UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each classTrading Symbol Name of each exchange on which registered Common Stock, $.05 Par Value ALOT NASDAQ Global Market Securities registered pursuant to Section 12(g) of the Act: None FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the tr ...

AstroNova, Inc. (NASDAQ:ALOT) Q4 2023 Earnings Conference Call March 23, 2023 9:00 AM ET Company Participants Scott Solomon - IR, Sharon Merrill Associates Gregory Woods - President and Chief Executive Officer David Smith - Vice President, Treasurer and Chief Financial Officer Conference Call Participants Peter Sidoti - Sidoti & Company George Melas-Kyriazi - MKH Management Operator Good day and welcome to the AstroNova's Fiscal Fourth Quarter and Full Year 2023 Financial Results Conference Call. Today's co ...

AstroNova, Inc. (NASDAQ:ALOT) Q3 2023 Results Earnings Conference Call December 7, 2022 9:00 AM ET Company Participants Scott Solomon - Investor Relations, Sharon Merrill Associates Gregory Woods - President and Chief Executive Officer David Smith - Vice President, Treasurer and Chief Financial Officer Conference Call Participants Operator Good day and welcome to AstroNova's Third Quarter Fiscal Year 2023 Financial Results Conference Call. Today's conference is being recorded. [Operator Instructions]. I wou ...

AstroNova, Inc. (NASDAQ:ALOT) Q2 2023 Earnings Conference Call September 7, 2022 09:00 AM ET Company Participants Scott Solomon - Investor Relations, Sharon Merrill Associates Greg Woods - President and Chief Executive Officer David Smith - Vice President and Chief Financial Officer Conference Call Participants Presentation Operator Good day, ladies and gentlemen, and welcome to AstroNova Second Quarter Fiscal Year 2023 Financial Results Conference Call. Today's conference is being recorded. I would now lik ...

AstroNova, Inc. (NASDAQ:ALOT) Q1 2023 Earnings Conference Call June 8, 2022 9:00 AM ET Company Participants David Calusdian - Investor Relations, Sharon Merrill Associates Greg Woods - President and Chief Executive Officer David Smith - Vice President and Chief Financial Officer Conference Call Participants Tom Spiro - Spiro Capital George Milos - MKH Management Operator Good day, ladies and gentlemen, and welcome to AstroNova's First Quarter Fiscal 2023 Financial Results Conference Call. Today's conference ...

AstroNova, Inc. (NASDAQ:ALOT) Q4 2022 Earnings Conference Call April 14, 2022 9:00 AM ET Company Participants Scott Solomon - SVP, Sharon Merrill Associates, IR Gregory Woods - President and CEO David Smith - VP, Treasurer and CFO Conference Call Participants Samir Patel - Askeladden Capital John Deysher - Pinnacle Tom Spiro - Spiro Capital Operator Good day, and welcome to AstroNova’s Fiscal Fourth Quarter and Full Year 2022 Financial Results Conference Call. Today’s conference is being recorded [Operator ...

Revenue Performance - Total revenue for fiscal 2022 was $117.5 million, a 1.2% increase from $116.0 million in fiscal 2021[83]. - Revenue from the Product Identification segment was $90.9 million, accounting for 77.4% of total revenue, with a 0.7% increase from the previous year[84]. - Test and Measurement segment revenue was $26.6 million, representing 22.6% of total revenue, with a 3.1% increase compared to fiscal 2021[84]. - Domestic revenue decreased by 3.8% to $68.2 million, while international revenue increased by 9.2% to $49.3 million[84]. - Hardware revenue decreased by $2.6 million or 7.7% to $31.5 million, primarily due to a 10.1% decline in the T&M segment[84]. - Supplies revenue increased by 2.1% to $73.2 million, driven by higher demand for Trojan Label product supplies[84]. - Service and other revenue rose by 25.6% to $12.7 million, attributed to increased repair and parts revenue in both segments[84]. - Revenue from the PI segment increased by 0.7% to $90.9 million, while the T&M segment revenue rose by 3.1% to $26.6 million[89][90]. Profitability - Gross profit for fiscal 2022 was $43.7 million, a 5.8% increase from $41.4 million in fiscal 2021, with a gross profit margin of 37.2%, up 2.4 percentage points from 35.6%[85]. - The PI segment operating profit was $10.4 million with a profit margin of 11.5%, down from 14.3% in the prior year[89]. - The T&M segment achieved an operating profit of $3.4 million, a significant improvement from an operating loss of $1.0 million in the prior year, with a profit margin of 12.8%[90]. - Net income for fiscal 2022 was $6.4 million, or $0.88 per diluted share, compared to $1.3 million, or $0.18 per diluted share in the prior year[85]. Expenses and Investments - Operating expenses increased by 1.4% to $39.5 million in fiscal 2022, with selling and marketing expenses decreasing by 0.5% to $23.2 million[85]. - Research & development costs rose by 8.8% to $6.8 million, representing 5.7% of net revenue compared to 5.3% in the prior year[85]. - The company invested $6.8 million in research and development in fiscal 2022, up from $6.2 million in fiscal 2021[75]. Cash Flow and Debt - Net cash provided by operating activities decreased to $1.4 million in fiscal 2022 from $15.5 million in the previous year, primarily due to a decrease in cash provided by working capital of $11.3 million[96]. - The company recorded a $4.5 million gain on extinguishment of debt following the forgiveness of a $4.4 million PPP Loan[80]. - The effective tax rate for fiscal 2022 was 8.6%, a decrease from 41.1% in fiscal 2021, primarily due to PPP loan forgiveness tax-exempt income[85]. - The principal amount of quarterly installments for the term loan will increase from $187,500 to $500,000 over the fiscal years ending January 31, 2022, to January 31, 2025, with the entire remaining principal balance due by September 30, 2025[92]. - Total indebtedness included $9.25 million of term loan variable-rate debt as of January 31, 2022[108]. - The interest rate on variable-rate debt ranged from 2.35% to 4.65% during fiscal 2022[108]. Accounts and Inventory - The accounts receivable balance decreased slightly to $17.1 million at January 31, 2022, with days sales outstanding dropping to 45 days from 51 days in the previous year[96]. - Year-end inventory increased to $34.6 million at January 31, 2022, with days inventory on hand rising to 156 days compared to 147 days at the end of fiscal 2021[96]. Commitments and Obligations - The company had contractual obligations totaling $1.1 million in fixed lease payment obligations as of January 31, 2022, with $0.3 million due within 12 months[98]. - Purchase commitments totaled $37.5 million as of January 31, 2022, with $35.4 million due within 12 months, most of which are non-cancelable[99]. - The company is subject to a guaranteed minimum royalty payment obligation of $6.4 million, with $2.0 million due within 12 months[99]. Risk Management - The company actively monitors credit risk through credit approvals and limits, presenting accounts receivable net of reserves for doubtful accounts[101]. - Bad debt expense was less than 1% of net sales for both fiscal 2022 and 2021[101]. - Warranty costs are recorded as cost of revenue, and the reserve balance is recorded as an accrued expense, influenced by product failure rates[101]. - The company establishes a reserve for estimated warranty costs at the time product revenue is recognized, based on historical data[101]. Foreign Exchange - A hypothetical 10% change in foreign currency translation rates would result in a $0.2 million increase or decrease in consolidated net income for the year ended January 31, 2022[106]. - Foreign exchange losses from transactional exposure amounted to $0.3 million for the year ended January 31, 2022[107].