AstroNova Inc Reports Fiscal Q2 2025 Financial Results
Intellectia.AI2024-09-16
AstroNova, Inc. Reports Fiscal Q2 2025 Financial Results
AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, announced its financial results for the fiscal 2025 second quarter ended August 3, 2024.
Key Financial Metrics
| Metric | Q2 FY 2025 | Q2 FY 2024 | Year-over-Year Change |
|---|---|---|---|
| Total Revenue | $40.5 million | Not Provided | Up 14.1% |
| Gross Margin | 35.3% | Not Provided | Up 800 basis points |
| Net Loss per Share | $(0.04) | $(0.22) | Improved |
| Non-GAAP Diluted EPS | $0.08 | $0.15 | Decreased |
| Adjusted EBITDA | $3.9 million | $3.7 million | Up 5.3% |
Interpretation: AstroNova reported a 14.1% increase in revenue year-over-year, with significant improvement in their gross margin. Despite posting a net loss per share of $(0.04), this was a notable improvement from the previous year. The adjusted EBITDA also showed positive growth.
Revenue Performance by Segment
| Segment | Q2 FY 2025 Revenue | Q2 FY 2024 Revenue | Year-over-Year Change |
|---|---|---|---|
| Product Identification (PI) | $27.2 million | $25.8 million | Up 5.4% |
| Test & Measurement (T&M) | $13.4 million | $9.7 million | Up 37.2% |
Interpretation: The PI segment exhibited moderate growth, primarily driven by organic expansion and the integration of MTEX NS. The T&M segment displayed robust performance with a significant 37.2% increase, largely attributed to the success of its Aerospace product line.
Key Developments and Operational Highlights
- Began shipping a previously delayed order, taking advantage of improved supply chain conditions.
- Initiated integration of MTEX NS, which generated $0.8 million in revenue for the quarter despite a slow start.
- Operating loss from MTEX for the quarter was $1.4 million.
- Strong backlog for MTEX products following numerous tradeshows, with anticipated shipping in upcoming quarters.
Comments from Company Officers
Greg Woods, AstroNova's President and CEO, emphasized the resilience of the company's segments and highlighted the impact of resolving supply chain shortages. He noted the strategic focus on integrating MTEX’s innovative technologies into the PI segment, with expectations of achieving target revenue contributions by the end of fiscal 2025.
Forward Guidance
AstroNova provided a positive outlook, projecting growth in organic revenue and maintaining strong cost controls. The company adjusted its FY 2025 Adjusted EBITDA margin estimate due to MTEX integration but remains optimistic about achieving fiscal year revenue targets.
Stock Price Movement
Following the earnings release, AstroNova's stock saw a slight increase, with a post-event change of 0.269%.
For more information, AstroNova will discuss its results in an investor conference call at 9:30 a.m. ET today.
(Note: The "Consensus Estimates" and "Quarter-over-Quarter Change" columns were removed from the Key Financial Metrics table as they did not contain useful information.)
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