AstroNova, Inc. Files 2024 10-K Report

TL;DR

<b>AstroNova, Inc. has filed its annual 10-K report for the fiscal year ending January 31, 2024.</b>

AI Summary

AstroNova, Inc. (ALOT) filed a Annual Report (10-K) with the SEC on April 12, 2024. AstroNova, Inc. filed its 10-K report for the fiscal year ending January 31, 2024. The company is incorporated in Rhode Island (RI). Its primary business address is 600 E Greenwich Avenue, West Warwick, RI 02893. The SIC code for AstroNova, Inc. is 3577 (COMPUTER PERIPHERAL EQUIPMENT, NEC). The filing date was April 12, 2024.

Why It Matters

For investors and stakeholders tracking AstroNova, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of AstroNova's financial performance, business operations, and risk factors for the fiscal year 2024. Investors and analysts can use this report to assess the company's financial health, strategic direction, and potential for future growth.

Risk Assessment

Risk Level: medium — AstroNova, Inc. shows moderate risk based on this filing. The company's financial performance and future prospects are subject to various market and operational risks detailed within the 10-K filing, which could impact its ability to achieve its strategic objectives.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-K to understand AstroNova's performance and outlook.

Key Numbers

• 2024-01-31 — Fiscal Year End (Conformed Period of Report)
• 2024-04-12 — Filing Date (Filed as of Date)
• 120 — Public Document Count (Document count in filing)

Key Players & Entities

• AstroNova, Inc. (company) — Filer name
• 0000008146 (company) — Central Index Key
• 3577 (company) — Standard Industrial Classification
• RI (company) — State of Incorporation
• 600 E GREENWICH AVENUE (company) — Business Address Street 1
• WEST WARWICK (company) — Business Address City
• 02893 (company) — Business Address ZIP
• 4018284000 (company) — Business Phone

FAQ

Industry Context

AstroNova, Inc. operates in the computer peripheral equipment sector, specifically focusing on data acquisition, processing, and display technologies.

Regulatory Implications

The company is subject to the reporting requirements of the Securities Exchange Act of 1934, as evidenced by this 10-K filing.

What Investors Should Do

1. Analyze the company's financial statements for the fiscal year ended January 31, 2024.
2. Identify any new or updated risk factors disclosed in the filing.
3. Compare the company's performance against industry benchmarks and previous fiscal years.

Key Dates

• 2024-01-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-04-12: Filing Date — Date the 10-K report was officially submitted to the SEC.

Year-Over-Year Comparison

This is the 10-K filing for the fiscal year ending January 31, 2024. Previous filings would provide comparative data.

Key Financial Figures

• $0.05 — 3,140 shares of Common Stock (par value $0.05 per share) of the registrant outstandin
• $31.4 million — acklog at January 31, 2024 and 2023 was $31.4 million and $35.8 million, respectively. Gove
• $35.8 m — 31, 2024 and 2023 was $31.4 million and $35.8 million, respectively. Government Regul

Filing Documents

• alot-20240131.htm (10-K) — 2920KB
• alot-ex21.htm (EX-21) — 9KB
• alot-ex23_1.htm (EX-23.1) — 4KB
• alot-ex31_1.htm (EX-31.1) — 12KB
• alot-ex31_2.htm (EX-31.2) — 12KB
• alot-ex32_1.htm (EX-32.1) — 7KB
• alot-ex32_2.htm (EX-32.2) — 7KB
• alot-ex97.htm (EX-97) — 65KB
• 0000950170-24-043875.txt (&nbsp;) — 14351KB
• alot-20240131.xsd (EX-101.SCH) — 1932KB
• alot-20240131_htm.xml (XML) — 3061KB

Business

Business 2 Item 1A.

Risk Factors

Risk Factors 7 Item 1B. Unresolved Staff Comments 17 Item 1C. Cybersecurity 17 Item 2.

Properties

Properties 18 Item 3.

Legal Proceedings

Legal Proceedings 19 Item 4. Mine Safety Disclosures 19 PART II Item 5. Market for the Registrant's Common Stock, Related Stockholder Matters and Issuer Purchases of Equity Securities 20 Item 6. Reserved 20 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 29 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 30 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 30 Item 9A.

Controls and Procedures

Controls and Procedures 30 Item 9B. Other Information 31 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 31 PART III Item 10. Directors, Executive Officers and Corporate Governance 32 Item 11.

Executive Compensation

Executive Compensation 32 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 32 Item 13. Certain Relationships, Related Transactions and Director Independence 32 Item 14. Principal Accountant Fees and Services 32 PART IV Item 15. Exhibits and Financial Statement Schedule 33 Item 16. Form 10-K Summary 33 ASTRONOVA, INC.

Forward-Looking Statements

Forward-Looking Statements The information included in this Annual Report on Form 10-K 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. We generally use 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 our expectations, 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, those factors set forth in this Annual Report on Form 10-K under "Item 1A. Risk Factors." We undertake 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 Annual Report on Form 10-K. 1 PART I

. Business

Item 1 . Business General Unless otherwise indicated, references to "AstroNova," the "Company," "we," "our," and "us" in this Annual Report on Form 10-K refer to AstroNova, Inc. and its consolidated subsidiaries. We design, develop, manufacture, and distribute a broad range of specialty printers and data acquisition and analysis systems, including both hardware and software, which incorporate advanced technologies to acquire, store, analyze, and present data in multiple formats. Target markets for our hardware and software products include aerospace, apparel, automotive, avionics, chemicals, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging, and transportation. Our products are distributed worldwide through our own sales force, authorized dealers, and independent dealers and representatives. Our business consists of two segments, Product Identification ("PI") and Test & Measurement ("T&M"). The PI segment includes specialty printing systems and related supplies sold under the QuickLabel , TrojanLabel , and GetLabels brand names. The T&M segment includes our line of aerospace printers, ethernet networking products and test and measurement data acquisition systems sold under the AstroNova brand name. Refer to Note 16, "Nature of Operations, Segment Reporting and Geographical Information," in our audited consolidated financial statements elsewhere in this report for financial information regarding our segments. On August 4, 2022, we acquired Astro Machine LLC ("Astro Machine"), an Illinois-based manufacturer of printing equipment, including label printers and related accessories, tabbers, conveyors, and envelope feeders. Astro Machine is reported as a part of our PI segment beginning with the third quarter of fiscal 2023. Refer to Note 2, "Acquisitions," in our audited consolidated financial statements included elsewhere in this report. The following description of our business should be read in conjun

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View this 10-K filing on SEC EDGAR