Workflow
AstroNova(ALOT) - 2026 Q1 - Quarterly Results
ALOTAstroNova(ALOT)2025-06-05 11:45

Revenue Performance - Revenue for the first quarter of fiscal 2026 grew 14.4% year-over-year to 37.7million,withAerospacesegmentgrowthat16.837.7 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 32,961,000inthesameperiodlastyear[30]−TotalrevenueforFY2025was32,961,000 in the same period last year[30] - Total revenue for FY2025 was 151,283,000, with Q1 FY26 revenue at 37,708,000,representinga14.337,708,000, 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 11.4million,drivenbyhighershipmentsofToughWriter®products[13]−TheProductIdentificationsegmentgeneratedrevenueof11.4 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,showinggrowthinbothsegments[37]ProfitabilityMetrics−Operatingincomewas11,419,000, showing growth in both segments[37] Profitability Metrics - Operating income was 0.6 million, down 57.6% from 1.3millionintheprioryear,whileNon−GAAPoperatingincomeincreased13.51.3 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 3.1million,reflectinga27.63.1 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 5.4million,witha5.4 million, with a 3.7 million debt paydown during the quarter[15] - Total current assets increased to 81,181,000from81,181,000 from 78,017,000, with cash and cash equivalents rising to 5,353,000[32]−Totalliabilitiesroseto5,353,000[32] - Total liabilities rose to 73,773,000, up from 69,845,000,indicatinganincreaseinfinancialobligations[32]FutureOutlook−Thecompanyexpectsfiscal2026revenuetobeintherangeof69,845,000, indicating an increase in financial obligations[32] Future Outlook - The company expects fiscal 2026 revenue to be in the range of 160 million to 165million,representinga7165 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 3millionannualizedcostreductionplaninthefirstquarterandexpectstocompletetheplaninthesecondquarter[4]−Thecompanyplanstolaunchsevensignificantnewproductsinfiscal2026,withthreealreadycompleted[22]LossandExpenses−Netlossforthequarterwas3 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 1,181,000inthepreviousyear,markinga131.91,181,000 in the previous year, marking a 131.9% decrease[30] - Operating expenses for Q1 FY26 were 12,081,000, an increase from 10,626,000inQ1FY25[47]BookingsandBacklog−BookingsforQ1FY26were10,626,000 in Q1 FY25[47] Bookings and Backlog - Bookings for Q1 FY26 were 34,893,000, down from 38,576,000inQ4FY25,indicatingabook−to−billratioof9338,576,000 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]