AstroNova, Inc. (ALOT) reported a net loss of 5 cents per share for the first quarter of fiscal 2026, a decline from a net income of 15 cents per share in the same quarter last year. Revenue increased 14.4% year-over-year to $37.7 million, with the Product Identification segment contributing $26.3 million and the Aerospace segment adding $11.4 million. Despite top-line growth, the company recorded a net loss of $0.4 million, compared to a net income of $1.2 million in the prior-year quarter.
In terms of stock performance, ALOT shares have decreased by 1.1% since the earnings report, underperforming relative to the S&P 500 index, which gained 0.7%. Orders rose 5.4% year-over-year to $34.9 million, although backlog decreased from $28.3 million to $25.5 million. The company remains optimistic, projecting revenue between $160 million and $165 million for fiscal 2026, reflecting an expected growth rate of about 7%.
Adjusted EBITDA improved by 27.6% year-over-year to $3.1 million, driven by operational efficiencies and increased demand. AstroNova completed the integration of MTEX during the quarter, contributing $1.4 million in revenue, while also achieving $1.9 million in annualized cost reductions as part of a larger restructuring effort.
