AstroNova(US:ALOT)2025-12-10 12:29Revenue and Income - Revenue for the third quarter of fiscal 2026 was $39.2 million, reflecting an 8.5% sequential growth compared to the previous quarter[4] - Net income was $0.4 million, or $0.05 per diluted share, while non-GAAP net income was $1.5 million, or $0.20 per diluted share[4] - Adjusted EBITDA for the quarter was $4.2 million, representing 10.7% of sales, an increase from the previous quarter[4] - Revenue for the three months ended October 31, 2025, was $39,169,000, a decrease of 3.1% compared to $40,422,000 for the same period in 2024[32] - Net income for the three months ended October 31, 2025, was $378,000, representing a significant increase of 57.3% compared to $240,000 in the same period last year[32] - The company reported a total revenue of $112,979,000 for the nine months ended October 31, 2025, slightly down from $113,922,000 for the same period in 2024[38] Segment Performance - Product Identification (Product ID) segment revenue was $26.8 million, up 2.0% year-over-year and 8.5% sequentially[11] - Aerospace segment revenue decreased by 12.7% to $12.3 million due to atypical orders in the prior-year period[13] - Operating income for the Product ID segment was $1.9 million, with a non-GAAP operating income of $2.9 million, up 50% year-over-year[12] - Segment operating income for Product ID was $1,878,000 with a segment operating margin of 7.0%, while Aerospace segment operating income was $4,531,000 with a margin of 36.8%[38] - The segment gross profit for the Aerospace division was $6,391,000, resulting in a gross profit margin of 51.9% for the three months ended October 31, 2025[58] - Non-GAAP segment gross profit for the Aerospace division was $14,126,000 for the nine months ended October 31, 2025, with a non-GAAP gross profit margin of 40.3%[58] Cash Flow and Debt - The company generated $3.4 million in operating cash during the quarter, totaling $8.1 million year-to-date[15] - Debt was reduced by $3.2 million in the quarter, bringing total debt down to $40.3 million[16] - Cash and cash equivalents decreased to $3,606,000 as of October 31, 2025, down from $5,050,000 at the beginning of the period[34] - The company reported a net cash provided by operating activities of $8,057,000 for the nine months ended October 31, 2025, compared to $2,324,000 in the prior year[36] Guidance and Future Outlook - The company expects fiscal 2026 revenue to be in the range of $149 million to $154 million, with fourth-quarter revenue projected between $36 million and $41 million[21] - Bookings for the Product ID segment were $22.5 million, down $4.3 million year-over-year, while Aerospace segment orders increased by 23.7% to $13.4 million[18][19] - New bookings during the fourth quarter of FY 2025 totaled $38,576,000, contributing to a total of $145,112,000 for the fiscal year[46] - The backlog at the end of the period was $25,291,000, down from $28,307,000 at the beginning of the period[46] Impairments and Provisions - Goodwill impairment of $297,000 was recorded in the three months ended October 31, 2025, compared to no impairment in the same period last year[32] - The company incurred restructuring charges of $338,000 for the three months ended October 31, 2025[59] - Inventory provisions amounted to $360,000 for the three months ended October 31, 2025, reflecting adjustments in inventory valuation[58] Corporate Expenses and Interest - Corporate expenses increased to $(5,122,000) for the three months ended October 31, 2025, compared to $(3,855,000) in the prior year[38] - Interest expense for the three months ended October 31, 2025, was $827,000, a decrease from $944,000 in the same period last year[38]