AstroNova, Inc. announced its financial results for the fiscal 2025 fourth quarter and full-year ended January 31, 2025. For the fourth quarter, the company reported net revenue of $37.4 million, a 5.6% decrease year-over-year, and a GAAP net loss of $15.6 million, or $2.07 per share, compared to a net income in the prior year.
The significant net loss was primarily due to a $13.4 million non-cash goodwill impairment charge related to the Product Identification (PI) segment, largely associated with the MTEX business acquisition. Full-year fiscal 2025 net revenue was $151.3 million, a 2.2% increase, but the company reported a GAAP net loss of $14.5 million, or $1.93 per share, for the full year.
Despite the losses, AstroNova reaffirmed its fiscal 2026 guidance, projecting net revenue in the range of $160 million to $165 million and an Adjusted EBITDA margin of 8.5% to 9.5%. The company also confirmed the previously announced amendment and waiver of its credit agreement with Bank of America, providing relaxed financial covenant ratios and reduced term loan payments for fiscal 2026.
The PI segment's fourth-quarter GAAP operating loss was $11.2 million, including the goodwill impairment, while the Test & Measurement segment's revenue decreased by 9.9% to $11.7 million due to a delayed defense order and deferred deliveries from the Boeing strike. AstroNova emphasized its focus on leveraging MTEX technologies to create more competitive solutions and launching new products in fiscal 2026.
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