Business
AstroNova Reports Fiscal Fourth-Quarter and Full-Year 2021 Financial Results
Product Identification Segment Posts Record Revenue and Profits Fiscal Fourth-Quarter 2021 Financial Summary Bookings of $29.2 million Backlog at quarter end
About this update from Astronova, Inc.
[{"type":"text","content":"\nProduct Identification Segment Posts Record Revenue and Profits\n\nFiscal Fourth-Quarter 2021 Financial Summary\n\n\nBookings of $29.2 million\n\n\nBacklog at quarter end of $22.5 million\n\n\nRevenue of $29.4 million\n\n\nOperating income of $1.1 million\n\n\nNet income of $0.8 million, or $0.12 per diluted share\n\n\nAdjusted EBITDA of $3.1 million, or 10.7% of revenue\n\n\nFiscal Full-Year 2021 Financial Summary\n\n\nBookings of $113.6 million\n\n\nRevenue of $116.0 million\n\n\nOperating income of $2.4 million\n\n\nNet income of $1.3 million, or $0.18 per diluted share\n\n\nAdjusted EBITDA of $10.9 million, or 9.4% of revenue\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 fiscal fourth quarter and full year ended January 31, 2021.\n\n“Our Product Identification segment performed extremely well in fiscal 2021, which marked the segment’s eighth consecutive year of revenue growth,” said Greg Woods, AstroNova’s President and Chief Executive Officer. “In the fourth quarter Product Identification achieved 13.2 percent top-line growth compared to the same quarter last year and posted a record segment operating profit margin for the full year of 14.3 percent. Also in the quarter, we posted the highest number of color printer shipments in more than two years, boosted by a growing response to our enhanced digital marketing initiatives and a strong uptake of new products such as our T3-OPX overprinting solution. Consistent with our recurring revenue model, hardware demand is a leading indicator of demand for our supplies and services.\n\n“In our Test & Measurement segment, our fourth-quarter results continued to be hampered by the effects of the COVID-19 pandemic and the 737 MAX grounding on the aerospace industry,” Woods said. “But with the MAX’s recent return to service and positive news on the vaccine front, we are hopeful that the sequential revenue improvement we saw in our Test & Measurement segment in the fourth quarter marks the early signs of a recovery for the aerospace industry.\n\n“From a geographic standpoint, international revenue grew to 44 percent of total revenue in the fourth quarter from 37 percent in the same period a year earlier,” Woods said. “We saw particular strength in EMEA, where we re...