Fri, Jun 6, 8:33 PM (37 days ago)
**AstroNova, Inc. (ALOT) Q1 2026 Financial Summary** **Financial Health & Performance:** - **Revenue:** $37.7M, up 14.4% YoY, driven by a 27.3% increase in hardware sales and a 13.1% increase in supplies revenue. - **Gross Profit:** $12.7M, a 5.7% increase YoY, with a gross margin of 33.6%, down 2.8 percentage points due to product mix and higher manufacturing costs. - **Operating Expenses:** $12.1M, up 13.7% YoY, impacted by MTEX operating costs, restructuring, and acquisition-related expenses. - **Net Loss:** $(0.4)M, or $(0.05) per diluted share, compared to a net income of $1.2M, or $0.15 per diluted share in Q1 2025. **Segment Performance:** - **Product ID:** Revenue up 13.4% to $26.3M, with segment operating income of $2.7M (10.6% margin). - **Aerospace:** Revenue up 16.8% to $11.4M, with segment operating income of $2.8M (24.2% margin). **Cash Flow & Liquidity:** - **Net Cash Provided by Operating Activities:** $4.4M, down from $6.9M in Q1 2025 due to a shift from net income to a net loss. - **Cash Position:** $5.4M as of April 30, 2025, with $6.7M available under the revolving credit facility. **Uncertainties & Future Operations:** - Integration of MTEX is more time-consuming and resource-intensive than anticipated. - Arbitration proceedings initiated by the seller of MTEX. - Restructuring actions expected to generate $3.0M in annualized savings, with substantial completion in the first half of fiscal 2026. - Focus on debt reduction in fiscal 2026 after required debt amortization and minimum guaranteed royalty payments.