AstroNova reports Q2 FY2024 revenue up 10% to $35.5M; GAAP loss $0.22/share, non-GAAP EPS $0.15

AstroNova, Inc.

2024-Q2 EPS reported -$0.10 revenue$70,943,000

Revenue $35.5M (+10% YoY) driven by Astro Machine acquisition and aerospace momentum; hardware revenue up 30.5%.
GAAP net loss $1.6M ($0.22 loss per share) due to $3.5M pre-tax restructuring charges; non-GAAP net income $1.1M ($0.15 EPS).
Product Identification segment revenue $25.8M; GAAP operating loss $0.5M, non-GAAP operating profit $3.0M (8.3% margin).
Test & Measurement segment revenue $9.7M (+9% YoY); operating profit $1.9M, margin 19.7%.
Restructuring of PI segment to consolidate manufacturing; expects $2.4M annualized cost savings; four new PI products planned.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AstroNova, Inc. reported second quarter ended July 29, 2023 results: revenue $35.5 million, net income net loss of $1.6 million, or $0.22 per share.

Period: second quarter ended July 29, 2023
Revenue: $35.5 million
Net income: net loss of $1.6 million, or $0.22 per share
Result: reported results

Exact text from the filing

ALOT), a global leader in data visualization technologies, today announced financial results for the second quarter ended July 29, 2023. Summary Second-quarter revenue of $35.5 million, up 10% YoY, driven by Astro Machine acquisition and continued momentum in aerospace industry Second-quarter GAAP results included pre-tax strategic restructuring charges and

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Source: SEC EDGAR

accession 0001157523-23-001395

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