Business
AstroNova Reports Fiscal Fourth-Quarter and Full-Year 2022 Financial Results
Company to Host Conference Call at 9:00 a.m. ET Today Fiscal Fourth-Quarter 2022 Financial Summary Bookings of $32.9 million Backlog at quarter end of $27.8
About this update from Astronova, Inc.
[{"type":"text","content":"\nCompany to Host Conference Call at 9:00 a.m. ET Today\n\nFiscal Fourth-Quarter 2022 Financial Summary\n\n\nBookings of $32.9 million\n\n\nBacklog at quarter end of $27.8 million\n\n\nRevenue of $29.7 million\n\n\nOperating loss of $0.2 million\n\n\nNet loss of $0.8 million, or $0.10 per share\n\n\nAdjusted EBITDA of $0.8 million, or 2.6% of revenue\n\n\nFiscal Full-Year 2022 Financial Summary\n\n\nBookings of $128.6 million\n\n\nRevenue of $117.5 million\n\n\nGAAP operating income of $4.3 million\n\n\nNon-GAAP operating income of $2.1 million\n\n\nGAAP net income of $6.4 million, or $0.88 per diluted share, which includes CARES Act benefits and ERP system write-off costs\n\n\nNon-GAAP net income of $916,000, or $0.12 per diluted share\n\n\nAdjusted EBITDA of $13.2 million, or 11.2% 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, 2022.\n\n\nCEO Commentary\n\n“Our fourth-quarter results were mixed, as we continued to manage through a range of pandemic-induced global supply chain disruptions, including parts delays and shortages, supplier price increases and surcharges, and much higher transportation costs,” stated Gregory A. Woods, AstroNova’s President and Chief Executive Officer. “Despite those challenges, the pace of new orders continued its encouraging trend in the fourth quarter of fiscal 2022, increasing 13% year-over-year on continued strong product demand.\n\n“Our Test & Measurement segment posted revenue and operating margin growth in the quarter, helped by the continuing recovery of the commercial aviation market,” Woods continued. “While domestic passenger traffic has rebounded faster than other routes, the airline industry expects to see a steady ramp up to pre-pandemic levels over the next several quarters.\n\n“In our Product Identification segment, revenue and operating margin declined in the fourth quarter, due to warranty charges, mix and the effect of higher manufacturing costs related to the macroeconomic environment,” Woods said. “Despite those short-term challenges, we are encouraged by the strong performance of our direct-to-package printing solutions such as the T3-OPX, which had a record year in fiscal 2022, its second fu...