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Revenue increased $1.7 million to $39.4 million driven by Aerospace sales growth of 16.3% Consolidated operating profit grew to $1.6 million and operating margin expanded 250 bps to 4.0% Net income increased $1.0 million year-over-year to $0.7 million, or $0.08 per diluted share, compared with prior-year loss; Adjusted EBITDA increased 31.0% to $4.1 million Total orders in the quarter were up 32.6% to $46.3 million for a book-to-bill ratio of 118% Total debt of $35.9 million was reduced by $8.8 million compared with the first quarter of fiscal 2026 and $1.7 million compared with the fourth quarter of fiscal 2026; net debt of $31.2 million was down $2.3 million in the quarter compared with the fourth quarter of fiscal 2026
WEST WARWICK, R.I.--(BUSINESS WIRE)--AstroNova, Inc. (Nasdaq: ALOT), a leading innovator in specialized print technology solutions, today announced financial results for its fiscal 2027 first quarter ended April 30, 2026.
Jorik Ittmann, President and Chief Executive Officer of AstroNova, stated, “We had a solid start to fiscal 2027, with revenue increasing over 4% while operating profit grew over 170%. Our ToughWriter® branded flight deck printer is now the predominant product sold by our Aerospace segment. As a result, we had higher volume combined with improved pricing which drove profitability for that segment. In addition, our Product ID progress continues to strengthen its sales, marketing and operations with upgraded talent and an ever more sophisticated, customer-centric approach to the business. We are encouraged by our momentum and remain confident in the outlook for a strong year.”
First Quarter Fiscal 2027 Overview1 (comparisons are to the prior-year period unless noted otherwise)
Three Months Ended April 30,$
39,364
$
37,708
$
1,656
4.4
%
Gross Profit$
14,425
$
11,951
$
2,474
20.7
%
Gross Profit Margin
36.6
%
31.7
%
Non-GAAP Gross Profit$
14,552
$
12,352
$
2,200
17.8
%
Non-GAAP Adjusted Gross Profit Margin
36.9
%
32.8
%
Operating Income (Loss)$
1,562
$
571
$
991
173.7
%
Operating Margin
4.0
%
1.5
%
Non-GAAP Operating Income$
2,589
$
1,527
$
1,062
69.5
%
Non-GAAP Operating Income Margin
6.6
%
4.0
%
Net Income (Loss)$
653
$
(376
)
$
1,029
(273.5
)%
Non-GAAP Net Income (Loss)$
1,443
$
354
$
1,089
307.8
%
Adjusted EBITDA$
4,122
$
3,148
$
974
30.9
%
Adjusted EBITDA Margin
10.5
%
8.3
%
____________________________________1 Non-GAAP gross profit, Non-GAAP gross profit margin, Non-GAAP operating income, Non-GAAP operating income margin, Non-GAAP net income, adjusted EBITDA and adjusted EBITDA margin are Non-GAAP financial measures. Refer to the reconciliation of GAAP to non-GAAP measures in the tables that accompany this news release.
Compared with the prior-year period, revenue increased $1.7 million, or 4.4%, driven by Aerospace segment growth that was marginally offset by a slight decline in Product ID revenue. Tariff mitigation contributed $0.7 million in revenue and foreign currency translation was a $0.6 million benefit to revenue in the quarter.
Gross profit increased $2.5 million, or 20.7%, and gross margin expanded 490 basis points to 36.6% primarily reflecting higher Aerospace volume and favorable mix. On an adjusted basis, excluding restructuring charges of $0.4 million and a $0.3 million net inventory reserve reversal, gross margin expanded 410 basis points from the prior-year to 36.9%.
Operating expenses in the quarter of $12.9 million included $0.7 million of non-recurring legal and professional fees. Higher gross profit combined with cost containment initiatives resulted in operating income increasing $1.0 million to $1.6 million in the quarter while operating margin expanded 250 basis points. Excluding non-recurring items, non-GAAP operating income increased 69.5% to $2.6 million compared with the prior-year period.
Interest expense of $0.7 million decreased $0.2 million from the prior-year period, reflecting lower outstanding debt. Net income grew to $0.7 million, or $0.08 per diluted share, compared with a net loss in the prior-year period. Non-GAAP net income increased to $1.4 million, or $0.19 per share, as a result of the improved performance in the quarter. Adjusted EBITDA was $4.1 million and Adjusted EBITDA margin was 10.5%.
Aerospace Segment Review
Aerospace segment revenue grew $1.9 million, or 16.3%, to $13.3 million compared with the prior year. Growth was driven by higher hardware volume and favorable product mix as commercial OEM production rates continued to increase. Aerospace hardware revenue grew 37.9% to $9.0 million year-over-year reflecting continued conversion to the ToughWriter® platform.
Aerospace segment operating profit increased $1.9 million, or 96%, to $3.9 million driven by improved volume and pricing. Non-GAAP segment operating income was $3.4 million, or 25.6% of revenue, compared with $2.2 million in the prior-year period.
Orders in the quarter for the Aerospace segment increased 125.1% to $19.5 million for a book-to-bill ratio of 147% reflecting strong demand from OEMs for new build aircraft. Backlog at the end of the first quarter was $18.2 million, an increase of $6.2 million from the end of fiscal 2026 and more than double the $7.4 million at the end of the prior-year period.
Product Identification (Product ID) Segment Review
Product ID revenue was $26.1 million for the first quarter of fiscal 2027, down 0.8%, or $0.2 million, compared with the prior year. Hardware revenue increased modestly on new customer acquisition while recurring revenue was down $0.2 million. Recurring revenue represented approximately 82% of total segment sales. The year-over-year decline in direct-to-package revenue reflects the planned migration from legacy Trojan-platform products to MTEX-based solutions that the Company expects to begin to ramp in the second quarter of fiscal 2027.
Product ID segment operating income was $0.6 million, double over the prior-year period, reflecting improving productivity, better cost control and favorable aftermarket mix. Non-GAAP segment operating income was $1.3 million, or 4.8% of revenue, compared with $1.0 million in the prior-year period.
Orders in the quarter for the Product ID segment increased $0.5 million, or 2.1%, to $26.8 million compared with the prior-year period. The book-to-bill ratio for the segment was 103% and backlog at the end of the first quarter was $14.2 million.
Balance Sheet and Cash Flow
Cash from operations in the first quarter of fiscal 2027 was $3.0 million compared with $4.4 million in the prior year period as stronger cash earnings were offset by higher working capital requirements due to timing of receivables from customers and inventory requirements to support growth.
Capital expenditures in the quarter were $36 thousand compared with $60 thousand in the prior year.
Cash at the end of the first quarter of fiscal 2027 was $4.7 million compared with $4.1 million at the end of fiscal 2026. Net debt as of April 30, 2026, was $31.2 million, a reduction of $2.3 million, or 6.9%, compared with the end of the fourth quarter of fiscal 2026.
Earnings Conference Call Information
AstroNova will host a conference call and webcast at 8:15 a.m. ET on Monday, June 8, 2026, to review financial and operating results for the first quarter of fiscal 2027. A question and answer session will follow.
To access the conference call, please dial (201) 689-8560 or find the webcast and accompanying slide presentation at https://investors.astronovainc.com/investors/events-and-presentations/default.aspx.
A telephonic replay will be available from 12:00 p.m. ET on the day of the call through Monday, June 22, 2026. To listen to the archived call, dial (412) 317-6671 and enter a replay PIN 13760545. The webcast replay will be available on the Investor Relations section of the Company’s website where a transcript will be posted once available.
About AstroNova, Inc.
AstroNova (Nasdaq: ALOT) is a global provider of printing technologies serving regulated and industrial markets. The Company designs, manufactures, distributes, and services solutions that enable customers to identify, track, and communicate essential product and safety information across a wide range of applications and media. AstroNova supports customers by enabling safety, accuracy and durability for flight deck communications, medical device and healthcare products, essential chemical products, and mission-critical industrial components, while ensuring compliance with local and regional regulatory requirements.
The Product Identification segment delivers end-to-end marking and identification solutions, including hardware, software, and consumables for OEMs, commercial printers, and brand owners. These solutions are used across labels, flexible packaging, corrugated, and industrial substrates, where durability, traceability, and compliance are essential. The Aerospace segment is a global leader in providing products designed for airborne printing solutions, avionics, and data acquisition, including flight deck printing solutions, networking hardware, and specialized aerospace-grade supplies. For more information please visit: www.astronovainc.com.
Use of Non-GAAP Financial Measures
In addition to financial measures prepared in accordance with generally accepted accounting principles (GAAP), this news release contains the Non-GAAP financial measures: Non-GAAP gross profit, Non-GAAP gross profit margin, Non-GAAP operating expenses, Non-GAAP operating income, Non-GAAP operating income margin, Non-GAAP net income (loss), Non-GAAP net income per Common Share - diluted, Non-GAAP segment gross profit, Non-GAAP segment gross profit margin, Non-GAAP segment operating income, Non-GAAP segment operating margin, Adjusted EBITDA and Adjusted EBITDA Margin. AstroNova believes that the inclusion of these Non-GAAP financial measures helps investors gain a meaningful understanding of changes in the Company’s core operating results and can help investors who wish to make comparisons between AstroNova and other companies on both a GAAP and a Non-GAAP basis. AstroNova’s management uses these Non-GAAP financial measures, in addition to GAAP financial measures, as the basis for measuring its core operating performance and comparing such performance to that of prior periods and to the performance of its competitors. These measures are also used by the Company’s management to assist with their financial and operating decision-making. Please refer to the financial reconciliation table included in this news release for a reconciliation of the Non-GAAP measures to the most directly comparable GAAP measures for the three months ended April 30, 2026 and 2025.
Forward-Looking Statements
Information included in this news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but rather reflect our current expectations concerning future events and results. These statements may include the use of the words “believes,” “expects,” “intends,” “plans,” “anticipates,” “likely,” “continues,” “may,” “will,” and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning the Company’s anticipated performance, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, (i) the risk that our efforts to improve sales in our Product Identification segment may not result in the benefits we expect, (ii) the risk that our Aerospace customers may not continue to convert to our ToughWriter® printer in the volumes or on the schedule that we expect; (iii) the risk that we may not realize the anticipated benefits of our next-generation print engine technology; and (iv) those factors set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2026 and subsequent filings AstroNova makes with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this news release.
ASTRONOVA, INC.
Condensed Consolidated Statements of Income (Loss)
(In thousands, except per share data)
(Unaudited)
Three Months Ended April 30,$
39,364
$
37,708
$
1,656
4.4
%
Cost of Revenue
24,939
25,757
(818
)
(3.2
)%
Gross Profit
14,425
11,951
2,474
20.7
%
Total Gross Profit Margin
36.6
%
31.7
%
Operating Expenses: Selling & Marketing
5,692
5,605
87
1.6
%
Research & Development
1,809
1,529
280
18.3
%
General & Administrative
5,363
4,246
1,117
26.3
%
Total Operating Expenses
12,864
11,380
1,484
13.0
%
Operating Income
1,562
571
991
173.7
%
Total Operating Margin
4.0
%
1.5
%
Interest Expense
675
897
(222
)
(24.7
)%
Other (Income)/Expense, net
38
(25
)
63
(250.0
)%
Income (Loss) Before Taxes
849
(301
)
1,150
(381.7
)%
Income Tax Provision
196
75
121
161.3
%
Net Income (Loss)$
653
$
(376
)
$
1,029
(273.5
)%
Net Income (Loss) per Common Share - Basic$
0.09
$
(0.05
)
Net Income (Loss) per Common Share - Diluted$
0.08
$
(0.05
)
Weighted Average Number of Common Shares - Basic
7,678
7,560
Weighted Average Number of Common Shares - Diluted
7,774
7,560
ASTRONOVA, INC.
Condensed Consolidated Balance Sheets
(In thousands)
(Unaudited)
April 30,$
4,675
$
4,072
Accounts Receivable, net
21,627
18,985
Inventories, net
43,926
43,252
Prepaid Expenses and Other Current Assets
4,425
4,395
Total Current Assets
74,653
70,704
PROPERTY, PLANT AND EQUIPMENT
40,364
40,400
Less Accumulated Depreciation
(26,718
)
(26,272
)
Property, Plant and Equipment, net
13,646
14,128
OTHER ASSETS Identifiable Intangibles, net
20,684
21,496
Goodwill
17,244
17,376
Deferred Tax Assets, net
9,780
9,831
Right of Use Asset
2,307
2,466
Other Assets
1,542
1,565
TOTAL ASSETS
$
139,856
$
137,566
LIABILITIES AND SHAREHOLDERS’ EQUITY CURRENT LIABILITIES Accounts Payable
$
7,601
$
6,806
Accrued Compensation
4,673
4,390
Other Accrued Expenses
7,564
4,702
Revolving Line of Credit
15,398
16,273
Current Portion of Long-Term Debt
4,272
3,033
Current Liability – Royalty Obligation
1,233
1,656
Current Liability – Excess Royalty Payment Due
194
331
Income Taxes Payable
1,036
691
Deferred Revenue
393
489
Total Current Liabilities
42,364
38,371
NON-CURRENT LIABILITIES Long-Term Debt, net of current portion
16,234
18,295
Lease Liabilities, net of current portion
1,784
1,953
Grant Deferred Revenue
926
899
Royalty Obligation, net of current portion
160
145
Income Tax Payables
800
800
Other Long-Term Liability
66
241
TOTAL LIABILITIES
62,334
60,704
SHAREHOLDERS’ EQUITY Common Stock
558
554
Additional Paid-in Capital
66,889
66,329
Retained Earnings
47,657
47,004
Treasury Stock
(35,418
)
(35,227
)
Accumulated Other Comprehensive Loss, net of tax
(2,164
)
(1,798
)
TOTAL SHAREHOLDERS’ EQUITY
77,522
76,862
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
$
139,856
$
137,566
ASTRONOVA, INC.
Condensed Consolidated Statements of Cash Flow – Three Months
(In thousands)
(Unaudited)
Three Months Ended April 30,$
653
$
(376
)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: Depreciation and Amortization
1,182
1,290
Grant Income Included in Depreciation
69
56
Amortization of Debt Issuance Costs
10
8
Share-Based Compensation
389
306
Deferred Income Tax Provision (Benefit)
37
(52
)
Changes in Assets and Liabilities: Accounts Receivable
(2,691
)
210
Inventories
(766
)
(2,704
)
Income Taxes
146
172
Accounts Payable and Accrued Expenses
3,902
3,622
Deferred Revenue
(73
)
1,041
Other
163
822
Net Cash Provided by Operating Activities
3,021
4,395
Cash Flows from Investing Activities: Purchases of Property, Plant and Equipment
(36
)
(60
)
Net Cash Used for Investing Activities
(36
)
(60
)
Cash Flows from Financing Activities: Net Cash Proceeds from Share Purchases under Employee Stock Purchase Plan
—
51
Net Cash Used for Payment of Taxes Related to Vested Restricted Stock
(191
)
(155
)
Revolving Credit Facility, net
(824
)
(2,872
)
Payment of Minimum Guarantee Royalty Obligation
(423
)
(428
)
Principal Payments of Long-Term Debt
(809
)
(826
)
Net Cash Provided by (Used for) Financing Activities
(2,247
)
(4,230
)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
(135
)
198
Net Increase in Cash and Cash Equivalents
602
303
Cash and Cash Equivalents, Beginning of Period
4,072
5,050
Cash and Cash Equivalents, End of Period
$
4,675
$
5,353
Supplemental Information: Cash Paid (Received) During the Period for: Interest
$
652
$
770
Income Taxes, net of refunds
$
50
$
(100
)
Non-Cash Transactions: Operating Lease Obtained in Exchange for Operating Lease Liabilities$
—
$
936
ASTRONOVA, INC.
Segment Sales and Profit
(Unaudited, $ in thousands)
Three Months$
26,089
$
26,289
Aerospace
13,275
11,419
Total Revenue
$
39,364
$
37,708
Gross Profit: Product ID
$
8,403
$
8,233
Aerospace
6,022
3,718
Gross Profit
$
14,425
$
11,951
Gross Profit Margin: Product ID
32.2
%
31.3
%
Aerospace
45.4
%
32.6
%
Gross Profit Margin
36.6
%
31.7
%
Segment Operating Income: Product ID$
566
$
260
Aerospace
3,878
1,979
Total Segment Operating Income
$
4,444
$
2,239
Segment Operating Margin: Product ID
2.2
%
1.0
%
Aerospace
29.2
%
17.3
%
Total Segment Operating Margin
11.3
%
5.9
%
Corporate Expense
(2,882
)
(1,668
)
Operating Income (Loss)$
1,562
$
571
Interest Expense
675
897
Other (Income)/Expense, net
38
(25
)
Income (Loss) Before Income Taxes$
849
$
(301
)
Income Tax Provision (Benefit)
196
75
Net Income (Loss)
$
653
$
(376
)
ASTRONOVA, INC.
Segment Sales and Non-GAAP Profit
(Unaudited, $ in thousands)
Three Months$
26,089
$
26,289
Aerospace
13,275
11,419
Total Revenue
$
39,364
$
37,708
Gross Profit: Product ID
$
9,023
$
8,465
Aerospace
5,527
3,887
Non-GAAP Gross Profit
$
14,550
$
12,352
Gross Profit Margin: Product ID
34.6
%
32.2
%
Aerospace
41.6
%
34.0
%
Non-GAAP Gross Profit Margin
36.9
%
32.8
%
Segment Operating Income: Product ID$
1,263
$
995
Aerospace
3,393
2,150
Total Non-GAAP Segment Operating Income
$
4,656
$
3,145
Segment Operating Margin: Product ID
4.8
%
3.8
%
Aerospace
25.6
%
18.8
%
Total Non-GAAP Segment Operating Margin
11.8
%
8.3
%
Corporate Expense
(2,067
)
(1,620
)
Non-GAAP Operating Income$
2,589
$
1,527
Interest Expense
$
675
$
897
Other (Income)/Expense, net
38
(25
)
Income Before Income Taxes$
1,876
$
655
Adjusted Income Tax Provision (Benefit)
433
301
Non-GAAP Net Income
$
1,443
$
354
ASTRONOVA, INC.
Revenue by Market
(unaudited, $ in thousands)
Product ID: Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY2026 Q1 FY27 YTD FY2027 Desktop Label Printers$
15,478
$
15,190
$
16,115
15,041
61,824
$
15,466
15,466
Mail & Sheet/Flat Pack Printers
4,050
3,740
4,280
4,138
16,208
4,095
4,095
Professional Label Printers
3,247
3,506
3,636
3,863
14,252
3,503
3,503
Direct to Package/Overprint Printers
3,396
2,230
2,371
2,579
10,576
2,248
2,248
Flexible Packaging Printers
30
69
79
38
216
47
47
Other
88
19
368
670
1,145
731
731
TOTAL$
26,289
$
24,754
$
26,849
26,329
104,221
$
26,089
26,089
Aerospace: Q1 FY26* Q2 FY26 Q3 FY26 Q4 FY26 FY2026 Q1 FY27 YTD FY2027 Commercial Aircraft$
4,953
$
4,714
$
5,764
$
5,030
$
20,461
$
7,247
$
7,247
Aftermarket
4,911
4,953
4,955
4,831
19,650
4,275
4,275
Defense
811
1,047
766
885
3,509
754
754
Regional and Biz Jet Aircraft
396
431
634
195
1,656
564
564
Other
348
203
201
266
1,018
435
435
TOTAL$
11,419
$
11,348
$
12,320
$
11,207
$
46,294
$
13,275
$
13,275
Consolidated Total$
37,708
$
36,102
$
39,169
37,536
150,515
$
39,364
39,364
*Q1 fiscal 2026 revenue by market has been revised from amount previously reported in our Q1 fiscal 2026 press release issued on June 5, 2025, to correct a classification error between market categories. Total Q1 2026 fiscal sales were unaffected.ASTRONOVA, INC.
Revenue by Type
(unaudited, $ in thousands)
Product ID Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY 2026 Q1 FY27 YTD FY2027 Product ID HW$
4,776
$
4,511
$
5,357
$
5,332
$
19,976
$
4,783
$
4,783
Product ID Recurring Supplies, Parts & Service
21,513
20,243
21,492
20,997
84,245
21,306
21,306
Total Product ID$
26,289
$
24,754
$
26,849
$
26,329
$
104,221
$
26,089
$
26,089
Aerospace Aerospace HW$
6,519
$
6,425
$
7,360
$
6,369
$
26,672
$
8,992
$
8,992
Aerospace Recurring Supplies, Parts & Service
4,900
4,923
4,960
4,838
19,622
4,283
4,283
Total Aerospace$
11,419
$
11,348
$
12,320
$
11,207
$
46,294
$
13,275
$
13,275
Consolidated AstroNova HW$
11,295
$
10,936
$
12,717
$
11,701
$
46,648
$
13,775
$
13,775
AstroNova Recurring Supplies, Parts & Service
26,413
25,166
26,452
25,835
103,867
25,589
25,589
TOTAL$
37,708
$
36,102
$
39,169
$
37,536
$
150,515
$
39,364
$
39,363
ASTRONOVA, INC.
Bookings and Backlog
(unaudited, $ in thousands)
AstroNova Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY 2026 Q1 FY27 YTD FY2027 Backlog Beginning of Period (incl. MTEX)$
28,307
$
25,491
$
25,291
$
21,989
$
28,307
$
25,530
$
25,530
Revenue Recognized (Billings)
$
37,708
$
36,102
$
39,169
$
37,536
$
150,515
$
39,364
$
39,364
New Bookings During Period
$
34,893
$
35,901
$
35,867
$
41,077
$
147,738
$
46,261
$
46,261
Backlog End of Period
$
25,491
$
25,291
$
21,989
$
25,530
$
25,530
$
32,426
$
32,426
Book/Bill %
93
%
99
%
92
%
109
%
96
%
118
%
118
%
Product Identification Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY 2026 Q1 FY27 YTD FY2027 Backlog Beginning of Period (incl. MTEX)$
18,091
$
18,044
$
16,727
$
12,351
$
18,091
$
13,482
$
13,482
Revenue Recognized (Billings)
$
26,289
$
24,754
$
26,849
$
26,329
$
104,221
$
26,089
$
26,089
New Bookings During Period
$
26,242
$
23,437
$
22,473
$
27,460
$
99,612
$
26,789
$
26,789
Backlog End of Period
$
18,044
$
16,727
$
12,351
$
13,484
$
13,482
$
14,182
$
14,182
Book/Bill %
100
%
95
%
84
%
104
%
95
%
103
%
103
%
Aerospace Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY 2025 Q1 FY27 YTD FY2027 Backlog Beginning of Period$
10,216
$
7,447
$
8,563
$
9,638
$
10,216
$
12,048
$
12,048
Revenue Recognized (Billings)
$
11,419
$
11,348
$
12,320
$
11,207
$
46,294
$
13,275
$
13,275
New Bookings During Period
$
8,651
$
12,464
$
13,394
$
13,617
$
48,126
$
19,471
$
19,471
Backlog End of Period
$
7,447
$
8,563
$
9,638
$
12,047
$
12,048
$
18,244
$
18,244
Book/Bill %
76
%
110
%
109
%
122
%
97
%
147
%
147
%
ASTRONOVA, INC.
Segment Sales and Profit – Historical Quarterly Summary (Recast)
(unaudited, $ in thousands)
FY24 Q1 Q2 Q3 Q4 FY25 Q1 Q2 Q3 Q4 FY26 Q1 FY27 Aerospace Revenue$
44,045
9,776
13,374
14,105
11,683
$
48,938
11,419
11,348
12,320
11,206
$
46,294
13,275
Gross profit
$
15,900
3,456
5,548
5,093
3,989
$
18,087
3,718
3,721
6,121
4,236
$
17,797
6,022
Gross Profit Margin
36.1
%
35.4
%
41.5
%
36.1
%
34.1
%
37.0
%
32.6
%
32.8
%
49.7
%
37.8
%
38.4
%
45.4
%
Operating Expenses: Selling & Marketing$
3,433
904
899
913
822
$
3,537
481
911
1,095
772
$
3,260
903
Research & Development
$
2,347
801
781
877
785
$
3,243
652
603
710
656
$
2,621
548
General & Administrative
$
1,881
644
567
512
497
$
2,220
606
540
536
471
$
2,154
693
Total Operating Expenses
$
7,661
2,348
2,246
2,301
2,104
$
9,000
1,739
2,055
2,341
1,899
$
8,034
2,144
Aerospace Operating Income
$
8,240
1,108
3,302
2,792
1,885
$
9,087
1,979
1,666
3,780
2,338
$
9,763
3,878
Aerospace Operating Margin
18.7
%
11.3
%
24.7
%
19.8
%
16.1
%
18.6
%
17.3
%
14.7
%
30.7
%
20.9
%
21.1
%
29.2
%
Non-GAAP Aerospace Adjusted EBITDA1$
10,239
1,519
3,719
3,193
2,279
$
10,710
2,566
2,081
3,911
3,104
$
11,662
3,769
Adjusted EBITDA Margin1
23.2
%
15.5
%
27.8
%
22.6
%
19.5
%
21.9
%
22.5
%
18.3
%
31.7
%
27.7
%
25.2
%
28.4
%
FY24 Q1 Q2 Q3 Q4 FY25 Q1 Q2 Q3 Q4 FY26 Q1 FY27 Product ID Revenue$
104,041
23,185
27,165
26,317
25,679
$
102,345
26,289
24,754
26,849
26,330
$
104,221
26,089
Gross profit
$
33,604
8,002
8,315
8,015
8,236
$
32,570
8,233
7,194
7,323
7,088
$
29,838
8,403
Gross Profit Margin
32.3
%
34.5
%
30.6
%
30.5
%
32.1
%
31.8
%
31.3
%
29.1
%
27.3
%
26.9
%
28.6
%
32.2
%
Operating Expenses: Selling & Marketing$
19,971
4,436
5,567
5,438
5,274
$
20,715
5,124
4,935
4,773
4,870
$
19,703
4,789
Research & Development
$
3,994
670
507
795
832
$
2,804
877
961
1,188
1,141
$
4,167
1,261
General & Administrative
$
4,314
1,447
2,363
1,896
15,206
$
20,911
1,971
1,490
1,667
1,310
$
6,439
1,787
Total Operating Expenses
$
28,280
6,553
8,437
8,128
21,312
$
44,430
7,973
7,387
7,628
7,323
$
30,310
7,837
Product ID Operating Income
$
5,325
1,449
(121
)
(112
)
(13,076
)
$
(11,860
)
260
(192
)
(304
)
(234
)
$
(471
)
566
Product ID Operating Margin
5.1
%
6.2
%
-0.4
%
-0.4
%
-50.9
%
-11.6
%
1.0
%
-0.8
%
-1.1
%
-0.9
%
-0.5
%
2.2
%
Non-GAAP Product ID Adjusted EBITDA1$
11,156
2,046
1,619
1,269
1,615
$
6,550
1,903
870
1,371
1,095
$
5,239
2,112
Adjusted EBITDA Margin1
10.7
%
8.8
%
6.0
%
4.8
%
6.3
%
6.4
%
7.2
%
3.5
%
5.1
%
4.2
%
5.0
%
8.1
%
Corporate Expense$
4,768
1,211
2,120
1,416
1,120
$
5,867
1,668
2,181
2,187
2,049
$
8,086
2,882
Consolidated Consolidated Operating Income
8,796
1,346
1,061
1,264
(12,311
)
(8,640
)
571
(708
)
1,288
55
1,207
1,562
Consolidated Operating Margin
5.9
%
4.1
%
2.6
%
3.1
%
-33.0
%
-5.7
%
1.5
%
-2.0
%
3.3
%
0.1
%
0.8
%
4.0
%
Non-GAAP Adjusted EBITDA1$
17,601
2,463
3,849
3,230
2,793
$
12,336
3,148
2,056
4,173
3,306
$
12,681
4,122
Adjusted EBITDA Margin1
11.9
%
7.5
%
9.5
%
8.0
%
7.5
%
8.2
%
8.3
%
5.7
%
10.7
%
8.8
%
8.4
%
10.5
%
1Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP metrics. Please refer to the reconciliation of GAAP to non-GAAP metrics in the tables that accompany this news release.
Deborah Pawlowski, IRC, Alliance Advisors
Email: [email protected]
Phone: 716.843.3908
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