AstroNova Inc 2025年度报告

FORM 10-K Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days.Yes☒No☐Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was requiredto submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☒ Smaller Reporting Company☒ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness ofits internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ DOCUMENTS INCORPORATED BY REFERENCEPortions of the Company’s definitive Proxy Statement for the 2026 Annual Meeting of Shareholders are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. ASTRONOVA, INC.FORM 10-KTABLE OF CONTENTS PART I Item 1.Business2Item 1A.Risk Factors7Item 1B.Unresolved Staff Comments18Item 1C.Cybersecurity18Item 2.Properties19Item 3.Legal Proceedings19Item 4.Mine Safety Disclosures20 PART IIItem 5.Market for the Registrant’s Common Stock, Related Stockholder Matters and Issuer Purchases ofEquitySecurities21Item 6.Reserved21Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations22Item 7A.Quantitative and Qualitative Disclosures About Market Risk33Item 8.Financial Statements and Supplementary Data34Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure34Item 9A.Controls and Procedures34Item 9B.Other Information35Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections35 PART III Item 10.Directors, Executive Officers and Corporate Governance36Item 11.Executive Compensation36Item 12.Security Ownership of Certain Beneficial Owners and Management and Related StockholderMatters36Item 13.Certain Relationships, Related Transactions and Director Independence36Item 14.Principal Accountant Fees and Services36 PART IV Item 15.Exhibits and Financial Statement Schedule37Item 16.Form 10-K Summary37 ASTRONOVA, INC. Forward-Looking Statements The information included in this Annual Report on Form 10-K may contain forward-looking statements withinthe meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statementsof historical fact but rather reflect our current expectations concerning future events and results. We generally usethe words “believes,” “expects,” “intends,” “plans,” “anticipates,” “likely,” “continues,” “may,” “will,” and similarexpressions to identify forward-looking statements. Such forward-looking statements, including those concerningour expectations, involve risks, uncertainties, and other factors, some of which are beyond our control, which maycause our actual results, performance or achievements to be materially different from those expressed or implied bysuch forward-looking statements. These risks, uncertainties and factors include, but are not limited to, those factorsset forth in this Annual Report on Form 10-K under “Item 1A. Risk Factors.” We undertake no obligation topublicly update or revise any forward-looking statements, whether as a result of new information, future events orotherwise. The reader is cautioned not to unduly rely on such forward-looking statements when evaluating theinformation presented in this Annual Report on Form 10-K. PART I General Unless otherwise indicated, references to “AstroNova,” the “Company,” “we,” “our,” and “us” in this AnnualReport on Form 10-K refer to AstroNova, Inc. and its consolidated subsidiaries. We design, develop, manufacture, and distribute a broad range of spec