AstroNova, Inc. (ALOT), a print technology solutions provider, on Monday reported a return to profitability in the first quarter as revenue rose.
In pre-market activity on the Nasdaq, shares of AstroNova were up 7.52 percent, changing hands at $15.58, after closing Friday's regular session 4.86 percent lower.
Net income was $0.65 million or $0.08 per share for the quarter ended April 30, compared with a net loss of $0.38 million or $0.05 per share a year earlier.
Operating income increased to $1.56 million from $0.57 million a year ago.
On an adjusted basis, net income rose to $1.44 million from $0.35 million in the same period last year.
Adjusted EBITDA grew to $4.12 million from $3.15 million a year earlier.
Quarterly revenue rose to $39.36 million from $37.71 million a year earlier.
Growth was led by the Aerospace segment, marginally offset by a slight decline in Product ID revenue.
Total orders jumped 32.6 percent to $46.3 million, resulting in a book-to-bill ratio of 118 percent.
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