Tue, Apr 15, 7:02 PM (12 days ago)
**Summary of AstroNova, Inc. (ALOT) 10-K for the fiscal year ended January 31, 2025** **Financial Performance:** - **Revenue:** $151.3 million, a 2.2% increase from fiscal 2024. - **Net Income (Loss):** Net loss of $14.5 million, or $1.93 per diluted share, compared to a net income of $4.7 million, or $0.63 per diluted share, in fiscal 2024. - **Gross Profit:** $52.7 million, a 2.2% increase from fiscal 2024. - **Operating Expenses:** $61.4 million, a 43.3% increase from fiscal 2024, including a $13.4 million goodwill impairment charge related to the MTEX acquisition. - **Earnings per Share (EPS):** Basic and diluted EPS of $(1.93) for fiscal 2025, compared to $0.63 for fiscal 2024. **Segment Analysis:** - **Product Identification (PI):** Revenue decreased by 1.6% to $102.3 million, with a segment operating loss of $3.9 million, including a $13.4 million goodwill impairment charge. - **Test & Measurement (T&M):** Revenue increased by 11.1% to $48.9 million, with a segment operating profit of $11.1 million. **Strategic Overview:** - **Acquisitions:** Acquired MTEX in May 2024 for $18.7 million, and Astro Machine in August 2022 for $17.1 million. - **Restructuring:** Implemented a restructuring plan in fiscal 2024 and announced further restructuring actions for fiscal 2026, including a 10% reduction in global workforce and realignment of MTEX operations. - **Market Position:** AstroNova is a market leader in tabletop digital color label printing technology and flight deck printers, with a focus on innovation and strategic acquisitions. **Future Outlook:** - **Growth Strategy:** Focus on organic growth through product innovation and strategic acquisitions. - **Financial Condition:** Total debt of $46.7 million as of January 31, 2025, with a focus on debt reduction and improving financial performance. - **Risk Factors:** Includes market risks, operational risks, financial risks, legal and regulatory risks, and environmental risks. **Market Position Changes:** - **Revenue by Region:** U.S. revenue increased by 5.6%, while international revenue decreased by 2.4%. - **Product Mix:** Hardware revenue decreased by 9.7%, while supplies revenue increased by 2.7%. **Risk Factors:** - **Market Risks:** Dependence on customer demand and economic conditions. - **Operational Risks:** Supply chain disruptions and integration of acquired companies. - **Financial Risks:** Substantial indebtedness and compliance with debt covenants. - **Legal and Regulatory Risks:** Compliance with environmental regulations and data privacy laws. - **Environmental Risks:** Compliance with environmental regulations and potential liabilities. **Financial Condition:** - **Liquidity:** Cash and cash equivalents of $5.1 million as of January 31, 2025, with available credit under revolving facilities. - **Debt:** Total debt of $46.7 million, with a focus on debt reduction and improving financial performance. **Note:** This summary is based on the provided 10-K filing and is intended to provide a brief and concise overview of the key financial and strategic information. For a complete understanding, please refer to the full 10-K filing.