AstroNova, Inc. (NASDAQ: ALOT - Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 15,355 shares, a growth of 96.7% from the March 31st total of 7,808 shares. Based on an average daily volume of 70,987 shares, the days-to-cover ratio is
ALOT gains from aerospace recovery, strong recurring revenues, and Product ID momentum, boosting margins, cash flow stability and long-term growth potential.
ALOT posts narrower year-over-year loss per share in Q4 and modest revenue growth, driven by aerospace demand, strong aftermarket sales, and improving traction in its Product ID segment.
| Technology Hardware, Storage & Peripherals Industry | Information Technology Sector | Jorik E. Ittmann CEO | XFRA Exchange | US04638F1084 ISIN |
| US Country | 441 Employees | 2 Apr 2020 Last Dividend | 3 Jul 2006 Last Split | 7 Sep 1984 IPO Date |
AstroNova, Inc., originally named Astro-Med, Inc. until rebranding in May 2016, has established itself as a key player in developing, manufacturing, and distributing specialty printing solutions and data acquisition and analysis systems. With its corporate headquarters in West Warwick, Rhode Island, the company commands a global presence, delivering its products and services across the United States, Europe, Asia, Canada, Central and South America, among other regions. AstroNova operates through two main segments: Product Identification (PI) and Test & Measurement (T&M), serving a diverse range of industries including aerospace, defense, automotive, energy, and various manufacturing sectors.
This segment caters to various industries with a suite of products that include digital color label printers and OEM printing systems under the QuickLabel brand, digital color label mini-presses, and inline printing systems under the TrojanLabel brand. Additionally, it provides label and tags material, inks, toners, and thermal transfer materials under the GetLabels brand. Specialized software programs developed and licensed by AstroNova support the design and management of labels and print images, supplemented with training and support services. The PI segment's focus on chemicals, cosmetics, food and beverage, medical products, nutraceuticals, pharmaceuticals, and other industries alongside brand owners, label converters, commercial printers, and packaging manufacturers, underlines its comprehensive approach to product identification solutions.
AstroNova's T&M segment offers a variety of products designed for data acquisition and analysis, crucial for aerospace and defense, automotive, commercial airline, energy, manufacturing, and transportation industries. Products include the ToughWriter, an airborne printer for hard copies of essential navigation and flight information; ToughSwitch ethernet switches for connecting computers or Ethernet devices; TMX data acquisition systems; Daxus DXS-100 distributed data acquisition platform; SmartCorder DDX100 portable data acquisition systems for facility and field testing; and Everest EV-5000, a digital strip chart recording system. These offerings underscore AstroNova's commitment to providing advanced, reliable solutions for testing and measurement applications across a broad spectrum of industries.