Welcome to our dedicated page for Astronova news (Ticker: ALOT), a resource for investors and traders seeking the latest updates and insights on Astronova stock.
AstroNova Inc. (ALOT) delivers innovative specialty printing solutions and data acquisition systems for industries ranging from aerospace to packaging. This page provides investors and professionals with authoritative updates on corporate developments, financial performance, and technological advancements.
Access comprehensive coverage of ALOT's press releases, including earnings reports, product launches, strategic partnerships, and industry recognitions. Our curated news collection ensures you stay informed about both the Product Identification segment's label printing innovations and the Test & Measurement division's data visualization tools.
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AstroNova, Inc. (Nasdaq: ALOT) reported strong results for the fourth quarter and full year ended January 31, 2023. Fourth-quarter bookings reached $36.3 million, with revenue of $39.9 million—a 34% year-over-year increase. Net income for the quarter was $1.4 million or $0.18 per diluted share. For the full year, the company achieved $142.5 million in revenue and net income of $2.7 million or $0.36 per diluted share, although this was a decline from the previous year. Both segments showed growth, especially Test & Measurement, which saw 61% revenue growth driven by aerospace products. The backlog stood at $35.8 million as of year-end.
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