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AstroNova(ALOT) - 2026 Q1 - Quarterly Results
AstroNovaAstroNova(US:ALOT)2025-06-05 11:45

Revenue Performance - Revenue for the first quarter of fiscal 2026 grew 14.4% year-over-year to $37.7 million, with Aerospace segment growth at 16.8% and Product Identification segment growth at 13.4%[4] - AstroNova reported a revenue of $37,708,000 for the three months ended April 30, 2025, representing a 14.4% increase from $32,961,000 in the same period last year[30] - Total revenue for FY2025 was $151,283,000, with Q1 FY26 revenue at $37,708,000, representing a 14.3% increase from Q1 FY25[41] Segment Performance - Product Identification segment revenue was $26.3 million, a 13.4% increase driven by the acquisition contribution and increased demand for legacy printers[10] - Aerospace segment revenue increased 16.8% to $11.4 million, driven by higher shipments of ToughWriter® products[13] - The Product Identification segment generated revenue of $26,289,000, while the Aerospace segment contributed $11,419,000, showing growth in both segments[37] Profitability Metrics - Operating income was $0.6 million, down 57.6% from $1.3 million in the prior year, while Non-GAAP operating income increased 13.5% to $1.5 million[4] - Adjusted EBITDA for the first quarter was $3.1 million, reflecting a 27.6% increase compared to the prior year[9] - The gross profit for the same period was $12,652,000, with a gross profit margin of 33.6%, down from 36.3% year-over-year[30] - The company reported a total operating margin of 1.5%, down from 4.1% year-over-year[30] Financial Position - Cash at the end of the first quarter was $5.4 million, with a $3.7 million debt paydown during the quarter[15] - Total current assets increased to $81,181,000 from $78,017,000, with cash and cash equivalents rising to $5,353,000[32] - Total liabilities rose to $73,773,000, up from $69,845,000, indicating an increase in financial obligations[32] Future Outlook - The company expects fiscal 2026 revenue to be in the range of $160 million to $165 million, representing a 7% increase at the midpoint compared to fiscal 2025[18] - The adjusted EBITDA margin is projected to expand to 8.5% to 9.5% for fiscal 2026, an 80-basis point increase from the prior year[18] - Future outlook includes potential risks related to organizational improvements and market expansion, as highlighted in the forward-looking statements[27] Operational Changes - The company executed $1.9 million of its $3 million annualized cost reduction plan in the first quarter and expects to complete the plan in the second quarter[4] - The company plans to launch seven significant new products in fiscal 2026, with three already completed[22] Loss and Expenses - Net loss for the quarter was $376,000, compared to a net income of $1,181,000 in the previous year, marking a 131.9% decrease[30] - Operating expenses for Q1 FY26 were $12,081,000, an increase from $10,626,000 in Q1 FY25[47] Bookings and Backlog - Bookings for Q1 FY26 were $34,893,000, down from $38,576,000 in Q4 FY25, indicating a book-to-bill ratio of 93%[45] - The backlog at the end of Q1 FY26 was $25,491,000, down from $28,307,000 at the end of FY2025[45]