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ALOT Nasdaq· AstroNova Inc
Earnings report Q4 2023

ALOT Reports 4.7% Decrease in Revenue for the Latest Quarter

Segments of revenue

ALOT's revenue for the third quarter of the current year was $37.5 million, representing a 4.7% decrease compared to the previous year's third quarter revenue of $39.4 million. Revenue through domestic channels for the third quarter of the current year was $20.9 million, a decrease of 6.8% from the prior year’s third quarter domestic revenue of $22.5 million. International revenue for the third quarter of the current year was $16.6 million, representing 44.2% of the third quarter revenue and reflects a 2.0% decrease from the previous year's third quarter international revenue. The current year third quarter international revenue includes a favorable foreign exchange rate impact of $0.4 million.

Strengths

ALOT's domestic revenue decrease of 6.8% can be attributed to the overall decrease in revenue for the latest quarter. However, the company's international revenue remained relatively stable with only a 2.0% decrease. The favorable foreign exchange rate impact of $0.4 million also contributed to the international revenue. Additionally, ALOT's hardware revenue in the third quarter of the current year increased by 7.7% compared to the prior year's third quarter, driven by increased sales in the aerospace printer product line.

Challenges

ALOT faced a 4.7% decrease in overall revenue for the latest quarter, which can be seen as a weakness in their financial performance. Supplies revenue also decreased by 13.0% compared to the prior year's third quarter, impacting both the PI and T&M segments.

Noteworthy

ALOT's hardware revenue showed positive growth in the latest quarter, with a 7.7% increase compared to the prior year's third quarter. This growth was primarily driven by increased sales in the aerospace printer product line. However, supplies revenue decreased by 13.0% in both the PI and T&M segments.

Summary

ALOT reported a 4.7% decrease in revenue for the latest quarter, with domestic revenue declining by 6.8% and international revenue decreasing by 2.0%. The company's hardware revenue showed positive growth, increasing by 7.7% due to increased sales in the aerospace printer product line. However, supplies revenue declined by 13.0% in both segments. Overall, ALOT's financial performance in the latest quarter was impacted by the decrease in revenue, posing challenges for the company.

Source documents

Form 10-Q  filed on Dec 06, 2023
87 pages scanned

Reference data

Company financials Q4 revenue 37.5M
Analyst estimates Q4 EPS missed by NaN%
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