AstroNova, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 29, 2023
September 06, 2023 at 07:36 am EDT
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AstroNova, Inc. reported earnings results for the second quarter and six months ended July 29, 2023. For the second quarter, the company reported sales was USD 35.52 million compared to USD 32.26 million a year ago. Net loss was USD 1.62 million compared to net income of USD 0.584 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to basic earnings per share from continuing operations of USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to diluted earnings per share from continuing operations of USD 0.08 a year ago.
For the six months, sales was USD 70.94 million compared to USD 63.27 million a year ago. Net loss was USD 0.769 million compared to net income of USD 1.01 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to basic earnings per share from continuing operations of USD 0.14 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to diluted earnings per share from continuing operations of USD 0.14 a year ago.
AstroNova, Inc. designs, develops, manufactures, and distributes a 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. The Company operates through 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 its line of aerospace printers, ethernet networking products, and test and measurement data acquisition systems sold under the AstroNova brand name. The Company offers its hardware and software products to various markets, including aerospace, apparel, automotive, avionics, chemicals, computer peripherals, communications, distribution, food and beverage, general manufacturing, packaging, and transportation.
ASTRONOVA, INC. 
