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TickerALOT
SectorComputer Hardware
Mkt cap$112M
EV / EBITDA34.3×
PostureHigh Velocity
Composite70/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 8146

AstroNova, Inc.

ALOTHIGH VELOCITYFILING INTENSITY

AstroNova, Inc. reads as High Velocity (composite 70/100); pressure / disclosure signals dominate the posture this cycle · primary market Semis & Hardware.

Lens

Disclosed M&A capital (2023–2025)

$53M

new

vs N/A in 2020–2022

Disclosed transactions

1

new

3/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

70

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$151M
EBITDA$4M
Enterprise value$149M
EV / Revenue1.0×
EV / EBITDA34.3×
P/EN/A
Cash$4M
Total debt$21M
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

16/100

Companies actively deploying disclosed capital into M&A

  • $107M disclosed buyer spend

Buyer Cadence

19/100

Buyer-side companies with recent filing activity

  • Filed within 54d
  • 249 8-Ks

Target Probability

20/100

Issuers showing target-side patterns from filings

  • 30 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 30 activism filings

Pressure Watch

34/100

Issuers facing activism, governance, or control pressure

  • 30 activism filings
  • Latest activism 3.2y ago; discounted

Distress Watch

37/100

Issuers showing financial-distress filing patterns

  • 10-Q 181d stale
  • 30 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
70/100

Issuers with the highest filing-activity intensity

  • 249 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $149M
  • 10-Q 181d ago
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $24M · Peak count: 2

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/A$19MN/AN/A
2024N/A$17MN/AN/A
20231$17M$17MN/A
2022N/AN/AN/AN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Bolt On
    25%
  • Geographic Expansion
    25%
  • Technology Acquisition
    25%
  • Platform
    25%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • bolt_on
  • geographic_expansion
  • technology_acquisition
  • platform
  • horizontal_consolidation
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

Our growth strategy centers on organic growth through product innovation made possible by research and development initiatives, as well as strategic acquisitions that fit into or complement existing core businesses.

10-KFY2024

Revenue from the sales of these printers is reported as part of our Test & Measurement segment beginning in the third quarter of fiscal year 2018.

10-KFY2018
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Semis & Hardware

Market spend (2023–2025)
$118.8B
Market spend (2020–2022)
$89.3B
Recent vs prior
+33%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

34.3×EV / EBITDA

ALOT trades at a +14.8-turn premium to the Semis & Hardware peer median of 19.5×.

EV / Revenue
1.0×
Net debt / EBITDA
4.0×
Peer median EV / EBITDA
19.5×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
AstroNova, Inc.ALOT
34.3×1.0×4.0×$151M$53M
30.8×8.0×3.8×$3.2B$6B
21.7×6.6×-0.1×$25.9B$6.9B
19.5×4.5×2.8×$4.7B$1.8B
18.1×5.4×-0.4×$44.5B$997M
14.5×3.5×-0.2×$18.5B$3.1B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Semis & Hardware. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)272026-04-15
  • 10-Q (quarterly)932025-12-10
  • 8-K (event)2492026-04-16
  • Proxy / DEF 14A642025-10-22
  • Activism (13D / DFAN / PREC)302023-03-31

Signals on file

  • elevated

    Activism on file

    2023-03-31

    30 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

AstroNova, Inc.: Issuer Brief | SE-Cluster