AstroNova, Inc. ALOT
Unless otherwise indicated, references to "AstroNova," the "Company," "we," "our," and "us" in this Annual Report on Form 10-K refer to AstroNova, Inc. and its consolidated subsidiaries.
We design, develop, manufacture, and distribute a broad range of specialty printers and data acquisition and analysis systems, including both hardware and software, which incorporate advanced technologies to acquire, store, analyze, and present data in multiple formats. Target markets for our hardware and software products include aerospace, apparel, automotive, aviation, chemicals, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging, and transportation.
Our products are distributed worldwide through our own sales force, authorized dealers, and independent dealers and representatives.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $150.5M | $151.3M | $148.1M | $142.5M | $117.5M | $116.0M | $133.4M | $136.7M | $113.4M | $98.4M |
| Cost of revenue | $102.9M | $100.6M | $98.6M | $94.4M | $73.7M | $74.7M | $84.7M | $82.7M | $69.4M | $59.0M |
| Gross profit | $47.6M | $50.7M | $49.5M | $48.2M | $43.7M | $41.4M | $48.8M | $54.0M | $44.0M | $39.5M |
| R&D | $6.8M | $6.0M | $6.3M | $6.8M | $6.8M | $6.2M | $8.1M | $7.8M | $7.5M | $6.3M |
| SG&A | $16.4M | $15.6M | $11.0M | $11.4M | $9.6M | $9.4M | $11.4M | $11.1M | $8.9M | $7.9M |
| Total operating expenses | $46.4M | $59.3M | $40.7M | $42.7M | $39.5M | $38.9M | $46.3M | $45.3M | $38.6M | $33.2M |
| Operating income | $1.2M | -$8.6M | $8.8M | $5.4M | $4.3M | $2.4M | $2.4M | $8.7M | $5.4M | $6.3M |
| Interest expense | $3.5M | $3.2M | $2.7M | $1.7M | $677.0K | $955.0K | $682.0K | $600.0K | $402.0K | — |
| Pre-tax income | -$2.5M | -$12.3M | $6.1M | $3.4M | $7.0M | $2.2M | $1.4M | $7.3M | $5.2M | $6.6M |
| Income tax | $160.0K | $2.2M | $1.4M | $749.0K | $605.0K | $895.0K | $389.0K | $1.6M | $1.9M | $2.4M |
| Net income | -$2.4M | -$14.5M | $4.7M | $2.7M | $6.4M | $1.3M | $1.8M | $5.7M | $3.3M | $4.2M |
| EPS, basic | -0.31 | -1.93 | 0.63 | 0.36 | 0.89 | 0.18 | 0.25 | 0.83 | 0.48 | 0.57 |
| EPS, diluted | -0.31 | -1.93 | 0.63 | 0.36 | 0.88 | 0.18 | 0.24 | 0.81 | 0.47 | 0.56 |
| Shares, diluted (wtd. avg.) | $7.6M | $7.5M | $7.5M | $7.4M | $7.3M | $7.2M | $7.2M | $7.1M | $7.0M | $7.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.1M | $5.0M | $4.5M | $3.9M | $5.3M | $11.4M | $4.2M | $7.5M | $10.2M | $18.1M |
| Short-term investments | — | — | — | — | — | — | — | — | $1.5M | $6.7M |
| Receivables | $19.0M | $21.2M | $23.1M | $21.6M | $17.1M | $17.4M | $19.8M | $23.5M | $22.4M | $15.7M |
| Inventory | $43.3M | $47.9M | $46.4M | $51.3M | $34.6M | $30.1M | $33.9M | $30.2M | $27.6M | $19.5M |
| Total current assets | $70.7M | $78.0M | $76.7M | $79.8M | $63.8M | $60.7M | $60.2M | $62.6M | $62.9M | $61.4M |
| Property, plant and equipment | $14.1M | $15.8M | $14.2M | $14.3M | $11.4M | $12.0M | $11.3M | $10.4M | $9.8M | $9.3M |
| Goodwill | $17.4M | $16.4M | $14.6M | $14.7M | $12.2M | $12.8M | $12.0M | $12.3M | $13.0M | $4.5M |
| Other intangibles | $21.5M | $23.5M | $18.8M | $21.2M | $19.2M | $21.5M | $25.4M | $29.7M | $33.6M | $5.3M |
| Total assets | $137.6M | $145.6M | $133.3M | $139.2M | $115.0M | $115.5M | $116.7M | $119.0M | $122.3M | $83.7M |
| Accounts payable | $6.8M | $7.9M | $8.1M | $8.5M | $8.6M | $5.7M | $4.4M | $6.0M | $11.8M | $5.0M |
| Short-term debt | $3.0M | $6.1M | $2.8M | $2.1M | $1.0M | $5.3M | $5.2M | $5.2M | $5.5M | — |
| Total current liabilities | $38.4M | $46.3M | $29.8M | $37.5M | $20.0M | $21.0M | $26.8M | $24.7M | $25.9M | $12.0M |
| Long-term debt | $18.3M | $19.0M | $10.1M | $12.0M | $8.2M | $7.1M | $7.7M | $12.9M | $17.6M | — |
| Total liabilities | $60.7M | $69.8M | $43.0M | $54.8M | $33.9M | $40.8M | $45.3M | $49.2M | $58.7M | $13.1M |
| Retained earnings | $47.0M | $49.4M | $63.9M | $59.2M | $56.5M | $50.1M | $49.3M | $49.5M | $45.7M | $44.4M |
| Total equity | $76.9M | $75.8M | $90.3M | $84.4M | $81.0M | $74.7M | $71.4M | $69.8M | $63.6M | $70.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $11.7M | $4.8M | $12.4M | -$2.9M | $1.4M | $15.5M | $3.2M | $5.0M | $3.7M | $7.0M |
| Depreciation and amortisation | $4.8M | $4.8M | $4.3M | $3.9M | $4.0M | $6.0M | $6.3M | $2.0M | $4.0M | $2.4M |
| Stock-based compensation | $2.3M | $1.4M | $1.3M | $1.3M | $1.5M | $1.8M | $1.8M | $1.9M | $1.6M | $1.0M |
| Capital expenditure | $332.0K | $1.2M | $875.0K | $229.0K | $1.8M | $2.6M | $2.9M | $2.6M | $2.2M | $1.2M |
| Investing cash flow | -$219.0K | -$20.3M | -$875.0K | -$17.3M | -$1.8M | -$2.6M | -$2.9M | -$1.5M | -$20.8M | $3.1M |
| Financing cash flow | -$12.9M | $15.4M | -$11.0M | $18.8M | -$5.6M | -$5.1M | -$3.7M | -$6.1M | $9.1M | -$2.0M |
| Dividends paid | — | — | — | — | — | $497.0K | $2.0M | $1.9M | $1.9M | $2.1M |
| Buybacks | — | — | — | — | — | — | — | — | $11.2M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-251606.
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