Astronova Stumbles On Q3 Figures

12/12/2024 3:13:47 PM

(MENAFN- Baystreet) AstroNova, Inc. (NASDAQ: ALOT) shares capsized Thursday morning, as the company purporting to be a global leader in data visualization technologies, today announced financial results for its fiscal 2025 third quarter.

Third Quarter FY 2025 Summary
.Net revenue of $40.4 million
.GAAP gross margin of 33.9%; non-GAAP gross margin of 34.0%
.GAAP operating margin of 3.1%; non-GAAP operating margin of 4.0%
.GAAP net income of $0.03 per diluted share; non-GAAP net income of $0.06 per diluted share
.GAAP net income of $0.2 million; Adjusted EBITDA of $3.2 million

“Overall, our third-quarter performance was disappointing, reflecting a significant decrease in consolidated margins and increased operating expenses year-over-year,” said CEO Greg Woods.“Our results were primarily impacted by the ongoing integration of MTEX NS (MTEX) in our Product Identification segment, as well as a key customer's delayed launch from the third quarter to the fourth quarter of a large order we received for hundreds of inkjet printers that just began shipping this month. The MTEX integration is proving far more time-consuming and resource-intensive than we anticipated when we completed the acquisition in May. MTEX had an operating loss of $1.1 million in the third quarter with revenue of $1.7 million.

ALOT shares lost $1.74, or 11.1%, to $14.01.

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