Financial Analysis

Note 2Acquisition On May 4, 2024 , AstroNova, along with its wholly-owned Portuguese subsidiary, AstroNova Portugal, Unipessoal, Lda (the Purchaser) entered into a Share Purchase Agreement (the Purchase Agreement) with Effort Premier Solutions Lda., a private limited company incorporated under the laws of Portugal (the Seller) and Eloi Serafim Alves Ferreira, as a guarantor (the Guarantor). In accordance with the terms and subject to the conditions set forth in the Purchase Agreement, the Purchaser acquired from the Seller, 100 % of the issued and outstanding share capital of MTEX New Solution, S.A.(MTEX), a joint stock company with limited liability incorporated under the laws of Portugal. The closing date for the acquisition was May 6, 2024 . This transaction is a business combination and accounted for using the acquisition method as prescribed by ASC 805, Business Combinations. Purchase Price Allocation A summary of the fair value of the consideration transferred as of the acquisition closing date is presented in the table below: The approach to valuing the initial contingent consideration relating to the earn-out requires the use of unobservable factors such as projected revenues over the term of the earn-out periods, discounted for the period over which the initial contingent consideration is measured, and relevant volatility rates. Based upon these assumptions, the earn-out contingent consideration was valued using an option pricing model, which resulted in the estimate …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

Note 22Commitments and Contingencies In order to meet our manufacturing demands and, in some cases, lock in particular pricing structures for specific goods used in manufacturing, we enter into purchase commitments with our suppliers. At January 31, 2026, our purchase commitments totaled $ 23.3 million, with $ 22.9 million due within 12 months, some of which are non-cancelable. We are also subject to contingencies, including legal proceedings and claims arising in the normal course of business that cover a wide range of matters including, among others, contract and employment claims; workers compensation claims; product liability; warranty and modification; and adjustment or replacement of component parts of units sold. Direct costs associated with the estimated resolution of contingencies are accrued at the earliest date at which it is deemed probable that a liability has been incurred and the amount of such liability can be reasonably estimated. While it is impossible to ascertain the ultimate legal and financial liability with respect to contingent liabilities, including lawsuits, we believe that the aggregate amount of such liabilities, if any, in excess of amounts provided or covered by insurance, will not have a material adverse effect on the consolidated financial position or results of operations. It is possible, however, that results of operations for any future period could be materially affected by changes in our assumptions or strategies related to these contingen …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Note 18Employee Benefit Plans We sponsor a Profit-Sharing Plan (the Plan) which provides retirement benefits to all eligible domestic employees. The Plan allows participants to defer a portion of their cash compensation and contribute such deferral to the Plan through payroll deductions. The Company makes matching contributions up to specified levels. The deferrals are made within the limits prescribed by Section 401(k) of the Internal Revenue Code. All contributions are deposited into trust funds. It is our policy to fund any contributions accrued. Our annual contribution amounts are determined by the Board of Directors. Contributions paid or accrued amounted to $ 0.5 million in 2026, $ 0.6 million in fiscal 2025 and $ 0.5 million in fiscal 2024. …

CompensationAndEmployeeBenefitPlansTextBlock · excerpt; the full note is in the filing

Note 8Credit Agreement and Debt Facilities Credit Agreement On October 31, 2025, we entered into a Sixth Amendment to Amended and Restated Credit Agreement (the Amendment) with Bank of America, N.A., as lender (the Lender). The Amendment amended and otherwise modified the Amended and Restated Credit Agreement dated as of July 30, 2020, as previously amended and otherwise modified, including, but not limited to, by the Fifth Amendment to Amended and Restated Credit Agreement and Waiver Agreement dated as of September 8, 2025 (such Amended and Restated Credit Agreement, as so previously amended and otherwise modified, the Existing Credit Agreement; the Existing Credit Agreement, as amended and otherwise modified by the Amendment, the Amended Credit Agreement), among the Company as borrower, Astro Machine Corporation (Astro Machine) as guarantor, and the Lender. The Amended Credit Agreement provides for, among other modifications of the Existing Credit Agreement, (i) an increase in the aggregate principal amount of the revolving credit facility commitment thereunder from $ 25,000,000 to $ 27,500,000 until July 31, 2026, after which the aggregate principal amount of the revolving credit facility will reduce to $ 25,000,000 ; (ii) an extension of the maturity date of the revolving credit facility thereunder from August 4, 2027 to August 4, 2028 ; and (iii) the refinancing of the existing term loans under the Existing Credit Agreement into a new term loan in the principal amount of …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Revenues disaggregated by primary geographic markets and major product types are as follows: Primary geographical markets: (In thousands) 2026 (1) 2025 2024 United States $ 90,720 $ 89,466 $ 84,757 Europe 39,711 39,121 41,761 Canada 6,996 8,210 8,742 Asia 7,075 8,018 7,216 Central and South America 4,748 4,967 4,221 Other 1,265 1,501 1,389 Total Revenue $ 150,515 $ 151,283 $ 148,086 (1) Includes $ 1,020,000 of revenue for tariff-related pass-through charges to customers. Major product types: (In thousands) 2026 (1) 2025 2024 Hardware $ 46,649 $ 44,632 $ 49,440 Supplies 80,852 81,423 79,252 Service and Other 23,014 25,228 19,394 Total Revenue $ 150,515 $ 151,283 $ 148,086

DisaggregationOfRevenueTableTextBlock

Note 15Share-Based Compensation The Company maintains the following share-based compensation plans: Stock Plans: We have one equity incentive plan from which we are authorized to grant equity awards, the AstroNova, Inc. 2018 Equity Incentive Plan (the 2018 Plan). The 2018 Plan provides for, among other things, the issuance of awards, including incentive stock options, non-qualified stock options, stock appreciation rights, time-based restricted stock units (RSUs), or performance-based restricted stock units (PSUs) and restricted stock awards (RSAs). The 2018 Plan authorizes the issuance of up to 1,550,000 shares of common stock , plus an additional number of shares equal to the number of shares subject to outstanding awards under our prior 2015 Equity Incentive Plan that are forfeited, canceled, satisfied without the issuance of stock, otherwise terminated (other than by exercise),or, for shares of stock issued pursuant to any unvested award, that are reacquired by us at not more than the grantees purchase price (other than by exercise). Under the 2018 Plan, all awards to employees generally have a minimum vesting period of one year. Options granted under the 2018 Plan must be issued at an exercise price of not less than the fair market value of our common stock on the date of grant and expire after ten years. Under the 2018 Plan, there were 475,316 unvested RSUs; 16,216 unvested PSUs; and options to purchase an aggregate of 146,500 shares outstanding as of January 31, 2026. …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Note 23Fair Value Measurements Assets and Liabilities Not Recorded at Fair Value on the Consolidated Balance Sheet Our long-term debt, including the current portion, not reflected in the financial statements at fair value, is reflected in the table below: Fair Value Measurement at January 31, 2026 (In thousands) Level 1 Level 2 Level 3 Total Carrying Value Long-Term Debt and Related Current Maturities $ $ $ 21,565 $ 21,565 $ 21,436 Fair Value Measurement at January 31, 2025 (In thousands) Level 1 Level 2 Level 3 Total Carrying Value Long-Term Debt and Related Current Maturities $ $ $ 25,202 $ 25,202 $ 25,239 The fair value of our long-term debt, including the current portion, is estimated by discounting the future cash flows using current interest rates at which similar borrowings with the same maturities would be made to borrowers with similar credit ratings and is classified as Level 3. …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

"Note 16Income Taxes The components of income (loss) before income taxes are as follows for the years ended January 31,: (In thousands) 2026 2025 2024 Domestic $ ( 3,624 ) $ 5,605 $ 5,448 Foreign 1,088 ( 17,892 ) 625 $ ( 2,536 ) $ ( 12,287 ) $ 6,073 The components of the provision for income taxes are as follows for the years ended January 31,: (In thousands) 2026 2025 2024 Current: Federal $ 164 $ 1,125 $ 966 State 43 134 71 Foreign 1,022 153 420 $ 1,229 $ 1,412 $ 1,457 Deferred: Federal $ ( 800 ) $ ( 621 ) $ ( 32 ) State ( 191 ) ( 13 ) 2 Foreign ( 398 ) 1,424 ( 48 ) $ ( 1,389 ) $ 790 $ ( 78 ) $ ( 160 ) $ 2,202 $ 1,379 The following table presents a reconciliation of income taxes calculated at the statutory rate and the provision for income taxes: (In thousands) 2026 2025 2024 U.S. Federal Statutory Tax Rate $ ( 533 ) 21.0 % $ ( 2,579 ) 21.0 % $ 1,275 21.0 % State and local income tax, net of federal (national) income tax effect (1) ( 117 ) 4.6 % 96 ( 0.8 )% 56 0.9 % Foreign tax effects Canada Return to Provision Adjustment ( 32 ) 1.3 % ( 56 ) 0.5 % Statutory rate difference between Canada and United States 4 ( 0.2 )% 16 ( 0.1 )% 356 5.9 % France Statutory rate difference between France and United States 114 ( 4.5 )% ( 1 ) 41 0.7 % Return to Provision Adjustment ( 94 ) 0.8 % 90 1.5 % Germany German Trade Tax 145 ( 5.7 )% 147 ( 1.2 )% 107 1.8 % Statutory rate difference between Germany and United States ( 114 ) 4.5 % ( 58 ) 0.5 % ( 284 ) ( 4.7 )% Other 6 ( 0.2 )% 8 ( 0.1 )% 6 …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Note 11Leases We enter into lease contracts for certain of our facilities at various locations worldwide. Our leases have remaining lease terms of one to ten years, some of which include options to extend the lease term for periods of up to five years when it is reasonably certain that we will exercise such options. Balance sheet and other information related to our leases is as follows: Operating Leases (In thousands) Balance Sheet Classification January 31, 2026 January 31, 2025 Lease Assets Right of Use Assets $ 2,466 $ 1,781 Lease LiabilitiesCurrent Other Accrued Expenses $ 584 $ 320 Lease LiabilitiesLong Term Lease Liabilities $ 1,953 $ 1,535 Lease cost information is as follows: Operating Leases (In thousands) Statement of Income Classification 2026 2025 Operating Lease Costs General and Administrative Expense $ 702 $ 410 At January 31, 2026, maturities of operating lease liabilities are as follows: (In thousands) 2027 $ 721 2028 635 2029 449 2030 365 2031 255 Thereafter 577 Total Lease Payments 3,002 Less: Imputed Interest ( 465 ) Total Lease Liabilities $ 2,537 As of January 31, 2026, the weighted-average remaining lease term and weighted-average discount rate for our operating leases are 6.0 years and 6.19 %, respectively. We calculated the weighted-average discount rate using incremental borrowing rates, which equal the rates of interest that we would pay to borrow funds on a fully collateralized basis over a similar term. Supplemental cash flow information related …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

"Recent Accounting Pronouncements Financial Standards Board Updates Adopted During Fiscal 2026 In December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09) to enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation and income taxes paid information. ASU 2023-09 modifies the requirement for income tax disclosures to include (1) specific categories in the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated between domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal, state and foreign). ASU 2023-09 also requires entities to disclose their income tax payments to international, federal, state and local jurisdictions. The guidance is effective for annual periods beginning after December 15, 2024. We adopted this standard for our year ending January 31, 2026 , and applied it retrospectively to all prior periods present ed. T he adoption of ASU 2023-09 did no t have an impact on our consolidated financial statements, other than increased disclosure to comply with this standard. Refer to Note 16, "" Income Taxes,"" for these disclosures as required by ASU 2023-09. Financial Accounting Standards Board Updates Not Yet Adopted In December 2025, the FASB issued ASU 2025- …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Note 20Restructuring On March 20, 2025, we announced our restructuring actions for fiscal 2026, which include the reduction of approximately 10 % of the Companys global workforce, primarily in the Product ID segment, and the realignment of our underperforming MTEX operation in Portugal. As part of this initiative, we have cut approximately 70 % of the MTEX product portfolio, phasing out low-volume, low-profit and developmental models in the nascent fabric printing market to focus more resources on much higher-margin products that capitalize on our supplies business. In addition, all MTEX sales, marketing and customer support functions have been integrated into our global teams to improve accountability and performance. We anticipate our restructuring actions to generate approximately $ 3.0 million in annualized savings and expect to complete the planned actions by the second quarter of fiscal 2027. As a result of the adoption and implementation of the above restructuring actions, as of January 31, 2026, we have recognized total pre-tax restructuring charges of $ 1.4 million, comprised primarily of cash charges related to severance-related costs. Below is a summary of the restructuring costs and liabilities by type as of January 31, 2026. (in thousands) Restructuring Costs Amounts paid through January 31, 2026 Restructuring Liability Severance and Employee Related Costs $ 1,267 $ ( 1,023 ) $ 244 Other Restructuring Costs 90 ( 90 ) Total $ 1,357 $ ( 1,113 ) $ 244 The following …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Note 3Revenue Recognition We derive revenue from the sale of (i) hardware, including digital color label printers and specialty OEM printing systems, portable data acquisition systems and airborne printers used in the flight deck and interior of commercial, business and military aircraft, (ii) related consumable supplies including paper, labels, tags, inks, toners and ribbons, (iii) repairs and maintenance of equipment and (iv) service agreements. Revenues disaggregated by primary geographic markets and major product types are as follows: Primary geographical markets: (In thousands) 2026 (1) 2025 2024 United States $ 90,720 $ 89,466 $ 84,757 Europe 39,711 39,121 41,761 Canada 6,996 8,210 8,742 Asia 7,075 8,018 7,216 Central and South America 4,748 4,967 4,221 Other 1,265 1,501 1,389 Total Revenue $ 150,515 $ 151,283 $ 148,086 (1) Includes $ 1,020,000 of revenue for tariff-related pass-through charges to customers. Major product types: (In thousands) 2026 (1) 2025 2024 Hardware $ 46,649 $ 44,632 $ 49,440 Supplies 80,852 81,423 79,252 Service and Other 23,014 25,228 19,394 Total Revenue $ 150,515 $ 151,283 $ 148,086 (1) Includes $ 1,020,000 of tariff revenue for tariff-related pass-through charges to customers. Revenue for the years ended January 31, 2025 and January 31, 2024 included approximately $ 0.8 million and $ 1.3 million, respectively, recognized under an amended customer contract with one of our Aerospace customers, which was executed in December 2022 related to claim …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Note 17Segment Reporting and Geographical Information Our operations consist of the design, development, manufacture and sale of specialty printers and data acquisition and analysis systems, including both hardware and software and related consumable supplies. We organize and manage our business as a portfolio of products and services designed around a common theme of data acquisition and information output. We have two reporting segments consistent with our revenue product groups: Product Identification (Product ID) and Aerospace. Effective February 1, 2025, we changed the name of our Test & Measurement segment to Aerospace to better reflect the end markets we serve in that segment. Our Product ID segment produces an array of high-technology digital color and monochrome label printers and mini presses, labeling software and supplies for a variety of commercial industries worldwide. Our Aerospace segment produces our line of aerospace flight deck and cabin printers, as well as specialty airborne certified networking hardware and related supplies and services. The Aerospace segment also includes data acquisition systems used worldwide for a variety of recording, monitoring and troubleshooting applications for many industries including aerospace, automotive, defense, rail, energy, industrial and general manufacturing. Our chief operating decision maker (CODM) has been identified as the President and Chief Executive Officer . The CODM regularly receives and uses discrete fin …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Note 14Shareholders Equity During fiscal years 2026 and 2025, certain of our employees delivered a total of 20,202 and 26,179 shares, respectively, of our common stock to satisfy the exercise price and related taxes for stock options exercised and restricted stock vesting. The shares delivered were valued at a total of $ 0.2 million and $ 0.5 million, respectively, and are included in treasury stock in the accompanying consolidated balance sheets at January 31, 2026 and 2025. These transactions did not impact the number of shares authorized for repurchase under our current repurchase program. …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Note 8 Credit Agreement and Debt Facilities On October 31, 2025, we entered into a Sixth Amendment to Amended and Restated Credit Agreement (the Amendment) with Bank of America, N.A., as lender (the Lender). The Amendment amended and otherwise modified the Amended and Restated Credit Agreement dated as of July 30, 2020, as previously amended and otherwise modified, including, but not limited to, by the Fifth Amendment to Amended and Restated Credit Agreement and Waiver Agreement dated as of September 8, 2025 (such Amended and Restated Credit Agreement, as so previously amended and otherwise modified, the Existing Credit Agreement; the Existing Credit Agreement, as amended and otherwise modified by the Amendment, the Amended Credit Agreement), among the Company as borrower, Astro Machine Corporation (Astro Machine) as guarantor, and the Lender. The Amended Credit Agreement provides for, among other modifications of the Existing Credit Agreement, (i) an increase in the aggregate principal amount of the revolving credit facility commitment thereunder from $ 25,000,000 to $ 27,500,000 until July 31, 2026, after which the aggregate principal amount of the revolving credit facility will reduce to $ 25,000,000 ; (ii) an extension of the maturity date of the revolving credit facility thereunder from August 4, 2027 to August 4, 2028 ; and (iii) the refinancing of the existing term loans under the Existing Credit Agreement into a new term loan in the principal amount of $ 10,000,000 (t …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Revenues disaggregated by primary geographic markets and major product types are as follows: Primary geographical markets: Three Months Ended (In thousands) April 30, 2026 April 30, 2025 United States $ 24,078 (1) $ 22,671 Europe 10,208 9,886 Canada 1,559 1,506 Asia 1,685 1,960 Central and South America 1,307 1,343 Other 527 342 Total Revenue $ 39,364 $ 37,708 (1) Includes $ 707,000 of revenue for tariff-related pass-through charges to customers. Major product types: Three Months Ended (In thousands) April 30, 2026 April 30, 2025 Hardware $ 13,775 $ 11,295 Supplies 19,848 21,080 Service and Other 5,741 (1) 5,333 Total Revenue $ 39,364 $ 37,708 (1) Includes $ 707,000 of revenue for tariff-related pass-through charges to customers.

DisaggregationOfRevenueTableTextBlock

Note 14 Share-Based Compensation We have one equity incentive plan from which we are authorized to grant equity awards, the AstroNova, Inc. 2018 Equity Incentive Plan (the 2018 Plan). The 2018 Plan provides for, among other things, the issuance of awards, including incentive stock options, non-qualified stock options, stock appreciation rights, time-based restricted stock units (RSUs), or performance-based restricted stock units (PSUs) and restricted stock awards (RSAs). The 2018 Plan authorizes the issuance of up to 1,550,000 shares of common stock, plus an additional number of shares equal to the number of shares subject to awards granted under our prior 2015 Equity Incentive Plan that are forfeited, canceled, satisfied without the issuance of stock, otherwise terminated (other than by exercise), or, for shares of stock issued pursuant to any unvested award, that are reacquired by us at not more than the grantees purchase price (other than by exercise). Under the 2018 Plan, all awards to employees generally have a minimum vesting period of one year. Options granted under the 2018 Plan must be issued at an exercise price of not less than the fair market value of our common stock on the date of grant and expire after ten years. Under the 2018 Plan, there were 452,361 unvested RSUs; 103 unvested PSUs; and options to purchase an aggregate of 146,500 shares outstanding as of April 30, 2026. In addition to the 2018 Plan, we previously granted equity awards under our 2015 Equity I …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Note 17 Fair Value Assets and Liabilities Not Recorded at Fair Value Our long-term debt, including the current portion of long-term debt not reflected in the financial statements at fair value, is reflected in the table below: April 30, 2026 Fair Value Measurement (In thousands) Level 1 Level 2 Level 3 Total Carrying Value Long-Term debt and related current maturities $ $ $ 20,723 $ 20,723 $ 20,605 January 31, 2026 Fair Value Measurement (In thousands) Level 1 Level 2 Level 3 Total Carrying Value Long-Term debt and related current maturities $ $ $ 21,565 $ 21,565 $ 21,436 The fair value of our long-term debt, including the current portion, is estimated by discounting the future cash flows using current interest rates at which similar loans with the same maturities would be made to borrowers with similar credit ratings and is classified as Level 3. …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Note 15 Income Taxes Our effective tax rates are as follows: First Quarter Fiscal 2027 23.1 % Fiscal 2026 ( 24.9 )% We determine our estimated annual effective tax rate at the end of each interim period based on full-year forecasted pre-tax income and facts known at that time. The estimated annual effective tax rate is applied to the year-to-date pre-tax income at the end of each interim period with the cumulative effect of any changes in the estimated annual effective tax rate being recorded in the fiscal quarter in which the change is determined. The tax effect of significant unusual items is reflected in the period in which they occur. During the three months ended April 30, 2026, we recognized an income tax provision of $ 196,000 . The effective tax rate in this period was directly impacted by a $ 26,000 tax benefit related to the expiration of the statute of limitations on a previously uncertain tax position. During the three months ended April 30, 2025, we recognized an income tax expense of $ 75,000 . The effective tax rate in this period was directly impacted by a $ 109,000 tax expense related to the return to provision associated with our fiscal 2023 amended state tax returns. Additional impacts on the effective tax rate included a $ 62,000 tax expense arising from shortfall tax expense related to our stock and a $ 26,000 tax benefit related to the expiration of the statute of limitations on a previously uncertain tax position. …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Note 11 Leases We enter into lease contracts for certain of our facilities at various locations worldwide. Our leases have remaining lease terms of one to ten years, some of which include options to extend the lease term for periods of up to five years when it is reasonably certain that we will exercise such options. Balance sheet and other information related to our leases are as follows: Operating Leases (In thousands) Balance Sheet Classification April 30, 2026 January 31, 2026 Lease Assets Right of Use Assets $ 2,307 $ 2,466 Lease Liabilities Current Other Accrued Expenses $ 585 $ 584 Lease Liabilities Long Term Lease Liabilities $ 1,784 $ 1,953 Lease cost information is as follows: Three Months Ended Operating Leases (In thousands) Statement of Income Classification April 30, 2026 April 30, 2025 Operating Lease Costs General and Administrative Expense $ 171 $ 158 Maturities of operating lease liabilities are as follows: (In thousands) April 30, 2026 Fiscal 2027, remaining $ 534 Fiscal 2028 629 Fiscal 2029 445 Fiscal 2030 361 Fiscal 2031 253 Thereafter 570 Total Lease Payments 2,792 Less: Imputed Interest ( 423 ) Total Lease Liabilities $ 2,369 As of April 30, 2026, the weighted-average remaining lease term and weighted-average discount rate for our operating leases are 5.0 years and 6.22 %, respectively. We calculated the weighted-average discount rate using incremental borrowing rates, which equal the rates of interest that we would pay to borrow funds on a fully collat …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Recent Accounting Pronouncements Not Yet Adopted In December 2025, the FASB issued ASU 2025-10, Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities. ASU 2025-10 leverages guidance in International Accounting Standard (IAS) 20, Accounting for Government Grants and Disclosure of Government Assistance, which is largely followed in the absence of current GAAP guidance. The guidance classifies government grants into two groups: (1) grants related to an asset, which are conditioned on the purchase, construction, or acquisition of an asset, and (2) grants related to income, for all other grants not related to an asset. Further, for asset-related government grants, companies may elect to recognize under the deferred income approach or cost accumulation approach, while government grants related to income are recognized under the deferred income approach. When the deferred income approach is used, entities present the grants as part of earnings by either (1) disclosing separately under a general heading, such as other income, or (2) deducting from the related expense. ASU 2025-10 is effective for fiscal years beginning after December 15, 2028, with early adoption permitted and may be adopted using a modified prospective, modified retrospective or full retrospective approach. We are currently evaluating the potential impact of this guidance and believe the adoption of this guidance will not have a significant impact on our consolidated financial …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Note 18 - Restructuring On March 20, 2025, we announced our restructuring actions for fiscal 2026, which include the reduction of approximately 10 % of the Companys global workforce, primarily in the Product ID segment, and the realignment of our underperforming MTEX operation in Portugal. As part of this initiative, we have cut approximately 70 % of the MTEX product portfolio, phasing out low-volume, low-profit and developmental models in the nascent fabric printing market to focus more resources on much higher-margin products that capitalize on our supplies business. In addition, all MTEX sales, marketing and customer support functions have been integrated into our global teams to improve accountability and performance. We anticipate our restructuring actions to generate $ 3.0 million in annualized savings and expect to complete the planned actions by the s econd quarter of fiscal 2027. As a result of the adoption and implementation of the above restructuring actions, as of January 31, 2026, we recognized total pre-tax restructuring charges of $ 1.3 milli on. Additional charges of $ 0.4 million were recognized in the first quarter of fiscal 2027, reflecting the continued execution of the plan. The restructuring charges are comprised primarily of cash expenditures related to severance-related costs. Below is a summary of the restructuring costs and liabilities by type as of April 30, 2026: (in thousands) Severance and Employee Related Costs Other Total Balance at February 1, …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Note 3 Revenue Recognition We derive revenue from (i) the sale of hardware, including digital color label printers and specialty OEM printing systems, portable data acquisition systems, and airborne printers and networking hardware used in the flight deck and cabin of military, commercial and business aircraft, (ii) the sale of related supplies required in the operation of the hardware, (iii) repairs and maintenance of hardware and (iv) service agreements. Revenues disaggregated by primary geographic markets and major product types are as follows: Primary geographical markets: Three Months Ended (In thousands) April 30, 2026 April 30, 2025 United States $ 24,078 (1) $ 22,671 Europe 10,208 9,886 Canada 1,559 1,506 Asia 1,685 1,960 Central and South America 1,307 1,343 Other 527 342 Total Revenue $ 39,364 $ 37,708 (1) Includes $ 707,000 of revenue for tariff-related pass-through charges to customers. Major product types: Three Months Ended (In thousands) April 30, 2026 April 30, 2025 Hardware $ 13,775 $ 11,295 Supplies 19,848 21,080 Service and Other 5,741 (1) 5,333 Total Revenue $ 39,364 $ 37,708 (1) Includes $ 707,000 of revenue for tariff-related pass-through charges to customers. Contract Assets and Liabilities We normally do not have contract assets, which are primarily unbilled accounts receivable that are conditional on something other than the passage of time. Our contract liabilities, which represent billings in excess of revenue recognized, are primarily related to ad …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Note 16 Segment Information Our operations consist of the design, development, manufacture and sale of specialty printers and data acquisition and analysis systems, including both hardware and software and related consumable supplies. We organize and manage our business as a portfolio of products and services designed around a common theme of transferring information via a printing solution onto a variety of media. We have two reporting segments consistent with our revenue product groups: Product ID and Aerospace. Our Product ID segment produces an array of high-technology digital color and monochrome label printers, commercial presses, direct to package/overprint printers, mail and sheet/flatpack printers and flexible packaging printers as well as supplies for a variety of industries worldwide. Our Aerospace segment produces our line of aerospace flight deck and cabin printers, as well as specialty airborne certified networking hardware and related supplies and services. The Aerospace segment also includes data acquisition systems used worldwide for a variety of recording, monitoring and troubleshooting. Our chief operating decision maker (CODM ) has been identified as our President and Chief Executive Officer . The CODM regularly receives and uses discrete financial information about each reporting segment which is used for performance assessments and resource allocation decisions. The CODM evaluates the performance of and allocates resources to the reporting segments based …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Note 19 Subsequent Event Settlement Agreement (MTEX Acquisition-Related Matters) On May 15, 2026, we, together with our subsidiaries AstroNova Portugal, Unipessoal, Lda. (AstroNova Portugal) and MTEX, entered into a settlement agreement (the Settlement) with Eloi Serafim Alves Ferreira, Effort Premier Solutions, Lda.(Effort) and Atlantiprestigio Imobiliaria, S.A. (Atlantiprestigio) to resolve and release any and all claims among the parties arising out of and relating to AstroNova Portugals May 2024 acquisition of MTEX. Under the terms of the Settlement, Atlantiprestigio transferred to AstroNova Portugal an industrial property located in Porto, Portugal that is currently leased by MTEX (the Property), and Atlantiprestigio waived its right to receive any amounts from MTEX under the lease agreement relating to the Property. For purposes of the Settlement, the parties agreed that the value of the Property is 2.5 million, ($ 2.9 million) at the May 15, 2026 settlement date. Simultaneously with execution of the Settlement, we and AstroNova Portugal agreed to cause Mr. Ferreira and his spouse to be released from certain personal guarantees for loans extended to MTEX. The parties also agreed to terminate the pending arbitration proceedings in Oporto, Portugal upon completion of the definitive registration of the Property in the name of AstroNova Portugal with the applicable governmental authorities. The Settlement includes mutual releases of claims between the parties and an agreeme …

SubsequentEventsTextBlock · excerpt; the full note is in the filing