Astronova, Inc. · NASDAQ:ALOT
Astronova — Q1 2026 Earnings Presentation
19 slides from Astronova's earnings presentation, Jun 5, 2025
Slide 1: First Quarter FY2026 Financial Results
First Quarter FY2026 Financial Results Greg Woods, President and CEO Driving Growth & Profitability Tom DeByle, Chief Financial Officer Global Leader in Data Visualization Technologies June 5, 2025
Slide 2: Cautionary Statement; Use of Non-GAAP Financial Measures
Cautionary Statement Use of Non-GAAP Financial Measures Information included in this presentation may contain forward-looking statements In addition to financial measures prepared in accordance with generally accepted within the meaning of the Private Securities Litigation Reform Act of 1995. accoun
Slide 3: Strategic Drivers
Strategic Drivers AEROSPACE: PRODUCT ID: Restructured, ToughWriter® Disruptive technology Reorganized, Driving transition launches Accountability • Decouple from royalty obligations • Expands addressable markets • Reduce headcount 10% • Simplifies product portfolio • Introduces higher volume printin
Slide 4: Strategy Execution Delivers Q1 FY2026 Revenue Growth
Strategy Execution Delivers Delivered 14.4% revenue PRODUCT ID: Launched increase driven by double disruptive, next-generation Q1 FY2026 Revenue Growth digit growth in segments printing solutions • 16.8% growth in Aerospace • 3 Product ID products launched • 13.4% growth in Product and 6 more in dev
Slide 5: Orders and Backlog
Orders and Backlog ORDERS ($ in millions) PRODUCT ID $33.1 $34.9 • New account with brand owner in cosmetics industry with 3-year label supply contract • Secured 3-year upsized, renewed supplies contract Q1 FY25 Q1 FY26 with private label coffee roaster in UK combined with entire fleet of printers u
Slide 6: Expect Negligible Impact from Tariffs
Expect Negligible Impact from Tariffs Manufacturing in EU, US, and Canada provides optionality for re-routing Assuming 30% for China imports into U.S. / 10% for RoW imports into U.S. Executed price increases effective April 1st and tariff surcharges Aerospace somewhat insulated from effective the 1s
Slide 7: Revenue
Revenue YEARS ($ in millions) $151.3 $156.0 83% RECURRING REVENUE $48.9 $50.6 Product Identification revenue grew $102.3 $105.5 13.8% YoY to $26.3M • Desktop sales grew 8% YoY, driven by media and FY25 TTM Q1FY26 supplies demand • Direct-to-package YoY revenue increase resulting from acquisition; la
Slide 8: Gross Profit and Margin
Gross Profit and Margin Gross Profit and Margin ($ in millions) YEARS QUARTERS $52.7 $53.4 TTM gross profit increased compared $12.0 $12.7 $12.7 with prior years on higher sales and favorable product mix 34.9% 34.2% 36.3% 34.1% 33.6% 2025 TTM Q1 2026 Q1 2025 Q4 2025 Q1 2026 YoY gross margin declined
Slide 9: Product ID Operating Income
Product ID Operating Income Operating Income and Margin ($ in millions) QUARTERS $3.0 $2.8 Product ID operating income and margin 12.9% N/A 10.6% increased YoY and QoQ due to higher sales -$4.0 Q1 2025 Q4 2025 Q1 2026 Operating income improvement partially offset by lower margins from acquired legac
Slide 10: Aerospace Operating Income
Aerospace Operating Income Operating Income and Margin ($ in millions) QUARTERS $2.8 QoQ and YoY increases in Aerospace $2.3 operating income and margin driven by $1.7 ToughWriter shipments to large Commercial and Defense customers and operating 17.6% 19.7% 24.2% leverage on higher volume Q1 2025 Q4
Slide 11: EPS and Adj. EBITDA
EPS and Adj. EBITDA Net Earnings (Loss) and Adjusted EBITDA/ EPS and Adjusted EPS1 Adjusted EBITDA Margin 1 $2.8 $3.1 $0.15 $0.15 $0.06 $0.05 $2.5 $(0.05) $0.42 $0.35 7.5% 7.5% 8.3% $(2.07) $(0.83) 2 Q1 FY25 Q4 FY25 2 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 $12.3 $13.0 $0.35 $0.25 8.2% 8.3% $(1.93) $(2.12)
Slide 12: Capital Structure and Cash Flow
Capital Structure and Cash Flow Year Cash Flow Three Months Ended Capitalization Ended ($ of ms) 4/30/25 4/27/24 1/31/25 ($ of ms) 4/30/25 1/31/25 Net cash provided by Cash and cash equivalents $5.4 $5.1 $4.4 $6.9 $6.5 operating activities Net debt $39.4 $41.6 Capital expenditure $0.1 $0.5 $0.4 Shar
Slide 13: Executing A Clear Growth Strategy
Executing A Clear Growth Strategy Driving Revenue Growth • Expect to launch six additional game-changing Product ID solutions in FY2026 • Strong initial traction with three recent Product ID launches, expanding end markets in Professional Label and Package Printing • Continuing to transition custome
Slide 14: Conference Call Playback
Conference Call Playback Replay Number: (412) 317-6671 | passcode: 13753559 UPCOMING EVENTS Telephone replay available through Thursday, June 19, 2025 June 16 - 22, 2025 Webcast / Presentation / Replay: Paris Air Show Exhibition (Located at the French Pavilion) investors.astronovainc.com/ July 9, 20
Slide 15: Supplemental Information
Supplemental Information Subtitle 15
Slide 16: Reconciliation of GAAP to Non-GAAP
Three Months Ended Twelve Months Ended April 30, January 31, April 27, April 30, January 31, ASTRONOVA Revenue $ 2025 37,708 $ 2025 37,361 $ 2024 32,961 $ 2025 156,030 $ 2025 151,283 Reconciliation of Gross Profit Inventory Step-Up Restructuring Charges $ 12,652 61 339 $ 12,737 62 - $ 11,972 - - $ 5
Slide 17: Reconciliation of Net Income to Adjusted EBITDA
ASTRONOVA Reconciliation of Net Income to Adjusted EBITDA Three Months Ended Twelve Months Ended April 30,2025 January 31, 2025 April 27,2024 April 30, 2025 January 31, 2025 Net Income (Loss) $ (376) $ (15,600) $ 1,181 $ (16,047) $ (14,489) Interest Expense 897 847 482 3,626 3,210 Income Tax Expense
Slide 18: Reconciliation of Segment Gross Profit to Non-GAAP Segment Gross Profit
ASTRONOVA Reconciliation of Segment Gross Profit to Non-GAAP Segment Gross Profit Reconciliation of Segment Gross Profit to Non-GAAP Segment Gross Profit Amounts In Thousands (Unaudited) Three Months Ended April 30, 2025 January 31, 2025 April 27, 2024 Product Product Product Identification Aerospac
Slide 19: Reconciliation of Segment Operating Income to Non-GAAP Segment Operating Income
ASTRONOVA Reconciliation of Segment Operating Income (Loss) to Non-GAAP Segment Operating Income Three Months Ended April 30, 2025 January 31, 2025 April 27, 2024 Product Product Product Identification Aerospace Total Identification Aerospace Total Identification Aerospace Total Segment Operating In