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AstroNova Announces Fiscal Second-Quarter 2024 Financial Results
Company to Host Conference Call at 9:00 a.m. ET Today WEST WARWICK, R.I.--(BUSINESS WIRE)-- AstroNova, Inc. (Nasdaq: ALOT), a global leader in data
About this update from Astronova, Inc.
[{"type":"text","content":"\nCompany to Host Conference Call at 9:00 a.m. ET Today\n\n\n WEST WARWICK, R.I.--(BUSINESS WIRE)--\nAstroNova, Inc. (Nasdaq: ALOT), a global leader in data visualization technologies, today announced financial results for the second quarter ended July 29, 2023.\n\n\nSummary\n\n\n\nSecond-quarter revenue of $35.5 million, up 10% YoY, driven by Astro Machine acquisition and continued momentum in aerospace industry\n\n\n\nSecond-quarter GAAP results included pre-tax strategic restructuring charges and related expenses totaling $3.5 million\n\n\n\nSecond-quarter GAAP net loss per share was $0.22; non-GAAP diluted earnings per share, which excludes the impact of restructuring charges and retrofit costs, was $0.15\n\n\n\nQ2 2024 Financial Highlights\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\nGAAP\n\n\n\n\n\n\n \n\n\n\n\n\n\nNon-GAAP (excluding impact of\nrestructuring and related expenses)\n\n\n\n\n\n\n\n\n(in thousands, except per share data)\n\n\n\n\n\n\nQ2 FY\n2024\n\n\n\n\n\n\nQ2 FY\n2023\n\n\n\n\n\n\nYoY\n\n\n\n\n\n\n \n\n\n\n\n\n\nQ2 FY\n2024\n\n\n\n\n\n\nQ2 FY\n2023\n\n\n\n\n\n\nYoY\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n$35,524\n\n\n\n\n\n\n$32,259\n\n\n\n\n\n\n10%\n\n\n\n\n\n\n \n\n\n\n\n\n\n$35,524\n\n\n\n\n\n\n$32,259\n\n\n\n\n\n\n10%\n\n\n\n\n\n\n\n\nGross Profit\n\n\n\n\n\n\n9,710\n\n\n\n\n\n\n11,382\n\n\n\n\n\n\n(15%)\n\n\n\n\n\n\n \n\n\n\n\n\n\n12,658\n\n\n\n\n\n\n11,382\n\n\n\n\n\n\n11%\n\n\n\n\n\n\n\n\nGross Margin\n\n\n\n\n\n\n27.3%\n\n\n\n\n\n\n35.3%\n\n\n\n\n\n\n(8.0 pts.)\n\n\n\n\n\n\n \n\n\n\n\n\n\n35.6%\n\n\n\n\n\n\n35.3%\n\n\n\n\n\n\n0.3 pts.\n\n\n\n\n\n\n\n\nOperating Expenses\n\n\n\n\n\n\n10,908\n\n\n\n\n\n\n10,147\n\n\n\n\n\n\n7%\n\n\n\n\n\n\n \n\n\n\n\n\n\n10,353\n\n\n\n\n\n\n10,147\n\n\n\n\n\n\n2%\n\n\n\n\n\n\n\n\nOperating Income (Loss)\n\n\n\n\n\n\n(1,198)\n\n\n\n\n\n\n1,235\n\n\n\n\n\n\nn/m*\n\n\n\n\n\n\n \n\n\n\n\n\n\n2,305\n\n\n\n\n\n\n1,235\n\n\n\n\n\n\n87%\n\n\n\n\n\n\n\n\nOperating Margin\n\n\n\n\n\n\n(3.4%)\n\n\n\n\n\n\n3.8%\n\n\n\n\n\n\nn/m*\n\n\n\n\n\n\n \n\n\n\n\n\n\n6.5%\n\n\n\n\n\n\n3.8%\n\n\n\n\n\n\n2.7 pts.\n\n\n\n\n\n\n\n\nNet Income (Loss)\n\n\n\n\n\n\n($1,617)\n\n\n\n\n\n\n584\n\n\n\n\n\n\nn/m*\n\n\n\n\n\n\n \n\n\n\n\n\n\n$1,089\n\n\n\n\n\n\n$584\n\n\n\n\n\n\n86%\n\n\n\n\n\...