36.6 %   31.3 %   32.6 %   31.7 % Non-GAAP Segment Gross Profit Margin   34.6 %   41.6 %   36.9 %   32.2 %   34.0 %   32.8 % ASTRONOVA INC. Reconciliation of Segment Operating Profit and Margin to Non-GAAP Operating Profit and Margin (Unaudited, $ in thousands)   Three Months Ended April 30,
2026 April 30,
2025 Product
ID Aerospace Total Product
ID Aerospace Total   Segment Operating Income $ 566   $ 3,878   $ 4,444   $ 260   $ 1,979   $ 2,239     Inventory Step-Up   -     -     -     61     -     61     Inventory Provision   232     (495 )   (263 )   -     -     -     Bonus   60     10     70     -     -     -     Restructuring Charges   362     -     362     339     171     510     MTEX-related Acquisition Expenses   -     -     -     336     -     336   Non-Recurring Legal, Professional & Other Expenses   43     -     43     -     -     -   Non-GAAP - Segment Operating Income $ 1,263   $ 3,393   $ 4,656   $ 995   $ 2,150   $ 3,145     Revenue $ 26,089   $ 13,275   $ 39,364   $ 26,289   $ 11,419   $ 37,708   Operating Margin   2.2 %   29.2 %   11.3 %   1.0 %   17.3 %   5.9 % Non-GAAP Operating Margin   4.8 %   25.6 %   11.8 %   3.8 %   18.8 %   8.3 % ASTRONOVA INC. Reconciliation of Segment and Consolidated Net Income to Adjusted EBITDA (Past Quarters and Years) (Unaudited, $ in thousands)     2024   Q1 25 Q2 25 Q3 25 Q4 25 FY25 Q1 26 Q2 26 Q3 26 Q4 26 FY26 Q1 27   Aerospace Operating Income $ 8,240   $ 1,108   $ 3,302   $ 2,792   $ 1,886   $ 9,088   $ 1,980   $ 1,666   $ 3,780   $ 2,338   $ 9,763   $ 3,878   Other   -     -     -     -     -     -     -     -     -     -     -     -   Interest expense   -     -     -     -     -     -     -     -     -     -     -     15   Profit Before Tax $ 8,240     1,108     3,302     2,792     1,886   $ 9,088     1,980     1,666     3,780     2,338   $ 9,763   $ 3,863   Tax   -     -     -     -     -     -     -     -     -     -     -     -   Net Income $ 8,240     1,108     3,302     2,792     1,886   $ 9,088     1,980     1,666     3,780     2,338   $ 9,763   $ 3,863   Interest expense   -     -     -     -     -     -     -     -     -     -     -     15   Tax   -     -     -     -     -     -     -     -     -     -     -     -   Depreciation & Amortization   1,873     374     378     365     365     1,482     373     368     363     360     1,464     332   Share-Based Compensation   126     37     39     36     29     140     43     46     80     94     263     44   Bonus   -     -     -     -     -     -     -     -     -     10   Inventory Provision   -     -     -     -     -     -     -     -     (311 )   311     -     (495 ) Restructuring Charges   -     -     -     -     -     -     170     1     -     -     171     -   Adjusted EBITDA $ 10,239   $ 1,519   $ 3,719   $ 3,193   $ 2,279   $ 10,710   $ 2,566   $ 2,081   $ 3,911   $ 3,104   $ 11,662   $ 3,769   Revenue $ 44,045   $ 9,776   $ 13,374   $ 14,105   $ 11,683   $ 48,938   $ 11,419   $ 11,348   $ 12,320   $ 11,206   $ 46,294   $ 13,275   Adjusted EBITDA Margin   23.2 %   15.5 %   27.8 %   22.6 %   19.5 %   21.9 %   22.5 %   18.3 %   31.7 %   27.7 %   25.2 %   28.4 %     2024   Q1 25 Q2 25 Q3 25 Q4 25 FY25 Q1 26 Q2 26 Q3 26 Q4 26 FY26 Q1 27   Product ID Operating Income $ 5,325   $ 1,449   $ (121 ) $ (113 ) $ (13,075 ) $ (11,860 ) $ 260   $ (192 ) $ (304 ) $ (234 ) $ (470 ) $ 566   Other   -     -     -     -     -     -     -     -     -     -     -     20   Interest expense   -     -     -     -     -     -     -     -     -     -     -     24   Profit Before Tax $ 5,325     1,449     (121 )   (113 )   (13,075 ) $ (11,860 )   260     (192 )   (304 )   (234 ) $ (470 ) $ 522   Tax   -     -     -     -     -     -     -     -     -     -     -     364   Net Income $ 5,325     1,449     (121 )   (113 )   (13,075 ) $ (11,860 )   260     (192 )   (304 )   (234 ) $ (470 ) $ 158   Interest expense   -     -     -     -     -     -     -     -     -     -     -     24   Tax   -     -     -     -     -     -     -     -     -     -     -     364   Depreciation & Amortization   2,378     532     921     929     896     3,279     913     909     489     1,013     3,322     844   Share-Based Compensation   317     64     74     94     75     308     (7 )   86     88     207     373     26   Bonus   -     -     -     -     -     -     -     -     -     -     -     60   MTEX-related Acquisition Expenses   -     -     625     325     254     1,204     337     (26 )   -     -     311     -   Inventory Step-Up   -     -     120     34     62     216     61     -     -     -     61     -   Inventory Provision   -     -     -     -     -     -     -     -     670     54     724     232   Restructuring Charges   2,494     -     -     -     -     -     339     94     (2 )   52     483     362   Product Retrofit Costs   642     -     -     -     -     -     -     -     -     185     185     -   Non-Recurring Legal Expenses   -     -     -     -     -     -     -     -     134     (182 )   (48 )   43   Goodwill Impairment   -     -     -     -     13,403     13,403     -     -     297     -     297     -   Adjusted EBITDA $ 11,156   $ 2,046   $ 1,619   $ 1,269   $ 1,615   $ 6,550   $ 1,903   $ 870   $ 1,371   $ 1,095   $ 5,239   $ 2,112   Revenue $ 104,041   $ 23,185   $ 27,165   $ 26,317   $ 25,679   $ 102,345   $ 26,289   $ 24,754   $ 26,849   $ 26,330   $ 104,221   $ 26,089   Adjusted EBITDA Margin   10.7 %   8.8 %   6.0 %   4.8 %   6.3 %   6.4 %   7.2 %   3.5 %   5.1 %   4.2 %   5.0 %   8.1 %     2024   Q1 25 Q2 25 Q3 25 Q4 25 FY25 Q1 26 Q2 26 Q3 26 Q4 26 FY26 Q1 27   Corporate Operating Income $ (4,768 ) $ (1,211 ) $ (2,120 ) $ (1,416 ) $ (1,122 ) $ (5,869 ) $ (1,668 ) $ (2,181 ) $ (2,187 ) $ (2,050 ) $ (8,087 ) $ (2,882 ) Other   26     118     173     46     100     437     (24 )   104     210     (51 )   239     18   Interest expense   2,697     482     938     944     847     3,210     897     885     827     894     3,503     635   Profit Before Tax $ (7,491 )   (1,811 )   (3,231 )   (2,406 )   (2,069 ) $ (9,516 )   (2,541 )   (3,170 )   (3,224 )   (2,893 ) $ (11,829 ) $ (3,536 ) Tax   1,379     (434 )   261     34     2,342     2,203     75     (454 )   (128 )   346     (161 )   (168 ) Net Income $ (8,870 )   (1,377 )   (3,492 )   (2,440 )   (4,411 ) $ (11,719 )   (2,616 )   (2,716 )   (3,096 )   (3,239 ) $ (11,668 ) $ (3,368 ) Interest expense   2,697     482     938     944     847     3,210     897     885     827     894     3,503     635   Tax   1,379     (434 )   261     36     2,342     2,205     75     (454 )   (128 )   346     (161 )   (168 ) Depreciation & Amortization   15     4     4     6     4     19     4     4     5     5     18     6   EBITDA $ (4,779 )   (1,324 )   (2,289 )   (1,454 )   (1,218 ) $ (6,285 )   (1,640 )   (2,282 )   (2,392 )   (1,994 ) $ (8,308 ) $ (2,894 )   Share-Based Compensation   903     223     368     222     116     929     270     367     586     449     1,673     318   Bonus   -     -     -     -     -     -     -     -     -     -     -     95   CFO Transition Costs   -     -     432     -     -     432     -     -     -     -     -     -   Restructuring Charges   82     -     -     -     -     -     49     595     60     -     703     0   Non-Recurring Legal Expenses   -     -     -     -     -     -     -     69     254     440     763     720   Non-Recurring Proxy Costs   -     -     -     -     -     -     -     355     172     210     738     -   Realized Fx   -     -     -     -     -     -     -     -     100     -     100     -   Other (Income) and Expense   -     -     -     -     -     -     -     -     112     -     112     -   Adjusted EBITDA $ (3,794 ) $ (1,101 ) $ (1,489 ) $ (1,232 ) $ (1,102 ) $ (4,924 ) $ (1,321 ) $ (896 ) $ (1,108 ) $ (895 ) $ (4,220 ) $ (1,760 )     2024   Q1 25 Q2 25 Q3 25 Q4 25 FY25 Q1 26 Q2 26 Q3 26 Q4 26 FY26 Q1 27   AstroNova Consolidated Operating Income $ 8,796   $ 1,346   $ 1,061   $ 1,263   $ (12,311 ) $ (8,641 ) $ 572   $ (708 ) $ 1,288   $ 55   $ 1,208   $ 1,562   Other   26     118     173     46     100     437     (24 )   104     210     (51 )   239     38   Interest expense   2,697     482     938     944     847     3,210     897     885     827     894     3,503     675   Profit Before Tax $ 6,073     746     (50 )   273     (13,258 ) $ (12,288 )   (301 )   (1,697 )   251     (789 ) $ (2,535 ) $ 849   Tax   1,379     (434 )   261     34     2,342     2,202     75     (454 )   (128 )   346     (161 )   196   Net Income $ 4,694     1,180     (311 )   239     (15,600 ) $ (14,490 )   (376 )   (1,243 )   379     (1,134 ) $ (2,373 ) $ 653   Interest expense   2,697     482     938     944     847     3,210     897     885     827     894     3,503     675   Tax   1,379     (434 )   261     36     2,342     2,202     75     (454 )   (128 )   346     (161 )   196   Depreciation & Amortization   4,266     911     1,304     1,300     1,266     4,780     1,290     1,280     856     1,379     4,805     1,182   EBITDA $ 13,036     2,139     2,191     2,519     (11,146 ) $ (4,297 )   1,886     469     1,934     1,485   $ 5,774   $ 2,706     Share-Based Compensation   1,347     325     481     352     219     1,378     306     499     754     751     2,310     389   Bonus   -     -     -     -     -     -     -     -     -     -     -     165   MTEX-related Acquisition Expenses   -     -     625     325     254     1,204     337     (26 )   -     -     311     -   CFO Transition Costs   -     -     432     -     -     432     -     -     -     -     -     -   Inventory Step-Up   -     -     120     34     62     216     61     -     -     -     61     -   Inventory Provision   -     -     -     -     -     -     -     -     359     365     724     (264 ) Restructuring Charges   2,576     -     -     -     -     -     558     689     59     52     1,357     362   Product Retrofit Costs   642     -     -     -     -     -     -     -     -     185     185     -   Non-Recurring Legal Expenses   -     -     -     -     -     -     -     69     387     258     715     763   Non-Recurring Proxy Costs   -     -     -     -     -     -     -     355     172     210     738     -   Realized Fx   -     -     -     -     -     -     -     -     100     -     100     -   Other (Income) and Expense   -     -     -     -     -     -     -     -     112     -     112     -   Goodwill Impairment   -     -     -     -     13,403     13,403     -     -     297     -     297     -   Adjusted EBITDA $ 17,601   $ 2,463   $ 3,849   $ 3,230   $ 2,793   $ 12,336   $ 3,149   $ 2,056   $ 4,175   $ 3,306   $ 12,682   $ 4,121   Revenue $ 148,086   $ 32,961   $ 40,539   $ 40,422   $ 37,361   $ 151,283   $ 37,708   $ 36,102   $ 39,169   $ 37,536   $ 150,515   $ 39,364   Adjusted EBITDA Margin   11.9 %   7.5 %   9.5 %   8.0 %   7.5 %   8.2 %   8.4 %   5.7 %   10.7 %   8.8 %   8.4 %   10.5 %   View source version on businesswire.com: https://www.businesswire.com/news/home/20260608234583/en/ Deborah Pawlowski, IRC, Alliance Advisors
Email: dpawlowski@allianceadvisors.com
Phone: 716.843.3908 Original: AstroNova Reports 4.4% Growth in Sales for First Quarter Fiscal 2027

AstroNova Agrees to Settlement Regarding MTEX AcquisitionMay 15, 2026 9:35 AM
Business Wire AstroNova, Inc. (Nasdaq: ALOT), a leading innovator in specialized print technology solutions, today announced that on May 15, 2026, Effort Premier Solutions Lda., Elói Ferreira, Atlantiprestígio, AstroNova Portugal, Unipessoal, Lda. and AstroNova Inc. entered into a comprehensive settlement agreement to terminate the arbitration and related proceedings between all parties, and to mutually discharge all liabilities arising from the Share Purchase Agreement (SPA), the Transitional Management Agreement (TMA), and the related Lease Agreement, pursuant to which AstroNova Portugal, Unipessoal, Lda. purchased MTEX New Solution, S.A. from Effort Premium Solutions, Lda. About AstroNova, Inc.
AstroNova (Nasdaq: ALOT) is a global provider of printing technologies serving regulated and industrial markets. The Company designs, manufactures, distributes, and services solutions that enable customers to identify, track, and communicate essential product and safety information across a wide range of applications and media. AstroNova supports customers by enabling safety, accuracy and durability for flightdeck communications, medical device and healthcare products, essential chemical products, and mission-critical industrial components, while ensuring compliance with local and regional regulatory requirements. The Product Identification segment delivers end-to-end marking and identification solutions, including hardware, software, and consumables for OEMs, commercial printers, and brand owners. These solutions are used across labels, flexible packaging, corrugated, and industrial substrates, where durability, traceability, and compliance are essential. The Aerospace segment is a global leader in providing products designed for airborne printing solutions, avionics, and data acquisition, including flight deck printing solutions, networking hardware, and specialized aerospace-grade supplies. For more information please visit: www.astronovainc.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260515360326/en/ Deborah Pawlowski, IRC,
Alliance Advisors IR
Email: dpawlowski@allianceadvisors.com
Phone: 716.843.3908 Original: AstroNova Agrees to Settlement Regarding MTEX Acquisition

AstroNova Reports Fourth-Quarter and Full-Year Fiscal 2026 Financial ResultsApril 13, 2026 4:30 PM
Business Wire

Fourth quarter revenue of $37.5 million and fiscal 2026 revenue of $150.5 million, in line with guidance



Fourth quarter net loss was $1.1 million, or $0.15 per diluted share; adjusted EBITDA1 was $3.3 million, or 8.8% of sales



Product Identification turnaround gaining momentum with well-defined go-to-market and operations strategies



Total orders in the quarter were up 6.5% to $41.1 million



Generated $3.7 million of operating cash in the quarter and $11.7 million for the full year, compared with $2.5 million and $4.8 million in the prior periods, respectively



Strengthened balance sheet with debt reduced by $2.7 million in the quarter and $9.1 million in fiscal 2026



Previously announced evaluation of strategic alternatives



AstroNova, Inc. (Nasdaq: ALOT), a leading innovator in specialized print technology solutions, today announced financial results for its fiscal 2026 fourth quarter and full-year ended January 31, 2026.


Jorik Ittmann, President and Chief Executive Officer of AstroNova, stated, "The second half of fiscal 2026 was a reset period for AstroNova. As we began the year, we recognized that the changes we were making in the business would begin to be realized with a stronger second half. Our focus was on stabilizing the business and ending the year having generated more cash, reduced debt, and raised accountability across both segments. Our Aerospace business delivered a strong performance, with ToughWriter now representing more than 80% of total flight deck printer shipments, positioning us well as aircraft build rates increase.


“In Product ID, we provide label printing solutions that address the needs of three key verticals: healthcare/life sciences, industrial and chemical industries. In these markets our labels are a component of customers’ products and are critical to their success. Our restructuring efforts are being realized through improving commercial momentum in these verticals. We have employed more robust analytics to understand our customers and markets and are better directing our resources to drive growth. This includes continuing to evolve the team, putting the right talent in the correct roles, and recognizing where and why we can win. We expect this focus of our resources where we have competitive advantages will lead to stronger, more profitable growth."


Mr. Ittmann added, "Looking ahead to fiscal 2027, we expect Aerospace to deliver measured growth, supported by rising aircraft production, a favorable product mix, and the expiration of a major royalty obligation during the third quarter of the year that negatively impacts gross margin on an annualized basis by approximately $2 million. In Product ID, we are focused on converting our commercial pipeline into consistent revenue growth while strengthening operational performance. We believe we can create greater value for our shareholders with our enhanced product offerings, go-to-market strategy and operational restructuring. Importantly, we will evaluate all strategic alternatives to achieve this goal."




Fourth Quarter Fiscal 2026 Overview1 (comparisons are to the prior-year period unless noted otherwise)







 




Three Months Ended


2H Fiscal 2026 compared with 1H Fiscal 2026




January 31,
2026

January 31,
2025

$
Variance

%
Variance


2H FY26

1H FY26

$
Variance

%
Variance


Revenue


$






37,536







$






37,361







$






175







0.5%








$






76,705







$






73,810







$






2,895







3.9%







Gross Profit


$






11,325







$






12,226







$






(901)







(7.4)%








$






24,769







$






22,865







$






1,902







8.3%







Gross Profit Margin


 






30.2%







 






32.7%












 






32.3%







 






31.0%











Non-GAAP Gross Profit


$






11,903







$






12,289







$






(386)







(3.1)%








$






25,707







$






23,264







$






2,444







10.5%







Non-GAAP Gross Profit Margin


 






31.7%







 






32.9%












 






33.5%







 






31.5%











Operating Income (Loss)


$






56







$






(12,311)







$






12,367







(100.5)%








$






1,342







$






(137)







$






1,479







N/A







Operating Margin


 






0.1%







 






(33.0)%












 






1.7%







 






(0.2)%











Non-GAAP Operating Income


$






1,124







$






1,408







$






(284)







(20.2)%








$






3,688







$






1,906







$






1,781







93.4%







Non-GAAP Operating Income Margin


 






3.0%







 






3.8%












 






4.8%







 






2.6%











Net Income (Loss)


$






(1,134)







$






(15,600)







$






14,466







(92.7)%








$






(756)







$






(1,620)







$






864







53.3%







Non-GAAP Net Income (Loss)


$






(305)







$






419







$






(724)







(172.7)%








$






1,277







$






(59)







$






1,336







N/A







Adjusted EBITDA


$






3,306







$






2,794







$






512







18.3%








$






7,478







$






5,202







$






2,276







43.7%







Adjusted EBITDA Margin


 






8.8%







 






7.5%












 






9.7%







 






7.0%












______________________________ 



1 Non-GAAP gross profit, Non-GAAP gross profit margin, Non-GAAP operating income, Non-GAAP operating income margin, Non-GAAP net income, adjusted EBITDA and adjusted EBITDA margin are Non-GAAP financial measures.  Refer to the reconciliation of GAAP to non-GAAP measures in the tables that accompany this news release.







Compared with the prior-year period, revenue increased $0.2 million as growth in Product ID slightly exceeded lower Aerospace revenue. Tariff mitigation contributed $0.6 million in revenue and foreign currency translation was a $0.8 million benefit in the quarter.


As a result of lower volume and mix, gross profit decreased $0.9 million, or 7.4%, and gross margin contracted 250 basis points compared with the prior-year period. On an adjusted basis, gross margin contracted 120 basis points from the prior-year period to 32.9%.


Operating expenses in the quarter were $11.3 million down from $25.0 million in the prior-year period. The prior year period included a goodwill impairment charge of $13.4 million. Operating income for the quarter was $56 thousand compared with operating loss of $12.3 million in the prior-year period, while non-GAAP operating income was $1.1 million, down $0.3 million compared with the prior-year period.


Interest expense of $0.9 million was nominally unchanged from the prior-year period. Net loss of $1.1 million, or $0.15 per share, compared with net loss of $15.6 million in the prior-year period, which included a goodwill impairment charge of $13.4 million. Non-GAAP net loss was $0.3 million, or $0.04 per share. Adjusted EBITDA was $3.3 million and Adjusted EBITDA margin was 8.8%.


Beginning in the fourth quarter of fiscal 2026, the Company revised its segment reporting methodology to allocate related general and administrative expenses directly to the reportable segments, Product Identification and Aerospace. Management believes this change better reflects the true operating performance of each segment. Prior period segment results have been recast to reflect this change. The impact of this reallocation on segment operating income is presented in the segment tables that follow.


Product Identification (Product ID) Segment Review


Product ID revenue was $26.3 million for the fourth quarter of fiscal 2026, up 2.5%, or $0.7 million, compared with the prior year. Aftermarket revenue remained strong, representing approximately 80% of total segment sales.


Product ID segment operating loss was $0.2 million, an improvement from the segment operating loss of $13.1 million in the prior-year period which included the previously mentioned goodwill impairment charge. Non-GAAP segment operating loss was $0.1 million, or -0.5% of revenue.


Aerospace Segment Review


Aerospace segment revenue was $11.2 million in the fiscal 2026 fourth quarter, a decrease of 4.1%, or $0.5 million from the prior-year, primarily as a result of the timing of projects.


Despite lower sales, Aerospace segment operating profit was $2.3 million, up $0.5 million, or 24.0%, over the prior-year period as a result of improved mix.


Balance Sheet and Cash Flow


Cash from operations in the fourth quarter of fiscal 2026 was $3.7 million and was $11.7 million year to date. The improvement in cash generation in the quarter was primarily the result of reduced working capital requirements, primarily due to lower inventory.


Capital expenditures in the quarter were $139 thousand and $332 thousand for fiscal 2026 compared with $79 thousand and $1.2 million, respectively, in the prior year.


Cash at the end of the fourth quarter of fiscal 2026 was $4.1 million, down $0.9 million from the end of fiscal 2025. Debt as of January 31, 2026 was $37.6 million compared with $46.7 million as of January 31, 2025.


Bookings and Backlog by Segment


Orders in the quarter for the Product ID segment were $27.5 million, up $2.9 million compared with the prior-year period as the Company’s new go-to-market strategy gained traction. The book-to-bill ratio for the segment was 104% and backlog at the end of fiscal 2026 was $13.5 million.


Orders in the quarter for the Aerospace segment were $13.6 million for a book-to-bill ratio of 122% reflecting demand from OEMs for new-build aircraft. Backlog at the end of fiscal 2026 was $12.0 million.


Fiscal 2027 Outlook


“We are making solid progress with the improvement in our Product ID segment and are delivering on the potential of the Aerospace segment. As noted previously, a major royalty obligation for Aerospace will expire in the third quarter this year that will provide an annualized contribution to gross profit of approximately $2 million beginning in the fourth quarter. We are encouraged with our progress and believe we are creating greater opportunity for the business,” concluded Mr. Ittmann.


For fiscal 2027, AstroNova expects mid-single digit revenue growth and expanded adjusted EBITDA margin.


Earnings Conference Call Information


AstroNova will host a conference call and webcast at 8:30 a.m. ET on Tuesday, April 14, 2026, to review financial and operating results for the fourth quarter and full year of fiscal 2026. A question and answer session will follow.


To access the conference call, please dial (201) 689-8560 or find the webcast and accompanying slide presentation at https://investors.astronovainc.com/investors/events-and-presentations/default.aspx.


A telephonic replay will be available from 12:00 p.m. ET on the day of the call through Tuesday, April 28, 2026. To listen to the archived call, dial (412) 317-6671 and enter a replay PIN 13759000. The webcast replay will be available on the Investor Relations section of the Company’s website where a transcript will be posted once available.


About AstroNova, Inc.


AstroNova (Nasdaq: ALOT) is a global provider of printing technologies serving regulated and industrial markets. The Company designs, manufactures, distributes, and services solutions that enable customers to identify, track, and communicate essential product and safety information across a wide range of applications and media. AstroNova supports customers by enabling safety, accuracy and durability for flight deck communications, medical device and healthcare products, essential chemical products, and mission-critical industrial components, while ensuring compliance with local and regional regulatory requirements.


The Product Identification segment delivers end-to-end marking and identification solutions, including hardware, software, and consumables for OEMs, commercial printers, and brand owners. These solutions are used across labels, flexible packaging, corrugated, and industrial substrates, where durability, traceability, and compliance are essential. The Aerospace segment is a global leader in providing products designed for airborne printing solutions, avionics, and data acquisition, including flight deck printing solutions, networking hardware, and specialized aerospace-grade supplies. For more information please visit: www.astronovainc.com.


Use of Non-GAAP Financial Measures

In addition to financial measures prepared in accordance with generally accepted accounting principles (GAAP), this news release contains the Non-GAAP financial measures: Non-GAAP gross profit, Non-GAAP gross profit margin, Non-GAAP operating expenses, Non-GAAP operating income, Non-GAAP operating income margin, Non-GAAP net income (loss), Non-GAAP net income per Common Share - diluted, Non-GAAP segment gross profit, Non-GAAP segment gross profit margin, Non-GAAP segment operating income, Non-GAAP segment operating margin, Adjusted EBITDA and Adjusted EBITDA Margin. AstroNova believes that the inclusion of these Non-GAAP financial measures helps investors gain a meaningful understanding of changes in the Company’s core operating results and can help investors who wish to make comparisons between AstroNova and other companies on both a GAAP and a Non-GAAP basis. AstroNova’s management uses these Non-GAAP financial measures, in addition to GAAP financial measures, as the basis for measuring its core operating performance and comparing such performance to that of prior periods and to the performance of its competitors. These measures are also used by the Company’s management to assist with their financial and operating decision-making. Please refer to the financial reconciliation table included in this news release for a reconciliation of the Non-GAAP measures to the most directly comparable GAAP measures for the three months ended January 31, 2026 and 2025 as well as the years ended January 31, 2026 and 2025.


Forward-Looking Statements

Information included in this news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but rather reflect our current expectations concerning future events and results. These statements may include the use of the words “believes,” “expects,” “intends,” “plans,” “anticipates,” “likely,” “continues,” “may,” “will,” and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning the Company’s anticipated performance, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, (i) the risk that our efforts to improve sales in our Product Identification segment may not result in the benefits we expect, (ii) the risk that our Aerospace customers may not continue to convert to our ToughWriter® printer in the volumes or on the schedule that we expect; (iii) the risk that we may not realize the anticipated benefits of our next-generation print engine technology; and (iv) those factors set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2025 and subsequent filings AstroNova makes with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this news release.



ASTRONOVA, INC.


Condensed Consolidated Statements of Income (Loss)



(In thousands, except per share data)








(Unaudited)







 







 




Three Months Ended








January 31,
2026

January 31,
2025

$ Variance

% Variance


Revenue


$






37,536






 







$






37,361






 







$






175






 







0.5






%







Cost of Revenue


 






26,211






 







 






25,135






 







 






1,076






 







4.3






%







Gross Profit


 






11,325






 







 






12,226






 







 






(901






)







(7.4






)%







Total Gross Profit Margin


 






30.2






%







 






32.7






%











Operating Expenses:










Selling & Marketing


 






5,642






 







 






6,097






 







 






(455






)







(7.5






)%







Research & Development


 






1,797






 







 






1,617






 







 






180






 







11.1






%







General & Administrative


 






3,830






 







 






3,420






 







 






410






 







12.0






%







Goodwill Impairment


 






—






 







 






13,403






 







 






(13,403






)







(100.0






)%







Total Operating Expenses


 






11,269






 







 






24,537






 







 






(13,268






)







(54.1






)%







Operating Income (Loss)


 






56






 







 






(12,311






)







 






12,367






 







(100.5






)%







Total Operating Margin


 






0.1






%







 






(33.0






)%











Interest Expense


 






894






 







 






847






 







 






47






 







5.5






%







Other (Income)/Expense, net


 






(51






)







 






100






 







 






(151






)







(151.0






)%







Income (Loss) Before Taxes


 






(788






)







 






(13,258






)







 






12,470






 







(94.1






)%







Income Tax Provision (Benefit)


 






346






 







 






2,342






 







 






(1,996






)







(85.2






)%







Net Income (Loss)


$






(1,134






)







$






(15,600






)







$






14,466






 







(92.7






)%







Net Income (Loss) per Common Share - Basic


$






(0.15






)







$






(2.07






)











Net Income (Loss) per Common Share - Diluted


$






(0.15






)







$






(2.07






)



















 


Weighted Average Number of Common Shares - Basic


 






7,653






 







 






7,534






 











Weighted Average Number of Common Shares - Diluted


 






7,653






 







 






7,534






 














Twelve Months Ended








January 31,
2026

January 31,
2025

$ Variance

% Variance


Revenue


$






150,515






 







$






151,283






 







$






(768






)







(0.5






)%







Cost of Revenue


 






102,881






 







 






100,625






 







 






2,256






 







2.2






%







Gross Profit


 






47,634






 







 






50,658






 







 






(3,024






)







(6.0






)%







Total Gross Profit Margin


 






31.6






%







 






33.5






%











Operating Expenses:










Selling & Marketing


 






22,963






 







 






24,252






 







 






(1,289






)







(5.3






)%







Research & Development


 






6,788






 







 






6,047






 







 






741






 







12.3






%







General & Administrative


 






16,380






 







 






15,596






 







 






784






 







5.0






%







Goodwill Impairment


 






297






 







 






13,403






 







 






(13,106






)







(97.8






)%







Total Operating Expenses


 






46,428






 







 






59,298






 







 






(12,870






)







(21.7






)%







Operating Income (Loss)


 






1,206






 







 






(8,640






)







 






9,846






 







(114.0






)%







Total Operating Margin


 






0.8






%







 






(5.7






)%











Interest Expense


 






3,503






 







 






3,210






 







 






293






 







9.1






%







Other (Income)/Expense, net


 






239






 







 






437






 







 






(198






)







(45.3






)%







Income (Loss) Before Taxes


 






(2,536






)







 






(12,287






)







 






9,751






 







(79.4






)%







Income Tax Provision (Benefit)


 






(160






)







 






2,202






 







 






(2,362






)







(107.3






)%







Net Income (Loss)


$






(2,376






)







$






(14,489






)







$






12,113






 







(83.6






)%







Net Income (Loss) per Common Share - Basic


$






(0.31






)







$






(1.93






)











Net Income (Loss) per Common Share - Diluted


$






(0.31






)







$






(1.93






)



















 


Weighted Average Number of Common Shares - Basic


 






7,614






 







 






7,509






 











Weighted Average Number of Common Shares - Diluted


 






7,614






 







 






7,509






 













ASTRONOVA, INC.








Condensed Consolidated Balance Sheets








(In thousands)








(Unaudited)







 








January 31,
2026

January 31,
2025


ASSETS






CURRENT ASSETS






Cash and Cash Equivalents


$






4,072






 







$






5,050






 







Accounts Receivable, net


 






18,985






 







 






21,218






 







Inventories, net


 






43,252






 







 






47,894






 







Prepaid Expenses and Other Current Assets


 






4,395






 







 






3,855






 







Total Current Assets


 






70,704






 







 






78,017






 







PROPERTY, PLANT AND EQUIPMENT


 






40,400






 







 






58,613






 







Less Accumulated Depreciation


 






(26,272






)







 






(42,820






)







Property, Plant and Equipment, net


 






14,128






 







 






15,793






 







OTHER ASSETS






Identifiable Intangibles, net


 






21,496






 







 






23,519






 







Goodwill


 






17,376






 







 






16,361






 







Deferred Tax Assets, net


 






9,831






 







 






8,431






 







Right of Use Asset


 






2,466






 







 






1,781






 







Other Assets


 






1,565






 







 






1,693






 







TOTAL ASSETS


$






137,566






 







$






145,595






 







LIABILITIES AND SHAREHOLDERS’ EQUITY






CURRENT LIABILITIES






Accounts Payable


$






6,806






 







$






7,928






 







Accrued Compensation


 






4,390






 







 






3,745






 







Other Accrued Expenses


 






4,702






 







 






4,461






 







Revolving Line of Credit


 






16,273






 







 






20,929






 







Current Portion of Long-Term Debt


 






3,033






 







 






6,110






 







Short-Term Debt


 






-






 







 






581






 







Current Liability – Royalty Obligation


 






1,656






 







 






1,358






 







Current Liability – Excess Royalty Payment Due


 






331






 







 






691






 







Income Taxes Payable


 






691






 







 






-






 







Deferred Revenue


 






489






 







 






543






 







Total Current Liabilities


 






38,371






 







 






46,346






 







NON-CURRENT LIABILITIES






Long-Term Debt, net of current portion


 






18,295






 







 






19,044






 







Lease Liabilities, net of current portion


 






1,953






 







 






1,535






 







Grant Deferred Revenue


 






899






 







 






1,090






 







Royalty Obligation, net of current portion


 






145






 







 






1,106






 







Income Tax Payables


 






800






 







 






684






 







Deferred Tax Liabilities


 






-






 







 






40






 







Other Long-Term Liability


 






241






 







 






-






 







TOTAL LIABILITIES


 






60,704






 







 






69,845






 







SHAREHOLDERS’ EQUITY






Common Stock


 






554






 







 






547






 







Additional Paid-in Capital


 






66,329






 







 






64,215






 







Retained Earnings


 






47,004






 







 






49,380






 







Treasury Stock


 






(35,227






)







 






(35,043






)







Accumulated Other Comprehensive Loss, net of tax


 






(1,798






)







 






(3,349






)







TOTAL SHAREHOLDERS’ EQUITY


 






76,862






 







 






75,750






 







TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY


$






137,566






 







$






145,595






 









ASTRONOVA, INC.








Condensed Consolidated Statements of Cash Flow – Three Months








(In thousands)








(Unaudited)







  




Three Months Ended




January 31, 2026

January 31, 2025


Cash Flows from Operating Activities:






Net Income (Loss)


$






(1,134






)







$






(15,599






)







Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:






Depreciation and Amortization


 






1,379






 







 






1,266






 







Grant Income Included in Depreciation


 






155






 







 






51






 







Goodwill Impairment


 






-






 







 






13,403






 







Amortization of Debt Issuance Costs


 






10






 







 






8






 







Share-Based Compensation


 






751






 







 






219






 







Deferred Income Tax Provision (Benefit)


 






(1,238






)







 






874






 







Loss on Disposal of Fixed Assets


 






3






 







 






-






 







Changes in Assets and Liabilities:






Accounts Receivable


 






1,566






 







 






1,240






 







Inventories


 






2,129






 







 






236






 







Income Taxes


 






1,764






 







 






630






 







Accounts Payable and Accrued Expenses


 






(758






)







 






(8






)







Deferred Revenue


 






(519






)







 






(440






)







Other


 






(434






)







 






645






 







Net Cash Provided by Operating Activities


$






3,673






 







$






2,525






 











 


Cash Flows from Investing Activities:






Proceeds from Sale of Equipment


 






13






 







 






-






 







Purchases of Property, Plant and Equipment


 






(139






)







 






(79






)







Cash Paid for MTEX Acquisition, net of cash acquired


 






-






 







 






-






 







Net Cash Used for Investing Activities


$






(126






)







$






(79






)











 


Cash Flows from Financing Activities:






Net Cash Proceeds from Employee Stock Option Plans


 






-






 







 






-






 







Net Cash Proceeds from Share Purchases under Employee Stock Purchase Plan


 






-






 







 






48






 







Net Cash Used for Payment of Taxes Related to Vested Restricted Stock


 






(1






)







 






(18






)







Revolving Credit Facility, net


 






(1,981






)







 






734






 







Proceeds from Long Term Debt Borrowings


 






-






 







 






-






 







Payment of Minimum Guarantee Royalty Obligation


 






(279






)







 






(655






)







Principal Payments of Long-Term Debt


 






(864






)







 






(2,274






)







Payments of Debt Issuance Costs


 






-






 







 






3






 







Net Cash Provided by (Used for) Financing Activities


$






(3,125






)







$






(2,163






)











 


Effect of Exchange Rate Changes on Cash and Cash Equivalents


 






44






 







 






336






 







Net Increase in Cash and Cash Equivalents


$






466






 







$






618






 







Cash and Cash Equivalents, Beginning of Period


 






3,606






 







 






4,432






 







Cash and Cash Equivalents, End of Period


$






4,072






 







$






5,050






 











 


Supplemental Information:






Cash Paid During the Period for:






Interest


$






751






 







$






810






 







Income Taxes, net of refunds


 






13






 







 






707






 







Non-Cash Transactions:






Operating Lease Obtained in Exchange for Operating Lease Liabilities


$






89






 







$






-






 









ASTRONOVA, INC.








Condensed Consolidated Statements of Cash Flow – Twelve Months








(In thousands)








(Unaudited)







 




Twelve Months Ended




January 31, 2026

January 31, 2025


Cash Flows from Operating Activities:






Net Income (Loss)


$






(2,376






)







$






(14,489






)







Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:






Depreciation and Amortization


 






4,804






 







 






4,780






 







Grant Income Included in Depreciation


 






330






 







 






159






 







Goodwill Impairment


 






297






 







 






13,403






 







Amortization of Debt Issuance Costs


 






43






 







 






30






 







Share-Based Compensation


 






2,310






 







 






1,378






 







Deferred Income Tax Provision (Benefit)


 






(1,312






)







 






874






 







Loss on Disposal of Fixed Assets


 






115






 







 






-






 







Changes in Assets and Liabilities:






Accounts Receivable


 






2,786






 







 






2,859






 







Inventories


 






5,909






 







 






1,616






 







Income Taxes


 






663






 







 






(904






)







Accounts Payable and Accrued Expenses


 






(1,125






)







 






(2,379






)







Deferred Revenue


 






(420






)







 






(1,520






)







Other


 






(286






)







 






(959






)







Net Cash Provided by Operating Activities


$






11,738






 







$






4,848






 











 


Cash Flows from Investing Activities:






Proceeds from Sale of Equipment


 






113






 







 






-






 







Purchases of Property, Plant and Equipment


 






(332






)







 






(1,165






)







Cash Paid for MTEX Acquisition, net of cash acquired


 






-






 







 






(19,109






)







Net Cash Used for Investing Activities


$






(219






)







$






(20,274






)











 


Cash Flows from Financing Activities:






Net Cash Proceeds from Employee Stock Option Plans


 






-






 







 






12






 







Net Cash Proceeds from Share Purchases under Employee Stock Purchase Plan


 






51






 







 






146






 







Net Cash Used for Payment of Taxes Related to Vested Restricted Stock


 






(184






)







 






(450






)







Revolving Credit Facility, net


 






(5,158






)







 






11,508






 







Proceeds from Long Term Debt Borrowings


 






19,720






 







 






15,078






 







Payment of Minimum Guarantee Royalty Obligation


 






(1,238






)







 






(1,902






)







Principal Payments of Long-Term Debt


 






(25,982






)







 






(8,980






)







Payments of Debt Issuance Costs


 






(66






)







 






(34






)







Net Cash Provided by (Used for) Financing Activities


$






(12,857






)







$






15,378






 











 


Effect of Exchange Rate Changes on Cash and Cash Equivalents


 






360






 







 






571






 







Net (Decrease) Increase in Cash and Cash Equivalents


$






(978






)







$






523






 







Cash and Cash Equivalents, Beginning of Period


 






5,050






 







 






4,527






 







Cash and Cash Equivalents, End of Period


$






4,072






 







$






5,050






 











 


Supplemental Information:






Cash Paid During the Period for:






Interest


$






3,043






 







$






2,701






 







Income Taxes, net of refunds


 






634






 







 






2,210






 







Non-Cash Transactions:






Operating Lease Obtained in Exchange for Operating Lease Liabilities


$






1,075






 







$






1,581






 








ASTRONOVA, INC.


Segment Sales and Profit


(Unaudited, $ in thousands)



 












 




Three Months
Ended

Twelve Months
Ended


($ in thousands)

January 31,
2026

January 31,
2025

January 31,
2026

January 31,
2025


Revenue:










Product ID


$






26,330






 







$






25,678






 







$






104,221






 







$






102,345






 







Aerospace


 






11,206






 







 






11,683






 







 






46,294






 







 






48,938






 







Total Revenue


$






37,536






 







$






37,361






 







$






150,515






 







$






151,283






 















 


Gross Profit:










Product ID


$






7,088






 







$






8,237






 







$






29,837






 







$






32,571






 







Aerospace


 






4,237






 







 






3,989






 







 






17,797






 







 






18,087






 







Gross Profit


$






11,325






 







$






12,226






 







$






47,634






 







$






50,658






 















 


Gross Profit Margin:










Product ID


 






26.9






%







 






32.1






%







 






28.6






%







 






31.8






%







Aerospace


 






37.8






%







 






34.1






%







 






38.4






%







 






37.0






%







Gross Profit Margin


 






30.2






%







 






32.7






%







 






31.6






%







 






33.5






%















 


Segment Operating Income:










Product ID


$






(234






)







$






(13,076






)







$






(472






)







$






(11,860






)







Aerospace


 






2,337






 







 






1,885






 







 






9,763






 







 






9,087






 







Total Segment Operating Income


$






2,103






 







$






(11,191






)







$






9,291






 







$






(2,773






)















 


Segment Operating Margin:










Product ID


 






-0.9






%







 






-50.9






%







 






-0.5






%







 






-11.6






%







Aerospace


 






20.9






%







 






16.1






%







 






21.1






%







 






18.6






%







Total Segment Operating Margin


 






5.6






%







 






-30.0






%







 






6.2






%







 






-1.8






%















 


Corporate Expense


 






(2,049






)







 






(1,120






)







 






(8,085






)







 






(5,867






)







Operating Income (Loss)


$






54






 







$






(12,311






)







$






1,206






 







$






(8,640






)







Interest Expense


$






894






 







$






847






 







$






3,503






 







$






3,210






 







Other (Income)/Expense, net


 






(51






)







 






100






 







 






239






 







 






437






 







Income (Loss) Before Income Taxes


$






(788






)







$






(13,259






)







$






(2,536






)







$






(12,287






)







Income Tax Provision (Benefit)


 






346






 







 






2,342






 







 






(160






)







 






2,202






 







Net Income (Loss)


$






(1,134






)







$






(15,600






)







$






(2,376






)







$






(14,489






)








ASTRONOVA, INC.


Segment Sales and Non-GAAP Profit


(Unaudited, $ in thousands)



 












 




Three Months
Ended

Twelve Months
Ended


($ in thousands)

January 31,
2026

January 31,
2025

January 31,
2026

January 31,
2025


Revenue:










Product ID


$






26,330






 







$






25,678






 







$






104,221






 







$






102,345






 







Aerospace


 






11,206






 







 






11,683






 







 






46,294






 







 






48,938






 







Total Revenue


$






37,536






 







$






37,361






 







$






150,515






 







$






151,283






 















 


Non-GAAP Gross Profit:










Product ID


$






7,356






 







$






8,296






 







$






31,010






 







$






32,770






 







Aerospace


 






4,547






 







 






3,989






 







 






17,961






 







 






18,087






 







Non-GAAP Gross Profit


$






11,903






 







$






12,285






 







$






48,971






 







$






50,857






 















 


Non-GAAP Gross Profit Margin:










Product ID


 






27.9






%







 






32.3






%







 






29.8






%







 






32.0






%







Aerospace


 






40.6






%







 






34.1






%







 






38.8






%







 






37.0






%







Non-GAAP Gross Profit Margin


 






31.7






%







 






32.9






%







 






32.5






%







 






33.6






%















 


Non-GAAP Segment Operating Income:










Product ID


$






(124






)







$






647






 







$






1,542






 







$






2,966






 







Aerospace


 






2,648






 







 






1,886






 







 






9,934






 







 






9,088






 







Total Non-GAAP Segment Operating Income


$






2,524






 







$






2,533






 







$






11,476






 







$






12,054






 















 


Non-GAAP Segment Operating Margin:










Product ID


 






-0.5






%







 






2.5






%







 






1.5






%







 






2.9






%







Aerospace


 






23.6






%







 






16.1






%







 






21.5






%







 






18.6






%







Total Non-GAAP Segment Operating Margin


 






6.7






%







 






6.8






%







 






7.6






%







 






8.0






%















 


Corporate Expense


 






(1,400






)







 






(1,123






)







 






(5,882






)







 






(5,437






)







Non-GAAP Operating Income


$






1,124






 







$






1,409






 







$






5,594






 







$






6,617






 







Interest Expense


$






894






 







$






847






 







$






3,503






 







$






3,210






 







Other (Income)/Expense, net


 






(51






)







 






100






 







 






28






 







 






437






 







Income Before Income Taxes


$






281






 







$






462






 







$






2,063






 







$






2,970






 







Adjusted Income Tax Provision (Benefit)


 






586






 







 






43






 







 






845






 







 






284






 







Non-GAAP Net Income


$






(305






)







$






419






 







$






1,218






 







$






2,686






 








ASTRONOVA, INC.


Revenue by Market



(unaudited, $ in thousands)








 







Product ID:

Q1 FY25
 
Q2 FY25
 
Q3 FY25
 
Q4 FY25
 
FY2025
 
Q1 FY26
 
Q2 FY26
 
Q3 FY26
 
Q4 FY26
 
FY2026



Desktop Label Printers


$






14,220





 

$






16,349





 

$






15,408





 

$






14,019





 

$






59,996





 

$






15,478





 

$






15,190





 

$






16,115





 

 






15,041





 

 






61,824








Mail & Sheet/Flat Pack Printers


 






3,930





 

 






3,471





 

 






3,679





 

 






4,494





 

 






15,574





 

 






4,050





 

 






3,740





 

 






4,280





 

 






4,138





 

 






16,208








Professional Label Printers


 






3,245





 

 






4,231





 

 






3,423





 

 






2,972





 

 






13,871





 

 






3,247





 

 






3,506





 

 






3,636





 

 






3,863





 

 






14,252








Direct to Package/Overprint Printers


 






1,787





 

 






2,925





 

 






3,627





 

 






2,718





 

 






11,057





 

 






3,396





 

 






2,230





 

 






2,371





 

 






2,579





 

 






10,576








Flexible Packaging Printers


 






-





 

 






-





 

 






15





 

 






1,289





 

 






1,304





 

 






30





 

 






69





 

 






79





 

 






38





 

 






216








Other


 






3





 

 






189





 

 






165





 

 






186





 

 






543





 

 






88





 

 






19





 

 






368





 

 






670





 

 






1,145








TOTAL


$






23,185





 

$






27,165





 

$






26,317





 

$






25,678





 

$






102,345





 

$






26,289





 

$






24,754





 

$






26,849





 

 






26,330





 

 






104,221







 



 

 

 

 

 

 

 

 

 



Aerospace:

Q1 FY25
 
Q2 FY25
 
Q3 FY25
 
Q4 FY25
 
FY2025
 
Q1 FY26*
 
Q2 FY26
 
Q3 FY26
 
Q4 FY26
 
FY2026



Commercial Aircraft


 






3,813





 

 






6,299





 

 






5,221





 

 






4,363





 

 






19,696





 

 






4,953





 

 






4,714





 

 






5,764





 

 






5,030





 

 






20,461








Aftermarket


$






4,694





 

$






5,326





 

$






7,058





 

$






5,481





 

$






22,559





 

$






4,911





 

$






4,953





 

$






4,955





 

$






4,831





 

$






19,650








Defense


 






329





 

 






608





 

 






734





 

 






781





 

 






2,452





 

 






811





 

 






1,047





 

 






766





 

 






885





 

 






3,509








Regional and Biz Jet Aircraft


 






697





 

 






604





 

 






993





 

 






802





 

 






3,096





 

 






396





 

 






431





 

 






634





 

 






195





 

 






1,656








Other


 






243





 

 






537





 

 






99





 

 






256





 

 






1,135





 

 






348





 

 






203





 

 






201





 

 






266





 

 






1,018








TOTAL


$






9,776





 

$






13,374





 

$






14,105





 

$






11,683





 

$






48,938





 

$






11,419





 

$






11,348





 

$






12,320





 

$






11,206





 

$






46,294







 



 

 

 

 

 

 

 

 

 




Consolidated Total


$






32,961





 

$






40,539





 

$






40,422





 

$






37,361





 

$






151,283





 

$






37,708





 

$






36,102





 

$






39,169





 

 






37,536





 

 






150,515







 



 

 

 

 

 

 

 

 

 



*Q1 fiscal 2026 revenue by market has been revised from amount previously reported in our Q1 fiscal 2026 press release issued on June 5, 2025, to correct a classification error between market categories. Total Q1 fiscal sales were unaffected.



ASTRONOVA, INC.


Revenue by Type


(Unaudited, $ in thousands)


 


 

 

 

 

 

 

 

 

 
 


Product ID
Q1 FY25
 
Q2 FY25
 
Q3 FY25
 
Q4 FY25
 
FY 2025
 
Q1 FY26
 
Q2 FY26
 
Q3 FY26
 
Q4 FY26
 
FY 2026



Product ID HW

$






3,802





 

$






4,311





 

$






4,590





 

$






5,591





 

$






18,294





 

$






4,776





 

$






4,511





 

$






5,357





 

$






5,332





 

$






19,976








Product ID Recurring Supplies, Parts & Service

 






19,383





 

 






22,854





 

 






21,727





 

 






20,087





 

 






84,051





 

 






21,513





 

 






20,243





 

 






21,492





 

 






20,997





 

 






84,245








Total Product ID

$






23,185





 

$






27,165





 

$






26,317





 

$






25,678





 

$






102,345





 

$






26,289





 

$






24,754





 

$






26,849





 

$






26,330





 

$






104,221







Aerospace

 

 

 

 

 

 

 

 

 




Aerospace HW

$






5,073





 

$






8,048





 

$






7,032





 

$






6,185





 

$






26,338





 

$






6,519





 

$






6,425





 

$






7,360





 

$






6,369





 

$






26,673








Aerospace Recurring Supplies, Parts & Service

 






4,703





 

 






5,326





 

 






7,073





 

 






5,498





 

 






22,600





 

 






4,900





 

 






4,923





 

 






4,960





 

 






4,838





 

 






19,621








Total Aerospace

$






9,776





 

$






13,374





 

$






14,105





 

$






11,683





 

$






48,938





 

$






11,419





 

$






11,348





 

$






12,320





 

$






11,206





 

$






46,294







Consolidated

 

 

 

 

 

 

 

 

 




AstroNova HW

$






8,875





 

$






12,359





 

$






11,622





 

$






11,776





 

$






44,632





 

$






11,295





 

$






10,936





 

$






12,717





 

$






11,701





 

$






46,649








AstroNova Recurring Supplies, Parts & Service

 






24,086





 

 






28,180





 

 






28,800





 

 






25,585





 

 






106,651





 

 






26,413





 

 






25,166





 

 






26,452





 

 






25,835





 

 






103,866








TOTAL

$






32,961





 

$






40,539





 

$






40,422





 

$






37,361





 

$






151,283





 

$






37,708





 

$






36,102





 

$






39,169





 

$






37,536





 

$






150,515








ASTRONOVA, INC.


Bookings and Backlog


(Unaudited, $ in thousands)


 









 


AstroNova




Q1 FY25






Q2 FY25






Q3 FY25






Q4 FY25






FY 2025






Q1 FY26






Q2 FY26






Q3 FY26






Q4 FY26






FY 2026







Beginning backlog (Non-MTEX)

$






31,394






 






$






31,556






 






$






29,900






 






$






27,093






 






$






31,394






 






$






28,307






 






$






25,491






 






$






25,291






 






$






21,989






 






$






28,307






 







MTEX*

$






-






 






$






3,084






 






$






-






 






$






-






 






$






3,084






 






$






-






 






$






-






 






$






-






 






$






-






 






$






-






 







Backlog Beg. of Period (incl. MTEX)

$






31,394






 






$






34,640






 






$






29,900






 






$






27,093






 






$






34,478






 






$






28,307






 






$






25,491






 






$






25,291






 






$






21,989






 






$






28,307






 







Revenue Recognized (Billings)

$






32,961






 






$






40,539






 






$






40,422






 






$






37,361






 






$






151,283






 






$






37,708






 






$






36,102






 






$






39,169






 






$






37,536






 






$






150,515






 







New Bookings During Period

$






33,122






 






$






35,799






 






$






37,615






 






$






38,576






 






$






145,112






 






$






34,893






 






$






35,901






 






$






35,867






 






$






41,077






 






$






147,738






 







Backlog End of Period

$






31,556






 






$






29,900






 






$






27,093






 






$






28,307






 






$






28,307






 






$






25,491






 






$






25,291






 






$






21,989






 






$






25,530






 






$






25,530






 







Book/Bill %

 






100






%






 






88






%






 






93






%






 






103






%






 






96






%






 






93






%






 






99






%






 






92






%






 






109






%






 






96






%







*MTEX Backlog was acquired during 2nd quarter fiscal 2025


 









 


Product Identification




Q1 FY25






Q2 FY25






Q3 FY25






Q4 FY25






FY 2025






Q1 FY26






Q2 FY26






Q3 FY26






Q4 FY26






FY 2026







Beginning backlog (Non-MTEX)

$






19,725






 






$






19,467






 






$






18,786






 






$






19,254






 






$






19,725






 






$






18,091






 






$






18,044






 






$






16,727






 






$






12,351






 






$






18,091






 







MTEX*

$






-






 






$






3,084






 






$






-






 






$






-






 






$






3,084






 






$






-






 






$






-






 






$






-






 






$






-






 






$






-






 







Backlog Beg. of Period (incl. MTEX)

$






19,725






 






$






22,551






 






$






18,786






 






$






19,254






 






$






22,809






 






$






18,091






 






$






18,044






 






$






16,727






 






$






12,351






 






$






18,091






 







Revenue Recognized (Billings)

$






23,185






 






$






27,165






 






$






26,317






 






$






25,678






 






$






102,345






 






$






26,289






 






$






24,754






 






$






26,849






 






$






26,330






 






$






104,221






 







New Bookings During Period

$






22,926






 






$






23,400






 






$






26,785






 






$






24,516






 






$






97,627






 






$






26,242






 






$






23,437






 






$






22,473






 






$






27,460






 






$






99,612






 







Backlog End of Period

$






19,467






 






$






18,786






 






$






19,254






 






$






18,091






 






$






18,091






 






$






18,044






 






$






16,727






 






$






12,351






 






$






13,484






 






$






13,482






 







Book/Bill %

 






99






%






 






86






%






 






102






%






 






95






%






 






95






%






 






100






%






 






95






%






 






84






%






 






104






%






 






95






%







*MTEX Backlog was acquired during 2nd quarter fiscal 2025


 









 


Aerospace




Q1 FY25






Q2 FY25






Q3 FY25






Q4 FY25






FY 2025






Q1 FY26






Q2 FY26






Q3 FY26






Q4 FY26






FY 2025







Backlog Beginning of Period

$






11,669






 






$






12,089






 






$






11,114






 






$






7,839






 






$






11,669






 






$






10,216






 






$






7,447






 






$






8,563






 






$






9,638






 






$






10,216






 







Revenue Recognized (Billings)

$






9,776






 






$






13,374






 






$






14,105






 






$






11,683






 






$






48,938






 






$






11,419






 






$






11,348






 






$






12,320






 






$






11,206






 






$






46,294






 







New Bookings During Period

$






10,196






 






$






12,399






 






$






10,830






 






$






14,060






 






$






47,485






 






$






8,651






 






$






12,464






 






$






13,394






 






$






13,617






 






$






48,126






 







Backlog End of Period

$






12,089






 






$






11,114






 






$






7,839






 






$






10,216






 






$






10,216






 






$






7,447






 






$






8,563






 






$






9,638






 






$






12,047






 






$






12,048






 







Book/Bill %

 






104






%






 






93






%






 






77






%






 






120






%






 






97






%






 






76






%






 






110






%






 






109






%






 






122






%






 






97






%









ASTRONOVA, INC.








Segment Sales and Profit – Historical Quarterly Summary (Recast)








(unaudited, $ in thousands)







 


 





FY24

Q1
Q2
Q3
Q4
FY25

Q1
Q2
Q3
Q4
FY26


Aerospace

Revenue

$






44,045






 







9,776






 






13,374






 






14,105






 






11,683






 






$






48,938






 







11,419






 






11,348






 






12,320






 






11,206






 






$






46,294






 








Gross profit

$






15,900






 







3,456






 






5,548






 






5,093






 






3,989






 






$






18,087






 







3,719






 






3,721






 






6,121






 






4,236






 






$






17,797






 








Gross Profit Margin

 






36.1






%







35.4






%






41.5






%






36.1






%






34.1






%






 






37.0






%







32.6






%






32.8






%






49.7






%






37.8






%






 






38.4






%








Operating Expenses:
















Selling & Marketing

$






3,433






 







904






 






899






 






913






 






822






 






$






3,537






 







481






 






911






 






1,095






 






772






 






$






3,260






 








Research & Development

$






2,347






 







801






 






781






 






877






 






785






 






$






3,243






 







652






 






603






 






710






 






656






 






$






2,621






 








General & Administrative

$






1,881






 







644






 






567






 






512






 






497






 






$






2,220






 







606






 






540






 






536






 






471






 






$






2,154






 








Total Operating Expenses

$






7,661






 







2,348






 






2,246






 






2,301






 






2,104






 






$






9,000






 







1,739






 






2,055






 






2,341






 






1,899






 






$






8,034






 





















 



Aerospace Operating Income

$






8,240






 







1,108






 






3,302






 






2,792






 






1,885






 






$






9,087






 







1,980






 






1,666






 






3,780






 






2,338






 






$






9,763






 








Aerospace Operating Margin

 






18.7






%







11.3






%






24.7






%






19.8






%






16.1






%






 






18.6






%







17.3






%






14.7






%






30.7






%






20.9






%






 






21.1






%









Non-GAAP

















Aerospace Adjusted EBITDA1

$






10,239






 







1,519






 






3,719






 






3,193






 






2,279






 






$






10,710






 







2,566






 






2,081






 






3,911






 






3,104






 






$






11,662






 









Adjusted EBITDA Margin1

 






23.2






%







15.5






%






27.8






%






22.6






%






19.5






%






 






21.9






%







22.5






%






18.3






%






31.7






%






27.7






%






 






25.2






%







 














 





FY24

Q1
Q2
Q3
Q4
FY25

Q1
Q2
Q3
Q4
FY26


Product ID

Revenue

$






104,041






 







23,185






 






27,165






 






26,317






 






25,679






 






$






102,345






 







26,289






 






24,754






 






26,849






 






26,330






 






$






104,221






 








Gross profit

$






33,604






 







8,002






 






8,315






 






8,015






 






8,236






 






$






32,570






 







8,232






 






7,194






 






7,323






 






7,088






 






$






29,838






 








Gross Profit Margin

 






32.3






%







34.5






%






30.6






%






30.5






%






32.1






%






 






31.8






%







31.3






%






29.1






%






27.3






%






26.9






%






 






28.6






%








Operating Expenses:
















Selling & Marketing

$






19,971






 







4,436






 






5,567






 






5,438






 






5,274






 






$






20,715






 







5,124






 






4,935






 






4,773






 






4,870






 






$






19,703






 








Research & Development

$






3,994






 







670






 






507






 






795






 






832






 






$






2,804






 







877






 






961






 






1,188






 






1,141






 






$






4,167






 








General & Administrative

$






4,314






 







1,447






 






2,363






 






1,896






 






15,206






 






$






20,911






 







1,971






 






1,490






 






1,667






 






1,310






 






$






6,439






 








Total Operating Expenses

$






28,280






 







6,553






 






8,437






 






8,128






 






21,312






 






$






44,430






 







7,973






 






7,387






 






7,628






 






7,323






 






$






30,310






 





















 



Product ID Operating Income

$






5,325






 







1,449






 






(121






)






(112






)






(13,076






)






$






(11,860






)







259






 






(192






)






(304






)






(234






)






$






(472






)








Product ID Operating Margin

 






5.1






%







6.2






%






-0.4






%






-0.4






%






-50.9






%






 






-11.6






%







1.0






%






-0.8






%






-1.1






%






-0.9






%






 






-0.5






%









Non-GAAP

















Product ID Adjusted EBITDA1

$






11,156






 







2,046






 






1,619






 






1,269






 






1,615






 






$






6,550






 







1,902






 






870






 






1,371






 






1,095






 






$






5,238






 









Adjusted EBITDA Margin1

 






10.7






%







8.8






%






6.0






%






4.8






%






6.3






%






 






6.4






%







7.2






%






3.5






%






5.1






%






4.2






%






 






5.0






%







 














 




Corporate Expense

$






4,768






 







1,211






 






2,120






 






1,416






 






1,120






 






$






5,867






 







1,668






 






2,181






 






2,187






 






2,049






 






$






8,086






 







 














 


Consolidated

Consolidated Operating Income

 






8,796






 







1,346






 






1,061






 






1,264






 






(12,311






)






 






(8,640






)







571






 






(708






)






1,288






 






55






 






 






1,206






 








Consolidated Operating Margin

 






5.9






%







4.1






%






2.6






%






3.1






%






-33.0






%






 






-5.7






%







1.5






%






-2.0






%






3.3






%






0.1






%






 






0.8






%








Non-GAAP
















Adjusted EBITDA1

$






17,601






 







2,463






 






3,849






 






3,230






 






2,793






 






$






12,336






 







3,146






 






2,056






 






4,173






 






3,306






 






$






12,681






 








Adjusted EBITDA Margin1

 






11.9






%







7.5






%






9.5






%






8.0






%






7.5






%






 






8.2






%







8.3






%






5.7






%






10.7






%






8.8






%






 






8.4






%







 














 


 



1Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP metrics. Please refer to the reconciliation of GAAP to non-GAAP metrics in the tables that accompany this news release.








ASTRONOVA, INC.


Reconciliation of GAAP to Non-GAAP Items



(Unaudited, $ in thousands)








  













Three Months Ended


Twelve Months Ended


2H Fiscal 2026 and 1H Fiscal 2026




January 31,
2026

January 31,
2025


January 31,
2026

January 31,
2025


2H FY26

1H FY26
















 


Revenue


$






37,536






 







$






37,361






 








$






150,515






 







$






151,283






 








$






76,705






 







$






73,810






 







 













 


Gross Profit


$






11,324






 







$






12,227






 








$






47,634






 







$






50,658






 








$






24,769






 







$






22,866






 







Inventory Step-Up


 






-






 







 






62






 








 






61






 







 






216






 








 






-






 







 






61






 







Inventory Provision


 






365






 







 






-






 








 






724






 







 






-






 








 






724






 









Restructuring Charges


 






29






 







 






-






 








 






367






 







 






-






 








 






30






 







 






337






 







Product Retrofit Costs


 






185






 







 






-






 








 






185






 







 






-






 








 






185






 









Non-GAAP Gross Profit


$






11,903






 







$






12,289






 








$






48,971






 







$






50,874






 








$






25,708






 







$






23,264






 







Gross Profit Margin


 






30.2






%







 






32.7






%








 






31.6






%







 






33.5






%








 






32.3






%







 






31.0






%







Non-GAAP Gross Profit Margin


 






31.7






%







 






32.9






%








 






32.5






%







 






33.6






%








 






33.5






%







 






31.5






%







 













 


Operating Expenses


$






11,270






 







$






24,538






 








$






46,428






 







$






59,298






 








$






23,426






 







$






23,003






 







MTEX-related Acquisition Expenses


 






-






 







 






(254






)








 






(311






)







 






(1,204






)








 






-






 







 






(311






)







CFO Transition Costs


 






-






 







 






-






 








 






-






 







 






(432






)








 






-






 







 






-






 







Restructuring Charges


 






(23






)







 






-






 








 






(990






)







 






-






 








 






(81






)







 






(910






)







Non-Recurring Legal Expenses


 






(258






)







 






-






 








 






(715






)







 






-






 








 






(646






)







 






(69






)







Non-Recurring Proxy Costs


 






(210






)







 






-






 








 






(738






)







 






-






 








 






(383






)







 






(355






)







Goodwill Impairment


 






-






 







 






(13,403






)








 






(297






)







 






(13,403






)








 






(297






)









Non-GAAP Operating Expenses


$






10,779






 







$






10,881






 








$






43,377






 







$






44,259






 








$






22,019






 







$






21,358






 







 













 


Operating Income (Loss)


$






54






 







$






(12,311






)








$






1,206






 







$






(8,640






)








$






1,342






 







$






(137






)







MTEX-related Acquisition Expenses


 






-






 







 






254






 








 






311






 







 






1,204






 








 






-






 







 






311






 







CFO Transition Costs


 






-






 







 






-






 








 






-






 







 






432






 








 






-






 







 






-






 







Inventory Step-Up


 






-






 







 






62






 








 






61






 







 






216






 








 






-






 







 






61






 







Inventory Provision


 






365






 







 






-






 








 






724






 







 






-






 








 






724






 









Restructuring Charges


 






52






 







 






-






 








 






1,357






 







 






-






 








 






110






 







 






1,247






 







Product Retrofit Costs


 






185






 







 






-






 








 






185






 







 






-






 








 






186






 









Non-Recurring Legal Expenses


 






258






 







 






-






 








 






715






 







 






-






 








 






646






 







 






69






 







Non-Recurring Proxy Costs


 






210






 







 






-






 








 






738






 







 






-






 








 






383






 







 






355






 







Goodwill Impairment


 






-






 







 






13,403






 








 






297






 







 






13,403






 








 






297






 









Non-GAAP Operating Income


$






1,124






 







$






1,408






 








$






5,594






 







$






6,615






 








$






3,688






 







$






1,906






 







Operating Income Margin


 






0.1






%







 






-33.0






%








 






0.8






%







 






-5.7






%








 






1.7






%







 






-0.2






%







Non-GAAP Operating Income Margin


 






3.0






%







 






3.8






%








 






3.7






%







 






4.4






%








 






4.8






%







 






2.6






%







 













 


Net Income (Loss)


$






(1,134






)







$






(15,600






)








$






(2,376






)







$






(14,489






)








$






(756






)







$






(1,620






)







MTEX-related Acquisition Expenses(1)


 






-






 







 






197






 








 






237






 







 






910






 








 






-






 







 






237






 







CFO Transition Costs, net(1)


 






-






 







 






(4






)








 






-






 







 






328






 








 






-






 







 






-






 







Inventory Step-Up(1)


 






-






 







 






50






 








 






49






 







 






161






 








 






-






 







 






49






 







Inventory Provision(1)


 






292






 







 






-






 








 






565






 







 






-






 








 






565






 







 






-






 







Restructuring Charges(1)


 






41






 







 






-






 








 






1,030






 







 






-






 








 






80






 







 






950






 







Product Retrofit Costs(1)


 






148






 







 






-






 








 






148






 







 






-






 








 






148






 







 






-






 







Non-Recurring Legal Expenses(1)


 






189






 







 






-






 








 






542






 







 






-






 








 






489






 







 






53






 







Non-Recurring Proxy Costs(1)


 






160






 







 






-






 








 






561






 







 






-






 








 






289






 







 






272






 







Realized Fx(1)


 






-






 







 






-






 








 






80






 







 






-






 








 






80






 







 






-






 







Other (Income) and Expense(1)


 






-






 







 






-






 








 






85






 







 






-






 








 






85






 







 






-






 







Goodwill Impairment


 






-






 







 






13,403






 








 






297






 







 






13,403






 








 






297






 







 






-






 







Tax Provision Valuation Allowance


 






-






 







 






2,373






 








 






-






 







 






2,373






 








 






-






 







 






-






 







Non-GAAP Net Income (Loss)


$






(305






)







$






419






 








$






1,218






 







$






2,686






 








$






1,277






 







$






(59






)







 













 


Diluted Earnings (Loss) Per Share


$






(0.15






)







$






(2.07






)








$






(0.31






)







$






(1.93






)








$






(0.10






)







$






(0.21






)







MTEX-related Acquisition Expenses(1)


 






-






 







 






0.03






 








 






0.03






 







 






0.12






 








 






-






 







 






0.03






 







CFO Transition Costs, net(1)


 






-






 







 






(0.00






)








 






-






 







 






0.04






 








 






-






 







 






-






 







Inventory Step-Up(1)


 






-






 







 






0.01






 








 






0.01






 







 






0.02






 








 






-






 







 






0.01






 







Inventory Provision(1)


 






0.04






 







 






-






 








 






0.07






 







 






-






 








 






0.07






 







 






-






 







Restructuring Charges(1)


 






0.01






 







 






-






 








 






0.14






 







 






-






 








 






0.01






 







 






0.13






 







Product Retrofit Costs(1)


 






0.02






 







 






-






 








 






0.02






 







 






-






 








 






0.02






 







 






-






 







Non-Recurring Legal Expenses(1)


 






0.02






 







 






-






 








 






0.07






 







 






-






 








 






0.06






 







 






0.01






 







Non-Recurring Proxy Costs(1)


 






0.02






 







 






-






 








 






0.07






 







 






-






 








 






0.04






 







 






0.04






 







Realized Fx(1)


 






-






 







 






-






 








 






0.01






 







 






-






 








 






0.01






 







 






-






 







Other (Income) and Expense(1)


 






-






 







 






-






 








 






0.01






 







 






-






 








 






0.01






 







 






-






 







Goodwill Impairment(1)


 






-






 







 






1.78






 








 






0.04






 







 






1.76






 








 






0.04






 







 






-






 







Tax Provision Valuation Allowance


 






-






 







 






0.31






 








 






-






 







 






0.31






 








 






-






 







 






-






 







Non-GAAP Diluted Earnings (Loss) Per Share


$






(0.04






)







$






0.06






 








$






0.16






 







$






0.32






 








$






0.16






 







$






(0.01






)







  













 


(1) Net of taxes




ASTRONOVA, INC.








Reconciliation of Net Income and Margin to Adjusted EBITDA and Margin








(Unaudited, $ in thousands)







 






 



Three Months Ended








January 31,
2026
January 31,
2025







 






 


Net Income (Loss)

$






(1,134






)






$






(15,600






)












Interest Expense

 






894






 






 






847






 












Income Tax Expense (Benefit)

 






346






 






 






2,342






 












Depreciation & Amortization

 






1,379






 






 






1,266






 












EBITDA

$






1,485






 






$






(11,145






)












Share-Based Compensation

 






752






 






 






219






 












MTEX-related Acquisition Expenses

 






-






 






 






259






 












CFO Transition Costs

 






-






 






 






(5






)












Inventory Step-Up

 






-






 






 






62






 












Inventory Provision

 






365






 






 






-






 












Restructuring Charges

 






52






 






 






-






 












Product Retrofit Costs

 






185






 






 






-






 












Non-Recurring Legal Expenses

 






258






 






 






-






 












Non-Recurring Proxy Costs

 






210






 






 






-






 












Goodwill Impairment

 






-






 






 






13,403






 












Adjusted EBITDA

$






3,306






 






$






2,794






 












Revenue

$






37,536






 






$






37,361






 












Net Income (Loss) Margin

 






(3.0






)%






 






(41.8






)%












Adjusted EBITDA Margin

 






8.8






%






 






7.5






%












 






 



Twelve Months Ended



2H Fiscal 2026 and 1H 2026



January 31,
2026
January 31,
2025



2H FY26
1H FY26


 






 


Net Income (Loss)

$






(2,376






)






$






(14,489






)









$






(757






)






$






(1,619






)







Interest Expense

 






3,503






 






 






3,210






 









 






1,721






 






 






1,782






 







Income Tax Expense (Benefit)

 






(160






)






 






2,202






 









 






218






 






 






(378






)







Depreciation & Amortization

 






4,804






 






 






4,780






 









 






2,234






 






 






2,570






 







EBITDA

$






5,771






 






$






(4,297






)









$






3,418






 






$






2,355






 







Share-Based Compensation

 






2,310






 






 






1,378






 









 






1,505






 






 






805






 







MTEX-related Acquisition Expenses

 






311






 






 






1,204






 









 






-






 






 






311






 







CFO Transition Costs

 






-






 






 






432






 









 






-






 






 






-






 







Inventory Step-Up

 






61






 






 






216






 









 






-






 






 






61






 







Inventory Provision

 






724






 






 






-






 









 






724






 






 






-






 







Restructuring Charges

 






1,357






 






 






-






 









 






110






 






 






1,247






 







Product Retrofit Costs

 






185






 






 






-






 









 






185






 






 






-






 







Non-Recurring Legal Expenses

 






715






 






 






-






 









 






646






 






 






69






 







Non-Recurring Proxy Costs

 






738






 






 






-






 









 






383






 






 






355






 







Realized Fx

 






100






 






 






-






 









 






100






 






 






-






 







Other (Income) and Expense

 






112






 






 






-






 









 






112






 






 






-






 







Goodwill Impairment

 






297






 






 






13,403






 









 






297






 






 






-






 







Adjusted EBITDA

$






12,681






 






$






12,336






 









$






7,478






 






$






5,203






 







Revenue

$






150,515






 






$






151,283






 









$






76,705






 






$






73,810






 







Net Income (Loss) Margin

 






(1.6






)%






 






(9.6






)%









 






(1.0






)%






 






(2.2






)%







Adjusted EBITDA Margin

 






8.4






%






 






8.2






%









 






9.7






%






 






7.0






%









ASTRONOVA, INC.








Reconciliation of Segment Gross Profit and Margin to Non-GAAP Gross Profit and Margin








(Unaudited, $ in thousands)








  








Three Months Ended



January 31, 2026

January 31, 2025



Product
ID
Aerospace
Total

Product
ID
Aerospace
Total









 


Segment Gross Profit

$






7,088






 






$






4,237






 






$






11,325






 







$






8,237






 






$






3,989






 






$






12,226






 














 


Inventory Step-Up

 






-






 






 






-






 






 






-






 







 






62






 






 






-






 






 






62






 














 


Inventory Provision

 






54






 






 






311






 






 






365






 







 






-






 






 






-






 






 






-






 














 


Product Retrofit Costs

 






185






 






 






-






 






 






185






 







 






-






 






 






-






 






 






-






 














 


Restructuring Charges

 






29






 






 






-






 






 






29






 







 






-






 






 






-






 






 






-






 







 






 


Non-GAAP - Segment Gross Profit

$






7,356






 






$






4,548






 






$






11,904






 







$






8,299






 






$






3,989






 






$






12,288






 







 






 


Revenue

$






26,330






 






$






11,206






 






$






37,536






 







$






25,678






 






$






11,683






 






$






37,361






 







Gross Profit Margin

 






26.9






%






 






37.8






%






 






30.2






%







 






32.1






%






 






34.1






%






 






32.7






%







Non-GAAP Segment Gross Profit Margin

 






27.9






%






 






40.6






%






 






31.7






%







 






32.3






%






 






34.1






%






 






32.9






%







 






 


 






 



Twelve Months Ended



January 31, 2026

January 31, 2025



Product
ID
Aerospace
Total

Product
ID
Aerospace
Total


 






 


Segment Gross Profit

$






29,837






 






$






17,797






 






$






47,634






 







$






32,571






 






$






18,087






 






$






50,658






 







 






 


Inventory Step-Up

 






61






 






 






-






 






 






61






 







 






216






 






 






-






 






 






216






 







 






 


Inventory Provision

 






724






 






 






-






 






 






724






 







 






-






 






 






-






 






 






-






 







 






 


Product Retrofit Costs

 






185






 






 






-






 






 






185






 







 






-






 






 






-






 






 






-






 







 






 


Restructuring Charges

 






202






 






 






165






 






 






367






 







 






-






 






 






-






 






 






-






 







 






 


Non-GAAP - Segment Gross Profit

$






31,009






 






$






17,962






 






$






48,971






 







$






32,787






 






$






18,087






 






$






50,874






 







 






 


Revenue

$






104,221






 






$






46,294






 






$






150,515






 







$






102,345






 






$






48,938






 






$






151,283






 







Gross Profit Margin

 






28.6






%






 






38.4






%






 






31.6






%







 






31.8






%






 






37.0






%






 






33.5






%







Non-GAAP Segment Gross Profit Margin

 






29.8






%






 






38.8






%






 






32.5






%







 






32.0






%






 






37.0






%






 






33.6






%









ASTRONOVA, INC.








Reconciliation of Segment Operating Profit and Margin to Non-GAAP Operating Profit and Margin








(Unaudited, $ in thousands)








 








Three Months Ended



January 31, 2026

January 31, 2025



Product
ID
Aerospace
Total

Product
ID
Aerospace
Total


 






 


Segment Operating Income (Loss)

$






(234






)






$






2,337






 






$






2,103






 







$






(13,075






)






$






1,886






 






$






(11,189






)







 






 


MTEX-related Acquisition Expenses

 






-






 






 






-






 






 






-






 







 






259






 






 






-






 






 






259






 







 






 


Inventory Step-Up

 






-






 






 






-






 






 






-






 







 






62






 






 






-






 






 






62






 







 






 


Inventory Provision

 






54






 






 






311






 






 






365






 







 






-






 






 






-






 






 






-






 







 






 


Product Retrofit Costs

 






185






 






 






-






 






 






185






 







 






-






 






 






-






 






 






-






 







 






 


Restructuring Charges

 






52






 






 






-






 






 






52






 







 






-






 






 






-






 






 






-






 







 






 


Non-Recurring Legal Expenses

 






(181






)






 






-






 






 






(181






)







 






-






 






 






-






 






 






-






 







 






 


Goodwill Impairment

 






-






 






 






-






 






 






-






 







 






13,403






 






 






-






 






 






13,403






 







Non-GAAP - Segment Operating Income (Loss)

$






(124






)






$






2,648






 






$






2,524






 







$






649






 






$






1,886






 






$






2,535






 







 






 


Revenue

$






26,330






 






$






11,206






 






$






37,536






 







$






25,678






 






$






11,683






 






$






37,361






 







Operating Margin

 






-0.9






%






 






20.9






%






 






5.6






%







 






-50.9






%






 






16.1






%






 






-29.9






%







Non-GAAP Operating Margin

 






-0.5






%






 






23.6






%






 






6.7






%







 






2.5






%






 






16.1






%






 






6.8






%







 






 


 






 



Twelve Months Ended



January 31, 2026

January 31, 2025



Product
ID
Aerospace
Total

Product
ID
Aerospace
Total


 






 


Segment Operating Income (Loss)

$






(471






)






$






9,763






 






$






9,292






 







$






(11,860






)






$






9,088






 






$






(2,772






)







 






 


MTEX-related Acquisition Expenses

 






311






 






 






-






 






 






311






 







 






1,204






 






 






-






 






 






1,204






 







 






 


Inventory Step-Up

 






61






 






 






-






 






 






61






 







 






216






 






 






-






 






 






216






 







 






 


Inventory Provision

 






724






 






 






-






 






 






724






 







 






-






 






 






-






 






 






-






 







 






 


Product Retrofit Costs

 






185






 






 






-






 






 






185






 







 






-






 






 






-






 






 






-






 







 






 


Restructuring Charges

 






483






 






 






171






 






 






654






 







 






-






 






 






-






 






 






-






 







 







 






-






 







Non-Recurring Legal Expenses

 






(48






)






 






-






 






 






(48






)







 






-






 






 






-






 








 






 


Goodwill Impairment

 






297






 






 






-






 






 






297






 







 






13,403






 






 






-






 






 






13,403






 







Non-GAAP - Segment Operating Income

$






1,542






 






$






9,934






 






$






11,476






 







$






2,963






 






$






9,088






 






$






12,051






 







 






 


Revenue

$






104,221






 






$






46,294






 






$






150,515






 







$






102,345






 






$






48,938






 






$






151,283






 







Operating Margin

 






-0.5






%






 






21.1






%






 






6.2






%







 






-11.6






%






 






18.6






%






 






-1.8






%







Non-GAAP Operating Margin

 






1.5






%






 






21.5






%






 






7.6






%







 






2.9






%






 






18.6






%






 






8.0






%









ASTRONOVA INC.








Reconciliation of Segment and Consolidated Net Income to Adjusted EBITDA (Past Quarters and Years)








(Unaudited, $ in thousands)







 






 






2024






 






 






Q1 25






Q2 25






Q3 25






Q4 25






FY25






 






Q1 26






Q2 26






Q3 26






Q4 26






FY26








Aerospace






Operating Income

$






8,240






 







$






1,108






 






$






3,302






 






$






2,792






 






$






1,886






 






$






9,088






 







$






1,980






 






$






1,666






 






$






3,780






 






$






2,338






 






$






9,763






 








Other

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 








Interest expense

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 








Profit Before Tax

$






8,240






 







 






1,108






 






 






3,302






 






 






2,792






 






 






1,886






 






$






9,088






 







 






1,980






 






 






1,666






 






 






3,780






 






 






2,338






 






$






9,763






 








Tax

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 








Net Income

$






8,240






 







 






1,108






 






 






3,302






 






 






2,792






 






 






1,886






 






$






9,088






 







 






1,980






 






 






1,666






 






 






3,780






 






 






2,338






 






$






9,763






 








Depreciation & Amortization

 






1,873






 







 






374






 






 






378






 






 






365






 






 






365






 






 






1,482






 







 






373






 






 






368






 






 






363






 






 






360






 






 






1,464






 








Share-Based Compensation

 






126






 







 






37






 






 






39






 






 






36






 






 






29






 






 






140






 







 






43






 






 






46






 






 






80






 






 






94






 






 






263






 








Inventory Provision

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






(311






)






 






311






 






 






-






 








Restructuring Charges

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






170






 






 






1






 






 






-






 






 






-






 






 






171






 








Adjusted EBITDA

$






10,239






 







$






1,519






 






$






3,719






 






$






3,193






 






$






2,279






 






$






10,710






 







$






2,566






 






$






2,081






 






$






3,911






 






$






3,104






 






$






11,662






 








Revenue

$






44,045






 







$






9,776






 






$






13,374






 






$






14,105






 






$






11,683






 






$






48,938






 







$






11,419






 






$






11,348






 






$






12,320






 






$






11,206






 






$






46,294






 








Adjusted EBITDA Margin

 






23.2






%







 






15.5






%






 






27.8






%






 






22.6






%






 






19.5






%






 






21.9






%







 






22.5






%






 






18.3






%






 






31.7






%






 






27.7






%






 






25.2






%







 














 


 



 






2024






 






 






Q1 25






Q2 25






Q3 25






Q4 25






FY25






 






Q1 26






Q2 26






Q3 26






Q4 26






FY26







 














 


Product ID

Operating Income

$






5,325






 







$






1,449






 






$






(121






)






$






(113






)






$






(13,075






)






$






(11,860






)







$






259






 






$






(192






)






$






(304






)






$






(234






)






$






(471






)








Other

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 








Interest expense

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 








Profit Before Tax

$






5,325






 







 






1,449






 






 






(121






)






 






(113






)






 






(13,075






)






$






(11,860






)







 






259






 






 






(192






)






 






(304






)






 






(234






)






$






(471






)








Tax

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 








Net Income

$






5,325






 







 






1,449






 






 






(121






)






 






(113






)






 






(13,075






)






$






(11,860






)







 






259






 






 






(192






)






 






(304






)






 






(234






)






$






(471






)








Interest expense

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 








Tax

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 








Depreciation & Amortization

 






2,378






 







 






532






 






 






921






 






 






929






 






 






896






 






 






3,279






 







 






913






 






 






909






 






 






489






 






 






1,013






 






 






3,322






 








Share-Based Compensation

 






317






 







 






64






 






 






74






 






 






94






 






 






75






 






 






308






 







 






(7






)






 






86






 






 






88






 






 






207






 






 






373






 








MTEX-related Acquisition Expenses

 






-






 







 






-






 






 






625






 






 






325






 






 






254






 






 






1,204






 







 






337






 






 






(26






)






 






-






 






 






-






 






 






311






 








Inventory Step-Up

 






-






 







 






-






 






 






120






 






 






34






 






 






62






 






 






216






 







 






61






 






 






-






 






 






-






 






 






-






 






 






61






 








Inventory Provision

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






670






 






 






54






 






 






724






 








Restructuring Charges

 






2,494






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






339






 






 






94






 






 






(2






)






 






52






 






 






483






 








Product Retrofit Costs

 






642






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






-






 






 






185






 






 






185






 








Non-Recurring Legal Expenses

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






134






 






 






(182






)






 






(48






)








Goodwill Impairment

 






-






 







 






-






 






 






-






 






 






-






 






 






13,403






 






 






13,403






 







 






-






 






 






-






 






 






297






 






 






-






 






 






297






 








Adjusted EBITDA

$






11,156






 







$






2,046






 






$






1,619






 






$






1,269






 






$






1,615






 






$






6,550






 







$






1,902






 






$






870






 






$






1,371






 






$






1,095






 






$






5,238






 








Revenue

$






104,041






 







$






23,185






 






$






27,165






 






$






26,317






 






$






25,679






 






$






102,345






 







$






26,289






 






$






24,754






 






$






26,849






 






$






26,330






 






$






104,221






 








Adjusted EBITDA Margin

 






10.7






%







 






8.8






%






 






6.0






%






 






4.8






%






 






6.3






%






 






6.4






%







 






7.2






%






 






3.5






%






 






5.1






%






 






4.2






%






 






5.0






%







 














 


 



 






2024






 






 






Q1 25






Q2 25






Q3 25






Q4 25






FY25






 






Q1 26






Q2 26






Q3 26






Q4 26






FY26







 














 


Corporate

Operating Income

$






(4,768






)







$






(1,211






)






$






(2,120






)






$






(1,416






)






$






(1,122






)






$






(5,869






)







$






(1,668






)






$






(2,181






)






$






(2,187






)






$






(2,050






)






$






(8,087






)








Other

 






26






 







 






118






 






 






173






 






 






46






 






 






100






 






 






437






 







 






(24






)






 






104






 






 






210






 






 






(51






)






 






239






 








Interest expense

 






2,697






 







 






482






 






 






938






 






 






944






 






 






847






 






 






3,210






 







 






897






 






 






885






 






 






827






 






 






894






 






 






3,503






 








Profit Before Tax

$






(7,491






)







 






(1,811






)






 






(3,231






)






 






(2,406






)






 






(2,069






)






$






(9,516






)







 






(2,541






)






 






(3,170






)






 






(3,224






)






 






(2,893






)






$






(11,829






)








Tax

 






1,379






 







 






(434






)






 






261






 






 






34






 






 






2,342






 






 






2,203






 







 






75






 






 






(454






)






 






(128






)






 






346






 






 






(161






)








Net Income

$






(8,870






)







 






(1,377






)






 






(3,492






)






 






(2,440






)






 






(4,411






)






$






(11,719






)







 






(2,616






)






 






(2,716






)






 






(3,096






)






 






(3,239






)






$






(11,668






)








Interest expense

 






2,697






 







 






482






 






 






938






 






 






944






 






 






847






 






 






3,210






 







 






897






 






 






885






 






 






827






 






 






894






 






 






3,503






 








Tax

 






1,379






 







 






(434






)






 






261






 






 






36






 






 






2,342






 






 






2,205






 







 






75






 






 






(454






)






 






(128






)






 






346






 






 






(161






)








Depreciation & Amortization

 






15






 







 






4






 






 






4






 






 






6






 






 






4






 






 






19






 







 






4






 






 






4






 






 






5






 






 






5






 






 






18






 








EBITDA

$






(4,779






)







 






(1,324






)






 






(2,289






)






 






(1,454






)






 






(1,218






)






$






(6,285






)







 






(1,640






)






 






(2,282






)






 






(2,392






)






 






(1,994






)






$






(8,308






)





















 



Share-Based Compensation

 






903






 







 






223






 






 






368






 






 






222






 






 






116






 






 






929






 







 






270






 






 






367






 






 






586






 






 






449






 






 






1,673






 








CFO Transition Costs

 






-






 







 






-






 






 






432






 






 






-






 






 






-






 






 






432






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 








Restructuring Charges

 






82






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






49






 






 






595






 






 






60






 






 






-






 






 






703






 








Non-Recurring Legal Expenses

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






69






 






 






254






 






 






440






 






 






763






 








Non-Recurring Proxy Costs

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






355






 






 






172






 






 






210






 






 






738






 








Realized Fx

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






100






 






 






-






 






 






100






 








Other (Income) and Expense

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






112






 






 






-






 






 






112






 








Adjusted EBITDA

$






(3,794






)







$






(1,101






)






$






(1,489






)






$






(1,232






)






$






(1,102






)






$






(4,924






)







$






(1,321






)






$






(896






)






$






(1,108






)






$






(895






)






$






(4,220






)







 














 


 



 






2024






 






 






Q1 25






Q2 25






Q3 25






Q4 25






FY25






 






Q1 26






Q2 26






Q3 26






Q4 26






FY26







 














 


AstroNova Consolidated

Operating Income

$






8,796






 







$






1,346






 






$






1,061






 






$






1,263






 






$






(12,311






)






$






(8,641






)







$






571






 






$






(708






)






$






1,288






 






$






55






 






$






1,207






 








Other

 






26






 







 






118






 






 






173






 






 






46






 






 






100






 






 






437






 







 






(24






)






 






104






 






 






210






 






 






(51






)






 






239






 








Interest expense

 






2,697






 







 






482






 






 






938






 






 






944






 






 






847






 






 






3,210






 







 






897






 






 






885






 






 






827






 






 






894






 






 






3,503






 








Profit Before Tax

$






6,073






 







 






746






 






 






(50






)






 






273






 






 






(13,258






)






$






(12,288






)







 






(302






)






 






(1,697






)






 






251






 






 






(789






)






$






(2,536






)








Tax

 






1,379






 







 






(434






)






 






261






 






 






34






 






 






2,342






 






 






2,202






 







 






75






 






 






(454






)






 






(128






)






 






346






 






 






(161






)








Net Income

$






4,694






 







 






1,180






 






 






(311






)






 






239






 






 






(15,600






)






$






(14,490






)







 






(377






)






 






(1,243






)






 






379






 






 






(1,134






)






$






(2,374






)








Interest expense

 






2,697






 







 






482






 






 






938






 






 






944






 






 






847






 






 






3,210






 







 






897






 






 






885






 






 






827






 






 






894






 






 






3,503






 








Tax

 






1,379






 







 






(434






)






 






261






 






 






36






 






 






2,342






 






 






2,202






 







 






75






 






 






(454






)






 






(128






)






 






346






 






 






(161






)








Depreciation & Amortization

 






4,266






 







 






911






 






 






1,304






 






 






1,300






 






 






1,266






 






 






4,780






 







 






1,290






 






 






1,280






 






 






856






 






 






1,379






 






 






4,805






 








EBITDA

$






13,036






 







 






2,139






 






 






2,191






 






 






2,519






 






 






(11,146






)






$






(4,297






)







 






1,885






 






 






469






 






 






1,934






 






 






1,485






 






$






5,773






 





















 



Share-Based Compensation

 






1,347






 







 






325






 






 






481






 






 






352






 






 






219






 






 






1,378






 







 






306






 






 






499






 






 






754






 






 






751






 






 






2,310






 








MTEX-related Acquisition Expenses

 






-






 







 






-






 






 






625






 






 






325






 






 






254






 






 






1,204






 







 






337






 






 






(26






)






 






-






 






 






-






 






 






311






 








CFO Transition Costs

 






-






 







 






-






 






 






432






 






 






-






 






 






-






 






 






432






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 








Inventory Step-Up

 






-






 







 






-






 






 






120






 






 






34






 






 






62






 






 






216






 







 






61






 






 






-






 






 






-






 






 






-






 






 






61






 








Inventory Provision

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






359






 






 






365






 






 






724






 








Restructuring Charges

 






2,576






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






558






 






 






689






 






 






59






 






 






52






 






 






1,357






 








Product Retrofit Costs

 






642






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






-






 






 






185






 






 






185






 








Non-Recurring Legal Expenses

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






69






 






 






387






 






 






258






 






 






715






 








Non-Recurring Proxy Costs

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






355






 






 






172






 






 






210






 






 






738






 








Realized Fx

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






100






 






 






-






 






 






100






 








Other (Income) and Expense

 






-






 







 






-






 






 






-






 






 






-






 






 






-






 






 






-






 







 






-






 






 






-






 






 






112






 






 






-






 






 






112






 








Goodwill Impairment

 






-






 







 






-






 






 






-






 






 






-






 






 






13,403






 






 






13,403






 







 






-






 






 






-






 






 






297






 






 






-






 






 






297






 








Adjusted EBITDA

$






17,601






 







$






2,463






 






$






3,849






 






$






3,230






 






$






2,793






 






$






12,336






 







$






3,146






 






$






2,056






 






$






4,175






 






$






3,306






 






$






12,681






 








Revenue

$






148,086






 







$






32,961






 






$






40,539






 






$






40,422






 






$






37,361






 






$






151,283






 







$






37,708






 






$






36,102






 






$






39,169






 






$






37,536






 






$






150,515






 








Adjusted EBITDA Margin

 






11.9






%







 






7.5






%






 






9.5






%






 






8.0






%






 






7.5






%






 






8.2






%







 






8.3






%






 






5.7






%






 






10.7






%






 






8.8






%






 






8.4






%







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260413909181/en/
Deborah Pawlowski, IRC, Alliance Advisors

Email: dpawlowski@allianceadvisors.com

Phone: 716.843.3908


Original: AstroNova Reports Fourth-Quarter and Full-Year Fiscal 2026 Financial Results