- \n
- \nBookings of $29.2 million\n<\/li>\n
- \nBacklog at quarter end of $22.5 million\n<\/li>\n
- \nRevenue of $29.4 million\n<\/li>\n
- \nOperating income of $1.1 million\n<\/li>\n
- \nNet income of $0.8 million, or $0.12 per diluted share\n<\/li>\n
- \nAdjusted EBITDA of $3.1 million, or 10.7% of revenue\n<\/li>\n<\/ul>\n
Fiscal Full-Year 2021 Financial Summary<\/b><\/p>\n
- \n
- \nBookings of $113.6 million\n<\/li>\n
- \nRevenue of $116.0 million\n<\/li>\n
- \nOperating income of $2.4 million\n<\/li>\n
- \nNet income of $1.3 million, or $0.18 per diluted share\n<\/li>\n
- \nAdjusted EBITDA of $10.9 million, or 9.4% of revenue\n<\/li>\n<\/ul>\n
WEST WARWICK, R.I.–(BUSINESS WIRE<\/a>)–
\nAstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, today announced financial results for the fiscal fourth quarter and full year ended January 31, 2021.\n<\/p>\n\n\u201cOur Product Identification segment performed extremely well in fiscal 2021, which marked the segment\u2019s eighth consecutive year of revenue growth,\u201d said Greg Woods, AstroNova\u2019s President and Chief Executive Officer. \u201cIn the fourth quarter Product Identification achieved 13.2 percent top-line growth compared to the same quarter last year and posted a record segment operating profit margin for the full year of 14.3 percent. Also in the quarter, we posted the highest number of color printer shipments in more than two years, boosted by a growing response to our enhanced digital marketing initiatives and a strong uptake of new products such as our T3-OPX overprinting solution. Consistent with our recurring revenue model, hardware demand is a leading indicator of demand for our supplies and services.\n<\/p>\n
\n\u201cIn our Test & Measurement segment, our fourth-quarter results continued to be hampered by the effects of the COVID-19 pandemic and the 737 MAX grounding on the aerospace industry,\u201d Woods said. \u201cBut with the MAX\u2019s recent return to service and positive news on the vaccine front, we are hopeful that the sequential revenue improvement we saw in our Test & Measurement segment in the fourth quarter marks the early signs of a recovery for the aerospace industry.\n<\/p>\n
\n\u201cFrom a geographic standpoint, international revenue grew to 44 percent of total revenue in the fourth quarter from 37 percent in the same period a year earlier,\u201d Woods said. \u201cWe saw particular strength in EMEA, where we recently enhanced our marketing team. In addition, we are expanding our presence in China with the opening of a second location, in the southern port city of Guangzhou, complementing our location in Shanghai\u2019s Pilot Free Trade Zone.\n<\/p>\n
\n\u201cWe navigated a challenging fiscal 2021 by focusing on the things within our control. Our first priority was protecting our team by deploying comprehensive global COVID-19 safety measures. Additionally, we moved quickly to realign our workforce, reduce costs and increase liquidity to ensure that we continued to make progress on our long-term strategic growth initiatives, including our innovation investments. As a result, we had no serious COVID-19-related illnesses among our global team; all our facilities remained open and operational; and\u2014despite a $17.4 million aerospace-driven decline in revenue\u2014we posted a full-year operating profit equal to fiscal 2020 and increased Adjusted EBITDA. We remain on pace to launch at least one major product each year, coupled with a range of technology innovations and ancillary products,\u201d Woods concluded.\n<\/p>\n
AstroNova Signs New Credit Agreement<\/b><\/p>\n
\nOn March 24, 2021, the Company entered into an amendment to the credit agreement with its current lender that provides for a term loan of $10 million and a revolving credit facility of $22.5 million, both expiring on September 30, 2025. In addition, the agreement provides, subject to satisfying certain lender conditions, for an uncommitted accordion provision of up to $10 million. At the closing of the agreement, AstroNova lowered its outstanding bank term loan debt to $10 million, a reduction of $2.6 million from January 31, 2021, with no amounts outstanding under the revolving credit facility.\n<\/p>\n
\n\u201cThe terms of our new credit agreement, including material increases in available credit, extended tenor, improved covenant and pricing terms, and reduced amortization requirements, reflect the operating performance improvements we have achieved in response to the recent market headwinds,\u201d said David Smith, AstroNova\u2019s Chief Financial Officer. \u201cThe new agreement supports both our near-to-medium term liquidity requirements and growth objectives.\u201d\n<\/p>\n
Fiscal Q4 2021 Operating Segment Results<\/b><\/p>\n
\nProduct Identification segment revenue was $23.4 million, compared with $20.6 million in the prior-year period. Segment operating income was $3.1 million, or 13.2% of revenue, compared with $0.5 million, or 2.5% of revenue, in the prior year, reflecting higher revenue, increased efficiencies and reductions in operating costs.\n<\/p>\n
\nTest & Measurement segment revenue was $6.1 million, compared with $9.8 million in the same period of fiscal 2020, due to the continued grounding of the Boeing 737 MAX and demand falloff in the aerospace industry related to COVID-19. The Test & Measurement segment recorded an operating profit of $0.3 million, or 4.6% of revenue, compared with segment operating income of $0.7 million, or 7.6% of revenue, in the comparable period of fiscal 2020, a direct result of declines in aerospace printer sales and adverse mix, despite lower manufacturing and operating costs.\n<\/p>\n
\nHardware revenue was $9.1 million, compared with $11.4 million in the prior-year period, reflecting the weakness in the Test & Measurement segment. Supplies revenue was $17.5 million versus $16.4 million in the same period of fiscal 2020. Service\/other revenue was $2.8 million, compared with $2.7 million a year earlier.\n<\/p>\n
Fiscal Q4 and FY 2021 Results Summary<\/b><\/p>\n
\nRevenue totaled $29.4 million in the fourth quarter of fiscal 2021, compared with $30.5 million in the year-earlier period, with a decline in Test & Measurement revenue partly offset by higher revenue in the Product Identification segment. For the full year, revenue was $116.0 million in fiscal 2021 compared with $133.4 million in fiscal 2020.\n<\/p>\n
\nGross profit was $11.0 million, or 37.3% of revenue in the fourth quarter of fiscal 2021, compared with $10.2 million, or 33.6% of revenue, in the same period of fiscal 2020. The increase reflected lower manufacturing costs in the 2021 period. For the full year, gross profit was $41.4 million, or 35.6% of revenue in fiscal 2021, compared with $48.8 million, or 36.5% of revenue, in fiscal 2020.\n<\/p>\n
\nOperating expenses totaled $9.8 million in the fourth quarter of fiscal 2021, down 17.3% compared with $11.9 million in the fourth quarter of fiscal 2020, reflecting the Company\u2019s cost-reduction actions. For the full year, operating expenses were $38.9 million in fiscal 2021, down 16% compared with $46.3 million in fiscal 2020.\n<\/p>\n
\nOperating income was $1.1 million in the fourth quarter of fiscal 2021, compared with an operating loss of $1.6 million in the fourth quarter of fiscal 2020. For the full year, operating income was $2.4 million for both fiscal 2021 and 2020.\n<\/p>\n
\nNet income was $0.8 million, or $0.12 per diluted share, in the fourth quarter of fiscal 2021 compared with a net loss of $1.3 million, or $0.19 per share, in the fourth quarter of fiscal 2020. Net income was $1.3 million, or $0.18 per diluted share, in fiscal 2021 compared with net income of $1.8 million, or $0.24 per diluted share, in fiscal 2020.\n<\/p>\n
\nAdjusted EBITDA, which the Company defines as earnings before interest, taxes, depreciation, amortization and share-based compensation, was $3.1 million for the fourth quarter of fiscal 2021, compared with $43,000 in the fourth quarter of fiscal 2020. For the full year, Adjusted EBITDA was $10.9 million in fiscal 2021 compared with $10.1 million in fiscal 2020. Adjusted EBITDA is a non-GAAP financial measure explained in greater detail below under \u201cUse of Non-GAAP Financial Measure.\u201d Please refer to the financial reconciliation table included in this news release for a reconciliation of net income (loss) to Adjusted EBITDA for the three and 12 months ended January 31, 2021 and 2020.\n<\/p>\n
\nBookings in the fourth quarter of fiscal 2021 were $29.2 million, compared with $36.0 million in the fourth quarter of fiscal 2020, primarily reflecting the decrease in Test & Measurement segment orders. Bookings were $113.6 million in fiscal 2021, compared with $136.3 million in fiscal 2020.\n<\/p>\n
\nBacklog as of January 31, 2021 was $22.5 million versus $25.2 million at the end of the fiscal 2020 fourth quarter.\n<\/p>\n
Earnings Conference Call<\/b><\/p>\n
\nAstroNova will discuss its fiscal fourth-quarter and full-year 2021 financial results in an investor conference call at 9:00 a.m. ET today. To participate on the conference call, please dial (800) 367-2403 (U.S. and Canada) or (334) 777-6978 (International) approximately 10 minutes prior to the start time and enter confirmation code 2525199.\n<\/p>\n
\nYou can hear a replay of the conference call from 12:00 p.m. ET Thursday, March 25, 2021 until 12:00 p.m. ET on Thursday, April 1, 2021 by dialing (888) 203-1112 (U.S. and Canada) or (719) 457-0820 (International). The passcode is 2525199. A real-time and an archived audio webcast of the call will be available through the \u201cInvestors\u201d section of the AstroNova website, https:\/\/investors.astronovainc.com<\/a>.\n<\/p>\n
Use of Non-GAAP Financial Measure<\/b><\/p>\n
\nIn addition to financial measures prepared in accordance with generally accepted accounting principles (GAAP), this news release contains the non-GAAP financial measure Adjusted EBITDA, which AstroNova defines as earnings before interest, taxes, depreciation, amortization and share-based compensation. AstroNova believes that the inclusion of this non-GAAP financial measure helps investors gain a meaningful understanding of changes in the Company’s core operating results, and also can help investors who wish to make comparisons between AstroNova and other companies on both a GAAP and a non-GAAP basis. AstroNova\u2019s management uses Adjusted EBITDA, in addition to GAAP financial measures, as the basis for measuring its core operating performance and comparing such performance to that of prior periods and to the performance of its competitors. Adjusted EBITDA also is used by the Company\u2019s management to assist with their financial and operating decision-making.\n<\/p>\n
About AstroNova<\/b><\/p>\n
\nAstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies since 1969, designs, manufactures, distributes, and services a broad range of products that acquire, store, analyze, and present data in multiple formats. The Product Identification segment offers a complete line-up of labeling hardware and supplies, allowing customers to mark, track, and enhance their products’ appearance. The segment is comprised of three business units: QuickLabel\u00ae, the industry leader in tabletop digital color label printing; TrojanLabel\u00ae, an innovative leader for professional label presses; and GetLabels\u2122, the premier supplier of label materials, inks, toners, ribbons, and adhesives, all compatible with the major printer brands. Supported by AstroNova’s customer application experts and technology leadership in printing, material science, and high-speed data processing, customers benefit from an optimized, “total solution” approach. The Test and Measurement segment includes the AstroNova Aerospace business unit, which designs and manufactures flight deck printers, networking hardware, and related accessories serving the world’s aerospace and defense industries with proven advanced airborne technology solutions for the cockpit and the cabin; and the Test and Measurement business unit, which offers a suite of products and services that acquire, record, and analyze electronic signal data from local and networked sensors. AstroNova is a member of the Russell Microcap\u00ae Index and the LD Micro Index (INDEXNYSEGIS: LDMICRO). Additional information is available by visiting www.astronovainc.com<\/a>.\n<\/p>\n
Forward-Looking Statements<\/b><\/p>\n
\nInformation included in this news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but rather reflect our current expectations concerning future events and results. These statements may include the use of the words \u201cbelieves,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201clikely,\u201d \u201ccontinues,\u201d \u201cmay,\u201d \u201cwill,\u201d and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning the Company\u2019s new credit agreement, the outlook for the aerospace industry, the Company\u2019s product development plans and anticipated financial liquidity, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, those factors set forth in the Company\u2019s Annual Report on Form 10-K for the fiscal year ended January 31, 2020 and subsequent filings AstroNova makes with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this news release.\n<\/p>\n
\n
\n ASTRONOVA, INC.<\/b><\/td>\n<\/tr>\n \n Condensed Consolidated Statements of Income<\/b><\/td>\n<\/tr>\n \n In Thousands Except for Per Share Data<\/b><\/td>\n<\/tr>\n \n (Unaudited)<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \nThree Months Ended\n<\/p>\n<\/td>\n
\n \nTwelve Months Ended\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n January 31, 2021<\/b><\/p>\n<\/td>\n
\n \n \nJanuary 31, 2020\n<\/p>\n<\/td>\n
\n \n January 31, 2021<\/b><\/p>\n<\/td>\n
\n \n \nJanuary 31, 2020\n<\/p>\n<\/td>\n<\/tr>\n
\n Net Revenue<\/td>\n \n \n $<\/b><\/p>\n<\/td>\n
\n 29,438<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n30,479\n<\/p>\n<\/td>\n
\n \n $<\/b><\/p>\n<\/td>\n
\n 116,033<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n133,446\n<\/p>\n<\/td>\n<\/tr>\n
\n Cost of Revenue<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 18,456<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n20,234\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 74,673<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n84,688\n<\/p>\n<\/td>\n<\/tr>\n
\n Gross Profit<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 10,982<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n10,245\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 41,360<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n48,758\n<\/p>\n<\/td>\n<\/tr>\n
\n Total Gross Profit Margin<\/i><\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 37.3%<\/b><\/i><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 33.6%<\/i><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 35.6%<\/b><\/i><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 36.5%<\/i><\/p>\n<\/td>\n<\/tr>\n
\n Operating Expenses:<\/td>\n \n \n \n \n \n \n \n <\/tr>\n \n Selling & Marketing<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 6,267<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n6,762\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 23,301<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n26,884\n<\/p>\n<\/td>\n<\/tr>\n
\n Research & Development<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 1,361<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2,216\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 6,206<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n8,084\n<\/p>\n<\/td>\n<\/tr>\n
\n General & Administrative<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 2,206<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2,912\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 9,420<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n11,357\n<\/p>\n<\/td>\n<\/tr>\n
\n Total Operating Expenses<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 9,834<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n11,890\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 38,927<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n46,325\n<\/p>\n<\/td>\n<\/tr>\n
\n Operating Income (Loss)<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 1,148<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(1,645)\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 2,433<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2,433\n<\/p>\n<\/td>\n<\/tr>\n
\n Total Operating Margin<\/i><\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 3.9%<\/b><\/i><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n -5.4%<\/i><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 2.1%<\/b><\/i><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 1.8%<\/i><\/p>\n<\/td>\n<\/tr>\n
\n Other Income (Expense) , net<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 204<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(275)\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n (254)<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(1,063)\n<\/p>\n<\/td>\n<\/tr>\n
\n Income (Loss) Before Taxes<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 1,352<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(1,920)\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 2,179<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,370\n<\/p>\n<\/td>\n<\/tr>\n
\n Income Tax Provision (Benefit)<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 516<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(572)\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 895<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(389)\n<\/p>\n<\/td>\n<\/tr>\n
\n Net Income (Loss)<\/td>\n \n \n $<\/b><\/p>\n<\/td>\n
\n 836<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n(1,348)\n<\/p>\n<\/td>\n
\n \n $<\/b><\/p>\n<\/td>\n
\n 1,284<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n1,759\n<\/p>\n<\/td>\n<\/tr>\n
\n Net Income (Loss) per Common Share – Basic<\/td>\n \n \n $<\/b><\/p>\n<\/td>\n
\n 0.12<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n(0.19)\n<\/p>\n<\/td>\n
\n \n $<\/b><\/p>\n<\/td>\n
\n 0.18<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n0.25\n<\/p>\n<\/td>\n<\/tr>\n
\n Net Income (Loss) per Common Share – Diluted<\/td>\n \n \n $<\/b><\/p>\n<\/td>\n
\n 0.12<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n(0.19)\n<\/p>\n<\/td>\n
\n \n $<\/b><\/p>\n<\/td>\n
\n 0.18<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n0.24\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n Weighted Average Number of Common Shares – Basic<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 7,124<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n7,057\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 7,104<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n7,024\n<\/p>\n<\/td>\n<\/tr>\n
\n Weighted Average Number of Common Shares – Diluted<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 7,261<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n7,136\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 7,166<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n7,238\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n ASTRONOVA, INC.<\/b><\/td>\n<\/tr>\n \n Balance Sheet<\/b><\/td>\n<\/tr>\n \n In Thousands<\/b><\/td>\n<\/tr>\n \n (Unaudited)<\/b><\/td>\n<\/tr>\n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n January 31, 2021<\/b><\/p>\n<\/td>\n
\n \n \nJanuary 31, 2020\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n ASSETS<\/td>\n \n \n \n <\/tr>\n \n CURRENT ASSETS<\/td>\n \n \n \n <\/tr>\n \n Cash and Cash Equivalents<\/td>\n \n \n $<\/b><\/p>\n<\/td>\n
\n 11,439<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n4,249\n<\/p>\n<\/td>\n<\/tr>\n
\n Accounts Receivable, net<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 17,415<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n19,784\n<\/p>\n<\/td>\n<\/tr>\n
\n Inventories, net<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 30,060<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n33,925\n<\/p>\n<\/td>\n<\/tr>\n
\n Prepaid Expenses and Other Current Assets<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 1,807<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2,193\n<\/p>\n<\/td>\n<\/tr>\n
\n Total Current Assets<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 60,721<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n60,151\n<\/p>\n<\/td>\n<\/tr>\n
\n PROPERTY, PLANT AND EQUIPMENT<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 50,839<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n48,046\n<\/p>\n<\/td>\n<\/tr>\n
\n Less Accumulated Depreciation<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n (38,828)<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(36,778)\n<\/p>\n<\/td>\n<\/tr>\n
\n Property, Plant and Equipment, net<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 12,011<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n11,268\n<\/p>\n<\/td>\n<\/tr>\n
\n OTHER ASSETS<\/td>\n \n \n \n <\/tr>\n \n Intangible Assets, net<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 21,502<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n25,383\n<\/p>\n<\/td>\n<\/tr>\n
\n Goodwill<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 12,806<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n12,034\n<\/p>\n<\/td>\n<\/tr>\n
\n Deferred Tax Assets<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 5,941<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n5,079\n<\/p>\n<\/td>\n<\/tr>\n
\n Right of Use Asset<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 1,389<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,661\n<\/p>\n<\/td>\n<\/tr>\n
\n Other Assets<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 1,103<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,088\n<\/p>\n<\/td>\n<\/tr>\n
\n TOTAL ASSETS<\/td>\n \n \n $<\/b><\/p>\n<\/td>\n
\n 115,473<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n116,664\n<\/p>\n<\/td>\n<\/tr>\n
\n LIABILITIES AND SHAREHOLDERS\u2019 EQUITY<\/td>\n \n \n \n <\/tr>\n \n CURRENT LIABILITIES<\/td>\n \n \n \n <\/tr>\n \n Accounts Payable<\/td>\n \n \n $<\/b><\/p>\n<\/td>\n
\n 5,734<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n4,409\n<\/p>\n<\/td>\n<\/tr>\n
\n Accrued Compensation<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 2,852<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2,700\n<\/p>\n<\/td>\n<\/tr>\n
\n Other Liabilities and Accrued Expenses<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 3,939<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n4,711\n<\/p>\n<\/td>\n<\/tr>\n
\n Current Portion of Long-Term Debt<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 5,326<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n5,208\n<\/p>\n<\/td>\n<\/tr>\n
\n Revolving Credit Facility<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \u2013<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n6,500\n<\/p>\n<\/td>\n<\/tr>\n
\n Current Portion of Royalty Obligation<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 2,000<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2,000\n<\/p>\n<\/td>\n<\/tr>\n
\n Current Liability \u2013 Excess Royalty Payment Due<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 177<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n773\n<\/p>\n<\/td>\n<\/tr>\n
\n Deferred Revenue<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 285<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n466\n<\/p>\n<\/td>\n<\/tr>\n
\n Income Taxes Payable<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 655<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \u2013<\/b><\/p>\n<\/td>\n<\/tr>\n
\n Total Current Liabilities<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 20,968<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n26,767\n<\/p>\n<\/td>\n<\/tr>\n
\n NON-CURRENT LIABILITIES<\/td>\n \n \n \n <\/tr>\n \n Long-Term Debt, net of current portion<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 7,109<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n7,715\n<\/p>\n<\/td>\n<\/tr>\n
\n Royalty Obligation, net of current portion<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 6,161<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n8,012\n<\/p>\n<\/td>\n<\/tr>\n
\n Long-Term Debt – PPP Loan<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 4,422<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u2013\n<\/p>\n<\/td>\n<\/tr>\n
\n Lease Liability, net of current portion<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 1,065<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,279\n<\/p>\n<\/td>\n<\/tr>\n
\n Other Long-Term Liabilities<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 681<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,081\n<\/p>\n<\/td>\n<\/tr>\n
\n Deferred Tax Liabilities<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 384<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n435\n<\/p>\n<\/td>\n<\/tr>\n
\n TOTAL LIABILITIES<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 40,790<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n45,289\n<\/p>\n<\/td>\n<\/tr>\n
\n SHAREHOLDERS\u2019 EQUITY<\/td>\n \n \n \n <\/tr>\n \n Common Stock<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 521<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n517\n<\/p>\n<\/td>\n<\/tr>\n
\n Additional Paid-in Capital<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 58,049<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n56,130\n<\/p>\n<\/td>\n<\/tr>\n
\n Retained Earnings<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 50,085<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n49,298\n<\/p>\n<\/td>\n<\/tr>\n
\n Treasury Stock<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n (33,588)<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(33,477)\n<\/p>\n<\/td>\n<\/tr>\n
\n Accumulated Other Comprehensive Loss, net of tax<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n (384)<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(1,093)\n<\/p>\n<\/td>\n<\/tr>\n
\n TOTAL SHAREHOLDERS\u2019 EQUITY<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 74,683<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n71,375\n<\/p>\n<\/td>\n<\/tr>\n
\n TOTAL LIABILITIES AND SHAREHOLDERS\u2019 EQUITY<\/td>\n \n \n $<\/b><\/p>\n<\/td>\n
\n 115,473<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n116,664\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n \n ASTRONOVA, INC.<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n Revenue and Segment Operating Profit<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n In Thousands<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n (Unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n Revenue<\/b><\/p>\n<\/td>\n
\n \n Segment Operating Profit (Loss)<\/b><\/p>\n<\/td>\n
\n \n Revenue<\/b><\/p>\n<\/td>\n
\n \n Segment Operating Profit (Loss)<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \nThree Months Ended\n<\/p>\n<\/td>\n
\n \n \nThree Months Ended\n<\/p>\n<\/td>\n
\n \n \nTwelve Months Ended\n<\/p>\n<\/td>\n
\n \n \nTwelve Months Ended\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n January 31, 2021<\/b><\/p>\n<\/td>\n
\n \n \nJanuary 31, 2020\n<\/p>\n<\/td>\n
\n \n January 31, 2021<\/b><\/p>\n<\/td>\n
\n \n \nJanuary 31, 2020\n<\/p>\n<\/td>\n
\n \n January 31, 2021<\/b><\/p>\n<\/td>\n
\n \n \nJanuary 31, 2020\n<\/p>\n<\/td>\n
\n \n January 31, 2021<\/b><\/p>\n<\/td>\n
\n \n \nJanuary 31, 2020\n<\/p>\n<\/td>\n<\/tr>\n
\n Product Identification<\/td>\n \n \n $<\/b><\/p>\n<\/td>\n
\n 23,361<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n20,632\n<\/p>\n<\/td>\n
\n \n $<\/b><\/p>\n<\/td>\n
\n 3,072<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n519\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n $<\/b><\/p>\n<\/td>\n
\n 90,268<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n88,116\n<\/p>\n<\/td>\n
\n \n $<\/b><\/p>\n<\/td>\n
\n 12,885<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n7,509\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Test & Measurement<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 6,077<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n9,847\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 282<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n748\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 25,765<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n45,330\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n (1,032<\/b><\/p>\n<\/td>\n
\n )<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n6,281\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Total<\/td>\n \n \n $<\/b><\/p>\n<\/td>\n
\n 29,438<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n30,479\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 3,354<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,267\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n $<\/b><\/p>\n<\/td>\n
\n 116,033<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n133,446\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 11,853<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n13,790\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Corporate Expenses<\/td>\n \n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 2,206<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2,912\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 9,420<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n11,357\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Operating Income (Loss)<\/td>\n \n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 1,148<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(1,645\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 2,433<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2,433\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Other Income (Expense), net<\/td>\n \n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 204<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(275\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n (254<\/b><\/p>\n<\/td>\n
\n )<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(1,063\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n<\/tr>\n
\n Income (Loss) Before Income Taxes<\/td>\n \n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 1,352<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(1,920\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 2,179<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,370\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n Income Tax Provision (Benefit)<\/td>\n \n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 516<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(572\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n \n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 895<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(389\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n<\/tr>\n
\n Net Income (Loss)<\/td>\n \n \n \n \n \n \n $<\/b><\/p>\n<\/td>\n
\n 836<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n(1,348\n<\/p>\n<\/td>\n
\n \n)\n<\/p>\n<\/td>\n
\n \n \n \n \n \n $<\/b><\/p>\n<\/td>\n
\n 1,284<\/b><\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n1,759\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n<\/table>\n \n
\n ASTRONOVA, INC.<\/b><\/td>\n<\/tr>\n \n Reconciliation of Net Income (Loss) to Adjusted EBITDA<\/b><\/td>\n<\/tr>\n \n Amounts in Thousands<\/b><\/td>\n<\/tr>\n \n \n (Unaudited)<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \nThree Months Ended\n<\/p>\n<\/td>\n
\n \n \nTwelve Months Ended\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n January 31, 2021<\/b><\/p>\n<\/td>\n
\n \n \nJanuary 31, 2020\n<\/p>\n<\/td>\n
\n \n January 31, 2021<\/b><\/p>\n<\/td>\n
\n \n \nJanuary 31, 2020\n<\/p>\n<\/td>\n<\/tr>\n
\n Net Income (Loss) \u2212 GAAP<\/td>\n \n \n $<\/b><\/p>\n<\/td>\n
\n 836<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n(1,348)\n<\/p>\n<\/td>\n
\n \n $<\/b><\/p>\n<\/td>\n
\n 1,284<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n1,759\n<\/p>\n<\/td>\n<\/tr>\n
\n Interest Expense<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 253<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n174\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 955<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n682\n<\/p>\n<\/td>\n<\/tr>\n
\n Income Tax Provision (Benefit)<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 516<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(572)\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 895<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n(389)\n<\/p>\n<\/td>\n<\/tr>\n
\n Share-Based Compensation<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 132<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n199\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 1,819<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,775\n<\/p>\n<\/td>\n<\/tr>\n
\n Depreciation\/Amortization<\/td>\n \n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 1,412<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1,590\n<\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n 5,983<\/b><\/p>\n<\/td>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n6,284\n<\/p>\n<\/td>\n<\/tr>\n
\n Adjusted EBITDA<\/td>\n \n \n $<\/b><\/p>\n<\/td>\n
\n 3,149<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n43\n<\/p>\n<\/td>\n
\n \n $<\/b><\/p>\n<\/td>\n
\n 10,936<\/b><\/p>\n<\/td>\n
\n \n \n$\n<\/p>\n<\/td>\n
\n \n10,111\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n\u00a0\n<\/p>\n
<\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210325005253\/en\/<\/a><\/span><\/p>\n
\nScott Solomon
\n
Senior Vice President
\n
Sharon Merrill Associates
\n
(857) 383-2409
\n
ALOT@investorrelations.com<\/a><\/p>\nKEYWORDS:<\/b> Rhode Island United States North America<\/p>\n
INDUSTRY KEYWORDS:<\/b> Consumer Electronics Technology Aerospace Other Technology Manufacturing Hardware<\/p>\n
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<\/td>\n<\/tr>\n