ASTRONOVA, INC., 10-K filed on 4/15/2026
Annual Report
v3.26.1
Cover Page - USD ($)
12 Months Ended
Jan. 31, 2026
Apr. 10, 2026
Jul. 31, 2025
Cover [Abstract]      
Document Type 10-K    
Amendment Flag false    
Document Period End Date Jan. 31, 2026    
Document Fiscal Year Focus 2026    
Document Fiscal Period Focus FY    
Entity Registrant Name AstroNova, Inc.    
Entity Central Index Key 0000008146    
Current Fiscal Year End Date --01-31    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Well-known Seasoned Issuer No    
Entity Filer Category Accelerated Filer    
Trading Symbol ALOT    
Document Financial Statement Error Correction Flag false    
Entity Shell Company false    
Entity Small Business true    
Entity Emerging Growth Company false    
Title of 12(b) Security Common Stock    
Security Exchange Name NASDAQ    
Entity Incorporation, State or Country Code RI    
Entity File Number 0-13200    
Document Annual Report true    
Document Transition Report false    
Entity Tax Identification Number 05-0318215    
Entity Address, Address Line One 600 East Greenwich Avenue    
Entity Address, City or Town West Warwick    
Entity Address, Postal Zip Code 02893    
Entity Address, State or Province RI    
City Area Code 401    
Local Phone Number 828-4000    
Entity Common Stock, Shares Outstanding   7,692,840  
Entity Public Float     $ 85,207,000
ICFR Auditor Attestation Flag true    
Auditor Name Wolf & Company, P.C.    
Auditor Firm ID 392    
Auditor Location Boston, MA    
Auditor Opinion

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of AstroNova, Inc. (the “Company”) as of January 31, 2026 and 2025, and the related consolidated statements of income, comprehensive income, changes in stockholders' equity and cash flows for each of the three years in the period ended January 31, 2026, and the related notes to the consolidated financial statements and the financial statement schedule listed in Item 15(a)(2) (collectively, the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of January 31, 2026 and 2025, and the results of its operations and its cash flows for each of the three years in the period ended January 31, 2026, in conformity with accounting principles generally accepted in the United States of America.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of January 31, 2026, based on criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission in 2013. Our report dated April 15, 2026 expressed an opinion that the Company maintained effective internal control over financial reporting as of January 31, 2026, based on criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission in 2013.

   
Documents Incorporated by Reference [Text Block]

DOCUMENTS INCORPORATED BY REFERENCE

Portions 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.

   
v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
CURRENT ASSETS    
Cash and Cash Equivalents $ 4,072 $ 5,050
Accounts Receivable, net of reserves of $2,341 in 2026 and $3,104 in 2025 18,985 21,218
Inventories, net of reserves 43,252 47,894
Prepaid Expenses and Other Current Assets 4,395 3,855
Total Current Assets 70,704 78,017
Property, Plant and Equipment, net 14,128 15,793
Identifiable Intangibles, net 21,496 23,519
Goodwill 17,376 16,361
Deferred Tax Assets, net 9,831 8,431
Right of Use Asset 2,466 1,781
Other Assets 1,565 1,693
TOTAL ASSETS 137,566 145,595
CURRENT LIABILITIES    
Accounts Payable 6,806 7,928
Accrued Compensation 4,390 3,745
Other Accrued Expenses 4,702 4,461
Revolving Credit Facility 16,273 20,929
Current Portion of Long-Term Debt 3,033 6,110
Short-Term Debt 0 581
Current Liability—Royalty Obligation 1,656 1,358
Current Liability—Excess Royalty Payment Due 331 691
Income Taxes Payable 691 0
Deferred Revenue 489 543
Total Current Liabilities 38,371 46,346
NON-CURRENT LIABILITIES    
Long-Term Debt, net of current portion 18,295 19,044
Lease Liabilities, net of current portion 1,953 1,535
Grant Deferred Revenue 899 1,090
Income Taxes Payable, net of current portion 800 684
Royalty Obligation, net of current portion 145 1,106
Deferred Tax Liabilities 0 40
Other Long Term Liabilities 241 0
TOTAL LIABILITIES 60,704 69,845
Commitments and Contingencies (See Note 22)
SHAREHOLDERS' EQUITY    
Preferred Stock, $10 Par Value, Authorized 100,000 shares, None Issued
Common Stock, $0.05 Par Value, Authorized 13,000,000 shares; Issued 11,077,051 shares in 2026 and Issued 10,936,220 shares in 2025 554 547
Additional Paid-in Capital 66,329 64,215
Retained Earnings 47,004 49,380
Treasury Stock, at Cost, 3,415,144 shares in 2026 and 3,394,942 shares in 2025 (35,227) (35,043)
Accumulated Other Comprehensive Loss, net of tax (1,798) (3,349)
TOTAL SHAREHOLDERS' EQUITY 76,862 75,750
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 137,566 $ 145,595
v3.26.1
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Statement of Financial Position [Abstract]    
Accounts Receivable, Reserves $ 2,341 $ 3,104
Preferred Stock, Par Value $ 10 $ 10
Preferred Stock, Shares Authorized 100,000 100,000
Preferred Stock, Shares Issued 0 0
Common Stock, Par Value $ 0.05 $ 0.05
Common Stock, Shares Authorized 13,000,000 13,000,000
Common Stock, Shares Issued 11,077,051 10,936,220
Treasury Stock, Shares 3,415,144 3,394,942
v3.26.1
Consolidated Statements of Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Income Statement [Abstract]      
Revenue $ 150,515 [1],[2] $ 151,283 $ 148,086
Cost of Revenue 102,881 100,625 98,581
Gross Profit 47,634 50,658 49,505
Costs and Expenses:      
Selling and Marketing 22,963 24,252 23,404
Research and Development 6,788 6,047 6,341
General and Administrative 16,380 15,596 10,964
Goodwill Impairment 297 13,403  
Operating Expenses 46,428 59,298 40,709
Operating Income (Loss) 1,206 (8,640) 8,796
Other Income (Expense):      
Interest Expense (3,503) (3,210) (2,697)
Gain (Loss) on Foreign Currency Transactions (146) 335 (83)
Other, net (93) (772) 57
Total Other Income (Expense) [3] (3,742) (3,647) (2,723)
Income (Loss) before Income Taxes (2,536) (12,287) 6,073
Income Tax Expense (Benefit) (160) 2,202 1,379
Net Income (Loss) $ (2,376) $ (14,489) $ 4,694
Net Income (Loss) Per Common Share-Basic $ (0.31) $ (1.93) $ 0.63
Net Income (Loss) Per Common Share-Diluted $ (0.31) $ (1.93) $ 0.63
Weighted Average Number of Common Shares Outstanding—Basic 7,614 7,509 7,415
Dilutive Effect of Common Stock Equivalents     81
Weighted Average Number of Common Shares Outstanding—Diluted 7,614 7,509 7,496
[1] Includes $1,020,000 of tariff revenue.
[2] Includes $1,020,000 of tariff revenue.
[3] Includes interest expense, gain/(loss) on foreign exchange and other miscellaneous income/(expense) not allocated to the reporting segments.
v3.26.1
Consolidated Statements of Income (Loss) (Parenthetical) - shares
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Income Statement [Abstract]    
Weighted average common stock equivalent shares outstanding 55,402 45,908
v3.26.1
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Statement of Comprehensive Income [Abstract]      
Net Income (Loss) $ (2,376) $ (14,489) $ 4,694
Other Comprehensive Income (Loss), net of taxes and reclassification adjustments:      
Foreign Currency Translation Adjustments 1,551 (1,130) 19
Other Comprehensive Income (Loss) 1,551 (1,130) 19
Comprehensive Income (Loss) $ (825) $ (15,619) $ 4,713
v3.26.1
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance at Jan. 31, 2023 $ 84,367 $ 534 $ 61,131 $ 59,175 $ (34,235) $ (2,238)
Beginning Balance, Shares at Jan. 31, 2023   10,676,851        
Share-Based Compensation 1,347   1,347      
Employee Stock Purchase Plan, Shares   9,898        
Employee Stock Purchase Plan 107   107      
Employee Option Exercises $ 106 $ 1 105      
Employee Option Exercises, Shares 9,100 9,100        
Restricted Stock Awards Vested, net $ (358) $ 6 (6)   (358)  
Restricted Stock Awards Vested, net, Shares   116,288        
Net Income (Loss) 4,694     4,694    
Other Comprehensive Income (Loss) 19         19
Ending Balance at Jan. 31, 2024 90,282 $ 541 62,684 63,869 (34,593) (2,219)
Ending Balance, Shares at Jan. 31, 2024   10,812,137        
Share-Based Compensation 1,378   1,378      
Employee Stock Purchase Plan, Shares   12,550        
Employee Stock Purchase Plan 146   146      
Employee Option Exercises $ 13 $ 1 12      
Employee Option Exercises, Shares 65,900 14,546        
Restricted Stock Awards Vested, net $ (450) $ 5 (5)   (450)  
Restricted Stock Awards Vested, net, Shares   96,987        
Net Income (Loss) (14,489)     (14,489)    
Other Comprehensive Income (Loss) (1,130)         (1,130)
Ending Balance at Jan. 31, 2025 75,750 $ 547 64,215 49,380 (35,043) (3,349)
Ending Balance, Shares at Jan. 31, 2025   10,936,220        
Share-Based Compensation 2,070   2,070      
Employee Stock Purchase Plan, Shares   6,463        
Employee Stock Purchase Plan $ 51   51      
Employee Option Exercises, Shares 0          
Restricted Stock Awards Vested, net $ (184) $ 7 (7)   (184)  
Restricted Stock Awards Vested, net, Shares   134,368        
Net Income (Loss) (2,376)     (2,376)    
Other Comprehensive Income (Loss) 1,551         1,551
Ending Balance at Jan. 31, 2026 $ 76,862 $ 554 $ 66,329 $ 47,004 $ (35,227) $ (1,798)
Ending Balance, Shares at Jan. 31, 2026   11,077,051        
v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Cash Flows from Operating Activities:      
Net Income (Loss) $ (2,376) $ (14,489) $ 4,694
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided (Used) By Operating Activities:      
Depreciation and Amortization 4,804 4,780 4,266
Grant Income Charged to Depreciation 330 159  
Goodwill Impairment 297 13,403  
Amortization of Debt Issuance Costs 43 30 23
Restructuring Cost     2,040
Share-Based Compensation 2,310 1,378 1,347
Deferred Income Tax Provision (Benefit) (1,312) 874 (78)
Loss on Disposal of Fixed Assets 115    
Changes in Assets and Liabilities, net of impact of acquisition:      
Accounts Receivable 2,786 2,859 (1,486)
Inventories 5,909 1,616 2,910
Income Taxes Payable 663 (904) (343)
Accounts Payable and Accrued Expenses (1,125) (2,379) (46)
Deferred Revenue (420) (1,520)  
Other (286) (959) (973)
Net Cash Provided by Operating Activities 11,738 4,848 12,354
Cash Flows from Investing Activities:      
Proceeds from Sale of Equipment 113    
Additions to Property, Plant and Equipment (332) (1,165) (875)
Cash Paid for Acquisitions, net of cash acquired   (19,109)  
Net Cash Used by Investing Activities (219) (20,274) (875)
Cash Flows from Financing Activities:      
Net Cash Proceeds from Employee Stock Option Plans   12 105
Net Cash Proceeds from Share Purchases under Employee Stock Purchase Plan 51 146 107
Net Cash Used for Payment of Taxes Related to Vested Restricted Stock (184) (450) (358)
Principal Payments on Long-Term Debt (25,982) (8,980) (2,100)
Proceeds from Long-Term Debt Borrowings 19,720 15,078  
Net (Repayments)/Borrowings under Revolving Credit Facility (5,158) 11,508 (7,000)
Payment of Minimum Guarantee Royalty Obligation (1,238) (1,902) (1,725)
Payments of Debt Issuance Costs (66) (34)  
Net Cash Provided (Used) by Financing Activities (12,857) 15,378 (10,971)
Effect of Foreign Exchange Rate Changes on Cash and Cash Equivalents 360 571 73
Net (Decrease) Increase in Cash and Cash Equivalents (978) 523 581
Cash and Cash Equivalents, beginning of year 5,050 4,527 3,946
Cash and Cash Equivalents, end of year 4,072 5,050 4,527
Supplemental Information:      
Interest 3,043 2,701 2,343
Income Taxes, net of refunds 634 2,210 1,694
Non-Cash Transactions:      
Operating Lease Obtained in Exchange for Operating Lease Liabilities $ 1,075 $ 1,581  
Financed Equipment Purchase     $ 822
v3.26.1
Cybersecurity Risk Management, Strategy, and Governance
12 Months Ended
Jan. 31, 2026
Cybersecurity Risk Management, Strategy, and Governance [Abstract]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]

Cybersecurity Risk Management and Strategy

We continue to invest substantially in cybersecurity risk management, which is a core part of our overall enterprise risk management program. Our security program is based on ISO27001, NIST 800-53, and GDPR frameworks to support our global business. We utilize various tools and processes to identify, monitor, evaluate, and address cybersecurity threats and incidents, including those involving third-party vendors and service providers. Our process includes identifying the source of a threat or incident, implementing countermeasures and mitigation strategies, and informing management and our board of directors about significant threats and changes in the cybersecurity landscape. We remain committed to investing in risk management tools and processes as cybersecurity threats evolve. Despite our efforts, we cannot guarantee that we can prevent, mitigate, or remediate risks in our own or third-party cybersecurity infrastructure.

Our Information Technology team which reports to senior management, is responsible for maintaining our cybersecurity risk management program. They collaborate with third-party security specialists as they believe necessary to conduct thorough risk assessments and system improvements. Together with our third-party security service providers, the Information Technology team oversees cybersecurity incidents, prevention, detection, mitigation, and resolution. We regularly train our employees on cybersecurity awareness and confidential information protection and continuously review and update our policies to adapt to the evolving threat landscape and legal developments.

Cybersecurity threats have the potential to materially affect our company, including our business strategy, results of operations, and financial condition. While we have not experienced material adverse effects from cybersecurity threats to date, we recognize the dynamic nature of these risks and remain vigilant in our efforts to mitigate potential impacts. Refer to “Item 1A. - Risk Factors” in this Annual Report on Form 10-K, including, “We could experience a significant disruption in or security breach of our information technology system which could harm our business and adversely affect our results of operations,” for additional discussion on our cybersecurity related risks.

Cybersecurity Governance

Our management, including our Chief Executive Officer, Chief Financial Officer, Chief Technology Officer (“CTO”), and Information Technology team, is responsible for identifying and assessing cybersecurity risks, establishing monitoring processes and implementing mitigation and remediation measures. In fiscal 2025, we hired a full-time Director of Information Technology/Information Security Officer, who is a Certified Information Security Professional (CISSP). Our cybersecurity programs are managed under the direction of our CTO and the Director of Information Technology/Information Security Officer, with support from internal and external third-party resources.

Our IT Steering Committee, which consists of our CEO, CFO, and other senior leadership employees, is responsible for coordinating our day-to-day management of cybersecurity risk. The IT Steering Committee receives reports from the CTO and Director of Information Technology/Information Security Office on our cybersecurity program performance and emerging threats and incidents. The IT Steering Committee makes recommendations intended to ensure that we have adequate resources to address information technology risks.

Our board of directors has ultimate oversight responsibility for our overall enterprise risk management and, with input from our senior management, oversees our cybersecurity risk management. As part of its enterprise risk management efforts, our board of directors regularly receives reports from management on our cybersecurity programs with regard to any risks that may arise from specific cybersecurity threats and incidents. The board of directors oversees management’s programs, policies and processes in place that identify, monitor, assess, and respond to cybersecurity, data privacy, and other information technology risks to which we are exposed.

Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] We continue to invest substantially in cybersecurity risk management, which is a core part of our overall enterprise risk management program. Our security program is based on ISO27001, NIST 800-53, and GDPR frameworks to support our global business.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block] Cybersecurity threats have the potential to materially affect our company, including our business strategy, results of operations, and financial condition.
Cybersecurity Risk Board of Directors Oversight [Text Block]

Our management, including our Chief Executive Officer, Chief Financial Officer, Chief Technology Officer (“CTO”), and Information Technology team, is responsible for identifying and assessing cybersecurity risks, establishing monitoring processes and implementing mitigation and remediation measures. In fiscal 2025, we hired a full-time Director of Information Technology/Information Security Officer, who is a Certified Information Security Professional (CISSP). Our cybersecurity programs are managed under the direction of our CTO and the Director of Information Technology/Information Security Officer, with support from internal and external third-party resources.

Our IT Steering Committee, which consists of our CEO, CFO, and other senior leadership employees, is responsible for coordinating our day-to-day management of cybersecurity risk. The IT Steering Committee receives reports from the CTO and Director of Information Technology/Information Security Office on our cybersecurity program performance and emerging threats and incidents. The IT Steering Committee makes recommendations intended to ensure that we have adequate resources to address information technology risks.

Our board of directors has ultimate oversight responsibility for our overall enterprise risk management and, with input from our senior management, oversees our cybersecurity risk management. As part of its enterprise risk management efforts, our board of directors regularly receives reports from management on our cybersecurity programs with regard to any risks that may arise from specific cybersecurity threats and incidents. The board of directors oversees management’s programs, policies and processes in place that identify, monitor, assess, and respond to cybersecurity, data privacy, and other information technology risks to which we are exposed.

Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]

Our board of directors has ultimate oversight responsibility for our overall enterprise risk management and, with input from our senior management, oversees our cybersecurity risk management. As part of its enterprise risk management efforts, our board of directors regularly receives reports from management on our cybersecurity programs with regard to any risks that may arise from specific cybersecurity threats and incidents. The board of directors oversees management’s programs, policies and processes in place that identify, monitor, assess, and respond to cybersecurity, data privacy, and other information technology risks to which we are exposed.

Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The IT Steering Committee receives reports from the CTO and Director of Information Technology/Information Security Office on our cybersecurity program performance and emerging threats and incidents.
Cybersecurity Risk Role of Management [Text Block]

Our Information Technology team which reports to senior management, is responsible for maintaining our cybersecurity risk management program. They collaborate with third-party security specialists as they believe necessary to conduct thorough risk assessments and system improvements. Together with our third-party security service providers, the Information Technology team oversees cybersecurity incidents, prevention, detection, mitigation, and resolution. We regularly train our employees on cybersecurity awareness and confidential information protection and continuously review and update our policies to adapt to the evolving threat landscape and legal developments.

Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Our management, including our Chief Executive Officer, Chief Financial Officer, Chief Technology Officer (“CTO”), and Information Technology team, is responsible for identifying and assessing cybersecurity risks, establishing monitoring processes and implementing mitigation and remediation measures.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] Our process includes identifying the source of a threat or incident, implementing countermeasures and mitigation strategies, and informing management and our board of directors about significant threats and changes in the cybersecurity landscape.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.26.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Pay vs Performance Disclosure      
Net Income (Loss) $ (2,376) $ (14,489) $ 4,694
v3.26.1
Insider Trading Arrangements
3 Months Ended
Jan. 31, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
Summary of Significant Accounting Policies
12 Months Ended
Jan. 31, 2026
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

Note 1—Summary of Significant Accounting Policies

Overview: AstroNova, Inc., headquartered in West Warwick, Rhode Island, uses its proprietary printing technologies and expertise to design, manufacture, and distribute specialty printers that present data visually across various media. Our products are used worldwide in diverse applications.

Our business consists of two segments, Product Identification (“Product ID”) and Aerospace (formerly known as Test & Measurement).

Our Product ID segment includes tabletop printers, professional label printers, direct to package/overprint printers, mail and sheet/flat pack printers and our most recently launched flexible packaging printers. The Aerospace segment consists of our line of Aerospace products, including flight deck printers, networking hardware, and related accessories as well as data acquisition systems sold under the AstroNova® brand name.

Basis of Presentation: The accompanying financial statements and accompanying notes have been prepared by us pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) and are presented in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). Our fiscal year end is January 31. Unless otherwise stated, all years and dates refer to our fiscal year.

Principles of Consolidation: The consolidated financial statements include the accounts of AstroNova, Inc. and its subsidiaries. All material intercompany accounts and transactions are eliminated in consolidation.

Reclassification: Certain amounts in prior year’s financial statements have been reclassified to conform to the current year’s presentation. In the fourth quarter of fiscal 2026, we revised our methodology for allocating certain costs between cost of revenue and operating expenses. As a result of this change, prior period cost of goods sold and operating expenses have been recast in the accompanying statements of income (loss) for the periods ended January 31, 2025 and January 31, 2024. This change reduced gross profit by $2.1 million in each of the periods ended January 31, 2025 and January 31, 2024.

Also, in the fourth quarter of fiscal 2026, we refined our reporting to better reflect segment performance by allocating certain costs previously included in corporate general and administrative expense to the operating expenses of the applicable reporting segments. See Note 17, “Segment Reporting and Geographical Information” for further details on the impact of these changes to segment reporting.

Use of Estimates: The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect these financial statements and accompanying notes using information that is reasonably available to us at this time. Some of the more significant estimates relate to revenue recognition; allowances for doubtful accounts; inventory valuation; income taxes; valuation of long-lived assets, intangible assets and goodwill; share-based compensation; and warranty reserves. Management’s estimates are based on the facts and circumstances available at the time estimates are made, historical experience, risk of loss, general economic conditions and trends, and management’s assessments of the probable future outcome of these matters. Consequently, actual results could differ from those estimates.

Correction of Immaterial Error in Prior Period Financial Statements: During the third quarter of fiscal 2026, we identified an error related to the accounting for the MTEX acquisition. The error involved the recognition of Euro 1.8 million (approximately $1.9 million as of the opening balance sheet date of May 6, 2024) in net book value of property, plant and equipment (“PP&E”) that was included in the opening balance sheet. In September 2025 we discovered that these assets were either non-existent or obsolete at the acquisition date. Accordingly, the net book value of these assets was written off in the third quarter of fiscal 2026, with a corresponding increase to goodwill acquired in the acquisition. This error correction had no impact on net assets in the MTEX opening balance sheet. Refer to Note 2, “Acquisition” for further details on the correction to the opening balance sheet.

The net impact of this error correction on our consolidated statement of income (loss) in fiscal 2025 and 2026 is immaterial. In fiscal 2025, $0.2 million of depreciation expense related to the written-off assets was recorded and reversed in fiscal 2026. The write-off necessitated an update to the goodwill valuation model used to assess impairment, resulting in an additional goodwill impairment of $0.3 million for the period ended January 31, 2025. The combined impact of these adjustments is a net charge of $0.1 million which has been recorded in fiscal 2026.

We assessed the materiality of these errors, using both quantitative and qualitative factors, in accordance with the SEC Staff Accounting Bulletin (“SAB”) No. 99 “Materiality” and SAB 108 “Considering the Effects of Prior Year Misstatements when

Quantifying Misstatements in Current Year Financial Statements” codified in ASC 250, “Accounting Changes and Error Corrections” and concluded these errors were immaterial to all of the previously issued consolidated financial statements. Under ASC 250, correcting prior‑year financial statements for such immaterial errors does not require previously filed reports to be amended. For comparative purposes, we have made a correction to the consolidated balance sheet and related footnotes for the prior period presented of Euro 1.8 million (approximately $1.8 million at January 31, 2025) in this Form 10-K as follows:

 

 

 

For the Year ended January 31, 2025

 

(In thousands)

 

As Previously Reported

 

 

Adjustments

 

 

As Revised

 

Property, Plant and Equipment

 

$

17,639

 

 

$

(1,846

)

 

$

15,793

 

Goodwill

 

$

14,515

 

 

$

1,846

 

 

$

16,361

 

Cash and Cash Equivalents: Highly liquid investments with an original maturity of 90 days or less are considered to be cash equivalents. At January 31, 2026 and 2025, $2.6 million and $2.7 million, respectively, was held in foreign bank accounts.

Inventories: Inventories are stated at the lower of standard and average cost or net realizable value and include material, labor and manufacturing overhead. Cost is determined using an average cost method that approximates the first-in, first-out (FIFO) method.

Property, Plant and Equipment: Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation is provided on a straight-line, half year convention over the estimated useful lives of the assets (land improvements—5 to 20 years; buildings and leasehold improvements—5 to 40 years; machinery and equipment—5 to 10 years; and computer equipment and software—3 to 10 years).

Revenue Recognition: We recognize revenue in accordance with Accounting Standards Codification (“ASC”) 606 “Revenue from Contracts with Customers (“ASC 606”).” The core principle of ASC 606 is to recognize revenue when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. ASC 606 defines a five-step process to recognize revenue and requires judgment and estimates within the revenue recognition process, including identifying contracts with customers, identifying performance obligations in the contract, determining and estimating the amount of any variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation and recognizing revenue when the entity satisfies each performance obligation.

The vast majority of our revenue is generated from the sale of distinct products. Revenue is measured as the amount of consideration we expect to receive in exchange for such products, which is generally at the contractually stated prices, and is recognized when we satisfy a performance obligation by transferring control of a product to a customer. The transfer of control generally occurs at one point in time, upon shipment, when title and risk of loss pass to the customer. In our Product ID segment, we include tariffs charged to customers as revenue. Returns and customer credits are infrequent and are recorded as a reduction to revenue. Sales taxes and value added taxes collected concurrently with revenue generating activities are excluded from revenue.

Many of the contracts entered into with customers are commonly comprised of a combination of equipment, supplies, installation and/or training services. We determine performance obligations by assessing whether the products or services are distinct from other elements of the contract. In order to be distinct, the product must perform either on its own or with readily available resources and must be separate within the context of the contract.

Most of our hardware products contain embedded operating systems and data management software which is included in the purchase price of the equipment. The software is deemed incidental to the systems as a whole, as it is not sold or marketed separately, and its production costs are minor compared to those of the hardware system. Hardware and software elements are typically delivered at the same time and are accounted for as a single performance obligation for which revenue is recognized at the point in time when ownership is transferred to the customer.

Installation and training services vary based on certain factors such as the complexity of the equipment, staffing availability in a geographic location and customer preferences, and can range from a few days to a few months. The delivery of installation and training services are not assessed to determine whether they are separate performance obligations, as the amounts are not material to the contract.

Shipping and handling activities that occur after control over a product has transferred to a customer are accounted for as fulfillment activities rather than performance obligations, as allowed under a practical expedient provided by ASC 606. The shipping and handling fees charged to customers are recognized as revenue and the related costs are included in cost of revenue at the point in time when ownership of the product is transferred to the customer.

We may perform services at the request of the customer, generally for the repair and maintenance of products previously sold. These services are short in duration and total approximately 5.0% of revenue for each of the years ended January 31, 2026 and 2025. Revenue is recognized as services are rendered and accepted by the customer. We also provide service agreements on certain of our

Product ID equipment. Service agreements are purchased separately from the equipment and provide for the right to obtain service and maintenance on the equipment for a period of typically one to two years. Accordingly, revenue on these agreements is recognized over the term of the agreements. The portion of service agreement contracts that are uncompleted at the end of any reporting period is included in deferred revenue.

We generally provide warranties for our products. The standard warranty period is typically 12 months for most hardware products except for airborne printers, which typically have warranties that extend for 3-5 years, consistent with industry practice. Such assurance-type warranties are not deemed to be separate performance obligations from the hardware product and costs associated with providing the warranties are accrued in accordance with ASC 450, “Contingencies,” as we have the ability to ascertain the likelihood of the liability and can reasonably estimate the amount of the liability. Our estimate of costs to service the warranty obligations is based on historical experience and expectations of future conditions. To the extent that our experience in warranty claims or costs associated with servicing those claims differ from the original estimates, revisions to the estimated warranty liability are recorded at that time, with an offsetting adjustment to cost of revenue. On occasion, customers request a warranty period longer than our standard warranty. In those instances, in which extended warranty services are separately quoted to the customer, an additional performance obligation is created, and the associated revenue is deferred and recognized as service revenue ratably over the term of the extended warranty period. The portion of service contracts and extended warranty services agreements that are uncompleted at the end of any reporting period are included in deferred revenue.

We recognize and subsequently amortize an asset for the incremental direct costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year (refer to Note 3, “Revenue Recognition” for a discussion of Contract Costs). We apply the practical expedient to expense costs incurred for costs to obtain a contract when the amortization period would have been less than a year. These costs include sales commissions paid to the internal direct sales team as well as to third-party representatives and distributors. Contractual agreements with each of these parties outline commission structures and rates to be paid. In general, such contracts are all individual procurement decisions by the customers and do not include renewal provisions and, as such, the majority of the contracts have an economic life of significantly less than a year.

Accounts Receivable and Allowance for Doubtful Accounts: Standard payment terms are typically 30 days after shipment but vary by type and geographic location of our customer. Credit is extended based upon an evaluation of the customer’s financial condition. Our allowance for doubtful accounts represents our estimate of expected credit losses related to our trade receivables. We pool our trade receivables based on similar risk characteristics, such as the age of receivables. To estimate our allowance for doubtful accounts, we leverage information on historical losses, asset-specific risk characteristics, current conditions, and reasonable and supportable forecasts of future conditions. Account balances are written off against the allowance when we deem the amount is uncollectible. Accounts receivable are stated at their estimated net realizable value.

Business Combinations: We account for business acquisitions under the acquisition method of accounting in accordance with ASC 805, ‘‘Business Combinations,’’ ASC 805 requires the purchase price of the acquisition to be allocated to the tangible and intangible assets acquired and liabilities assumed based on their fair value as of the acquisition date as determined by widely accepted valuation techniques in accordance with ASC 820, “Fair Value Measurement.” Any excess of the purchase price over the fair value of the net identified assets acquired and liabilities assumed will be recorded as goodwill. ASC 805 establishes a measurement period to provide companies with a reasonable amount of time to obtain the information necessary to identify and measure various items in a business combination and cannot extend beyond one year from the acquisition date. Accounting for business combinations requires us to make significant estimates and assumptions at the acquisition date relevant to the determination of the fair value of the tangible and intangible assets acquired and liabilities assumed. These estimates include, but are not limited to, expected future cash flows, discount rates, royalty rates, and other assumptions. Such estimates are inherently uncertain and may be subject to refinement. If the initial accounting for the business combination has not been completed by the end of the reporting period in which the business combination occurs, provisional amounts are reported to present information about facts and circumstances that existed as of the acquisition date. During the measurement period, which may be up to one year from the acquisition date, we may record adjustments to the fair value of the tangible and intangible assets acquired and liabilities assumed with the corresponding offset to goodwill, to the extent such information was not available to us at the acquisition date to determine such amounts. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to our consolidated statements of income.

Acquisition-related costs not considered part of the considerations are expensed as incurred and recorded in acquisition costs within the consolidated statement of income (loss). Changes in the fair value of contingent consideration arrangements that are not measurement period adjustments are recognized in earnings in the period of the change. The results of operations of the acquired entity, including revenues and earnings, are included in our financial statements from the closing date of the acquisition.

Research and Development Costs: We charge research and development costs to expense in the period incurred, and these expenses are presented in the consolidated statement of income (loss). The following costs are included in research and development expense: salaries and benefits, external engineering service costs, engineering related information costs and supplies.

Foreign Currency Translation: The financial statements of foreign subsidiaries and branches are measured using the local currency as the functional currency. Foreign currency-denominated assets and liabilities are translated into U.S. dollars at year-end exchange rates with the translation adjustment recorded as a component of accumulated comprehensive income (loss) in shareholders’ equity. Revenues and expenses are translated at the average monthly exchange rates in effect during the related period. We do not provide for U.S. income taxes on foreign currency translation adjustments associated with our subsidiaries in Germany, Denmark and China since their undistributed earnings are considered to be permanently invested. Included in our consolidated statements of income (loss) are net foreign transaction exchange gains (losses) of $(0.1) million, $0.3 million and $(0.1) million in fiscal 2026, 2025 and 2024, respectively.

Advertising: We expense advertising costs as incurred. Advertising costs including advertising production, trade shows and other activities are designed to enhance demand for our products and amounted to $2.0 million in fiscal years 2026 and 2025 and $1.8 million, in fiscal year 2024.

Long-Lived Assets: Long-lived assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Determination of recoverability is based on an estimate of undiscounted future cash flows resulting from the use of the asset and its eventual disposition. If the projected undiscounted cash flows are less than the carrying value, then an impairment charge would be recorded for the excess of the carrying value over the fair value, as determined by the discounting of future cash flows. There were no impairment charges for our long-lived assets in fiscal years 2026 or 2025.

Intangible Assets: Intangible assets include the value of customer and distributor relationships, trademarks and existing technology acquired in connection with business and asset acquisitions and are stated at cost (fair value at acquisition) less accumulated amortization. These intangible assets have a definite life and are amortized over the assets’ useful lives using a systematic and rational basis which is representative of the assets’ use. Intangible assets with a definite life are tested for impairment whenever events or circumstances indicate that the carrying amount of an asset (asset group) may not be recoverable. If necessary, an impairment loss is recognized when the carrying amount of an asset exceeds the estimated undiscounted cash flows used in determining the fair value of the asset. The amount of the impairment loss recorded is calculated by the excess of the asset’s carrying value over its fair value. Fair value is generally determined using a discounted cash flow analysis. There were no impairment charges for our intangible assets in fiscal years 2026 or 2025.

Goodwill: Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in a purchase business combination. Management evaluates the recoverability of goodwill annually or more frequently if events or changes in circumstances, such as declines in revenue, earnings or cash flows, or material adverse changes in the business climate indicate that the carrying value of an asset might be impaired. Goodwill is tested for impairment at the reporting unit level. A reporting unit is an operating segment, or a business unit one level below an operating segment if discrete financial information for that business is prepared and regularly reviewed by segment management. However, components within an operating segment are aggregated as a single reporting unit if they have similar economic characteristics. We determined that each of our operating segments Product ID and Aerospace represents a reporting unit for purposes of goodwill impairment testing.

The accounting guidance related to goodwill impairment testing allows for the performance of an optional qualitative assessment of whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. Factors that management considers in this qualitative assessment include macroeconomic conditions, industry and market considerations, overall financial performance (both current and projected), changes in management and strategy and changes in the composition or carrying amount of net assets. If this qualitative assessment indicates that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then a quantitative assessment is required for the reporting unit. Additionally, we can elect to forgo the qualitative assessment and perform the quantitative test.

The quantitative assessment compares the fair value of the reporting unit with its carrying value. If the quantitative assessment is performed, we estimate the fair value of our reporting units using a combination of both the income approach and a market approach. The income approach is based on a discounted cash flow model and provides a fair value estimate based upon the reporting unit’s expected long-term operating cash flow performance. The market approach compares the reporting unit to publicly traded companies and transactions involving similar businesses, and requires the use of many assumptions and estimates including future revenue, expenses, capital expenditures, and working capital, as well as discount factors and income tax rates. If the fair value of the reporting unit exceeds the carrying value of the net assets including goodwill assigned to that unit, goodwill is not impaired. If the carrying value of the reporting unit’s net assets including goodwill exceeds the fair value of the reporting unit, then we record an impairment charge based on that difference.

Leases: We account for our leases in accordance with ASC 842, “Leases” (“ASC 842”). ASC 842 requires a lessee to recognize assets and liabilities on the balance sheet for all leases, with the result being the recognition of a right of use (“ROU”) asset and a lease liability. The lease liability is equal to the present value of the minimum lease payments for the term of the lease, including any optional renewal periods determined to be reasonably certain to be exercised, using a discount rate determined at lease commencement. This discount rate is the rate implicit in the lease, if known; otherwise, the incremental borrowing rate for the expected lease term is used. Our incremental borrowing rate approximates the rate we would have to pay to borrow on a collateralized basis over a similar term at lease inception. The value of the ROU asset is equal to the initial measurement of the lease liability plus any lease payments made to the lessor at or before the commencement date and any unamortized initial direct costs incurred by the lessee, less any unamortized lease incentives received. Several of our lease contracts include options to extend the lease term and we include the renewal options for these leases in the determination of the ROU asset and lease liability when the likelihood of renewal is determined to be reasonably certain.

We enter into lease contracts for certain of our facilities at various locations worldwide. At inception of a contract, we determine whether the contract is or contains a lease. If we have a right to obtain substantially all of the economic benefits from the use of the identified asset and the right to direct the use of the asset, then the contract contains a lease.

There are two types of leases, operating leases and finance leases. Lease classification is determined at lease commencement. We have made an accounting policy election to apply the short-term exception, which does not require the capitalization of leases with terms of 12 months or less. All of our leases are classified as operating leases. Operating lease expense is recognized on a straight-line basis over the lease term and included in general and administrative expense on the consolidated statement of income. ROU assets are classified as such on the consolidated balance sheets, short-term lease liabilities are classified in accrued expenses, and long-term lease liabilities are classified as such in the consolidated balance sheets. In the statements of cash flow, payments for operating leases are included as operating activities.

In addition, several of our facility lease agreements include non-lease components for items such as common area maintenance and utilities which are accounted for separately from the lease component.

Income Taxes: We use the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial reporting basis and tax basis of the assets and liabilities and are measured using statutory tax rates that will be in effect when the differences are expected to reverse. Our deferred taxes are presented as non-current in the accompanying consolidated balance sheets. An allowance against deferred tax assets is recognized when it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. At both January 31, 2026 and January 31, 2025, a valuation allowance was provided for deferred tax assets attributable to certain domestic R&D, foreign tax credit carryforwards, all of which are expected to expire unused. At January 31, 2026, we concluded that the valuation allowance on the net operating losses related to our China operations should be released based on sufficient positive evidence supporting the ability to utilize these tax attributes in future periods.

We account for uncertain tax positions in accordance with the guidance provided in ASC 740, “Accounting for Income Taxes.” This guidance describes a recognition threshold and measurement attribute for the financial statement disclosure of tax positions taken or expected to be taken in a tax return and requires recognition of tax benefits that satisfy a more-likely-than-not threshold. ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods and disclosure.

Net Income Per Common Share: Basic net income per share is based on the weighted average number of shares outstanding during the period. Diluted net income per share is based on the basic weighted average number of shares and potential common equivalent shares for stock options, restricted stock awards and restricted stock units outstanding during the period using the treasury stock method. In fiscal years 2026, 2025 and 2024, there were 525,144; 173,380 and 295,370, respectively, of common equivalent shares that were not included in the computation of diluted net income per common share because their inclusion would be anti-dilutive.

Fair Value Measurement: We measure our assets and liabilities at fair value on a recurring and non-recurring basis in accordance with the guidance provided in ASC 820, “Fair Value Measurement and Disclosures,” which defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In addition, ASC 820 establishes a three-tiered hierarchy for inputs used in management’s determination of fair value of financial instruments that emphasizes the use of observable inputs over the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that reflect management’s belief about the assumptions market participants would use in pricing a financial instrument based on the best information available in the circumstances.

 

The fair value hierarchy is summarized as follows:

Level 1—Quoted prices in active markets for identical assets or liabilities;
Level 2—Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and
Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Cash and cash equivalents, accounts receivable, accounts payable, accrued compensation, other accrued expenses and income tax payable are reflected in the consolidated balance sheet at carrying value, which approximates fair value due to the short-term nature of these instruments.

Self-Insurance: We are self-insured for U.S. medical and dental benefits for qualifying employees and maintain stop-loss coverage from a third party which limits our exposure to large claims. We record a liability associated with these benefits that includes an estimate of both claims filed and losses incurred but not yet reported based on historical claims experience. In estimating this accrual, we utilize an independent third-party broker to estimate a range of expected losses, which are based on analyses of historical data. Assumptions are closely monitored and adjusted when warranted by changing circumstances. Our liability for self-insured claims is included within accrued compensation in our consolidated balance sheets and was $0.4 million and $0.3 million at January 31, 2026 and 2025, respectively.

Share-Based Compensation: Compensation expense for time-based restricted stock units and stock-settled performance awards is measured at the grant date and recognized ratably over the vesting period. We determine the fair value of time-based and performance-based restricted stock units based on the closing market price of our common stock on the grant date. The fair value of stock-settled performance awards is equal to the fixed monetary reference amount granted to each individual. The recognition of compensation expense associated with performance-based restricted stock units and stock-settled performance awards requires judgment in assessing the probability of meeting the performance goals, as well as defined criteria for assessing achievement of the performance-related goals. For purposes of measuring compensation expense, the number of shares ultimately expected to vest is estimated at each reporting date based on management’s expectations regarding the relevant performance criteria. The performance awards begin vesting only upon the achievement of the performance criteria. The achievement of the performance goals can impact the valuation and associated expense of the restricted stock units. The assumptions used in accounting for the share-based payment awards represent management’s best estimates, but these estimates involve inherent uncertainties and the application of management judgment. As a result, if circumstances change and we use different assumptions, our stock-based compensation expense could be materially different in the future.

Share-based compensation becomes deductible for determining income taxes when the related award vests, is exercised, or is forfeited depending on the type of share-based award and subject to relevant tax law.

Derivative Financial Instruments: We occasionally use derivative instruments as part of our overall strategy to manage exposure to market risks primarily associated with fluctuations in foreign currency exchange rates and interest rates. Derivative instruments are recognized as either assets or liabilities in the balance sheet at fair value. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and, further, on the type of hedging relationship. For derivative instruments not designated as hedging instruments, the gain or loss is recognized in the statement of income (loss) during the current period. For those derivative instruments that are designated and qualify as hedging instruments, a company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge, or a hedge of a net investment in a foreign operation.

Cash Flow Hedges

For derivative instruments that are designated and qualify as a cash flow hedge, the gain or loss on the derivative instrument is reported as a component of other comprehensive income (loss) and reclassified into earnings in the same line item associated with the forecasted transaction, and in the same period or periods during which the hedged transaction affects earnings (e.g., in “Interest Expense” when the hedged transactions are interest cash flows associated with floating-rate debt, or “Other, Net” for portions reclassified relating to the remeasurement of the debt). The remaining gain or loss on the derivative instrument in excess of the cumulative change in the present value of future cash flows of the hedged item, if any, are recognized in the statement of income during the current period.

Net Investment Hedges

We formally assess a net investment hedge, both at inception and on a quarterly basis thereafter, as to whether the designated derivative or nonderivative instrument is highly effective as an economic hedge of foreign exchange risk associated with the hedged net investment. The change in the fair value of a derivative instrument or the change in the carrying value of a nonderivative instrument that is designated and highly effective as a net investment hedge is recorded in the cumulative translation adjustment

component of Accumulated Other Comprehensive Income (“AOCI”), offsetting the translation adjustment of the net investment being hedged.

If a net investment hedging relationship ceases to be highly effective, we discontinue hedge accounting, and any future change in the fair value of the derivative hedging instrument or future change in the carrying value of the nonderivative hedging instrument is recorded in the “other expenses” in the consolidated statement of income (loss), which is where the gain or loss on the sale or substantial liquidation of the underlying net investment would be recorded. However, any deferred gains or losses previously recorded in the cumulative translation adjustment component of AOCI will remain in AOCI until the hedged net investment is sold or substantially liquidated, at which time the cumulative deferred gains or losses are recorded in the “other expenses” line in the consolidated statement of income (loss).

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 presented. The adoption of ASU 2023-09 did not 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 2025-10, “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 statements.

In November 2024, the FASB issued ASU 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.” ASU 2024-03 enhances expense disclosures on both an annual and interim basis by requiring public entities to disclose additional information about specific expense categories in the notes to the consolidated financial statements. This ASU requires disclosure in tabular format of purchases of inventory, employee compensation, depreciation, intangible asset amortization and depletion, as applicable, for each income statement line item that contains those expenses. Specific expenses, gains and losses that are already disclosed under existing US GAAP are also required to be included in the disaggregated income statement expense line-item disclosures, and any remaining amounts will need to be described quantitatively. Additionally, ASU 2024-03 requires disclosure of the total amount of selling expenses and the entity’s definition of selling expenses. ASU 2024-03 is effective for the first annual disclosure period beginning after December 15, 2026 and for the interim periods subsequent to that, with early adoption permitted. The amendment should be applied prospectively; however, retrospective application is permitted. We are currently evaluating the new disclosure requirements of ASU 2024-04 and do not expect the adoption of this guidance to have a material impact on our consolidated financial statements or disclosures.

There were no other new accounting pronouncements, issued or effective during fiscal 2026, that have had or are expected to have a material impact on our consolidated financial statements.

v3.26.1
Acquisition
12 Months Ended
Jan. 31, 2026
Business Combination [Abstract]  
Acquisition

Note 2—Acquisition

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 Elói 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 estimated fair value being reduced to zero as of the acquisition closing date.

 

(In thousands)

 

Preliminary Estimate

 

 

Measurement Period Adjustment

 

 

Final

 

Cash Paid at Closing

 

$

18,732

 

 

$

(1

)

 

$

18,731

 

Holdback Amount

 

 

742

 

 

 

 

 

 

742

 

Fair Value of the Earnout

 

 

1,619

 

 

 

(1,619

)

 

 

 

Total Purchase Price

 

$

21,093

 

 

$

(1,620

)

 

$

19,473

 

As of the end of the first quarter of fiscal 2026, we completed our final fair value determination of the assets acquired and liabilities assumed of MTEX. The following table sets forth the final purchase price allocation of the MTEX acquisition for the fair value of the net assets acquired and liabilities assumed as of May 6, 2024:

 

(In thousands)

 

Preliminary Estimate

 

 

Measurement Period Adjustment

 

 

Adjustment*

 

 

Final

 

Cash

 

$

364

 

 

$

 

 

$

 

 

$

364

 

Accounts Receivable

 

 

3,989

 

 

 

(2,777

)

 

 

 

 

 

1,212

 

Inventory

 

 

3,807

 

 

 

(200

)

 

 

 

 

 

3,607

 

Prepaid Expenses and Other Current Assets

 

 

301

 

 

 

 

 

 

 

 

 

301

 

Property, Plant and Equipment

 

 

4,802

 

 

 

 

 

 

(1,928

)

 

 

2,874

 

Other Long-Term Assets

 

 

5,154

 

 

 

1,054

 

 

 

 

 

 

6,208

 

Identifiable Intangible Assets

 

 

9,556

 

 

 

(2,017

)

 

 

 

 

 

7,539

 

Goodwill

 

 

10,629

 

 

 

3,650

 

 

 

1,928

 

 

 

16,207

 

Accounts Payable and Other Current Liabilities

 

 

(4,225

)

 

 

(1,870

)

 

 

 

 

 

(6,095

)

Debt Assumed

 

 

(7,918

)

 

 

 

 

 

 

 

 

(7,918

)

Other Long-Term Liabilities

 

 

(5,366

)

 

 

540

 

 

 

 

 

 

(4,826

)

Total Purchase Price

 

$

21,093

 

 

$

(1,620

)

 

$

 

 

$

19,473

 

*Subsequent to the measurement period, during the third quarter of fiscal 2026, we identified an error related to the MTEX acquisition purchase price. We discovered that Euro 1.8 million (approximately $1.9 million as of the opening balance sheet date of May 6, 2024) for property, plant and equipment recorded at acquisition were either non-existent or obsolete at the acquisition date. Accordingly, the net book value of these assets was written off in the third quarter of fiscal 2026, with a corresponding increase to goodwill acquired in the acquisition. This error correction had no impact on net assets in the MTEX opening balance sheet and the correction is reflected in this table. Refer to Note 1, “Business and Basis of Presentation” under the section “Correction of Immaterial Error in Prior Period Financial Statements” for additional details.

The following table reflects the preliminary fair value of the acquired identifiable intangible assets and related estimated useful lives:

 

(In thousands)

 

Preliminary Fair
Value

 

 

Measurement Period Adjustment

 

 

Final

 

 

Useful Life
(years)

 

Customer Relations

 

$

8,786

 

 

$

(6,183

)

 

$

2,603

 

 

 

10

 

Internally Developed Technology

 

 

488

 

 

 

4,231

 

 

 

4,719

 

 

 

6

 

Trademarks/Tradenames

 

 

282

 

 

 

(65

)

 

 

217

 

 

 

3

 

Total

 

$

9,556

 

 

$

(2,017

)

 

$

7,539

 

 

 

 

The customer relations intangible asset represents relationships that will be maintained with certain historical customers of MTEX. The trademark/tradename intangible assets reflect the industry reputation of the MTEX name, and the registered trademarks held by MTEX for the use of several marks and logos. The internally developed technology intangible asset represents software used to collect a wide range of data on each piece of equipment and the ability to monitor customer ink usage and troubleshoot issues with customers.

Purchased goodwill of $16.2 million, which is not deductible for tax purposes, represents the excess of the purchase price over the estimated fair value assigned to the tangible and identifiable intangible assets acquired and liabilities assumed from MTEX. The goodwill recognized under ASC 805 was attributable to the expected earnings potential of the business, synergies which are expected to enhance and expand our overall product portfolio, opportunities in new and existing markets, and MTEX's assembled workforce. The carrying amount of the goodwill was allocated to the Product ID segment. In fiscal 2025, we recognized a $13.4 million impairment charge related to the MTEX goodwill. Additionally, due to the impact of the write-off of PP&E for assets that were either non-existent or obsolete at the acquisition date which were identified in fiscal 2026, we recognized an additional $0.3 million impairment charge. Refer to Note 1, “Business and Basis of Presentation” under the section “Correction of Immaterial Error in Prior Period Financial Statements” for additional details.

Total acquisition-related costs through January 31, 2026 were $1.5 million, including $1.2 million recognized in fiscal 2025.

The amounts of revenue and earnings before taxes attributable to MTEX and included in our consolidated statements of income (loss) for the years ended January 31, 2026 and 2025 were as follows:

 

(In thousands)

 

January 31, 2026

 

 

January 31, 2025

 

Revenue

 

$

4,970

 

(1)

$

4,163

 

Gross Profit (Loss)

 

 

(1,524

)

 

 

511

 

Operating Expenses:

 

 

 

 

 

 

    Selling Expenses

 

 

2,515

 

 

 

2,485

 

    Research and Development Expenses

 

 

1,223

 

 

 

309

 

    General and Administrative Expenses

 

 

703

 

 

 

1,194

 

    Goodwill Impairment

 

 

297

 

 

 

13,403

 

       Total Operating Expenses

 

 

4,738

 

 

 

17,391

 

 Operating Income (Loss)

 

 

(6,262

)

 

 

(16,880

)

 Other Income (Expense)

 

 

5,321

 

 

 

(862

)

Earnings (Loss) before Taxes

 

$

(941

)

 

$

(17,742

)

(1) Includes $2,677,000 of MTEX revenue related to sales to third parties via intercompany sales at cost plus mark-up.

MTEX no longer operates as an independent business, but rather the manufacturing operation in Portugal is treated as a cost center. The majority of MTEX sales are through intercompany operations. MTEX financial results are reported as part of the Product ID segment. Pro forma results as if the acquisition was closed on February 1, 2024 are not provided, as such amounts were difficult to determine and disclosure of such amounts was impractical.

v3.26.1
Revenue Recognition
12 Months Ended
Jan. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition

Note 3—Revenue 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 claims for incremental component costs incurred through fiscal 2025. The arrangement was fully settled, and no amounts were recognized or deferred as of January 31, 2026.

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 related to advanced billings for purchased service agreements and extended warranties. Contract liabilities were $489,000 and $543,000 at January 31, 2026 and January 31, 2025, respectively, and are recorded as current deferred revenue in the accompanying consolidated balance sheets The decrease in the deferred revenue balance for the year ended January 31, 2026 is due to revenue recognized during the period, including $522,000 of revenue that was included in the deferred revenue balance at January 31, 2025, in excess of cash payments received in advance of satisfying performance obligations for the current year.

In fiscal 2026, we entered into an agreement with a customer to support the production ramp‑up of one of our Aerospace product lines. Under the terms of the agreement, the customer made an advance payment of $1.1 million, representing 50% of the contractual unit selling price for units scheduled for delivery beginning in June 2025. The advance payment was initially recorded as deferred revenue and recognized as revenue upon delivery of the related units. For the year ended January 31, 2026, we recognized the full $1.1 million of revenue associated with this arrangement, and no amount remained recorded as deferred revenue as of January 31, 2026.

Contract Costs

We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. We have determined that certain costs related to obtaining sales contracts for our aerospace printer products meet the requirement to be capitalized. These costs are deferred and amortized over the remaining useful life of these contracts, which we currently estimate to be approximately 15 years as of January 31, 2026. Amortized contract costs for the year ended January 31, 2026 were $93,000 and $88,000 and $75,000 for the years ended January 31, 2025 and 2024, respectively. The balance of deferred incremental direct costs net of accumulated amortization at January 31, 2026, was $1.4 million, of which $0.1 million is reported in other current assets and $1.3 million is reported in other assets in the accompanying consolidated balance sheet.

v3.26.1
Intangible Assets and Goodwill
12 Months Ended
Jan. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill

Note 4—Intangible Assets and Goodwill

Intangible assets are as follows:

 

 

January 31, 2026

 

 

January 31, 2025

 

(In thousands)

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Currency
Translation
Adjustment

 

 

Net
Carrying
Amount

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Currency
Translation
Adjustment

 

 

Net
Carrying
Amount

 

RITEC:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Contract Relationships

 

$

2,830

 

 

$

(1,821

)

 

$

 

 

$

1,009

 

 

$

2,830

 

 

$

(1,755

)

 

$

 

 

$

1,075

 

TrojanLabel:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributor Relations

 

 

937

 

 

 

(874

)

 

 

39

 

 

 

102

 

 

 

937

 

 

 

(774

)

 

 

16

 

 

 

179

 

Honeywell:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Contract Relationships

 

 

27,773

 

 

 

(14,528

)

 

 

 

 

 

13,245

 

 

 

27,773

 

 

 

(13,661

)

 

 

 

 

 

14,112

 

Astro Machine:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Contract Relationships

 

 

3,060

 

 

 

(2,142

)

 

 

 

 

 

918

 

 

 

3,060

 

 

 

(1,530

)

 

 

 

 

 

1,530

 

Trademarks

 

 

420

 

 

 

(294

)

 

 

 

 

 

126

 

 

 

420

 

 

 

(210

)

 

 

 

 

 

210

 

MTEX:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Contract Relationships

 

 

2,603

 

 

 

(468

)

 

 

211

 

 

 

2,346

 

 

 

2,603

 

 

 

(194

)

 

 

(104

)

 

 

2,305

 

Internally Developed Technology

 

 

4,719

 

 

 

(1,413

)

 

 

345

 

 

 

3,651

 

 

 

4,719

 

 

 

(586

)

 

 

(181

)

 

 

3,952

 

Trademarks

 

 

217

 

 

 

(130

)

 

 

12

 

 

 

99

 

 

 

217

 

 

 

(54

)

 

 

(7

)

 

 

156

 

Intangible Assets, net

 

$

42,559

 

 

$

(21,670

)

 

$

607

 

 

$

21,496

 

 

$

42,559

 

 

$

(18,764

)

 

$

(276

)

 

$

23,519

 

 

There were no impairments to intangible assets during the periods ended January 31, 2026 and 2025. Amortization expense of $2.9 million, $2.6 million and $2.4 million, with regard to acquired intangibles has been included in the consolidated statements of income for the years ended January 31, 2026, 2025 and 2024, respectively.

 

Estimated amortization expense for the next five fiscal years is as follows:

 

(In thousands)

 

2027

 

 

2028

 

 

2029

 

 

2030

 

 

2031

 

Estimated amortization expense

 

$

2,905

 

 

$

2,401

 

 

$

2,034

 

 

$

2,034

 

 

$

1,413

 

Goodwill is as follows:

 

(In thousands)

 

Product ID

 

 

Aerospace

 

 

Total

 

Balance at January 31, 2024

 

$

10,111

 

 

$

4,522

 

 

$

14,633

 

Acquisition

 

 

14,250

 

 

 

 

 

 

14,250

 

Impairment

 

 

(13,403

)

 

 

 

 

 

(13,403

)

Adjustment to MTEX purchase price allocation - asset write off

 

 

1,846

 

 

 

 

 

 

1,846

 

Foreign Currency Translation

 

 

(965

)

 

 

 

 

 

(965

)

Balance at January 31, 2025

 

$

11,839

 

 

$

4,522

 

 

$

16,361

 

Acquisition - MTEX measurement period adjustment

 

 

34

 

 

 

 

 

 

34

 

Impairment

 

 

(297

)

 

 

 

 

 

(297

)

Foreign Currency Translation

 

 

1,278

 

 

 

 

 

 

1,278

 

Balance at January 31, 2026

 

$

12,854

 

 

$

4,522

 

 

$

17,376

 

 

We performed a qualitative assessment for our fiscal 2026 analysis of goodwill. Based on this assessment, management does not believe that it is more likely than not that the carrying values of the reporting units exceed their fair values. Accordingly, no quantitative assessment was performed.

During the third quarter of fiscal 2026, we identified an error related to the accounting for the MTEX acquisition. Specifically, we recognized that the opening balance sheet included Euro 1.8 million (approximately $2.1 million at January 31, 2026) of property, plant and equipment that was either non-existent or obsolete at the acquisition date. Accordingly, we restated fiscal 2025 to reflect the write-off of these assets, with a corresponding increase to goodwill (approximately $1.9 million as of the opening balance sheet date as of May 6, 2024). This error correction had no impact on net assets in the MTEX opening balance sheet as of May 6, 2024, or the consolidated balance sheet as of January 31, 2025. Following the write-off, the goodwill valuation model was updated, resulting in an additional goodwill impairment of approximately $0.3 million in our Product ID segment for the period ended January 31, 2025, which was recognized in fiscal 2026. Refer to Note 1, “Business and Basis of Presentation” under the section “Correction of Immaterial Error in Prior Period Financial Statements” and Note 2, “Acquisition” for further details.

For our fiscal 2025 analysis of goodwill we elected to forgo the qualitative assessment and perform a quantitative assessment. Based on the quantitative assessment performed, a goodwill impairment charge of $13.4 million was recognized related to our Product ID reporting unit. There was no impairment to our Aerospace segment’s goodwill in fiscal year 2025.

v3.26.1
Inventories
12 Months Ended
Jan. 31, 2026
Inventory Disclosure [Abstract]  
Inventories

Note 5—Inventories

The components of inventories are as follows:

 

January 31,

 

(In thousands)

 

2026

 

 

2025

 

Materials and Supplies

 

$

29,929

 

 

$

35,181

 

Work-in-Progress

 

 

2,549

 

 

 

2,559

 

Finished Goods

 

 

19,493

 

 

 

19,879

 

 

 

51,971

 

 

 

57,619

 

Inventory Reserve

 

 

(8,719

)

 

 

(9,725

)

 

$

43,252

 

 

$

47,894

 

v3.26.1
Property, Plant and Equipment
12 Months Ended
Jan. 31, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 6—Property, Plant and Equipment

Property, plant and equipment consist of the following for the years ended January 31,:

 

(In thousands)

 

2026

 

 

2025*

 

 

Adjustment for PPE Write Off

 

 

As Previously Reported

 

Land and Land Improvements

 

$

2,324

 

 

$

2,304

 

 

$

-

 

 

$

2,304

 

Buildings and Leasehold Improvements

 

 

15,278

 

 

 

15,224

 

 

 

108

 

 

 

15,116

 

Machinery and Equipment

 

 

14,916

 

 

 

26,547

 

 

 

(3,856

)

 

 

30,403

 

Computer Equipment and Software

 

 

7,882

 

 

 

14,538

 

 

 

 

 

 

14,538

 

Gross Property, Plant and Equipment

 

 

40,400

 

 

 

58,613

 

 

 

(3,748

)

 

 

62,361

 

Accumulated Depreciation

 

 

(26,272

)

 

 

(42,820

)

 

 

1,902

 

 

 

(44,722

)

Net Property Plant and Equipment

 

$

14,128

 

 

$

15,793

 

 

$

(1,846

)

 

$

17,639

 

* The prior year balance sheet has been restated to reflect the write-off of Euro 1.8 million (approximately $1.8 million as of January 31, 2025) in net book value of property, plant and equipment that was included in the MTEX opening balance sheet. Refer to Note 1, “Business and Basis of Presentation” under the section “Correction of Immaterial Error in Prior Period Financial Statements” for additional details.

 

In the fourth quarter of fiscal year 2026, property, plant and equipment and accumulated depreciation were each reduced by $20.8 million for asset retirements related to fully depreciated property, plant and equipment no longer in use.

Depreciation expense on property, plant and equipment was $1.8 million, $2.1 million and $1.8 million, for the years ended January 31, 2026, 2025 and 2024, respectively.

v3.26.1
Other Accrued Expenses
12 Months Ended
Jan. 31, 2026
Payables and Accruals [Abstract]  
Other Accrued Expenses

Note 7—Other Accrued Expenses

Other accrued expenses consist of the following:

 

January 31,

 

(In thousands)

 

2026

 

 

2025

 

Accrued Property & Sales Tax

 

$

759

 

 

$

538

 

Professional Fees

 

 

738

 

 

 

253

 

Customer Deposits

 

 

682

 

 

 

786

 

Acquisition Escrow Holdback

 

 

676

 

 

 

710

 

Current Portion of Lease Liability

 

 

584

 

 

 

320

 

Warranty

 

 

573

 

 

 

548

 

Grant Performance Obligation - Short Term

 

 

245

 

 

 

212

 

Stockholder Relation Fees

 

 

70

 

 

 

63

 

Other Accrued Expenses

 

 

375

 

 

 

1,031

 

 

$

4,702

 

 

$

4,461

 

 

v3.26.1
Credit Agreement and Debt Facilities
12 Months Ended
Jan. 31, 2026
Debt Disclosure [Abstract]  
Credit Agreement and Debt Facilities

Note 8—Credit 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 $10,000,000 (the “Term Loan”) and a new term A-2 loan in the principal amount of $9,720,000 (the “Term A-2 Loan”). At the closing of the Amendment, we borrowed the entire $10,000,000 Term Loan, the entire $9,720,000 Term A-2 Loan and $1,500,000 under the revolving credit facility. The proceeds of such borrowings were used primarily to repay and refinance in full the existing term loans under the Existing Credit Agreement and to pay certain related transaction costs. The revolving credit facility may otherwise be used for general corporate purposes.

Under the Amended Credit Agreement, revolving credit loans may continue to be borrowed, at the Company’s option, in U.S. Dollars or, subject to certain conditions, Euros, British Pounds, Canadian Dollars or Danish Kroner.

The Amended Credit Agreement requires that the Term Loan be paid in quarterly installments on the last day of each fiscal quarter of the Company (commencing with the fiscal quarter ending January 31, 2026) through July 31, 2028, in the principal amount of $500,000 each, and the entire then-remaining principal balance of the Term Loan is required to be paid on August 4, 2028. The Amended Credit Agreement requires that the Term A-2 Loan be paid in monthly installments on the last day of each calendar month of the Company (commencing with November 2025) through July 31, 2035, in the principal amount of $40,500 each, and the entire then-remaining principal balance of the Term A-2 Loan is required to be paid on August 4, 2035. We may voluntarily prepay the Term Loan or the Term A-2 Loan, in whole or in part, from time to time without premium or penalty (other than customary breakage costs, if applicable). We may repay borrowings under the revolving credit facility at any time without premium or penalty (other than customary breakage costs, if applicable), but in any event no later than August 4, 2028, and any outstanding revolving loans thereunder will be due and payable in full, and the remainder of the revolving credit facility will terminate, on such date. We may reduce or terminate the revolving credit facility at any time, subject to certain thresholds and conditions, without premium or penalty.

As under the Existing Credit Agreement, the loans under the Amended Credit Agreement are subject to certain mandatory prepayments, subject to various exceptions, from (a) net cash proceeds from certain dispositions of property, (b) net cash proceeds from certain issuances of equity, (c) net cash proceeds from certain issuances of additional debt and (d) net cash proceeds from certain extraordinary receipts. If the revolving credit facility commitment is terminated in full for any reason (whether by scheduled maturity, required prepayment, acceleration, demand, optional termination, or otherwise), we are required to prepay the Term A-2 Loan in full concurrently with such termination.

Amounts repaid under the revolving credit facility may be reborrowed, subject to continued compliance with the Amended Credit Agreement. No amount of the Term Loan or the Term A-2 Loan that is repaid may be reborrowed.

The Term Loan, the Term A-2 Loan and revolving credit loans bear interest at a rate per annum equal to the Term SOFR rate as defined in the Amended Credit Agreement (or, in the case of revolving credit loans denominated in Euros or another currency other than U.S. Dollars, the applicable relevant rate per the Amended Credit Agreement), plus a margin that varies within a range of 1.60% to 3.25% based on our consolidated leverage ratio. In addition to certain other fees and expenses that are required to be paid by us to the Lender, we are required to pay a commitment fee on the undrawn portion of the revolving credit facility that varies within a range of 0.15% and 0.40% based on our consolidated leverage ratio.

We must comply with various customary financial and non-financial covenants under the Amended Credit Agreement, certain provisions of which covenants were modified by the Amendment. The financial covenants under the Amended Credit Agreement consist of a maximum consolidated leverage ratio that is tested on the last day of each fiscal quarter of the Company and a minimum consolidated fixed charge coverage ratio that is tested on the last day of each fiscal quarter of the Company; the minimum consolidated interim fixed charge coverage ratio under the Existing Credit Agreement was eliminated by the Amendment. The primary non-financial covenants limit our and our subsidiaries’ ability to incur future indebtedness, to place liens on assets, to pay

dividends or distributions on our or their capital stock, to repurchase or acquire our or their capital stock, to conduct mergers or acquisitions, to sell assets, to alter our or their capital structure, to make investments and loans, to change the nature of our or their business, and to prepay subordinated indebtedness, in each case subject to certain exceptions and thresholds as set forth in the Amended Credit Agreement. As of January 31, 2026, we believe we are in compliance with all of our covenants in the Amended Credit Agreement.

The Lender is entitled to accelerate repayment of the loans and to terminate its revolving credit commitment under the Amended Credit Agreement upon the occurrence of any of various customary events of default, which include, among other events, the following (which are subject, in some cases, to certain grace periods): failure to pay when due any principal, interest or other amounts in respect of the loans, breach of any of our covenants or representations under the loan documents, default under any other of our or our subsidiaries’ significant indebtedness agreements, a bankruptcy, insolvency or similar event with respect to us or any of our subsidiaries, a significant unsatisfied judgment against us or any of our subsidiaries, or a change of control with respect to us.

Our obligations under the Amended Credit Agreement continue to be secured by substantially all of the personal property assets of the Company (including a pledge of the equity interests held by the Company in its subsidiaries ANI ApS, AstroNova GmbH, AstroNova SAS and AstroNova Portugal, Unipessoal, Lda), subject to certain exceptions, and are guaranteed by, and secured by substantially all of the personal property assets of, Astro Machine. Our obligations under the Amended Credit Agreement also continue to be secured by a mortgage on the Company’s owned real property in West Warwick, Rhode Island, and are also secured by a mortgage on Astro Machine’s owned real property in Elk Grove Village, Illinois, which mortgage was entered into in connection with the closing of the Amendment.

Equipment Financing

In January 2024, we entered into a secured equipment loan facility agreement with Banc of America Leasing & Capital, LLC and borrowed a principal amount of $0.8 million thereunder for the purpose of financing our purchase of production equipment. This loan matures on January 23, 2029, and bears interest at a fixed rate of 7.06%. Under this loan agreement, equal monthly payments including principal and interest of $16,296 commenced on February 23, 2024 and will continue through the maturity of the equipment loan facility on January 23, 2029.

Assumed Financing Obligations of MTEX

In connection with our acquisition of MTEX, on the May 6, 2024 closing date of this acquisition we assumed certain existing financing obligations of MTEX that remain outstanding as of January 31, 2026. including a term loan (the “MTEX Term Loan”) pursuant to an agreement dated December 22, 2023 between MTEX and Caixa Central de Crédito Agricola Mutuo. As of January 31, 2026, the remaining balance on the MTEX Term Loan, is EUR 1.3 million ($1.6 million). This loan interest at a rate per annum equal to the EURIBOR 12-month rate plus a 2% margin and requires monthly principal and interest payments of approximately EUR 17,000 ($20,000) which commenced in October 2024 and will continue through maturity on December 21, 2033.

MTEX has also received government assistance in the form of interest-free loans from government agencies located in Portugal (the “MTEX Government Grant Term Loans”). The MTEX Government Grant Term Loans are to be repaid to the applicable government agencies and are classified as long-term debt. The balance of the MTEX Government Grant Term Loans is EUR 0.2 million ($0.2 million) as of January 31, 2026. The MTEX Government Grant Term Loans provide interest-free financing so long as monthly principal payments are made. In the event that MTEX and the applicable government agency renegotiate the payment dates, interest will be calculated according to a rate determined by the government agency as of the date of renegotiation and added to the outstanding principal payments. The MTEX Government Grant Term Loans mature at different dates through January 2027.

Additionally, we assumed short-term financing obligations of MTEX, including letters of credit, maturing term loans, and financing arrangements for working capital classified as debt. As of January 31, 2026, all of these short-termed obligations assumed have been paid and none remain outstanding.

Revolving Credit Facilities

At January 31, 2026, we had a principal balance of $15.7 million outstanding under our revolving credit facility under the Amended Credit Agreement. The balance outstanding under the revolving credit facility bore interest at a weighted average rate of 7.10% and 7.28% for the years ended January 31, 2026 and January 31, 2025, respectively, and we incurred $1.4 million and $1.0 million for interest on these obligations during the years ended January 31, 2026 and January 31, 2025, respectively. Commitment fees on the undrawn portion of our revolving credit facility of $27,000 and $42,000 were incurred for the years ended January 31, 2026 and 2025, respectively. Both the interest expense and commitment fees are included as interest expense in the accompanying consolidated statements of income (loss) for all periods presented. At January 31, 2026, $11.8 million remained available for borrowing under our revolving credit facility. Additionally, MTEX has a EUR 0.5 million ($0.6 million) available line of credit with Caixa Central de Crédito Agricola Mutuo. This credit line was established in December 2023 and is renewable every six months. There was EUR 0.5 million ($0.6 million) outstanding on this line of credit as of January 31, 2026.

Short and Long-Term Debt

Indebtedness in the accompanying consolidated balance sheets is as follows:

 

 

January 31,

 

(In thousands)

 

2026

 

 

2025

 

USD Term Loan (7.024% as of January 31, 2026); maturity date August 4, 2028

 

$

9,500

 

 

$

 

USD Term A-2 Loan (7.024% as of January 31, 2026); maturity date August 4, 2035

 

 

9,599

 

 

 

 

USD Term Loan (6.90% as of January 31, 2025); cancelled October 31, 2025

 

 

 

 

 

9,450

 

Euro Term Loan (5.38% as of January 31, 2025); cancelled October 31, 2025

 

 

 

 

 

12,719

 

MTEX Euro Term Loan (4.226% as of January 31, 2026 and 6.022% as of January 31, 2025); maturity date of December 21, 2033

 

 

1,567

 

 

 

1,514

 

MTEX Euro Government Grant Term Loan (0% as of January 31, 2026 and January 31, 2025); maturity dates through January 2027

 

 

243

 

 

 

876

 

Equipment Loan (7.06% Fixed Rate); maturity date of January 23, 2029

 

 

527

 

 

 

680

 

    Total Debt

 

$

21,436

 

 

$

25,239

 

    Less: Debt Issuance Costs, net of accumulated amortization

 

 

108

 

 

 

85

 

             Current Portion of Debt

 

 

3,033

 

 

 

6,110

 

Long-Term Debt

 

$

18,295

 

 

$

19,044

 

 

During the years ended January 31, 2026, 2025 and 2024, we recognized $1.5 million, $1.6 million and $1.0 million of interest expense on our long-term debt, respectively, which was included in interest expense in the accompanying consolidated statement of income (loss) for all periods presented.

The schedule of required principal payments remaining on our long-term debt outstanding as of January 31, 2026 is as follows:

 

(In thousands)

 

 

 

Fiscal 2027

 

$

3,032

 

Fiscal 2028

 

 

8,370

 

Fiscal 2029

 

 

860

 

Fiscal 2030

 

 

679

 

Fiscal 2031 and beyond

 

 

8,495

 

 

$

21,436

 

v3.26.1
Financial Instruments and Risk Management
12 Months Ended
Jan. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Financial Instruments and Risk Management

Note 9 – Financial Instruments and Risk Management

We use foreign currency-denominated debt to partially hedge our net investment in our operations in our foreign operations against adverse movements in exchange rates. A portion of the Euro-denominated debt is currently designated and is effective as an economic hedge of part of our net investment in our German operation.

On January 31, 2025 we assessed the effectiveness of the net investment hedge and determined that it was no longer highly effective, accordingly, future changes in the carrying value of this non-derivative hedging instrument would have to be recorded in the “other expenses” in the consolidated statements of income (loss). To address this situation, the Euro-denominated debt has been designated as an economic hedge of part of our net investment in our German operation in place of part of our net investment in our Portugal operation effective January 31, 2025.

Foreign currency translation gains or losses due to spot rate fluctuations on the Euro-denominated debt are included in foreign currency translation adjustments in the consolidated statement of comprehensive income (loss) for the years ended January 31, 2026 and January 31, 2025, and within the accumulated other comprehensive items in the shareholder’s equity section of the consolidated balance sheet as follows:

 

(In thousands)

 

Amount of Foreign Currency Translation Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative

 

Financial Instruments Designated as Net Investment Hedge

 

January 31,
2026

 

 

January 31,
2025

 

     Euro-Denominated Debt

 

$

(603

)

 

$

(24

)

 

v3.26.1
Royalty Obligations
12 Months Ended
Jan. 31, 2026
Royalty Obligation Disclosure [Abstract]  
Royalty Obligations

Note 10—Royalty Obligations

In fiscal 2018, we entered into an Asset Purchase and License Agreement with Honeywell International, Inc. ("Honeywell") to acquire an exclusive, perpetual, world-wide license to manufacture Honeywell’s narrow-format flight deck printers for two aircraft families along with certain inventory used in the manufacturing of the licensed printers. The purchase price included a guaranteed minimum royalty payment of $15.0 million, to be paid in quarterly installments over a ten-year period. This ten-year period ends on September 30, 2026. Royalty payments are based on gross revenues from the sales of the printers, paper and repair services of the licensed products. The royalty rates vary based on the year in which they are paid or earned and products sold or service provided, and range from single-digit to mid double-digit percentages of gross revenue.

The guaranteed minimum royalty payment obligation was recorded at the present value of the minimum annual royalty payments. As of January 31, 2026, we had paid an aggregate of $13.8 million of the guaranteed minimum royalty obligation. At January 31, 2026, the remainder of the outstanding guaranteed minimum royalty obligation of $1.2 million is to be paid over the next twelve months and is reported as a current liability. In addition to the guaranteed minimum royalty payments, for the periods ended January 31, 2026, 2025 and 2024, we also incurred excess royalty expense of $2.1 million, $2.5 million and $2.3 million, respectively, which is included in cost of revenue in our consolidated statements of income (loss) for those periods. A total of $0.3 million of excess royalty is payable and reported as a current liability on our consolidated balance sheet at January 31, 2026.

In fiscal 2023, we entered into an Asset Purchase and License Agreement with Honeywell (the “New HW Agreement”) to acquire an exclusive, perpetual, world-wide license to manufacture Honeywell’s flight deck printers for the Boeing 787 aircraft. The New HW Agreement provides for royalty payments to Honeywell based on gross revenues from the sales of the printers, paper and repair services of the licensed products in perpetuity. The royalty rates vary based on the year in which they are paid or earned and as products are sold or as services are provided and range from single-digit to mid-double-digit percentages of gross revenue. The New HW Agreement includes a provision for guaranteed minimum royalty payments to be paid in the event that the royalties earned by Honeywell do not meet the minimum for the preceding calendar year as follows: $100,000 in 2024, $200,000 in 2025, $233,000 in each of 2026 and 2027, and $234,000 in 2028.

As of January 31, 2026, the total outstanding royalty obligation on the New HW Agreement is $0.6 million, including $0.4 million recorded as a current liability in the accompanying consolidated balance sheet.

v3.26.1
Leases
12 Months Ended
Jan. 31, 2026
Leases [Abstract]  
Leases

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 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 Liabilities—Current

 

Other Accrued Expenses

 

$

584

 

 

$

320

 

Lease Liabilities—Long 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 to leases is as follows:

 

(In thousands)

 

2026

 

 

2025

 

Cash paid for operating lease liabilities

 

$

675

 

 

$

418

 

v3.26.1
Government Grants
12 Months Ended
Jan. 31, 2026
Government Grants [Abstract]  
Government Grants

Note 12 – Government Grants

Our MTEX operation receives grants from its local government in Portugal to support its operations and various capital projects. We account for these government grants by analogy to International Accounting Standards 20, “Accounting for Government Grants and Disclosure of Government Assistance,” which follows a grant accounting model. Under this accounting framework, government assistance is recognized when it is probable we will receive assistance and comply with the conditions attached to the assistance. Operational-related assistance is recorded on a systematic basis over the periods in which the related costs or expenditures have occurred and is presented as a reduction in the expense for which it is intended to defray. Capital-related assistance is recorded as long-term deferred revenue and is recognized in cost of revenue as an offset against depreciation expense over the applicable asset's useful life.

The grant programs have execution periods ending on various dates beginning in May 2025 and continuing through November 2026. The government agencies may verify compliance with the conditions established in the contracts during the investment phase and upon completion and are entitled to propose adjustments and require reimbursement if the contracts do not meet the specifications. Historically, no significant corrections or returns have occurred. As of January 31, 2026, there are no contingencies associated with the government grants.

The capital-related government contracts between the Portuguese government and MTEX are defined on a grant-by-grant basis, with partial reimbursement of the assets acquired in connection with these grants. We have $1.1 million of deferred revenue for capital related government grants which is included in the accompanying consolidated balance sheet as of January 31, 2026 of which $0.2 million is included in other accrued expenses, and we have recognized $0.3 million of grant revenue, included in cost of revenue as an offset to depreciation expense in the consolidated statement of income (loss) for the year ended January 31, 2026.

Under the operational-related assistance grants, MTEX commits to research and development projects that the Portuguese government partially reimburses. We have recognized $0.3 million of grant revenue for our operational related assistance grants which is offset against the expenditures recognized for those grants and is included in selling and marketing expense in the accompanying condensed consolidated statement of income (loss) for the year ended January 31, 2026.

v3.26.1
Accumulated Other Comprehensive Loss
12 Months Ended
Jan. 31, 2026
Equity [Abstract]  
Accumulated Other Comprehensive Loss

Note 13—Accumulated Other Comprehensive Loss

The changes in the balance of accumulated other comprehensive loss by component are as follows:

 

(In thousands)

 

Foreign Currency
Translation
Adjustments

 

Balance at January 31, 2023

 

$

(2,238

)

Other Comprehensive Income (Loss)

 

 

19

 

Balance at January 31, 2024

 

$

(2,219

)

Other Comprehensive Income (Loss)

 

 

(1,130

)

Balance at January 31, 2025

 

$

(3,349

)

Other Comprehensive Income (Loss)

 

 

1,551

 

Balance at January 31, 2026

 

$

(1,798

)

 

The amounts presented above in other comprehensive income (loss) are net of taxes except for translation adjustments associated with our German, Danish and Shanghai subsidiaries. The foreign cumulative translation adjustment includes translation adjustments and net investment hedges. See Note 9, "Financial Instruments and Risk Management" for additional disclosures about the net investment hedge.

v3.26.1
Shareholders' Equity
12 Months Ended
Jan. 31, 2026
Equity [Abstract]  
Shareholders' Equity

Note 14—Shareholders’ 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.

v3.26.1
Share-Based Compensation
12 Months Ended
Jan. 31, 2026
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-Based Compensation

Note 15—Share-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 grantee’s 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.

In addition to the 2018 Plan, we previously granted equity awards under our 2015 Equity Incentive Plan (the “2015 Plan”) and our 2007 Equity Incentive Plan (the “2007 Plan”). No new awards may be issued under either the 2007 or 2015 Plans, but outstanding awards will continue to be governed by those plans. As of January 31, 2026, options to purchase an aggregate of 117,349 shares were outstanding under the 2007 Plan and options to purchase an aggregate of 55,200 shares were outstanding under the 2015 Plan.

We also have a Non-Employee Director Annual Compensation Program (the “Program”) under which each non-employee director receives an automatic grant of RSAs on the date of the regular full meeting of the Board of Directors held each fiscal quarter. Under the Program, the number of whole shares to be granted each quarter is equal to 25% of the number calculated by dividing the director’s annual compensation amount by the fair market value of our stock on such day. The director’s annual compensation amount for RSAs is $72,800. Beginning in the second quarter of fiscal 2026, the Board of Directors elected to receive their annual cash compensation entirely in stock, issued as RSAs based on the closing stock price at each quarterly meeting. The amount of annual cash compensation varies by director based on the positions held on the Board. All RSAs granted under the Program vest immediately.

Share-Based Compensation:

Share-based compensation expense has been recognized as follows:

 

 

Years Ended January 31,

 

(In thousands)

 

2026

 

 

2025

 

 

2024

 

Stock Options

 

$

159

 

 

$

 

 

$

 

Restricted Stock Awards and Restricted Stock Units

 

 

1,886

 

 

 

1,338

 

 

 

1,322

 

Stock-Settled Performance Awards

 

 

240

 

 

 

 

 

 

 

Employee Stock Purchase Plan

 

 

25

 

 

 

40

 

 

 

25

 

Total

 

$

2,310

 

 

$

1,378

 

 

$

1,347

 

Stock Options:

The fair value of stock options granted during the year ended January 31, 2026 was estimated using the following assumptions:

 

 

 

 

 

Risk Free Rate

 

 

 

4.2

%

Expected Volatility

 

 

 

45.7

%

Expected Life (in years)

 

 

 

7.6

 

The weighted average fair value per share for options granted was $6.15 during the year ended January 31, 2026. There were no stock options granted in fiscal 2025.

Aggregated information regarding stock options granted under the plans is summarized below:

 

Number
of Shares

 

 

Weighted-
Average
Exercise
Price Per
Share

 

Options Outstanding, January 31, 2023

 

 

547,199

 

 

$

15.16

 

Options Granted

 

 

 

 

 

 

Options Exercised

 

 

(9,100

)

 

 

11.54

 

Options Forfeited

 

 

(10,525

)

 

 

15.20

 

Options Cancelled

 

 

(4,225

)

 

 

10.50

 

Options Outstanding, January 31, 2024

 

 

523,349

 

 

$

15.26

 

Options Granted

 

 

 

 

 

 

Options Exercised

 

 

(65,900

)

 

 

13.86

 

Options Forfeited

 

 

 

 

 

 

Options Cancelled

 

 

(35,750

)

 

 

14.69

 

Options Outstanding, January 31, 2025

 

 

421,699

 

 

$

15.52

 

Options Granted

 

 

30,000

 

 

 

11.10

 

Options Exercised

 

 

 

 

 

 

Options Forfeited

 

 

 

 

 

 

Options Cancelled

 

 

(132,650

)

 

 

14.40

 

Options Outstanding, January 31, 2026

 

 

319,049

 

 

$

15.52

 

 

Set forth below is a summary of options outstanding at January 31, 2026:

 

Outstanding

 

 

Exercisable

 

Range of
Exercise prices

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life

 

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Life

 

$10.01-15.00

 

 

127,974

 

 

$

12.92

 

 

 

2.7

 

 

 

127,974

 

 

$

12.92

 

 

 

2.7

 

$15.01-20.00

 

 

191,075

 

 

 

17.35

 

 

 

1.1

 

 

 

191,075

 

 

 

17.35

 

 

 

1.1

 

 

 

319,049

 

 

$

15.57

 

 

 

1.7

 

 

 

319,049

 

 

$

15.57

 

 

 

1.7

 

 

As of January 31, 2026, there was no unrecognized compensation expense related to the unvested stock options granted under the plans.

As of January 31, 2026, there was no aggregate intrinsic value (the aggregate difference between the closing stock price of our common stock on January 31, 2026, and the exercise price of the outstanding options) received by the option holders if all options had been exercised for all exercisable options and all options outstanding. No options were exercised in fiscal 2026. The total aggregate intrinsic value of options exercised during fiscal 2025 and 2024 was $242,000 and $32,000, respectively.

Restricted Stock Units (RSUs), Performance-Based Restricted Stock Units (PSUs) and Restricted Stock Awards (RSAs):

Aggregated information regarding RSUs, PSUs and RSAs granted under the Plan is summarized below:

 

 

RSUs, PSUs &
RSAs

 

 

Weighted-Average
Grant Date
Fair Value

 

Outstanding at January 31, 2023

 

 

274,927

 

 

$

12.82

 

Granted

 

 

157,643

 

 

 

12.64

 

Vested

 

 

(116,288

)

 

 

12.29

 

Forfeited

 

 

(15,577

)

 

 

13.37

 

Outstanding at January 31, 2024

 

 

300,705

 

 

$

12.90

 

Granted

 

 

96,040

 

 

 

16.93

 

Vested

 

 

(96,987

)

 

 

13.95

 

Forfeited

 

 

(45,981

)

 

 

12.64

 

Outstanding at January 31, 2025

 

 

253,777

 

 

$

14.07

 

Granted

 

 

518,076

 

 

 

10.32

 

Vested

 

 

(134,368

)

 

 

11.58

 

Forfeited

 

 

(145,953

)

 

 

12.76

 

Outstanding at January 31, 2026

 

 

491,532

 

 

$

11.19

 

 

As of January 31, 2026, there was $3.9 million of unrecognized compensation expense related to unvested RSUs, PSUs and RSAs. This expense is expected to be recognized over a weighted average period of 2.4 years.

Long-Term Incentive Program

In June 2025, the Human Capital and Compensation Committee of our Board of Directors approved the 2026 Senior Executive Long-Term Incentive Program (“2026 LTIP”). The 2026 LTIP provides for the issuance of Stock-Settled Performance Awards (“SSPAs”) to senior executives. Each senior executive’s SSPA has a set dollar value at the grant date and will be settled in a variable number of shares of common stock subsequent to fiscal 2028 based on the achievement of certain fiscal 2028 Company performance goals. Shares issued under the 2026 LTIP will be issued from our 2018 Plan.

Awards issued under our 2026 LTIP are accounted for as liability-classified awards, because the obligations are based predominantly on fixed monetary amounts that are generally known at inception of the obligation, and are settled with a variable number of shares of our common stock.

We record share-based compensation expense related to the 2026 LTIP over the service period of eligible employees based on forecasted performance relative to the Company metrics. To the extent that updated estimates differ from original estimates, the cumulative effect on current and prior periods of those changes is recorded in the period those estimates are revised.

For the year ended January 31, 2026, share-based compensation expense of $240,000 was recognized under the 2026 LTIP, and a related accrued liability of $240,000 was included in the consolidated balance sheet at January 31, 2026.

Employee Stock Purchase Plan (ESPP)

Our ESPP allowed eligible employees to purchase shares of common stock at a 15% discount from fair value on the first or last day of an offering period, whichever is less. A total of 40,000 shares were initially reserved for issuance under the ESPP. Effective April 22, 2025, the Board of Directors terminated the ESPP. There were 6,463 shares purchased in fiscal 2026 through the April 22, 2025, termination date.

v3.26.1
Income Taxes
12 Months Ended
Jan. 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes

Note 16—Income 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

 

 

 

0.1

%

    United Kingdom

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

          Statutory rate difference between United Kingdom and United States

 

 

92

 

 

 

(3.6

)%

 

 

7

 

 

 

(0.1

)%

 

 

(54

)

 

 

(0.9

)%

          Other

 

 

(17

)

 

 

0.7

%

 

 

(3

)

 

 

 

 

 

(11

)

 

 

(0.2

)%

     Denmark

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

          Statutory rate difference between Denmark and United States

 

 

(119

)

 

 

4.7

%

 

 

278

 

 

 

(2.3

)%

 

 

107

 

 

 

1.8

%

          Return to Provision Adjustment

 

 

 

 

 

 

 

 

(105

)

 

 

0.9

%

 

 

(178

)

 

 

(2.9

)%

     China

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         Changes in Valuation Allowances

 

 

(131

)

 

 

5.2

%

 

 

(42

)

 

 

0.3

%

 

 

73

 

 

 

1.2

%

         Other

 

 

13

 

 

 

(0.5

)%

 

 

7

 

 

 

(0.1

)%

 

 

(12

)

 

 

(0.2

)%

Portugal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

        Statutory rate difference between Portugal and United States

 

 

357

 

 

 

(14.1

)%

 

 

43

 

 

 

(0.4

)%

 

 

 

 

 

 

        Goodwill Impairment

 

 

62

 

 

 

(2.5

)%

 

 

2,815

 

 

 

(22.9

)%

 

 

 

 

 

 

        Portugal Tax Incentives - Valuation Allowance

 

 

 

 

 

 

 

 

2,373

 

 

 

(19.3

)%

 

 

 

 

 

 

        Other

 

 

15

 

 

 

(0.6

)%

 

 

 

 

 

 

 

 

 

 

 

 

Effect of Cross-Border Tax Laws

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

       Global Intangible Low Tax Income (GILTI)

 

 

160

 

 

 

(6.3

)%

 

 

 

 

 

 

 

 

 

 

 

 

       Section 250 Deduction - FDII

 

 

 

 

 

 

 

 

(151

)

 

 

1.2

%

 

 

(98

)

 

 

(1.6

)%

      Other

 

 

(27

)

 

 

1.1

%

 

 

(19

)

 

 

0.2

%

 

 

(47

)

 

 

(0.8

)%

Tax Credits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

      R&D Credits

 

 

(213

)

 

 

8.4

%

 

 

(205

)

 

 

1.7

%

 

 

(160

)

 

 

(2.6

)%

Changes in Valuation Allowances

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nontaxable or Nondeductible Items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Stock Compensation

 

 

79

 

 

 

(3.1

)%

 

 

(74

)

 

 

0.6

%

 

 

(43

)

 

 

(0.7

)%

     Fines and Penalties

 

 

34

 

 

 

(1.3

)%

 

 

10

 

 

 

(0.1

)%

 

 

13

 

 

 

0.2

%

     Other

 

 

50

 

 

 

(2.0

)%

 

 

178

 

 

 

(1.4

)%

 

 

(6

)

 

 

(0.1

)%

Changes in Unrecognized Tax Benefits

 

 

116

 

 

 

(4.6

)%

 

 

133

 

 

 

(1.1

)%

 

 

60

 

 

 

1.0

%

Return to Provision Adjustment

 

 

100

 

 

 

(4.0

)%

 

 

(262

)

 

 

2.1

%

 

 

106

 

 

 

1.7

%

Effect of Rates Different than Statutory

 

 

(206

)

 

 

8.1

%

 

 

(258

)

 

 

2.1

%

 

 

(17

)

 

 

(0.3

)%

Other Adjustments

 

 

2

 

 

 

(0.1

)%

 

 

(2

)

 

 

0.1

%

 

 

(1

)

 

 

 

Effective Tax Rate

 

$

(160

)

 

 

6.3

%

 

$

2,202

 

 

 

(17.9

)%

 

$

1,379

 

 

 

22.7

%

(1)
State taxes in Illinois contributed to the majority (greater than 50%) of the tax effect in this category.

Our effective tax rate for fiscal 2026 was 6.3% compared to (17.9)% in fiscal 2025 and 22.7% in fiscal 2024. The fiscal 2026 increase in the effective tax rate compared to the prior year is primarily driven by a change in the earnings mix of the Company’s pre-tax book income, the release of a valuation allowance on China net operating losses, the benefit from state research and development tax credits, and adjustment to goodwill impairment recorded in the prior year. The increase to the effective tax rate in the current year was partially offset by tax expense related to uncertain tax positions, foreign tax rate differences to the US statutory rate, a decrease in windfalls on share based compensation, and income inclusions related to Global Intangible Low‑Taxed Income.

In fiscal 2025, the effective tax rate was impacted by a valuation allowance recorded against MTEX deferred tax assets as well as goodwill impairment on MTEX assets, decreasing the rate. The decrease in the effective tax rate in fiscal 2025 from fiscal 2024 is primarily related to the decrease in pre-tax book income and the federal income tax provision associated with the goodwill impairment and MTEX losses, the decrease in return to provision adjustments, and the decrease in the valuation allowance associated with China losses. This decrease was partially offset by other factors increasing the effective tax rate such as the valuation allowance recorded on Portuguese tax credits, goodwill impairment recorded on MTEX for the PI reporting segment, and transaction costs associated with the MTEX acquisition.

Cash paid for income taxes, net of refunds by jurisdiction is as follows:

 

(In thousands)

 

2026

 

 

2025

 

 

2024

 

U.S. Federal

 

$

300

 

 

$

1,490

 

 

$

951

 

U.S. State and Local

 

 

 

 

 

 

 

 

 

    Rhode Island

 

 

49

 

 

 

 

 

 

 

    California

 

 

37

 

 

 

 

 

 

 

    Illinois

 

 

 

 

 

 

 

 

135

 

    All other state and local jurisdictions

 

 

(41

)

 

 

168

 

 

 

216

 

Foreign:

 

 

 

 

 

 

 

 

 

     Germany

 

 

364

 

 

 

525

 

 

 

329

 

     Canada

 

 

(111

)

 

 

 

 

 

 

     All Other Foreign Jurisdictions

 

 

36

 

 

 

27

 

 

 

63

 

Total Cash Income Taxes Paid, Net of Refunds

 

$

634

 

 

$

2,210

 

 

$

1,694

 

The components of deferred income tax expense arise from various temporary differences and relate to items included in the statement of income. The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and liabilities are as follows:

 

 

 

January 31,

 

(In thousands)

 

2026

 

 

2025

 

Deferred Tax Assets:

 

 

 

 

 

 

Honeywell Royalty Liability

 

$

4,821

 

 

$

4,280

 

R&D Expense Capitalization

 

 

3,667

 

 

 

2,894

 

Portugal Tax Incentives

 

 

2,373

 

 

 

2,373

 

Inventory

 

 

1,839

 

 

 

1,994

 

State R&D Credits

 

 

2,105

 

 

 

1,721

 

Net Operating Loss

 

 

1,049

 

 

 

886

 

Share-Based Compensation

 

 

593

 

 

 

575

 

Portugal Statutory Tax Adjustments

 

 

541

 

 

 

541

 

Compensation Accrual

 

 

250

 

 

 

285

 

Foreign Tax Credit

 

 

154

 

 

 

154

 

Bad Debt

 

 

93

 

 

 

115

 

Warranty Reserve

 

 

127

 

 

 

120

 

ASC 842 Adjustment – Lease Liability

 

 

218

 

 

 

87

 

Other

 

 

799

 

 

 

563

 

 

$

18,629

 

 

$

16,588

 

Deferred Tax Liabilities:

 

 

 

 

 

 

Accumulated Tax Depreciation in Excess of Book Depreciation

 

 

1,371

 

 

 

1,632

 

Intangibles

 

 

2,037

 

 

 

1,544

 

Purchase Price Accounting

 

 

270

 

 

 

270

 

Portugal Statutory Tax Adjustments

 

 

110

 

 

 

110

 

ASC 842 Adjustment – ROU Asset

 

 

215

 

 

 

87

 

Other

 

 

142

 

 

 

154

 

 

$

4,145

 

 

$

3,797

 

Subtotal

 

 

14,484

 

 

 

12,791

 

Valuation Allowance

 

 

(4,653

)

 

 

(4,400

)

Net Deferred Tax Assets

 

$

9,831

 

 

$

8,391

 

Deferred taxes are reflected in the consolidated balance sheet as follows:

 

 

 

January 31,

 

(In thousands)

 

2026

 

 

2025

 

Deferred Tax Assets

 

$

9,850

 

 

$

8,431

 

Deferred Tax Liabilities

 

 

(19

)

 

 

(40

)

Total Net Deferred Tax Assets

 

$

9,831

 

 

$

8,391

 

 

 

The valuation allowances of $4.7 million at January 31, 2026 and $4.4 million at January 31, 2025, relate to Rhode Island research and development tax credit carryforwards, foreign tax credit carryforwards and Portugal tax credits. The valuation allowance as of January 31, 2025, included amounts related to China net operating losses, which were released during the period ending January 31, 2026.

At January 31, 2026, we had net operating loss carryforwards of $1.0 million, which expire in 2026 through 2045 and interest expense carryforwards of $11,800, which carry forward indefinitely.

At January 31, 2026, we had state research credit carryforwards of approximately $2.1 (net of federal benefit) million which expire in 2027 through 2032. Additionally, we had $0.2 million of foreign tax credits. We maintain a full valuation allowance against these credits as we expect these credits to expire unused. Due to the acquisition of MTEX that occurred during 2024, we acquired tax attributes of $2.3 million related to tax incentives associated with the System of Tax Incentives in Business Research and Development ("SIFIDE") and Investment Support Tax Regime ("RFAI"). The SIFIDE incentive is a research and development credit for Portuguese tax resident companies carrying out commercial, industrial, or agricultural activities, and non-resident companies with a permanent establishment in the Portuguese territory. The RFAI is a tax regime for investment promotion, in which an incentive is given to companies that invest in certain regions (capped at 50% of the corporate income tax due) of 30% (for qualified investments lower than € 15 million) or 10% (for the part of qualified investments exceeding that limit) of the qualified investment. The credits have carryforward periods of 10 years and 12 years for SIFIDE and RFAI, respectively. We maintain a full valuation allowance against these credits as we expect these credits to expire unused.

The changes in the balances of unrecognized tax benefits, excluding interest and penalties are as follows:

 

(In thousands)

 

2026

 

 

2025

 

 

2024

 

Balance, beginning of the year

 

$

639

 

 

$

505

 

 

$

414

 

Increases in prior period tax positions

 

 

21

 

 

 

10

 

 

 

 

Increases in current period tax positions

 

 

135

 

 

 

143

 

 

 

162

 

Reductions related to lapse of statutes of limitations

 

 

(8

)

 

 

(19

)

 

 

(71

)

Balance, end of the year

 

$

787

 

 

$

639

 

 

$

505

 

 

During fiscal 2026 and 2025, we released $38,000 and $19,000, respectively, of uncertain tax positions including accrued interest and penalties relating to a change in various unrecognized tax positions. We have accrued potential interest and penalties of $40,000 included in income taxes payable in the accompanying consolidated balance sheet at January 31, 2026.

We and our subsidiaries file income tax returns in U.S. federal jurisdictions, various state jurisdictions, and various foreign jurisdictions. In fiscal 2025, we released $18,000 of state nexus positions as a result of the expiration of the statute of limitations.

U.S. income taxes have not been provided on $14.0 million of undistributed earnings of our foreign subsidiaries since it is our intention to permanently reinvest such earnings offshore. If the earnings were distributed in the form of dividends, we would not be subject to U.S. tax as a result of the Tax Cuts and Jobs Act (“TCJA") but could be subject to foreign income and withholding taxes. Determination of the amount of this unrecognized deferred income tax liability is not practical.

 

On July 4, 2025, the “One Big Beautiful Bill Act” (“OBBBA”) was signed into law in the United States. The OBBBA includes a broad range of tax reform provisions for businesses, including extensions of key TCJA provisions, modifications to the international tax framework, and restoration of favorable tax treatment for certain business provisions. Certain provisions of the legislation became effective in 2025, while others will become effective in 2026. The OBBBA was enacted during our second fiscal quarter of 2026, and we have considered its potential effects and reflected the impact of the OBBBA on our financial position, results of operations, and cash flows. The fiscal 2026 impacts of the OBBBA are insignificant based on our current operations.

v3.26.1
Segment Reporting and Geographical Information
12 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting and Geographical Information

Note 17—Segment 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 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 on segment profit or loss, which represents the segments’ income (loss) before income taxes and excludes corporate expenses. The accounting policies of the reporting segments are the same as those described in the summary of significant accounting policies herein.

In the fourth quarter of fiscal 2026, we refined our segment reporting to better reflect how the chief operating decision maker CODM evaluates segment performance by allocating certain costs previously included in corporate general and administrative expense to the applicable reporting segments. These allocations were made to enhance the accuracy and comparability of segment profit or loss and are consistent with our organizational alignment and internal management reporting. At the same time, we also revised our methodology for allocating certain costs between cost of goods sold and operating expense at the segment level. As a result, prior‑period segment cost of revenue, operating expenses and segment profit or loss have been recast to conform to these changes.

The CODM does not evaluate reportable segment assets or liability information, and as such, assets are reported on a consolidated basis only.

Our business is conducted in the United States and through foreign branch offices and subsidiaries in Canada, Europe, China, Southeast Asia and Mexico. Manufacturing activities are primarily conducted in the United States. Revenue and service activities outside the United States are conducted through wholly owned entities and, to a lesser extent, through authorized distributors and agents. Transfer prices are intended to produce gross profit margins as would be associated with an arms-length transaction.

Summarized below are the Revenue and Segment Operating Profit (Loss) for each reporting segment for the years ended January 31:

 

($ in thousands)

 

2026

 

 

2025

 

 

2024

 

Revenue:

 

 

 

 

 

 

 

 

 

  Product ID

 

$

104,221

 

 

$

102,345

 

 

$

104,041

 

  Aerospace

 

 

46,294

 

 

 

48,938

 

 

 

44,045

 

     Total Revenue

 

$

150,515

 

 

$

151,283

 

 

$

148,086

 

 

 

 

 

 

 

 

 

 

 

Cost of Revenue:

 

 

 

 

 

 

 

 

 

  Product ID

 

$

74,383

 

 

$

69,775

 

 

$

70,436

 

  Aerospace

 

 

28,497

 

 

 

30,851

 

 

 

28,145

 

     Total Cost of Revenue

 

$

102,880

 

 

$

100,626

 

 

$

98,581

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

  Product ID(1)

 

$

30,310

 

 

$

44,429

 

 

$

28,280

 

  Aerospace(1)

 

 

8,034

 

 

 

9,000

 

 

 

7,660

 

     Total Operating Expenses

 

$

38,344

 

 

$

53,429

 

 

$

35,940

 

 

 

 

 

 

 

 

 

 

 

 Segment Operating Income (Loss):

 

 

 

 

 

 

 

 

 

  Product ID

 

$

(472

)

 

$

(11,859

)

 

$

5,325

 

  Aerospace

 

 

9,763

 

 

 

9,087

 

 

 

8,240

 

     Total Segment Operating Income

 

$

9,291

 

 

$

(2,772

)

 

$

13,565

 

 

 

 

 

 

 

 

 

 

 

   Corporate Expense (2)

 

 

(8,085

)

 

 

(5,868

)

 

 

(4,769

)

Operating Income (Loss)

 

$

1,206

 

 

$

(8,640

)

 

$

8,796

 

Other Income (Expense) (3)

 

 

(3,742

)

 

 

(3,647

)

 

 

(2,723

)

Income (Loss) Before Income Taxes

 

$

(2,536

)

 

$

(12,287

)

 

$

6,073

 

Income Tax Provision

 

 

(160

)

 

 

2,202

 

 

 

1,379

 

Net Income (Loss)

 

$

(2,376

)

 

$

(14,489

)

 

$

4,694

 

 

(1) Product ID and Aerospace segment operating expenses include Selling and Marketing, Research and Development, and Goodwill Impairment.

(2) Corporate Expenses consist of executive and finance compensation, professional fees as well as certain other costs not allocated to the reporting segments.

(3) Includes interest expense, gain/(loss) on foreign exchange and other miscellaneous income/(expense) not allocated to the reporting segments.

 

 

 

Revenue by product type for each reporting segment for the years ended January 31,:

 

($ in thousands)

2026*

 

 

2025

 

 

2024

 

  Product ID:

 

 

 

 

 

 

 

 

     Hardware

$

19,976

 

 

$

18,294

 

 

$

21,270

 

     Supplies

 

76,575

 

 

 

76,797

 

 

 

75,418

 

     Other*

 

7,670

 

 

 

7,254

 

 

 

7,353

 

        Total Product ID Revenue

 

104,221

 

 

 

102,345

 

 

 

104,041

 

  Aerospace:

 

 

 

 

 

 

 

 

     Hardware

 

26,673

 

 

 

26,338

 

 

 

28,170

 

     Supplies

 

4,277

 

 

 

4,626

 

 

 

3,834

 

     Other

 

15,344

 

 

 

17,974

 

 

 

12,041

 

        Total Aerospace Revenue

 

46,294

 

 

 

48,938

 

 

 

44,045

 

       Total Revenue

$

150,515

 

 

$

151,283

 

 

$

148,086

 

*Includes $1,020,000 of tariff revenue.

 

Other information by segment is presented below for the years ended January 31,:

 

 

 

Depreciation and Amortization

 

 

Capital Expenditures

 

 

(In thousands)

 

2026

 

 

2025

 

 

2024

 

 

2026

 

 

2025

 

 

2024

 

 

Product ID

 

$

3,322

 

 

$

3,279

 

 

$

2,378

 

 

$

259

 

 

$

1,066

 

 

$

1,687

 

*

Aerospace

 

 

1,464

 

 

 

1,482

 

 

 

1,873

 

 

 

73

 

 

 

99

 

 

 

10

 

 

Corporate

 

 

18

 

 

 

19

 

 

 

15

 

 

 

 

 

 

 

 

 

0

 

 

Total

 

$

4,804

 

 

$

4,780

 

 

$

4,266

 

 

$

332

 

 

$

1,165

 

 

$

1,697

 

 

*Includes financed equipment purchase of $822,000.

 

Geographical Data

Presented below is selected financial information by geographic area for the years ended January 31,:

 

(In thousands)

 

2026*

 

 

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

 

$

150,515

 

 

$

151,283

 

 

$

148,086

 

 

*Includes $1,020,000 of tariff revenue.

v3.26.1
Employee Benefit Plans
12 Months Ended
Jan. 31, 2026
Postemployment Benefits [Abstract]  
Employee Benefit Plans

Note 18—Employee 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.

v3.26.1
Product Warranty Liability
12 Months Ended
Jan. 31, 2026
Guarantees and Product Warranties [Abstract]  
Product Warranty Liability

Note 19—Product Warranty Liability

We offer a manufacturer’s warranty for the majority of our hardware products. The specific terms and conditions of warranty vary depending upon the products sold and the country in which we do business. We estimate the warranty costs based on historical

claims experience and record a liability in the amount of the estimated cost required to settle existing and future claims. We regularly assess the adequacy of our recorded warranty liabilities and adjust the amounts as necessary. Activity in the product warranty liability, which is included in other accrued expenses in the accompanying consolidated balance sheets, is as follows:

 

 

(In thousands)

 

2026

 

 

2025

 

 

2024

 

Balance, beginning of the year

 

$

548

 

 

$

711

 

 

$

1,072

 

Provision for Warranty Expense

 

 

1,475

 

 

 

751

 

 

 

1,181

 

Cost of Warranty Repairs

 

 

(1,450

)

 

 

(914

)

 

 

(1,542

)

Balance, end of the year

 

$

573

 

 

$

548

 

 

$

711

 

v3.26.1
Restructuring
12 Months Ended
Jan. 31, 2026
Restructuring and Related Activities [Abstract]  
Restructuring

Note 20—Restructuring

On March 20, 2025, we announced our restructuring actions for fiscal 2026, which include the reduction of approximately 10% of the Company’s 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 table summarizes restructuring costs included in the accompanying condensed consolidated statement of income (loss) for the year ended January 31, 2026:

 

(In thousands)

 

 

 

Cost of Revenue

 

$

367

 

Operating Expenses:

 

 

 

Selling & Marketing

 

 

238

 

General & Administrative

 

 

752

 

Total

 

$

1,357

 

v3.26.1
Concentration of Risk
12 Months Ended
Jan. 31, 2026
Risks and Uncertainties [Abstract]  
Concentration of Risk

Note 21—Concentration of Risk

Credit is generally extended on an uncollateralized basis to almost all customers after review of credit worthiness. Concentration of credit and geographic risk with respect to accounts receivable is limited due to the large number and general dispersion of accounts, which constitute our customer base. We periodically perform on-going credit evaluations of our customers. We have not historically experienced significant credit losses on collection of our accounts receivable.

During the years ended January 31, 2026 and 2025, we had two vendors that accounted for 25.6% and 27.3% of purchases, respectively, and for the year ended January 31, 2024, we had one vendor that accounted for 23.5% of purchases. We had one vendor that accounted for 10.9%, 13.3%, and 46.9%, respectively, of accounts payable as of January 31, 2026, 2025, and 2024.

v3.26.1
Commitments and Contingencies
12 Months Ended
Jan. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 22—Commitments 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 contingencies or changes out of our control.

v3.26.1
Fair Value Measurements
12 Months Ended
Jan. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements

Note 23—Fair 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.

v3.26.1
Schedule II - Valuation and Qualifying Accounts and Reserves
12 Months Ended
Jan. 31, 2026
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Schedule II - Valuation and Qualifying Accounts and Reserves

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

 

Description

 

Balance at
Beginning
of Year

 

 

Provision/
(Benefit)
Charged to
Operations

 

 

Deductions(2)

 

 

Balance
at End
of Year

 

Allowance for Doubtful Accounts (1):

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended January 31,

 

 

 

 

 

 

 

 

 

 

 

 

2026

 

$

3,104

 

 

$

297

 

 

$

(1,060

)

 

$

2,341

 

2025

 

$

618

 

 

$

2,486

 

 

$

 

 

$

3,104

 

2024

 

$

731

 

 

$

(113

)

 

$

 

 

$

618

 

(1)
The allowance for doubtful accounts has been netted against accounts receivable in the balance sheets as of the respective balance sheet dates.
(2)
Uncollectible accounts written off, net of recoveries.
v3.26.1
Summary of Significant Accounting Policies (Policies)
12 Months Ended
Jan. 31, 2026
Accounting Policies [Abstract]  
Basis of Presentation

Basis of Presentation: The accompanying financial statements and accompanying notes have been prepared by us pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) and are presented in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). Our fiscal year end is January 31. Unless otherwise stated, all years and dates refer to our fiscal year.

Principles of Consolidation

Principles of Consolidation: The consolidated financial statements include the accounts of AstroNova, Inc. and its subsidiaries. All material intercompany accounts and transactions are eliminated in consolidation.

Reclassification

Reclassification: Certain amounts in prior year’s financial statements have been reclassified to conform to the current year’s presentation. In the fourth quarter of fiscal 2026, we revised our methodology for allocating certain costs between cost of revenue and operating expenses. As a result of this change, prior period cost of goods sold and operating expenses have been recast in the accompanying statements of income (loss) for the periods ended January 31, 2025 and January 31, 2024. This change reduced gross profit by $2.1 million in each of the periods ended January 31, 2025 and January 31, 2024.

Also, in the fourth quarter of fiscal 2026, we refined our reporting to better reflect segment performance by allocating certain costs previously included in corporate general and administrative expense to the operating expenses of the applicable reporting segments. See Note 17, “Segment Reporting and Geographical Information” for further details on the impact of these changes to segment reporting.

Use of Estimates

Use of Estimates: The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect these financial statements and accompanying notes using information that is reasonably available to us at this time. Some of the more significant estimates relate to revenue recognition; allowances for doubtful accounts; inventory valuation; income taxes; valuation of long-lived assets, intangible assets and goodwill; share-based compensation; and warranty reserves. Management’s estimates are based on the facts and circumstances available at the time estimates are made, historical experience, risk of loss, general economic conditions and trends, and management’s assessments of the probable future outcome of these matters. Consequently, actual results could differ from those estimates.

Correction of Immaterial Error in Prior Period Financial Statements

Correction of Immaterial Error in Prior Period Financial Statements: During the third quarter of fiscal 2026, we identified an error related to the accounting for the MTEX acquisition. The error involved the recognition of Euro 1.8 million (approximately $1.9 million as of the opening balance sheet date of May 6, 2024) in net book value of property, plant and equipment (“PP&E”) that was included in the opening balance sheet. In September 2025 we discovered that these assets were either non-existent or obsolete at the acquisition date. Accordingly, the net book value of these assets was written off in the third quarter of fiscal 2026, with a corresponding increase to goodwill acquired in the acquisition. This error correction had no impact on net assets in the MTEX opening balance sheet. Refer to Note 2, “Acquisition” for further details on the correction to the opening balance sheet.

The net impact of this error correction on our consolidated statement of income (loss) in fiscal 2025 and 2026 is immaterial. In fiscal 2025, $0.2 million of depreciation expense related to the written-off assets was recorded and reversed in fiscal 2026. The write-off necessitated an update to the goodwill valuation model used to assess impairment, resulting in an additional goodwill impairment of $0.3 million for the period ended January 31, 2025. The combined impact of these adjustments is a net charge of $0.1 million which has been recorded in fiscal 2026.

We assessed the materiality of these errors, using both quantitative and qualitative factors, in accordance with the SEC Staff Accounting Bulletin (“SAB”) No. 99 “Materiality” and SAB 108 “Considering the Effects of Prior Year Misstatements when

Quantifying Misstatements in Current Year Financial Statements” codified in ASC 250, “Accounting Changes and Error Corrections” and concluded these errors were immaterial to all of the previously issued consolidated financial statements. Under ASC 250, correcting prior‑year financial statements for such immaterial errors does not require previously filed reports to be amended. For comparative purposes, we have made a correction to the consolidated balance sheet and related footnotes for the prior period presented of Euro 1.8 million (approximately $1.8 million at January 31, 2025) in this Form 10-K as follows:

 

 

 

For the Year ended January 31, 2025

 

(In thousands)

 

As Previously Reported

 

 

Adjustments

 

 

As Revised

 

Property, Plant and Equipment

 

$

17,639

 

 

$

(1,846

)

 

$

15,793

 

Goodwill

 

$

14,515

 

 

$

1,846

 

 

$

16,361

 

Cash and Cash Equivalents

Cash and Cash Equivalents: Highly liquid investments with an original maturity of 90 days or less are considered to be cash equivalents. At January 31, 2026 and 2025, $2.6 million and $2.7 million, respectively, was held in foreign bank accounts.

Inventories

Inventories: Inventories are stated at the lower of standard and average cost or net realizable value and include material, labor and manufacturing overhead. Cost is determined using an average cost method that approximates the first-in, first-out (FIFO) method.

Property, Plant and Equipment

Property, Plant and Equipment: Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation is provided on a straight-line, half year convention over the estimated useful lives of the assets (land improvements—5 to 20 years; buildings and leasehold improvements—5 to 40 years; machinery and equipment—5 to 10 years; and computer equipment and software—3 to 10 years).

Revenue Recognition

Revenue Recognition: We recognize revenue in accordance with Accounting Standards Codification (“ASC”) 606 “Revenue from Contracts with Customers (“ASC 606”).” The core principle of ASC 606 is to recognize revenue when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. ASC 606 defines a five-step process to recognize revenue and requires judgment and estimates within the revenue recognition process, including identifying contracts with customers, identifying performance obligations in the contract, determining and estimating the amount of any variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation and recognizing revenue when the entity satisfies each performance obligation.

The vast majority of our revenue is generated from the sale of distinct products. Revenue is measured as the amount of consideration we expect to receive in exchange for such products, which is generally at the contractually stated prices, and is recognized when we satisfy a performance obligation by transferring control of a product to a customer. The transfer of control generally occurs at one point in time, upon shipment, when title and risk of loss pass to the customer. In our Product ID segment, we include tariffs charged to customers as revenue. Returns and customer credits are infrequent and are recorded as a reduction to revenue. Sales taxes and value added taxes collected concurrently with revenue generating activities are excluded from revenue.

Many of the contracts entered into with customers are commonly comprised of a combination of equipment, supplies, installation and/or training services. We determine performance obligations by assessing whether the products or services are distinct from other elements of the contract. In order to be distinct, the product must perform either on its own or with readily available resources and must be separate within the context of the contract.

Most of our hardware products contain embedded operating systems and data management software which is included in the purchase price of the equipment. The software is deemed incidental to the systems as a whole, as it is not sold or marketed separately, and its production costs are minor compared to those of the hardware system. Hardware and software elements are typically delivered at the same time and are accounted for as a single performance obligation for which revenue is recognized at the point in time when ownership is transferred to the customer.

Installation and training services vary based on certain factors such as the complexity of the equipment, staffing availability in a geographic location and customer preferences, and can range from a few days to a few months. The delivery of installation and training services are not assessed to determine whether they are separate performance obligations, as the amounts are not material to the contract.

Shipping and handling activities that occur after control over a product has transferred to a customer are accounted for as fulfillment activities rather than performance obligations, as allowed under a practical expedient provided by ASC 606. The shipping and handling fees charged to customers are recognized as revenue and the related costs are included in cost of revenue at the point in time when ownership of the product is transferred to the customer.

We may perform services at the request of the customer, generally for the repair and maintenance of products previously sold. These services are short in duration and total approximately 5.0% of revenue for each of the years ended January 31, 2026 and 2025. Revenue is recognized as services are rendered and accepted by the customer. We also provide service agreements on certain of our

Product ID equipment. Service agreements are purchased separately from the equipment and provide for the right to obtain service and maintenance on the equipment for a period of typically one to two years. Accordingly, revenue on these agreements is recognized over the term of the agreements. The portion of service agreement contracts that are uncompleted at the end of any reporting period is included in deferred revenue.

We generally provide warranties for our products. The standard warranty period is typically 12 months for most hardware products except for airborne printers, which typically have warranties that extend for 3-5 years, consistent with industry practice. Such assurance-type warranties are not deemed to be separate performance obligations from the hardware product and costs associated with providing the warranties are accrued in accordance with ASC 450, “Contingencies,” as we have the ability to ascertain the likelihood of the liability and can reasonably estimate the amount of the liability. Our estimate of costs to service the warranty obligations is based on historical experience and expectations of future conditions. To the extent that our experience in warranty claims or costs associated with servicing those claims differ from the original estimates, revisions to the estimated warranty liability are recorded at that time, with an offsetting adjustment to cost of revenue. On occasion, customers request a warranty period longer than our standard warranty. In those instances, in which extended warranty services are separately quoted to the customer, an additional performance obligation is created, and the associated revenue is deferred and recognized as service revenue ratably over the term of the extended warranty period. The portion of service contracts and extended warranty services agreements that are uncompleted at the end of any reporting period are included in deferred revenue.

We recognize and subsequently amortize an asset for the incremental direct costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year (refer to Note 3, “Revenue Recognition” for a discussion of Contract Costs). We apply the practical expedient to expense costs incurred for costs to obtain a contract when the amortization period would have been less than a year. These costs include sales commissions paid to the internal direct sales team as well as to third-party representatives and distributors. Contractual agreements with each of these parties outline commission structures and rates to be paid. In general, such contracts are all individual procurement decisions by the customers and do not include renewal provisions and, as such, the majority of the contracts have an economic life of significantly less than a year.

Accounts Receivable and Allowance for Doubtful Accounts

Accounts Receivable and Allowance for Doubtful Accounts: Standard payment terms are typically 30 days after shipment but vary by type and geographic location of our customer. Credit is extended based upon an evaluation of the customer’s financial condition. Our allowance for doubtful accounts represents our estimate of expected credit losses related to our trade receivables. We pool our trade receivables based on similar risk characteristics, such as the age of receivables. To estimate our allowance for doubtful accounts, we leverage information on historical losses, asset-specific risk characteristics, current conditions, and reasonable and supportable forecasts of future conditions. Account balances are written off against the allowance when we deem the amount is uncollectible. Accounts receivable are stated at their estimated net realizable value.

Business Combinations

Business Combinations: We account for business acquisitions under the acquisition method of accounting in accordance with ASC 805, ‘‘Business Combinations,’’ ASC 805 requires the purchase price of the acquisition to be allocated to the tangible and intangible assets acquired and liabilities assumed based on their fair value as of the acquisition date as determined by widely accepted valuation techniques in accordance with ASC 820, “Fair Value Measurement.” Any excess of the purchase price over the fair value of the net identified assets acquired and liabilities assumed will be recorded as goodwill. ASC 805 establishes a measurement period to provide companies with a reasonable amount of time to obtain the information necessary to identify and measure various items in a business combination and cannot extend beyond one year from the acquisition date. Accounting for business combinations requires us to make significant estimates and assumptions at the acquisition date relevant to the determination of the fair value of the tangible and intangible assets acquired and liabilities assumed. These estimates include, but are not limited to, expected future cash flows, discount rates, royalty rates, and other assumptions. Such estimates are inherently uncertain and may be subject to refinement. If the initial accounting for the business combination has not been completed by the end of the reporting period in which the business combination occurs, provisional amounts are reported to present information about facts and circumstances that existed as of the acquisition date. During the measurement period, which may be up to one year from the acquisition date, we may record adjustments to the fair value of the tangible and intangible assets acquired and liabilities assumed with the corresponding offset to goodwill, to the extent such information was not available to us at the acquisition date to determine such amounts. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to our consolidated statements of income.

Acquisition-related costs not considered part of the considerations are expensed as incurred and recorded in acquisition costs within the consolidated statement of income (loss). Changes in the fair value of contingent consideration arrangements that are not measurement period adjustments are recognized in earnings in the period of the change. The results of operations of the acquired entity, including revenues and earnings, are included in our financial statements from the closing date of the acquisition.

Research and Development Costs

Research and Development Costs: We charge research and development costs to expense in the period incurred, and these expenses are presented in the consolidated statement of income (loss). The following costs are included in research and development expense: salaries and benefits, external engineering service costs, engineering related information costs and supplies.

Foreign Currency Translation

Foreign Currency Translation: The financial statements of foreign subsidiaries and branches are measured using the local currency as the functional currency. Foreign currency-denominated assets and liabilities are translated into U.S. dollars at year-end exchange rates with the translation adjustment recorded as a component of accumulated comprehensive income (loss) in shareholders’ equity. Revenues and expenses are translated at the average monthly exchange rates in effect during the related period. We do not provide for U.S. income taxes on foreign currency translation adjustments associated with our subsidiaries in Germany, Denmark and China since their undistributed earnings are considered to be permanently invested. Included in our consolidated statements of income (loss) are net foreign transaction exchange gains (losses) of $(0.1) million, $0.3 million and $(0.1) million in fiscal 2026, 2025 and 2024, respectively.

Advertising

Advertising: We expense advertising costs as incurred. Advertising costs including advertising production, trade shows and other activities are designed to enhance demand for our products and amounted to $2.0 million in fiscal years 2026 and 2025 and $1.8 million, in fiscal year 2024.

Long-Lived Assets

Long-Lived Assets: Long-lived assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Determination of recoverability is based on an estimate of undiscounted future cash flows resulting from the use of the asset and its eventual disposition. If the projected undiscounted cash flows are less than the carrying value, then an impairment charge would be recorded for the excess of the carrying value over the fair value, as determined by the discounting of future cash flows. There were no impairment charges for our long-lived assets in fiscal years 2026 or 2025.

Intangible Assets

Intangible Assets: Intangible assets include the value of customer and distributor relationships, trademarks and existing technology acquired in connection with business and asset acquisitions and are stated at cost (fair value at acquisition) less accumulated amortization. These intangible assets have a definite life and are amortized over the assets’ useful lives using a systematic and rational basis which is representative of the assets’ use. Intangible assets with a definite life are tested for impairment whenever events or circumstances indicate that the carrying amount of an asset (asset group) may not be recoverable. If necessary, an impairment loss is recognized when the carrying amount of an asset exceeds the estimated undiscounted cash flows used in determining the fair value of the asset. The amount of the impairment loss recorded is calculated by the excess of the asset’s carrying value over its fair value. Fair value is generally determined using a discounted cash flow analysis. There were no impairment charges for our intangible assets in fiscal years 2026 or 2025.

Goodwill

Goodwill: Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired in a purchase business combination. Management evaluates the recoverability of goodwill annually or more frequently if events or changes in circumstances, such as declines in revenue, earnings or cash flows, or material adverse changes in the business climate indicate that the carrying value of an asset might be impaired. Goodwill is tested for impairment at the reporting unit level. A reporting unit is an operating segment, or a business unit one level below an operating segment if discrete financial information for that business is prepared and regularly reviewed by segment management. However, components within an operating segment are aggregated as a single reporting unit if they have similar economic characteristics. We determined that each of our operating segments Product ID and Aerospace represents a reporting unit for purposes of goodwill impairment testing.

The accounting guidance related to goodwill impairment testing allows for the performance of an optional qualitative assessment of whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. Factors that management considers in this qualitative assessment include macroeconomic conditions, industry and market considerations, overall financial performance (both current and projected), changes in management and strategy and changes in the composition or carrying amount of net assets. If this qualitative assessment indicates that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then a quantitative assessment is required for the reporting unit. Additionally, we can elect to forgo the qualitative assessment and perform the quantitative test.

The quantitative assessment compares the fair value of the reporting unit with its carrying value. If the quantitative assessment is performed, we estimate the fair value of our reporting units using a combination of both the income approach and a market approach. The income approach is based on a discounted cash flow model and provides a fair value estimate based upon the reporting unit’s expected long-term operating cash flow performance. The market approach compares the reporting unit to publicly traded companies and transactions involving similar businesses, and requires the use of many assumptions and estimates including future revenue, expenses, capital expenditures, and working capital, as well as discount factors and income tax rates. If the fair value of the reporting unit exceeds the carrying value of the net assets including goodwill assigned to that unit, goodwill is not impaired. If the carrying value of the reporting unit’s net assets including goodwill exceeds the fair value of the reporting unit, then we record an impairment charge based on that difference.

Leases

Leases: We account for our leases in accordance with ASC 842, “Leases” (“ASC 842”). ASC 842 requires a lessee to recognize assets and liabilities on the balance sheet for all leases, with the result being the recognition of a right of use (“ROU”) asset and a lease liability. The lease liability is equal to the present value of the minimum lease payments for the term of the lease, including any optional renewal periods determined to be reasonably certain to be exercised, using a discount rate determined at lease commencement. This discount rate is the rate implicit in the lease, if known; otherwise, the incremental borrowing rate for the expected lease term is used. Our incremental borrowing rate approximates the rate we would have to pay to borrow on a collateralized basis over a similar term at lease inception. The value of the ROU asset is equal to the initial measurement of the lease liability plus any lease payments made to the lessor at or before the commencement date and any unamortized initial direct costs incurred by the lessee, less any unamortized lease incentives received. Several of our lease contracts include options to extend the lease term and we include the renewal options for these leases in the determination of the ROU asset and lease liability when the likelihood of renewal is determined to be reasonably certain.

We enter into lease contracts for certain of our facilities at various locations worldwide. At inception of a contract, we determine whether the contract is or contains a lease. If we have a right to obtain substantially all of the economic benefits from the use of the identified asset and the right to direct the use of the asset, then the contract contains a lease.

There are two types of leases, operating leases and finance leases. Lease classification is determined at lease commencement. We have made an accounting policy election to apply the short-term exception, which does not require the capitalization of leases with terms of 12 months or less. All of our leases are classified as operating leases. Operating lease expense is recognized on a straight-line basis over the lease term and included in general and administrative expense on the consolidated statement of income. ROU assets are classified as such on the consolidated balance sheets, short-term lease liabilities are classified in accrued expenses, and long-term lease liabilities are classified as such in the consolidated balance sheets. In the statements of cash flow, payments for operating leases are included as operating activities.

In addition, several of our facility lease agreements include non-lease components for items such as common area maintenance and utilities which are accounted for separately from the lease component.

Income Taxes

Income Taxes: We use the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial reporting basis and tax basis of the assets and liabilities and are measured using statutory tax rates that will be in effect when the differences are expected to reverse. Our deferred taxes are presented as non-current in the accompanying consolidated balance sheets. An allowance against deferred tax assets is recognized when it is more-likely-than-not that some portion or all of the deferred tax assets will not be realized. At both January 31, 2026 and January 31, 2025, a valuation allowance was provided for deferred tax assets attributable to certain domestic R&D, foreign tax credit carryforwards, all of which are expected to expire unused. At January 31, 2026, we concluded that the valuation allowance on the net operating losses related to our China operations should be released based on sufficient positive evidence supporting the ability to utilize these tax attributes in future periods.

We account for uncertain tax positions in accordance with the guidance provided in ASC 740, “Accounting for Income Taxes.” This guidance describes a recognition threshold and measurement attribute for the financial statement disclosure of tax positions taken or expected to be taken in a tax return and requires recognition of tax benefits that satisfy a more-likely-than-not threshold. ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods and disclosure.

Net Income Per Common Share

Net Income Per Common Share: Basic net income per share is based on the weighted average number of shares outstanding during the period. Diluted net income per share is based on the basic weighted average number of shares and potential common equivalent shares for stock options, restricted stock awards and restricted stock units outstanding during the period using the treasury stock method. In fiscal years 2026, 2025 and 2024, there were 525,144; 173,380 and 295,370, respectively, of common equivalent shares that were not included in the computation of diluted net income per common share because their inclusion would be anti-dilutive.

Fair Value Measurement

Fair Value Measurement: We measure our assets and liabilities at fair value on a recurring and non-recurring basis in accordance with the guidance provided in ASC 820, “Fair Value Measurement and Disclosures,” which defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In addition, ASC 820 establishes a three-tiered hierarchy for inputs used in management’s determination of fair value of financial instruments that emphasizes the use of observable inputs over the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that reflect management’s belief about the assumptions market participants would use in pricing a financial instrument based on the best information available in the circumstances.

 

The fair value hierarchy is summarized as follows:

Level 1—Quoted prices in active markets for identical assets or liabilities;
Level 2—Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and
Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

Cash and cash equivalents, accounts receivable, accounts payable, accrued compensation, other accrued expenses and income tax payable are reflected in the consolidated balance sheet at carrying value, which approximates fair value due to the short-term nature of these instruments.

Self-Insurance

Self-Insurance: We are self-insured for U.S. medical and dental benefits for qualifying employees and maintain stop-loss coverage from a third party which limits our exposure to large claims. We record a liability associated with these benefits that includes an estimate of both claims filed and losses incurred but not yet reported based on historical claims experience. In estimating this accrual, we utilize an independent third-party broker to estimate a range of expected losses, which are based on analyses of historical data. Assumptions are closely monitored and adjusted when warranted by changing circumstances. Our liability for self-insured claims is included within accrued compensation in our consolidated balance sheets and was $0.4 million and $0.3 million at January 31, 2026 and 2025, respectively.

Share-Based Compensation

Share-Based Compensation: Compensation expense for time-based restricted stock units and stock-settled performance awards is measured at the grant date and recognized ratably over the vesting period. We determine the fair value of time-based and performance-based restricted stock units based on the closing market price of our common stock on the grant date. The fair value of stock-settled performance awards is equal to the fixed monetary reference amount granted to each individual. The recognition of compensation expense associated with performance-based restricted stock units and stock-settled performance awards requires judgment in assessing the probability of meeting the performance goals, as well as defined criteria for assessing achievement of the performance-related goals. For purposes of measuring compensation expense, the number of shares ultimately expected to vest is estimated at each reporting date based on management’s expectations regarding the relevant performance criteria. The performance awards begin vesting only upon the achievement of the performance criteria. The achievement of the performance goals can impact the valuation and associated expense of the restricted stock units. The assumptions used in accounting for the share-based payment awards represent management’s best estimates, but these estimates involve inherent uncertainties and the application of management judgment. As a result, if circumstances change and we use different assumptions, our stock-based compensation expense could be materially different in the future.

Share-based compensation becomes deductible for determining income taxes when the related award vests, is exercised, or is forfeited depending on the type of share-based award and subject to relevant tax law.

Derivative Financial Instruments

Derivative Financial Instruments: We occasionally use derivative instruments as part of our overall strategy to manage exposure to market risks primarily associated with fluctuations in foreign currency exchange rates and interest rates. Derivative instruments are recognized as either assets or liabilities in the balance sheet at fair value. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and, further, on the type of hedging relationship. For derivative instruments not designated as hedging instruments, the gain or loss is recognized in the statement of income (loss) during the current period. For those derivative instruments that are designated and qualify as hedging instruments, a company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge, or a hedge of a net investment in a foreign operation.

Cash Flow Hedges

For derivative instruments that are designated and qualify as a cash flow hedge, the gain or loss on the derivative instrument is reported as a component of other comprehensive income (loss) and reclassified into earnings in the same line item associated with the forecasted transaction, and in the same period or periods during which the hedged transaction affects earnings (e.g., in “Interest Expense” when the hedged transactions are interest cash flows associated with floating-rate debt, or “Other, Net” for portions reclassified relating to the remeasurement of the debt). The remaining gain or loss on the derivative instrument in excess of the cumulative change in the present value of future cash flows of the hedged item, if any, are recognized in the statement of income during the current period.

Net Investment Hedges

We formally assess a net investment hedge, both at inception and on a quarterly basis thereafter, as to whether the designated derivative or nonderivative instrument is highly effective as an economic hedge of foreign exchange risk associated with the hedged net investment. The change in the fair value of a derivative instrument or the change in the carrying value of a nonderivative instrument that is designated and highly effective as a net investment hedge is recorded in the cumulative translation adjustment

component of Accumulated Other Comprehensive Income (“AOCI”), offsetting the translation adjustment of the net investment being hedged.

If a net investment hedging relationship ceases to be highly effective, we discontinue hedge accounting, and any future change in the fair value of the derivative hedging instrument or future change in the carrying value of the nonderivative hedging instrument is recorded in the “other expenses” in the consolidated statement of income (loss), which is where the gain or loss on the sale or substantial liquidation of the underlying net investment would be recorded. However, any deferred gains or losses previously recorded in the cumulative translation adjustment component of AOCI will remain in AOCI until the hedged net investment is sold or substantially liquidated, at which time the cumulative deferred gains or losses are recorded in the “other expenses” line in the consolidated statement of income (loss).

Recent Accounting Pronouncements

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 presented. The adoption of ASU 2023-09 did not 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 2025-10, “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 statements.

In November 2024, the FASB issued ASU 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.” ASU 2024-03 enhances expense disclosures on both an annual and interim basis by requiring public entities to disclose additional information about specific expense categories in the notes to the consolidated financial statements. This ASU requires disclosure in tabular format of purchases of inventory, employee compensation, depreciation, intangible asset amortization and depletion, as applicable, for each income statement line item that contains those expenses. Specific expenses, gains and losses that are already disclosed under existing US GAAP are also required to be included in the disaggregated income statement expense line-item disclosures, and any remaining amounts will need to be described quantitatively. Additionally, ASU 2024-03 requires disclosure of the total amount of selling expenses and the entity’s definition of selling expenses. ASU 2024-03 is effective for the first annual disclosure period beginning after December 15, 2026 and for the interim periods subsequent to that, with early adoption permitted. The amendment should be applied prospectively; however, retrospective application is permitted. We are currently evaluating the new disclosure requirements of ASU 2024-04 and do not expect the adoption of this guidance to have a material impact on our consolidated financial statements or disclosures.

There were no other new accounting pronouncements, issued or effective during fiscal 2026, that have had or are expected to have a material impact on our consolidated financial statements.

v3.26.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jan. 31, 2026
Accounting Policies [Abstract]  
Schedule of Correction to the Consolidated Balance Sheet and Related Footnotes for the Prior Period For comparative purposes, we have made a correction to the consolidated balance sheet and related footnotes for the prior period presented of Euro 1.8 million (approximately $1.8 million at January 31, 2025) in this Form 10-K as follows:

 

 

 

For the Year ended January 31, 2025

 

(In thousands)

 

As Previously Reported

 

 

Adjustments

 

 

As Revised

 

Property, Plant and Equipment

 

$

17,639

 

 

$

(1,846

)

 

$

15,793

 

Goodwill

 

$

14,515

 

 

$

1,846

 

 

$

16,361

 

v3.26.1
Acquisition (Tables)
12 Months Ended
Jan. 31, 2026
Business Combination [Line Items]  
Schedule of Fair Value of the Consideration Transferred as of the Acquisition Closing Date

A summary of the fair value of the consideration transferred as of the acquisition closing date is presented in the table below:

(In thousands)

 

Preliminary Estimate

 

 

Measurement Period Adjustment

 

 

Final

 

Cash Paid at Closing

 

$

18,732

 

 

$

(1

)

 

$

18,731

 

Holdback Amount

 

 

742

 

 

 

 

 

 

742

 

Fair Value of the Earnout

 

 

1,619

 

 

 

(1,619

)

 

 

 

Total Purchase Price

 

$

21,093

 

 

$

(1,620

)

 

$

19,473

 

MTEX New Solutions, S.A. [Member]  
Business Combination [Line Items]  
Summary of Purchase Price of Acquisition Allocated on Basis of Fair Value The following table sets forth the final purchase price allocation of the MTEX acquisition for the fair value of the net assets acquired and liabilities assumed as of May 6, 2024:

 

(In thousands)

 

Preliminary Estimate

 

 

Measurement Period Adjustment

 

 

Adjustment*

 

 

Final

 

Cash

 

$

364

 

 

$

 

 

$

 

 

$

364

 

Accounts Receivable

 

 

3,989

 

 

 

(2,777

)

 

 

 

 

 

1,212

 

Inventory

 

 

3,807

 

 

 

(200

)

 

 

 

 

 

3,607

 

Prepaid Expenses and Other Current Assets

 

 

301

 

 

 

 

 

 

 

 

 

301

 

Property, Plant and Equipment

 

 

4,802

 

 

 

 

 

 

(1,928

)

 

 

2,874

 

Other Long-Term Assets

 

 

5,154

 

 

 

1,054

 

 

 

 

 

 

6,208

 

Identifiable Intangible Assets

 

 

9,556

 

 

 

(2,017

)

 

 

 

 

 

7,539

 

Goodwill

 

 

10,629

 

 

 

3,650

 

 

 

1,928

 

 

 

16,207

 

Accounts Payable and Other Current Liabilities

 

 

(4,225

)

 

 

(1,870

)

 

 

 

 

 

(6,095

)

Debt Assumed

 

 

(7,918

)

 

 

 

 

 

 

 

 

(7,918

)

Other Long-Term Liabilities

 

 

(5,366

)

 

 

540

 

 

 

 

 

 

(4,826

)

Total Purchase Price

 

$

21,093

 

 

$

(1,620

)

 

$

 

 

$

19,473

 

*Subsequent to the measurement period, during the third quarter of fiscal 2026, we identified an error related to the MTEX acquisition purchase price. We discovered that Euro 1.8 million (approximately $1.9 million as of the opening balance sheet date of May 6, 2024) for property, plant and equipment recorded at acquisition were either non-existent or obsolete at the acquisition date. Accordingly, the net book value of these assets was written off in the third quarter of fiscal 2026, with a corresponding increase to goodwill acquired in the acquisition. This error correction had no impact on net assets in the MTEX opening balance sheet and the correction is reflected in this table. Refer to Note 1, “Business and Basis of Presentation” under the section “Correction of Immaterial Error in Prior Period Financial Statements” for additional details.

Summary of Fair Value of the Acquired Identifiable Intangible Assets and Related Estimated Useful Lives

The following table reflects the preliminary fair value of the acquired identifiable intangible assets and related estimated useful lives:

 

(In thousands)

 

Preliminary Fair
Value

 

 

Measurement Period Adjustment

 

 

Final

 

 

Useful Life
(years)

 

Customer Relations

 

$

8,786

 

 

$

(6,183

)

 

$

2,603

 

 

 

10

 

Internally Developed Technology

 

 

488

 

 

 

4,231

 

 

 

4,719

 

 

 

6

 

Trademarks/Tradenames

 

 

282

 

 

 

(65

)

 

 

217

 

 

 

3

 

Total

 

$

9,556

 

 

$

(2,017

)

 

$

7,539

 

 

 

 

Summary of Revenue and Earnings Before Taxes

The amounts of revenue and earnings before taxes attributable to MTEX and included in our consolidated statements of income (loss) for the years ended January 31, 2026 and 2025 were as follows:

 

(In thousands)

 

January 31, 2026

 

 

January 31, 2025

 

Revenue

 

$

4,970

 

(1)

$

4,163

 

Gross Profit (Loss)

 

 

(1,524

)

 

 

511

 

Operating Expenses:

 

 

 

 

 

 

    Selling Expenses

 

 

2,515

 

 

 

2,485

 

    Research and Development Expenses

 

 

1,223

 

 

 

309

 

    General and Administrative Expenses

 

 

703

 

 

 

1,194

 

    Goodwill Impairment

 

 

297

 

 

 

13,403

 

       Total Operating Expenses

 

 

4,738

 

 

 

17,391

 

 Operating Income (Loss)

 

 

(6,262

)

 

 

(16,880

)

 Other Income (Expense)

 

 

5,321

 

 

 

(862

)

Earnings (Loss) before Taxes

 

$

(941

)

 

$

(17,742

)

(1) Includes $2,677,000 of MTEX revenue related to sales to third parties via intercompany sales at cost plus mark-up.

v3.26.1
Revenue Recognition (Tables)
12 Months Ended
Jan. 31, 2026
Revenue from Contract with Customer [Abstract]  
Summary of Revenues Disaggregated by Primary Geographic Markets and Major Product Type

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

 

 

v3.26.1
Intangible Assets and Goodwill (Tables)
12 Months Ended
Jan. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Fair Value of Acquired Identifiable Intangible Assets and Related Estimated Useful Lives

Intangible assets are as follows:

 

 

January 31, 2026

 

 

January 31, 2025

 

(In thousands)

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Currency
Translation
Adjustment

 

 

Net
Carrying
Amount

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Currency
Translation
Adjustment

 

 

Net
Carrying
Amount

 

RITEC:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Contract Relationships

 

$

2,830

 

 

$

(1,821

)

 

$

 

 

$

1,009

 

 

$

2,830

 

 

$

(1,755

)

 

$

 

 

$

1,075

 

TrojanLabel:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributor Relations

 

 

937

 

 

 

(874

)

 

 

39

 

 

 

102

 

 

 

937

 

 

 

(774

)

 

 

16

 

 

 

179

 

Honeywell:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Contract Relationships

 

 

27,773

 

 

 

(14,528

)

 

 

 

 

 

13,245

 

 

 

27,773

 

 

 

(13,661

)

 

 

 

 

 

14,112

 

Astro Machine:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Contract Relationships

 

 

3,060

 

 

 

(2,142

)

 

 

 

 

 

918

 

 

 

3,060

 

 

 

(1,530

)

 

 

 

 

 

1,530

 

Trademarks

 

 

420

 

 

 

(294

)

 

 

 

 

 

126

 

 

 

420

 

 

 

(210

)

 

 

 

 

 

210

 

MTEX:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer Contract Relationships

 

 

2,603

 

 

 

(468

)

 

 

211

 

 

 

2,346

 

 

 

2,603

 

 

 

(194

)

 

 

(104

)

 

 

2,305

 

Internally Developed Technology

 

 

4,719

 

 

 

(1,413

)

 

 

345

 

 

 

3,651

 

 

 

4,719

 

 

 

(586

)

 

 

(181

)

 

 

3,952

 

Trademarks

 

 

217

 

 

 

(130

)

 

 

12

 

 

 

99

 

 

 

217

 

 

 

(54

)

 

 

(7

)

 

 

156

 

Intangible Assets, net

 

$

42,559

 

 

$

(21,670

)

 

$

607

 

 

$

21,496

 

 

$

42,559

 

 

$

(18,764

)

 

$

(276

)

 

$

23,519

 

Summary of Estimated Amortization Expense

Estimated amortization expense for the next five fiscal years is as follows:

 

(In thousands)

 

2027

 

 

2028

 

 

2029

 

 

2030

 

 

2031

 

Estimated amortization expense

 

$

2,905

 

 

$

2,401

 

 

$

2,034

 

 

$

2,034

 

 

$

1,413

 

Schedule of Goodwill

Goodwill is as follows:

 

(In thousands)

 

Product ID

 

 

Aerospace

 

 

Total

 

Balance at January 31, 2024

 

$

10,111

 

 

$

4,522

 

 

$

14,633

 

Acquisition

 

 

14,250

 

 

 

 

 

 

14,250

 

Impairment

 

 

(13,403

)

 

 

 

 

 

(13,403

)

Adjustment to MTEX purchase price allocation - asset write off

 

 

1,846

 

 

 

 

 

 

1,846

 

Foreign Currency Translation

 

 

(965

)

 

 

 

 

 

(965

)

Balance at January 31, 2025

 

$

11,839

 

 

$

4,522

 

 

$

16,361

 

Acquisition - MTEX measurement period adjustment

 

 

34

 

 

 

 

 

 

34

 

Impairment

 

 

(297

)

 

 

 

 

 

(297

)

Foreign Currency Translation

 

 

1,278

 

 

 

 

 

 

1,278

 

Balance at January 31, 2026

 

$

12,854

 

 

$

4,522

 

 

$

17,376

 

 

v3.26.1
Inventories (Tables)
12 Months Ended
Jan. 31, 2026
Inventory Disclosure [Abstract]  
Components of Inventories

The components of inventories are as follows:

 

January 31,

 

(In thousands)

 

2026

 

 

2025

 

Materials and Supplies

 

$

29,929

 

 

$

35,181

 

Work-in-Progress

 

 

2,549

 

 

 

2,559

 

Finished Goods

 

 

19,493

 

 

 

19,879

 

 

 

51,971

 

 

 

57,619

 

Inventory Reserve

 

 

(8,719

)

 

 

(9,725

)

 

$

43,252

 

 

$

47,894

 

v3.26.1
Property, Plant and Equipment (Tables)
12 Months Ended
Jan. 31, 2026
Property, Plant and Equipment [Abstract]  
Summary of Property, Plant and Equipment

Property, plant and equipment consist of the following for the years ended January 31,:

 

(In thousands)

 

2026

 

 

2025*

 

 

Adjustment for PPE Write Off

 

 

As Previously Reported

 

Land and Land Improvements

 

$

2,324

 

 

$

2,304

 

 

$

-

 

 

$

2,304

 

Buildings and Leasehold Improvements

 

 

15,278

 

 

 

15,224

 

 

 

108

 

 

 

15,116

 

Machinery and Equipment

 

 

14,916

 

 

 

26,547

 

 

 

(3,856

)

 

 

30,403

 

Computer Equipment and Software

 

 

7,882

 

 

 

14,538

 

 

 

 

 

 

14,538

 

Gross Property, Plant and Equipment

 

 

40,400

 

 

 

58,613

 

 

 

(3,748

)

 

 

62,361

 

Accumulated Depreciation

 

 

(26,272

)

 

 

(42,820

)

 

 

1,902

 

 

 

(44,722

)

Net Property Plant and Equipment

 

$

14,128

 

 

$

15,793

 

 

$

(1,846

)

 

$

17,639

 

v3.26.1
Other Accrued Expenses (Tables)
12 Months Ended
Jan. 31, 2026
Payables and Accruals [Abstract]  
Summary of Other Accrued Expenses

Other accrued expenses consist of the following:

 

January 31,

 

(In thousands)

 

2026

 

 

2025

 

Accrued Property & Sales Tax

 

$

759

 

 

$

538

 

Professional Fees

 

 

738

 

 

 

253

 

Customer Deposits

 

 

682

 

 

 

786

 

Acquisition Escrow Holdback

 

 

676

 

 

 

710

 

Current Portion of Lease Liability

 

 

584

 

 

 

320

 

Warranty

 

 

573

 

 

 

548

 

Grant Performance Obligation - Short Term

 

 

245

 

 

 

212

 

Stockholder Relation Fees

 

 

70

 

 

 

63

 

Other Accrued Expenses

 

 

375

 

 

 

1,031

 

 

$

4,702

 

 

$

4,461

 

 

v3.26.1
Credit Agreement and Debt Facilities (Tables)
12 Months Ended
Jan. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Indebtedness in the Accompanying Consolidated Balance Sheets

Indebtedness in the accompanying consolidated balance sheets is as follows:

 

 

January 31,

 

(In thousands)

 

2026

 

 

2025

 

USD Term Loan (7.024% as of January 31, 2026); maturity date August 4, 2028

 

$

9,500

 

 

$

 

USD Term A-2 Loan (7.024% as of January 31, 2026); maturity date August 4, 2035

 

 

9,599

 

 

 

 

USD Term Loan (6.90% as of January 31, 2025); cancelled October 31, 2025

 

 

 

 

 

9,450

 

Euro Term Loan (5.38% as of January 31, 2025); cancelled October 31, 2025

 

 

 

 

 

12,719

 

MTEX Euro Term Loan (4.226% as of January 31, 2026 and 6.022% as of January 31, 2025); maturity date of December 21, 2033

 

 

1,567

 

 

 

1,514

 

MTEX Euro Government Grant Term Loan (0% as of January 31, 2026 and January 31, 2025); maturity dates through January 2027

 

 

243

 

 

 

876

 

Equipment Loan (7.06% Fixed Rate); maturity date of January 23, 2029

 

 

527

 

 

 

680

 

    Total Debt

 

$

21,436

 

 

$

25,239

 

    Less: Debt Issuance Costs, net of accumulated amortization

 

 

108

 

 

 

85

 

             Current Portion of Debt

 

 

3,033

 

 

 

6,110

 

Long-Term Debt

 

$

18,295

 

 

$

19,044

 

Schedule of Required Principal Payments Remaining on Long Term Debt Outstanding

The schedule of required principal payments remaining on our long-term debt outstanding as of January 31, 2026 is as follows:

 

(In thousands)

 

 

 

Fiscal 2027

 

$

3,032

 

Fiscal 2028

 

 

8,370

 

Fiscal 2029

 

 

860

 

Fiscal 2030

 

 

679

 

Fiscal 2031 and beyond

 

 

8,495

 

 

$

21,436

 

v3.26.1
Financial Instruments and Risk Management (Tables)
12 Months Ended
Jan. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Net Investment Hedges

(In thousands)

 

Amount of Foreign Currency Translation Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative

 

Financial Instruments Designated as Net Investment Hedge

 

January 31,
2026

 

 

January 31,
2025

 

     Euro-Denominated Debt

 

$

(603

)

 

$

(24

)

 

v3.26.1
Leases (Tables)
12 Months Ended
Jan. 31, 2026
Leases [Abstract]  
Schedule Of Balance Sheet And Other Information Related To Operating Leases

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 Liabilities—Current

 

Other Accrued Expenses

 

$

584

 

 

$

320

 

Lease Liabilities—Long Term

 

Lease Liabilities

 

$

1,953

 

 

$

1,535

 

Schedule Lease Cost Information

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

 

 

 

Schedule of Maturities Of Lease Liabilities

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

 

 

Supplemental Cash Flow Information Related To Leases

Supplemental cash flow information related to leases is as follows:

 

(In thousands)

 

2026

 

 

2025

 

Cash paid for operating lease liabilities

 

$

675

 

 

$

418

 

v3.26.1
Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
Jan. 31, 2026
Equity [Abstract]  
Changes in Balance of Accumulated Other Comprehensive Loss

The changes in the balance of accumulated other comprehensive loss by component are as follows:

 

(In thousands)

 

Foreign Currency
Translation
Adjustments

 

Balance at January 31, 2023

 

$

(2,238

)

Other Comprehensive Income (Loss)

 

 

19

 

Balance at January 31, 2024

 

$

(2,219

)

Other Comprehensive Income (Loss)

 

 

(1,130

)

Balance at January 31, 2025

 

$

(3,349

)

Other Comprehensive Income (Loss)

 

 

1,551

 

Balance at January 31, 2026

 

$

(1,798

)

 

v3.26.1
Share-Based Compensation (Tables)
12 Months Ended
Jan. 31, 2026
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-Based Compensation Expense

Share-based compensation expense has been recognized as follows:

 

 

Years Ended January 31,

 

(In thousands)

 

2026

 

 

2025

 

 

2024

 

Stock Options

 

$

159

 

 

$

 

 

$

 

Restricted Stock Awards and Restricted Stock Units

 

 

1,886

 

 

 

1,338

 

 

 

1,322

 

Stock-Settled Performance Awards

 

 

240

 

 

 

 

 

 

 

Employee Stock Purchase Plan

 

 

25

 

 

 

40

 

 

 

25

 

Total

 

$

2,310

 

 

$

1,378

 

 

$

1,347

 

Schedule of Fair Value Of Stock Options Granted

The fair value of stock options granted during the year ended January 31, 2026 was estimated using the following assumptions:

 

 

 

 

 

Risk Free Rate

 

 

 

4.2

%

Expected Volatility

 

 

 

45.7

%

Expected Life (in years)

 

 

 

7.6

 

Aggregated Information Regarding Stock Options Granted

Aggregated information regarding stock options granted under the plans is summarized below:

 

Number
of Shares

 

 

Weighted-
Average
Exercise
Price Per
Share

 

Options Outstanding, January 31, 2023

 

 

547,199

 

 

$

15.16

 

Options Granted

 

 

 

 

 

 

Options Exercised

 

 

(9,100

)

 

 

11.54

 

Options Forfeited

 

 

(10,525

)

 

 

15.20

 

Options Cancelled

 

 

(4,225

)

 

 

10.50

 

Options Outstanding, January 31, 2024

 

 

523,349

 

 

$

15.26

 

Options Granted

 

 

 

 

 

 

Options Exercised

 

 

(65,900

)

 

 

13.86

 

Options Forfeited

 

 

 

 

 

 

Options Cancelled

 

 

(35,750

)

 

 

14.69

 

Options Outstanding, January 31, 2025

 

 

421,699

 

 

$

15.52

 

Options Granted

 

 

30,000

 

 

 

11.10

 

Options Exercised

 

 

 

 

 

 

Options Forfeited

 

 

 

 

 

 

Options Cancelled

 

 

(132,650

)

 

 

14.40

 

Options Outstanding, January 31, 2026

 

 

319,049

 

 

$

15.52

 

Summary of Options Outstanding

Set forth below is a summary of options outstanding at January 31, 2026:

 

Outstanding

 

 

Exercisable

 

Range of
Exercise prices

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life

 

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Life

 

$10.01-15.00

 

 

127,974

 

 

$

12.92

 

 

 

2.7

 

 

 

127,974

 

 

$

12.92

 

 

 

2.7

 

$15.01-20.00

 

 

191,075

 

 

 

17.35

 

 

 

1.1

 

 

 

191,075

 

 

 

17.35

 

 

 

1.1

 

 

 

319,049

 

 

$

15.57

 

 

 

1.7

 

 

 

319,049

 

 

$

15.57

 

 

 

1.7

 

 

Aggregated Information Regarding RSUs and RSAs Granted

Aggregated information regarding RSUs, PSUs and RSAs granted under the Plan is summarized below:

 

 

RSUs, PSUs &
RSAs

 

 

Weighted-Average
Grant Date
Fair Value

 

Outstanding at January 31, 2023

 

 

274,927

 

 

$

12.82

 

Granted

 

 

157,643

 

 

 

12.64

 

Vested

 

 

(116,288

)

 

 

12.29

 

Forfeited

 

 

(15,577

)

 

 

13.37

 

Outstanding at January 31, 2024

 

 

300,705

 

 

$

12.90

 

Granted

 

 

96,040

 

 

 

16.93

 

Vested

 

 

(96,987

)

 

 

13.95

 

Forfeited

 

 

(45,981

)

 

 

12.64

 

Outstanding at January 31, 2025

 

 

253,777

 

 

$

14.07

 

Granted

 

 

518,076

 

 

 

10.32

 

Vested

 

 

(134,368

)

 

 

11.58

 

Forfeited

 

 

(145,953

)

 

 

12.76

 

Outstanding at January 31, 2026

 

 

491,532

 

 

$

11.19

 

 

v3.26.1
Income Taxes (Tables)
12 Months Ended
Jan. 31, 2026
Income Tax Disclosure [Abstract]  
Components of Income (Loss) before Income 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

 

 

Components of Provision for Income Taxes

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

 

 

Summary of Reconciliation of Income Taxes Calculated at Statutory Rate and Provision for Income Taxes

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

 

 

 

0.1

%

    United Kingdom

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

          Statutory rate difference between United Kingdom and United States

 

 

92

 

 

 

(3.6

)%

 

 

7

 

 

 

(0.1

)%

 

 

(54

)

 

 

(0.9

)%

          Other

 

 

(17

)

 

 

0.7

%

 

 

(3

)

 

 

 

 

 

(11

)

 

 

(0.2

)%

     Denmark

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

          Statutory rate difference between Denmark and United States

 

 

(119

)

 

 

4.7

%

 

 

278

 

 

 

(2.3

)%

 

 

107

 

 

 

1.8

%

          Return to Provision Adjustment

 

 

 

 

 

 

 

 

(105

)

 

 

0.9

%

 

 

(178

)

 

 

(2.9

)%

     China

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

         Changes in Valuation Allowances

 

 

(131

)

 

 

5.2

%

 

 

(42

)

 

 

0.3

%

 

 

73

 

 

 

1.2

%

         Other

 

 

13

 

 

 

(0.5

)%

 

 

7

 

 

 

(0.1

)%

 

 

(12

)

 

 

(0.2

)%

Portugal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

        Statutory rate difference between Portugal and United States

 

 

357

 

 

 

(14.1

)%

 

 

43

 

 

 

(0.4

)%

 

 

 

 

 

 

        Goodwill Impairment

 

 

62

 

 

 

(2.5

)%

 

 

2,815

 

 

 

(22.9

)%

 

 

 

 

 

 

        Portugal Tax Incentives - Valuation Allowance

 

 

 

 

 

 

 

 

2,373

 

 

 

(19.3

)%

 

 

 

 

 

 

        Other

 

 

15

 

 

 

(0.6

)%

 

 

 

 

 

 

 

 

 

 

 

 

Effect of Cross-Border Tax Laws

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

       Global Intangible Low Tax Income (GILTI)

 

 

160

 

 

 

(6.3

)%

 

 

 

 

 

 

 

 

 

 

 

 

       Section 250 Deduction - FDII

 

 

 

 

 

 

 

 

(151

)

 

 

1.2

%

 

 

(98

)

 

 

(1.6

)%

      Other

 

 

(27

)

 

 

1.1

%

 

 

(19

)

 

 

0.2

%

 

 

(47

)

 

 

(0.8

)%

Tax Credits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

      R&D Credits

 

 

(213

)

 

 

8.4

%

 

 

(205

)

 

 

1.7

%

 

 

(160

)

 

 

(2.6

)%

Changes in Valuation Allowances

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nontaxable or Nondeductible Items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Stock Compensation

 

 

79

 

 

 

(3.1

)%

 

 

(74

)

 

 

0.6

%

 

 

(43

)

 

 

(0.7

)%

     Fines and Penalties

 

 

34

 

 

 

(1.3

)%

 

 

10

 

 

 

(0.1

)%

 

 

13

 

 

 

0.2

%

     Other

 

 

50

 

 

 

(2.0

)%

 

 

178

 

 

 

(1.4

)%

 

 

(6

)

 

 

(0.1

)%

Changes in Unrecognized Tax Benefits

 

 

116

 

 

 

(4.6

)%

 

 

133

 

 

 

(1.1

)%

 

 

60

 

 

 

1.0

%

Return to Provision Adjustment

 

 

100

 

 

 

(4.0

)%

 

 

(262

)

 

 

2.1

%

 

 

106

 

 

 

1.7

%

Effect of Rates Different than Statutory

 

 

(206

)

 

 

8.1

%

 

 

(258

)

 

 

2.1

%

 

 

(17

)

 

 

(0.3

)%

Other Adjustments

 

 

2

 

 

 

(0.1

)%

 

 

(2

)

 

 

0.1

%

 

 

(1

)

 

 

 

Effective Tax Rate

 

$

(160

)

 

 

6.3

%

 

$

2,202

 

 

 

(17.9

)%

 

$

1,379

 

 

 

22.7

%

(1)
State taxes in Illinois contributed to the majority (greater than 50%) of the tax effect in this category.
Summary of Cash paid for Income Taxes, Net of Refunds

Cash paid for income taxes, net of refunds by jurisdiction is as follows:

 

(In thousands)

 

2026

 

 

2025

 

 

2024

 

U.S. Federal

 

$

300

 

 

$

1,490

 

 

$

951

 

U.S. State and Local

 

 

 

 

 

 

 

 

 

    Rhode Island

 

 

49

 

 

 

 

 

 

 

    California

 

 

37

 

 

 

 

 

 

 

    Illinois

 

 

 

 

 

 

 

 

135

 

    All other state and local jurisdictions

 

 

(41

)

 

 

168

 

 

 

216

 

Foreign:

 

 

 

 

 

 

 

 

 

     Germany

 

 

364

 

 

 

525

 

 

 

329

 

     Canada

 

 

(111

)

 

 

 

 

 

 

     All Other Foreign Jurisdictions

 

 

36

 

 

 

27

 

 

 

63

 

Total Cash Income Taxes Paid, Net of Refunds

 

$

634

 

 

$

2,210

 

 

$

1,694

 

Tax Effects of Temporary Differences that gave Rise to Significant Portions of Deferred Tax Assets and Liabilities

The components of deferred income tax expense arise from various temporary differences and relate to items included in the statement of income. The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and liabilities are as follows:

 

 

 

January 31,

 

(In thousands)

 

2026

 

 

2025

 

Deferred Tax Assets:

 

 

 

 

 

 

Honeywell Royalty Liability

 

$

4,821

 

 

$

4,280

 

R&D Expense Capitalization

 

 

3,667

 

 

 

2,894

 

Portugal Tax Incentives

 

 

2,373

 

 

 

2,373

 

Inventory

 

 

1,839

 

 

 

1,994

 

State R&D Credits

 

 

2,105

 

 

 

1,721

 

Net Operating Loss

 

 

1,049

 

 

 

886

 

Share-Based Compensation

 

 

593

 

 

 

575

 

Portugal Statutory Tax Adjustments

 

 

541

 

 

 

541

 

Compensation Accrual

 

 

250

 

 

 

285

 

Foreign Tax Credit

 

 

154

 

 

 

154

 

Bad Debt

 

 

93

 

 

 

115

 

Warranty Reserve

 

 

127

 

 

 

120

 

ASC 842 Adjustment – Lease Liability

 

 

218

 

 

 

87

 

Other

 

 

799

 

 

 

563

 

 

$

18,629

 

 

$

16,588

 

Deferred Tax Liabilities:

 

 

 

 

 

 

Accumulated Tax Depreciation in Excess of Book Depreciation

 

 

1,371

 

 

 

1,632

 

Intangibles

 

 

2,037

 

 

 

1,544

 

Purchase Price Accounting

 

 

270

 

 

 

270

 

Portugal Statutory Tax Adjustments

 

 

110

 

 

 

110

 

ASC 842 Adjustment – ROU Asset

 

 

215

 

 

 

87

 

Other

 

 

142

 

 

 

154

 

 

$

4,145

 

 

$

3,797

 

Subtotal

 

 

14,484

 

 

 

12,791

 

Valuation Allowance

 

 

(4,653

)

 

 

(4,400

)

Net Deferred Tax Assets

 

$

9,831

 

 

$

8,391

 

Deferred taxes are reflected in the consolidated balance sheet as follows:

 

 

 

January 31,

 

(In thousands)

 

2026

 

 

2025

 

Deferred Tax Assets

 

$

9,850

 

 

$

8,431

 

Deferred Tax Liabilities

 

 

(19

)

 

 

(40

)

Total Net Deferred Tax Assets

 

$

9,831

 

 

$

8,391

 

 

 

Changes in Balance of Unrecognized Tax Benefits, Excluding Interest and Penalties

The changes in the balances of unrecognized tax benefits, excluding interest and penalties are as follows:

 

(In thousands)

 

2026

 

 

2025

 

 

2024

 

Balance, beginning of the year

 

$

639

 

 

$

505

 

 

$

414

 

Increases in prior period tax positions

 

 

21

 

 

 

10

 

 

 

 

Increases in current period tax positions

 

 

135

 

 

 

143

 

 

 

162

 

Reductions related to lapse of statutes of limitations

 

 

(8

)

 

 

(19

)

 

 

(71

)

Balance, end of the year

 

$

787

 

 

$

639

 

 

$

505

 

v3.26.1
Segment Reporting and Geographical Information (Tables)
12 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Net Sales and Segment Operating Profit (Loss) for Each Reporting Segment

Summarized below are the Revenue and Segment Operating Profit (Loss) for each reporting segment for the years ended January 31:

 

($ in thousands)

 

2026

 

 

2025

 

 

2024

 

Revenue:

 

 

 

 

 

 

 

 

 

  Product ID

 

$

104,221

 

 

$

102,345

 

 

$

104,041

 

  Aerospace

 

 

46,294

 

 

 

48,938

 

 

 

44,045

 

     Total Revenue

 

$

150,515

 

 

$

151,283

 

 

$

148,086

 

 

 

 

 

 

 

 

 

 

 

Cost of Revenue:

 

 

 

 

 

 

 

 

 

  Product ID

 

$

74,383

 

 

$

69,775

 

 

$

70,436

 

  Aerospace

 

 

28,497

 

 

 

30,851

 

 

 

28,145

 

     Total Cost of Revenue

 

$

102,880

 

 

$

100,626

 

 

$

98,581

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

  Product ID(1)

 

$

30,310

 

 

$

44,429

 

 

$

28,280

 

  Aerospace(1)

 

 

8,034

 

 

 

9,000

 

 

 

7,660

 

     Total Operating Expenses

 

$

38,344

 

 

$

53,429

 

 

$

35,940

 

 

 

 

 

 

 

 

 

 

 

 Segment Operating Income (Loss):

 

 

 

 

 

 

 

 

 

  Product ID

 

$

(472

)

 

$

(11,859

)

 

$

5,325

 

  Aerospace

 

 

9,763

 

 

 

9,087

 

 

 

8,240

 

     Total Segment Operating Income

 

$

9,291

 

 

$

(2,772

)

 

$

13,565

 

 

 

 

 

 

 

 

 

 

 

   Corporate Expense (2)

 

 

(8,085

)

 

 

(5,868

)

 

 

(4,769

)

Operating Income (Loss)

 

$

1,206

 

 

$

(8,640

)

 

$

8,796

 

Other Income (Expense) (3)

 

 

(3,742

)

 

 

(3,647

)

 

 

(2,723

)

Income (Loss) Before Income Taxes

 

$

(2,536

)

 

$

(12,287

)

 

$

6,073

 

Income Tax Provision

 

 

(160

)

 

 

2,202

 

 

 

1,379

 

Net Income (Loss)

 

$

(2,376

)

 

$

(14,489

)

 

$

4,694

 

 

(1) Product ID and Aerospace segment operating expenses include Selling and Marketing, Research and Development, and Goodwill Impairment.

(2) Corporate Expenses consist of executive and finance compensation, professional fees as well as certain other costs not allocated to the reporting segments.

(3) Includes interest expense, gain/(loss) on foreign exchange and other miscellaneous income/(expense) not allocated to the reporting segments.

Summary of Revenue by Product Type

Revenue by product type for each reporting segment for the years ended January 31,:

 

($ in thousands)

2026*

 

 

2025

 

 

2024

 

  Product ID:

 

 

 

 

 

 

 

 

     Hardware

$

19,976

 

 

$

18,294

 

 

$

21,270

 

     Supplies

 

76,575

 

 

 

76,797

 

 

 

75,418

 

     Other*

 

7,670

 

 

 

7,254

 

 

 

7,353

 

        Total Product ID Revenue

 

104,221

 

 

 

102,345

 

 

 

104,041

 

  Aerospace:

 

 

 

 

 

 

 

 

     Hardware

 

26,673

 

 

 

26,338

 

 

 

28,170

 

     Supplies

 

4,277

 

 

 

4,626

 

 

 

3,834

 

     Other

 

15,344

 

 

 

17,974

 

 

 

12,041

 

        Total Aerospace Revenue

 

46,294

 

 

 

48,938

 

 

 

44,045

 

       Total Revenue

$

150,515

 

 

$

151,283

 

 

$

148,086

 

*Includes $1,020,000 of tariff revenue.

Summary of Other Information by Segment Other information by segment is presented below for the years ended January 31,:

 

 

 

Depreciation and Amortization

 

 

Capital Expenditures

 

 

(In thousands)

 

2026

 

 

2025

 

 

2024

 

 

2026

 

 

2025

 

 

2024

 

 

Product ID

 

$

3,322

 

 

$

3,279

 

 

$

2,378

 

 

$

259

 

 

$

1,066

 

 

$

1,687

 

*

Aerospace

 

 

1,464

 

 

 

1,482

 

 

 

1,873

 

 

 

73

 

 

 

99

 

 

 

10

 

 

Corporate

 

 

18

 

 

 

19

 

 

 

15

 

 

 

 

 

 

 

 

 

0

 

 

Total

 

$

4,804

 

 

$

4,780

 

 

$

4,266

 

 

$

332

 

 

$

1,165

 

 

$

1,697

 

 

*Includes financed equipment purchase of $822,000.

Summary of Selected Financial Information by Geographic Area

Presented below is selected financial information by geographic area for the years ended January 31,:

 

(In thousands)

 

2026*

 

 

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

 

$

150,515

 

 

$

151,283

 

 

$

148,086

 

 

*Includes $1,020,000 of tariff revenue.

v3.26.1
Product Warranty Liability (Tables)
12 Months Ended
Jan. 31, 2026
Guarantees and Product Warranties [Abstract]  
Activity in Product Warranty Liability

 

(In thousands)

 

2026

 

 

2025

 

 

2024

 

Balance, beginning of the year

 

$

548

 

 

$

711

 

 

$

1,072

 

Provision for Warranty Expense

 

 

1,475

 

 

 

751

 

 

 

1,181

 

Cost of Warranty Repairs

 

 

(1,450

)

 

 

(914

)

 

 

(1,542

)

Balance, end of the year

 

$

573

 

 

$

548

 

 

$

711

 

v3.26.1
Restructuring (Tables)
12 Months Ended
Jan. 31, 2026
Restructuring and Related Activities [Abstract]  
Summary of Restructuring Costs

The following table summarizes restructuring costs included in the accompanying condensed consolidated statement of income (loss) for the year ended January 31, 2026:

 

(In thousands)

 

 

 

Cost of Revenue

 

$

367

 

Operating Expenses:

 

 

 

Selling & Marketing

 

 

238

 

General & Administrative

 

 

752

 

Total

 

$

1,357

 

Summary of Restructuring Cost and Liabilities by Type 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

 

v3.26.1
Fair Value Measurements (Tables)
12 Months Ended
Jan. 31, 2026
Fair Value Disclosures [Abstract]  
Summary of Changes in Fair value of Level 3 Financial Liability

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

 

 

v3.26.1
Summary of Significant Accounting Policies - Additional Information (Detail)
$ in Thousands, € in Millions
12 Months Ended
Jan. 31, 2026
USD ($)
Segment
shares
Jan. 31, 2025
USD ($)
shares
Jan. 31, 2024
USD ($)
shares
Oct. 31, 2025
EUR (€)
Jan. 31, 2025
EUR (€)
May 06, 2024
EUR (€)
Summary Of Significant Accounting Policies [Line Items]            
Number of Operating Segments | Segment 2          
Change reduced gross profit   $ 2,100 $ 2,100      
Book value of property plant and equipment | €       € 1.8   € 1.9
Depreciation expense $ 1,800 2,100 1,800      
Adjustments of net charge 100          
Property, Plant and Equipment, net 14,128 15,793        
Goodwill $ 17,376 16,361 14,633      
Error corrections and prior period adjustments, description “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements” codified in ASC 250, “Accounting Changes and Error Corrections” and concluded these errors were immaterial to all of the previously issued consolidated financial statements.          
Error Correction, Previously Immaterial [true false] true          
Highly liquid investments with an original maturity 90          
Cash of held in foreign bank accounts $ 2,600 2,700        
Net foreign transaction exchange gains (loss) (146) 335 (83)      
Advertising expense 2,000 2,000 $ 1,800      
Impairment of Long lived assets held for use 0 0        
Impairment charges for intangible assets 0 0        
Goodwill impairment charges $ 297 $ 13,403        
Number of common equivalent shares | shares 525,144 173,380 295,370      
Liability for self-insured claims $ 400 $ 300        
Adjustments            
Summary Of Significant Accounting Policies [Line Items]            
Depreciation expense 200          
Property, Plant and Equipment, net   (1,800)     € (1.8)  
Goodwill   1,846     € 1.8  
Goodwill impairment charges   300        
Foreign Exchange [Member]            
Summary Of Significant Accounting Policies [Line Items]            
Net foreign transaction exchange gains (loss) $ (100) $ 300 $ (100)      
Maximum [Member] | Customer Concentration Risk [Member] | Sales Revenue, Net [Member]            
Summary Of Significant Accounting Policies [Line Items]            
Percentage of revenue satisfied for services 5.00% 5.00%     5.00%  
Maximum [Member] | Airborne Product [Member]            
Summary Of Significant Accounting Policies [Line Items]            
Products warranty period 5 years          
Minimum [Member] | Airborne Product [Member]            
Summary Of Significant Accounting Policies [Line Items]            
Products warranty period 3 years          
Land Improvements [Member] | Maximum [Member]            
Summary Of Significant Accounting Policies [Line Items]            
Estimated useful lives of the assets 20 years          
Land Improvements [Member] | Minimum [Member]            
Summary Of Significant Accounting Policies [Line Items]            
Estimated useful lives of the assets 5 years          
Building And Leasehold Improvements [Member] | Maximum [Member]            
Summary Of Significant Accounting Policies [Line Items]            
Estimated useful lives of the assets 40 years          
Building And Leasehold Improvements [Member] | Minimum [Member]            
Summary Of Significant Accounting Policies [Line Items]            
Estimated useful lives of the assets 5 years          
Machinery and Equipment [Member] | Maximum [Member]            
Summary Of Significant Accounting Policies [Line Items]            
Estimated useful lives of the assets 10 years          
Machinery and Equipment [Member] | Minimum [Member]            
Summary Of Significant Accounting Policies [Line Items]            
Estimated useful lives of the assets 5 years          
Computer Equipment And Software [Member] | Maximum [Member]            
Summary Of Significant Accounting Policies [Line Items]            
Estimated useful lives of the assets 10 years          
Computer Equipment And Software [Member] | Minimum [Member]            
Summary Of Significant Accounting Policies [Line Items]            
Estimated useful lives of the assets 3 years          
ASU 2023-09 [Member]            
Summary Of Significant Accounting Policies [Line Items]            
Change in Accounting Principle, Accounting Standards Update, Adopted true          
Change in Accounting Principle, Accounting Standards Update, Adoption Date Jan. 31, 2026          
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect true          
v3.26.1
Summary of Significant Accounting Policies - Schedule of Error Corrections to the Balance Sheet and Related Footnotes for the Prior Period (Details)
$ in Thousands, € in Millions
Jan. 31, 2026
USD ($)
Jan. 31, 2025
USD ($)
Jan. 31, 2025
EUR (€)
Jan. 31, 2024
USD ($)
Summary Of Significant Accounting Policies [Line Items]        
Property, Plant and Equipment, net $ 14,128 $ 15,793    
Goodwill $ 17,376 16,361   $ 14,633
As Previously Reported        
Summary Of Significant Accounting Policies [Line Items]        
Property, Plant and Equipment, net   17,639    
Goodwill   14,515    
Adjustments        
Summary Of Significant Accounting Policies [Line Items]        
Property, Plant and Equipment, net   (1,800) € (1.8)  
Goodwill   $ 1,846 € 1.8  
v3.26.1
Acquisition - Additional Information (Detail) - USD ($)
12 Months Ended
May 06, 2024
May 04, 2024
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Business Acquisition [Line Items]          
Procedes fro Sale of Equipment       $ 19,109,000  
Goodwill     $ 17,376,000 16,361,000 $ 14,633,000
Goodwill impairment charges     297,000 13,403,000  
Product ID [Member]          
Business Acquisition [Line Items]          
Goodwill     12,854,000 11,839,000 $ 10,111,000
Goodwill impairment charges     297,000 13,403,000  
MTEX New Solutions, S.A. [Member]          
Business Acquisition [Line Items]          
Purchase price of acquisition $ 18,731,000        
Date of acquisition agreement   May 04, 2024      
Closing date of acquisition May 06, 2024        
Potential earn-out payments $ 0        
Payments to Acquire Businesses, Gross 100.00%        
Goodwill     16,200,000    
MTEX New Solutions, S.A. [Member] | Product ID [Member]          
Business Acquisition [Line Items]          
Goodwill impairment charges     300,000 13,400,000  
MTEX New Solutions, S.A. [Member] | General and Administrative Expense [Member]          
Business Acquisition [Line Items]          
Business Combination, Acquisition Related Costs     $ 1,500,000 $ 1,200,000  
v3.26.1
Acquisition - Schedule of Fair Value of the Consideration Transferred as of the Acquisition Closing Date (Details) - MTEX New Solutions, S.A. [Member]
$ in Thousands
May 06, 2024
USD ($)
Business Acquisition [Line Items]  
Cash Paid at Closing $ 18,731
Holdback Amount 742
Total Purcahse Price 19,473
Preliminary Estimate [Member]  
Business Acquisition [Line Items]  
Cash Paid at Closing 18,732
Holdback Amount 742
Fair Value of the Earnout 1,619
Total Purcahse Price 21,093
Measurement Period Adjustment [Member[  
Business Acquisition [Line Items]  
Cash Paid at Closing (1)
Fair Value of the Earnout (1,619)
Total Purcahse Price $ (1,620)
v3.26.1
Acquisition - Summary of Purchase Price of Acquisition Allocated on Basis of Fair Value (Detail) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
May 06, 2024
Jan. 31, 2024
Business Acquisition [Line Items]        
Goodwill $ 17,376 $ 16,361   $ 14,633
MTEX New Solutions, S.A. [Member]        
Business Acquisition [Line Items]        
Goodwill $ 16,200      
MTEX New Solutions, S.A. [Member] | Preliminary Estimate [Member]        
Business Acquisition [Line Items]        
Cash     $ 364  
Accounts Receivable     3,989  
Inventory     3,807  
Prepaid Expenses and Other Current Assets     301  
Property, Plant and Equipment     4,802  
Other Long-Term Assets     5,154  
Identifiable Intangible Assets     9,556  
Goodwill     10,629  
Accounts Payable and Other Current Liabilities     (4,225)  
Debt Assumed     (7,918)  
Other Long-Term Liabilities     (5,366)  
Total Purchase Price     21,093  
MTEX New Solutions, S.A. [Member] | Measurement Period Adjustment [Member[        
Business Acquisition [Line Items]        
Accounts Receivable     (2,777)  
Inventory     (200)  
Other Long-Term Assets     1,054  
Identifiable Intangible Assets     (2,017)  
Goodwill     3,650  
Accounts Payable and Other Current Liabilities     (1,870)  
Other Long-Term Liabilities     540  
Total Purchase Price     (1,620)  
MTEX New Solutions, S.A. [Member] | Adjustment [Member[        
Business Acquisition [Line Items]        
Property, Plant and Equipment     (1,928)  
Goodwill     1,928  
MTEX New Solutions, S.A. [Member] | Final [Member]        
Business Acquisition [Line Items]        
Cash     364  
Accounts Receivable     1,212  
Inventory     3,607  
Prepaid Expenses and Other Current Assets     301  
Property, Plant and Equipment     2,874  
Other Long-Term Assets     6,208  
Identifiable Intangible Assets     7,539  
Goodwill     16,207  
Accounts Payable and Other Current Liabilities     (6,095)  
Debt Assumed     (7,918)  
Other Long-Term Liabilities     (4,826)  
Total Purchase Price     $ 19,473  
v3.26.1
Acquisition - Summary of Purchase Price of Acquisition Allocated on Basis of Fair Value (Parenthetical) (Detail)
€ in Millions, $ in Millions
Oct. 31, 2025
EUR (€)
May 06, 2024
USD ($)
MTEX New Solutions, S.A. [Member]    
Business Combination [Line Items]    
Assets recorded at acquisition € 1.8 $ 1.9
v3.26.1
Acquisition - Summary of Fair Value of the Acquired Identifiable Intangible Assets and Related Estimated Useful Lives (Detail) - MTEX New Solutions, S.A. [Member]
$ in Thousands
May 06, 2024
USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]  
Preliminary Fair Value $ 9,556
Measurement Period Adjustment (2,017)
Revised Estimate 7,539
Customer Relationships [Member]  
Acquired Finite-Lived Intangible Assets [Line Items]  
Preliminary Fair Value 8,786
Measurement Period Adjustment (6,183)
Revised Estimate $ 2,603
Useful Life (Years) 10 years
Internally Developed Software [Member]  
Acquired Finite-Lived Intangible Assets [Line Items]  
Preliminary Fair Value $ 488
Measurement Period Adjustment 4,231
Revised Estimate $ 4,719
Useful Life (Years) 6 years
Trademarks and Trade Names [Member]  
Acquired Finite-Lived Intangible Assets [Line Items]  
Preliminary Fair Value $ 282
Measurement Period Adjustment (65)
Revised Estimate $ 217
Useful Life (Years) 3 years
v3.26.1
Acquisition - Summary of Revenue and Earnings Before Taxes (Detail) - MTEX New Solutions, S.A. [Member] - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Business Acquisition Pro Forma Information [Line Items]    
Revenue $ 4,970 $ 4,163
Gross Profit (Loss) (1,524) 511
Operating Expenses:    
Selling Expenses 2,515 2,485
Research and Development Expenses 1,223 309
General and Administrative Expenses 703 1,194
Goodwill Impairment 297 13,403
Total Operating Expenses 4,738 17,391
Operating Income (Loss) (6,262) (16,880)
Other Income (Expense) 5,321 (862)
Earnings (Loss) before Taxes $ (941) $ (17,742)
v3.26.1
Acquisition - Summary of Revenue and Earnings Before Taxes (Parenthetical) (Detail) - MTEX New Solutions, S.A. [Member] - USD ($)
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Business Acquisition Pro Forma Information [Line Items]    
Sales $ 4,970,000 $ 4,163,000
Intercompany Sales [Member]    
Business Acquisition Pro Forma Information [Line Items]    
Sales $ 2,677,000  
v3.26.1
Revenue Recognition - Summary of Revenues Disaggregated by Primary Geographic Markets (Detail) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Disaggregation of Revenue [Line Items]      
Total Revenue $ 150,515 [1],[2] $ 151,283 $ 148,086
United States [Member]      
Disaggregation of Revenue [Line Items]      
Total Revenue 90,720 [2] 89,466 84,757
Europe [Member]      
Disaggregation of Revenue [Line Items]      
Total Revenue 39,711 [2] 39,121 41,761
Canada [Member]      
Disaggregation of Revenue [Line Items]      
Total Revenue 6,996 [2] 8,210 8,742
Asia [Member]      
Disaggregation of Revenue [Line Items]      
Total Revenue 7,075 [2] 8,018 7,216
Central and South America [Member]      
Disaggregation of Revenue [Line Items]      
Total Revenue 4,748 [2] 4,967 4,221
Other [Member]      
Disaggregation of Revenue [Line Items]      
Total Revenue $ 1,265 $ 1,501 $ 1,389
[1] Includes $1,020,000 of tariff revenue.
[2] Includes $1,020,000 of tariff revenue.
v3.26.1
Revenue Recognition - Summary of Revenues Disaggregated by Primary Geographic Markets (Parenthetical) (Details) - USD ($)
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Disaggregation of Revenue [Line Items]      
Revenue $ 150,515,000 [1],[2] $ 151,283,000 $ 148,086,000
Tariff Revenue [Member]      
Disaggregation of Revenue [Line Items]      
Revenue $ 1,020,000    
[1] Includes $1,020,000 of tariff revenue.
[2] Includes $1,020,000 of tariff revenue.
v3.26.1
Revenue Recognition - Summary of Revenues Disaggregated by Primary Product Type (Detail) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Disaggregation of Revenue [Line Items]      
Total Revenue $ 150,515 [1],[2] $ 151,283 $ 148,086
Hardware [Member]      
Disaggregation of Revenue [Line Items]      
Total Revenue 46,649 44,632 49,440
Supplies [Member]      
Disaggregation of Revenue [Line Items]      
Total Revenue 80,852 81,423 79,252
Service and Other [Member]      
Disaggregation of Revenue [Line Items]      
Total Revenue $ 23,014 $ 25,228 $ 19,394
[1] Includes $1,020,000 of tariff revenue.
[2] Includes $1,020,000 of tariff revenue.
v3.26.1
Revenue Recognition - Summary of Revenues Disaggregated by Primary Product Type (Parenthetical) (Details) - USD ($)
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Disaggregation of Revenue [Line Items]      
Revenue $ 150,515,000 [1],[2] $ 151,283,000 $ 148,086,000
Tariff Revenue [Member]      
Disaggregation of Revenue [Line Items]      
Revenue $ 1,020,000    
[1] Includes $1,020,000 of tariff revenue.
[2] Includes $1,020,000 of tariff revenue.
v3.26.1
Revenue Recognition - Additional Information (Detail) - USD ($)
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Disaggregation of Revenue [Line Items]      
Contract liabilities and extended warranties $ 489,000 $ 543,000  
Revenue recognized $ 522,000    
Capitalized contract costs amounts incurred amortization period 15 years    
Amortization of incremental direct costs $ 93,000 88,000 $ 75,000
Deferred incremental direct costs net of accumulated amortization balance 1,400,000    
Deferred incremental direct contract costs reported in other current assets 100,000    
Revenue 150,515,000 [1],[2] 151,283,000 148,086,000
Deferred Revenue 489,000 543,000  
Revenue recognized 1,100,000    
Aerospace Customer [Member]      
Disaggregation of Revenue [Line Items]      
Revenue   $ 800,000 $ 1,300,000
Deferred incremental direct contract costs reported in other assets 1,300,000    
Advance payment of contractual unit selling price $ 1,100,000    
Percentage of contractual unit selling price 50.00%    
Deferred Revenue $ 0    
[1] Includes $1,020,000 of tariff revenue.
[2] Includes $1,020,000 of tariff revenue.
v3.26.1
Intangible Assets and Goodwill - Additional Information (Detail)
€ in Millions
12 Months Ended
Jan. 31, 2026
USD ($)
Jan. 31, 2025
USD ($)
Jan. 31, 2024
USD ($)
Jan. 31, 2026
EUR (€)
Oct. 31, 2025
EUR (€)
May 06, 2024
USD ($)
May 06, 2024
EUR (€)
Restructuring Cost and Reserve [Line Items]              
Impairments of intangible assets $ 0 $ 0          
Amortization expense 2,900,000 2,600,000 $ 2,400,000        
Book value of property plant and equipment | €         € 1.8   € 1.9
Goodwill impairment charges 297,000 13,403,000          
Product ID [Member]              
Restructuring Cost and Reserve [Line Items]              
Goodwill impairment charges 297,000 13,403,000          
Aerospace [Member]              
Restructuring Cost and Reserve [Line Items]              
Goodwill impairment charges   0          
MTEX [Member]              
Restructuring Cost and Reserve [Line Items]              
Book value of property plant and equipment 2,100,000     € 1.8      
Assets recorded at acquisition         € 1.8 $ 1,900,000  
MTEX [Member] | Product ID [Member]              
Restructuring Cost and Reserve [Line Items]              
Goodwill impairment charges $ 300,000 $ 13,400,000          
v3.26.1
Intangible Assets and Goodwill - Fair Value of Acquired Identifiable Intangible Assets and Related Estimated Useful Lives (Detail) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount $ 42,559 $ 42,559
Accumulated Amortization (21,670) (18,764)
Currency Translation Adjustment 607 (276)
Net Carrying Amount 21,496 23,519
Customer Contract Relationships [Member] | Honeywell Asset Purchase and License Agreement [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 27,773 27,773
Accumulated Amortization (14,528) (13,661)
Net Carrying Amount 13,245 14,112
Customer Contract Relationships [Member] | RITEC [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 2,830 2,830
Accumulated Amortization (1,821) (1,755)
Net Carrying Amount 1,009 1,075
Customer Contract Relationships [Member] | Agreement With Astro Machine For Asset Acquisitions [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 3,060 3,060
Accumulated Amortization (2,142) (1,530)
Net Carrying Amount 918 1,530
Customer Contract Relationships [Member] | MTEX New Solutions, S.A. [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 2,603 2,603
Accumulated Amortization (468) (194)
Currency Translation Adjustment 211 (104)
Net Carrying Amount 2,346 2,305
Distributor Relations [Member] | TrojanLabel [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 937 937
Accumulated Amortization (874) (774)
Currency Translation Adjustment 39 16
Net Carrying Amount 102 179
Internally Developed Technology [Member] | MTEX New Solutions, S.A. [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 4,719 4,719
Accumulated Amortization (1,413) (586)
Currency Translation Adjustment 345 (181)
Net Carrying Amount 3,651 3,952
Trademarks [Member] | Agreement With Astro Machine For Asset Acquisitions [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 420 420
Accumulated Amortization (294) (210)
Net Carrying Amount 126 210
Trademarks [Member] | MTEX New Solutions, S.A. [Member]    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 217 217
Accumulated Amortization (130) (54)
Currency Translation Adjustment 12 (7)
Net Carrying Amount $ 99 $ 156
v3.26.1
Intangible Assets and Goodwill - Summary of Estimated Amortization Expense (Detail)
$ in Thousands
Jan. 31, 2026
USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]  
2027 $ 2,905
2028 2,401
2029 2,034
2030 2,034
2031 $ 1,413
v3.26.1
Intangible Assets and Goodwill - Schedule of Goodwill (Details) - USD ($)
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Goodwill [Line Items]    
Balance $ 16,361,000 $ 14,633,000
Acquisition   14,250,000
Impairment (297,000) (13,403,000)
Foreign Currency Translation 1,278,000 (965,000)
Balance 17,376,000 16,361,000
Product ID [Member]    
Goodwill [Line Items]    
Balance 11,839,000 10,111,000
Acquisition   14,250,000
Impairment (297,000) (13,403,000)
Foreign Currency Translation 1,278,000 (965,000)
Balance 12,854,000 11,839,000
Aerospace [Member]    
Goodwill [Line Items]    
Balance 4,522,000 4,522,000
Impairment   0
Balance 4,522,000 4,522,000
MTEX [Member]    
Goodwill [Line Items]    
Acquisition - MTEX measurement period adjustment 34,000  
Adjustment to MTEX purchase price allocation - asset write off   1,846,000
Balance 16,200,000  
MTEX [Member] | Product ID [Member]    
Goodwill [Line Items]    
Acquisition - MTEX measurement period adjustment 34,000  
Impairment $ (300,000) (13,400,000)
Adjustment to MTEX purchase price allocation - asset write off   $ 1,846,000
v3.26.1
Inventories - Components of Inventories (Detail) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Inventory Disclosure [Abstract]    
Materials and Supplies $ 29,929 $ 35,181
Work-in-Progress 2,549 2,559
Finished Goods 19,493 19,879
Inventory, Gross 51,971 57,619
Inventory Reserve (8,719) (9,725)
Inventories $ 43,252 $ 47,894
v3.26.1
Property, Plant and Equipment - Summary of Property, Plant and Equipment (Detail)
$ in Thousands, € in Millions
Jan. 31, 2026
USD ($)
Jan. 31, 2025
USD ($)
Jan. 31, 2025
EUR (€)
Property, Plant and Equipment [Line Items]      
Land and Land Improvements $ 2,324 $ 2,304  
Buildings and Leasehold Improvements 15,278 15,224  
Machinery and Equipment 14,916 26,547  
Computer Equipment and Software 7,882 14,538  
Gross Property, Plant and Equipment 40,400 58,613  
Accumulated Depreciation (26,272) (42,820)  
Net Property Plant and Equipment $ 14,128 15,793  
Adjustments      
Property, Plant and Equipment [Line Items]      
Buildings and Leasehold Improvements   108  
Machinery and Equipment   (3,856)  
Gross Property, Plant and Equipment   (3,748)  
Accumulated Depreciation   1,902  
Net Property Plant and Equipment   (1,800) € (1.8)
As Previously Reported      
Property, Plant and Equipment [Line Items]      
Land and Land Improvements   2,304  
Buildings and Leasehold Improvements   15,116  
Machinery and Equipment   30,403  
Computer Equipment and Software   14,538  
Gross Property, Plant and Equipment   62,361  
Accumulated Depreciation   (44,722)  
Net Property Plant and Equipment   $ 17,639  
v3.26.1
Property, Plant and Equipment - Additional Information (Detail)
$ in Thousands, € in Millions
3 Months Ended 12 Months Ended
Jan. 31, 2026
USD ($)
Jan. 31, 2026
USD ($)
Jan. 31, 2025
USD ($)
Jan. 31, 2024
USD ($)
Jan. 31, 2025
EUR (€)
Property, Plant and Equipment [Line Items]          
Accumulated depreciation on property, plant and equipment $ (20,800)        
Depreciation expense on property, plant and equipment   $ 1,800 $ 2,100 $ 1,800  
Property, Plant and Equipment, net $ 14,128 14,128 15,793    
Adjustments          
Property, Plant and Equipment [Line Items]          
Depreciation expense on property, plant and equipment   $ 200      
Property, Plant and Equipment, net     $ (1,800)   € (1.8)
v3.26.1
Other Accrued Expenses - Summary of Other Accrued Expenses (Detail) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Payables and Accruals [Abstract]        
Accrued Property & Sales Tax $ 759 $ 538    
Professional Fees 738 253    
Customer Deposits 682 786    
Acquisition Escrow Holdback 676 710    
Current Portion of Lease Liability 584 320    
Warranty 573 548 $ 711 $ 1,072
Grant Performance Obligation - Short Term 245 212    
Stockholder Relation Fees 70 63    
Other Accrued Expenses 375 1,031    
Total $ 4,702 $ 4,461    
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] Total Total    
v3.26.1
Credit Agreement and Debt Facilities - Additional Information (Detail)
1 Months Ended 12 Months Ended 30 Months Ended 117 Months Ended
May 06, 2024
USD ($)
May 06, 2024
EUR (€)
Jan. 31, 2024
USD ($)
Jan. 31, 2026
USD ($)
Jan. 31, 2025
USD ($)
Jan. 31, 2024
USD ($)
Jul. 31, 2028
USD ($)
Jul. 31, 2035
USD ($)
Aug. 01, 2026
USD ($)
Jan. 31, 2026
EUR (€)
Oct. 31, 2025
USD ($)
May 06, 2024
EUR (€)
Debt Instrument [Line Items]                        
Interest Expense, Debt       $ 1,500,000 $ 1,600,000 $ 1,000,000            
Long-term debt obligation       3,033,000 6,110,000              
Short term debt obligation       $ 0 $ 581,000              
Term Loan [Member]                        
Debt Instrument [Line Items]                        
Debt instrument, maturity date       Aug. 04, 2028                
Revolving Line of Credit [Member]                        
Debt Instrument [Line Items]                        
Revolving loan outstanding       $ 15,700,000                
Banc of America Leasing & Capital, LLC [Member] | Equipment Loan Agreement [Member]                        
Debt Instrument [Line Items]                        
Principal amount of debt     $ 800,000     $ 800,000            
Debt instrument, maturity date     Jan. 23, 2029                  
Interest rate     7.06%     7.06%            
Periodic payment of debt     $ 16,296                  
Date of first required payment     Feb. 23, 2024                  
Term A-2 Loan [Member]                        
Debt Instrument [Line Items]                        
Debt instrument, maturity date       Aug. 04, 2035                
MTEX Term Loan [Member]                        
Debt Instrument [Line Items]                        
Revolving loan outstanding       $ 600,000           € 500,000    
Short term debt obligation       0                
MTEX Government Grant Term Loan [Member]                        
Debt Instrument [Line Items]                        
Long-term debt obligation       $ 200,000           200,000    
EURIBOR Rate [Member] | MTEX Term Loan [Member]                        
Debt Instrument [Line Items]                        
Interest rate 2.00% 2.00%                    
Minimum [Member] | Revolving Line of Credit [Member]                        
Debt Instrument [Line Items]                        
Commitment fee rate       15.00%                
Minimum [Member] | EURIBOR Rate [Member] | Revolving Line of Credit [Member]                        
Debt Instrument [Line Items]                        
Interest rate       1.60%                
Maximum [Member] | Revolving Line of Credit [Member]                        
Debt Instrument [Line Items]                        
Commitment fee rate       40.00%                
Maximum [Member] | EURIBOR Rate [Member] | Revolving Line of Credit [Member]                        
Debt Instrument [Line Items]                        
Interest rate       3.25%                
Bank of America, N.A. [Member] | Term Loan [Member] | Scenario Forecast [Member]                        
Debt Instrument [Line Items]                        
Debt Instrument, principal Periodic payment             $ 500,000          
Bank of America, N.A. [Member] | Term Loan [Member] | Sixth Amendment Credit Agreement [Member]                        
Debt Instrument [Line Items]                        
Principal amount of debt                     $ 10,000,000  
Proceeds from long term line of credit       $ 10,000,000                
Bank of America, N.A. [Member] | Revolving Line of Credit [Member]                        
Debt Instrument [Line Items]                        
Available line of credit       $ 11,800,000                
Long term debt weighted average interest rate over a period of time       7.10% 7.28%              
Bank of America, N.A. [Member] | Revolving Line of Credit [Member] | Sixth Amendment Credit Agreement [Member]                        
Debt Instrument [Line Items]                        
Maximum borrowing capacity                     27,500,000  
Proceeds from long term line of credit $ 1,500,000                      
Debt instrument, maturity date       Aug. 04, 2028                
Bank of America, N.A. [Member] | Revolving Line of Credit [Member] | Sixth Amendment Credit Agreement [Member] | Scenario Forecast [Member]                        
Debt Instrument [Line Items]                        
Maximum borrowing capacity                 $ 25,000,000      
Bank of America, N.A. [Member] | Revolving Line of Credit [Member] | Before Amendment To The Credit Agreement [Member]                        
Debt Instrument [Line Items]                        
Maximum borrowing capacity                     25,000,000  
Debt instrument, maturity date       Aug. 04, 2027                
Bank of America, N.A. [Member] | Revolving Line of Credit [Member] | Other Expense [Member]                        
Debt Instrument [Line Items]                        
Interest Expense, Debt       $ 1,400,000 $ 1,000,000              
Line of Credit Facility, Commitment Fee Amount       27,000 $ 42,000              
Bank of America, N.A. [Member] | Term A-2 Loan [Member] | Scenario Forecast [Member]                        
Debt Instrument [Line Items]                        
Debt Instrument, principal Periodic payment               $ 40,500        
Bank of America, N.A. [Member] | Term A-2 Loan [Member] | Sixth Amendment Credit Agreement [Member]                        
Debt Instrument [Line Items]                        
Principal amount of debt                     $ 9,720,000  
Proceeds from long term line of credit       9,720,000                
Caixa Central De Credito Agricola Mutuo [Member] | MTEX Term Loan [Member]                        
Debt Instrument [Line Items]                        
Principal amount of debt 1,600,000                     € 1,300,000
Debt instrument principal and interest payments $ 20,000 € 17,000                    
Line of Credit Facility, Current Borrowing Capacity       $ 600,000           € 500,000    
Payment terms requires monthly principal and interest payments of approximately EUR 17,000 ($20,000) which commenced in October 2024 requires monthly principal and interest payments of approximately EUR 17,000 ($20,000) which commenced in October 2024                    
Credit line established month and year       2023-12                
Renewable Period       6 months                
Debt instrument, maturity date Dec. 21, 2033 Dec. 21, 2033                    
v3.26.1
Credit Agreement and Debt Facilities - Schedule of Indebtedness in the Accompanying Consolidated Balance Sheets (Detail) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Debt Instrument [Line Items]    
Total Debt $ 21,436 $ 25,239
Less: Debt Issuance Costs, net of accumulated amortization 108 85
Current Portion of Debt 3,033 6,110
Long-Term Debt 18,295 19,044
Term Loan Due August 4, 2028 [Member]    
Debt Instrument [Line Items]    
Total Debt 9,500  
Term A-2 Loan Due August 4, 2035 [Member]    
Debt Instrument [Line Items]    
Total Debt 9,599  
Term Loan cancelled October 31, 2025 [Member]    
Debt Instrument [Line Items]    
Total Debt   9,450
Term Loan cancelled October 31, 2025 [Member] | Euro [Member]    
Debt Instrument [Line Items]    
Total Debt   12,719
MTEX Euro Term Loan Due December 21, 2033 [Member]    
Debt Instrument [Line Items]    
Total Debt 1,567 1,514
MTEX Euro Government Grant Term Loan Due January 2027 [Member]    
Debt Instrument [Line Items]    
Total Debt 243 876
Equipment Loan Due January 23, 2029 [Member]    
Debt Instrument [Line Items]    
Total Debt $ 527 $ 680
v3.26.1
Credit Agreement and Debt Facilities - Schedule of Indebtedness in the Accompanying Consolidated Balance Sheets (Parenthetical) (Detail)
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Term Loan Due August 4, 2028 [Member]    
Debt Instrument [Line Items]    
Debt instrument, description of variable rate basis USD Term Loan (7.024% as of January 31, 2026); maturity date August 4, 2028  
Interest rate 7.024%  
Debt instrument, maturity date Aug. 04, 2028  
Term A-2 Loan Due August 4, 2035 [Member]    
Debt Instrument [Line Items]    
Debt instrument, description of variable rate basis USD Term A-2 Loan (7.024% as of January 31, 2026); maturity date August 4, 2035  
Interest rate 7.024%  
Debt instrument, maturity date Aug. 04, 2035  
Term Loan cancelled October 31, 2025 [Member]    
Debt Instrument [Line Items]    
Debt instrument, description of variable rate basis USD Term Loan (6.90% as of January 31, 2025); cancelled October 31, 2025  
Interest rate   6.90%
Debt instrument, maturity date   Oct. 31, 2025
Term Loan cancelled October 31, 2025 [Member] | Euro [Member]    
Debt Instrument [Line Items]    
Debt instrument, description of variable rate basis Euro Term Loan (5.38% as of January 31, 2025); cancelled October 31, 2025  
Interest rate   5.38%
Debt instrument, maturity date   Oct. 31, 2025
MTEX Euro Term Loan Due December 21, 2033 [Member]    
Debt Instrument [Line Items]    
Debt instrument, description of variable rate basis MTEX Euro Term Loan (4.226% as of January 31, 2026 and 6.022% as of January 31, 2025); maturity date of December 21, 2033  
Interest rate 4.226% 6.022%
Debt instrument, maturity date Dec. 21, 2033 Dec. 21, 2033
MTEX Euro Government Grant Term Loan Due January 2027 [Member]    
Debt Instrument [Line Items]    
Debt instrument, description of variable rate basis MTEX Euro Government Grant Term Loan (0% as of January 31, 2026 and January 31, 2025); maturity dates through January 2027  
Interest rate 0.00% 0.00%
Debt instrument, maturity date Jan. 31, 2027 Jan. 31, 2027
Equipment Loan Due January 23, 2029 [Member]    
Debt Instrument [Line Items]    
Interest rate 7.06% 7.06%
Debt instrument, maturity date Jan. 23, 2029 Jan. 23, 2029
v3.26.1
Credit Agreement and Debt Facilities - Schedule of Required Principal Payments Remaining on Long Term Debt Outstanding (Detail) - Term Loan [Member]
$ in Thousands
Jan. 31, 2026
USD ($)
Debt Instrument [Line Items]  
Fiscal 2027 $ 3,032
Fiscal 2028 8,370
Fiscal 2029 860
Fiscal 2030 679
Fiscal 2031 and beyond 8,495
Long-term Debt $ 21,436
v3.26.1
Financial Instruments and Risk Management - Schedule of Net Investment Hedges (Detail) - Euro Denominated Debt [Member] - Designated as Hedging Instrument [Member] - Net Investment Hedge [Member] - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Derivative Instruments, Gain (Loss) [Line Items]    
Amount of Foreign Currency Translation Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivative $ (603) $ (24)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax
v3.26.1
Royalty Obligations - Additional Information (Detail) - USD ($)
12 Months Ended
Jan. 31, 2018
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Royalty Obligation Disclosure [Line Items]        
Guaranteed Minimum Royalty Payments   $ 13,800,000    
Royalty Obligation, Current   1,656,000 $ 1,358,000  
Accrued Royalties, Current, Excess Royalty Payment Due   331,000 691,000  
Honeywell Asset Purchase and License Agreement [Member]        
Royalty Obligation Disclosure [Line Items]        
Payment Term Period 10 years      
Payment Maturity Date Sep. 30, 2026      
Minimum Royalty Payment Obligation $ 15,000,000      
Royalty Obligation, Current   1,200,000    
Excess Royalty Payments   2,100,000 $ 2,500,000 $ 2,300,000
Accrued Royalties, Current, Excess Royalty Payment Due   300,000    
Royalty guarantee commitment amount due current   600,000    
Royalty expense   400,000    
Honeywell Asset Purchase and License Agreement [Member] | Royalty Payments Due In Next Twelve Months [Member]        
Royalty Obligation Disclosure [Line Items]        
Royalty guarantee commitement amount   100,000    
Honeywell Asset Purchase and License Agreement [Member] | Royalty Payments Due Year Two [Member]        
Royalty Obligation Disclosure [Line Items]        
Royalty guarantee commitement amount   200,000    
Honeywell Asset Purchase and License Agreement [Member] | Royalty Payments Due Year Three [Member]        
Royalty Obligation Disclosure [Line Items]        
Royalty guarantee commitement amount   233,000    
Honeywell Asset Purchase and License Agreement [Member] | Royalty Payments Due Year Four [Member]        
Royalty Obligation Disclosure [Line Items]        
Royalty guarantee commitement amount   233,000    
Honeywell Asset Purchase and License Agreement [Member] | Royalty Payments Due Year Five [Member]        
Royalty Obligation Disclosure [Line Items]        
Royalty guarantee commitement amount   $ 234,000    
v3.26.1
Leases - Additional Information (Detail)
Jan. 31, 2026
Leases [Abstract]  
Operating Lease, Weighted Average Remaining Lease Term 6 years
Operating Lease, Weighted Average Discount Rate, Percent 6.19%
v3.26.1
Leases - Schedule Of Balance Sheet And Other Information Related To Operating Leases (Detail) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Operating Leases [Abstract]    
Lease Assets $ 2,466 $ 1,781
Lease Liabilities - Current 584 320
Lease Liabilities - Long Term $ 1,953 $ 1,535
v3.26.1
Leases - Lease Cost Information (Detail) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
General and Administrative Expense [Member]    
Lessee, Lease, Description [Line Items]    
Operating Lease Costs $ 702 $ 410
v3.26.1
Leases - Maturities of lease liabilities (Detail)
$ in Thousands
Jan. 31, 2026
USD ($)
Leases [Abstract]  
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
v3.26.1
Leases - Supplemental cash flow information (Detail) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Cash paid for amounts included in the measurement of lease liabilities [Abstract]    
Cash paid for operating lease liabilities $ 675 $ 418
v3.26.1
Government Grants - Additional Information (Details)
12 Months Ended
Jan. 31, 2026
USD ($)
Government Grants [Abstract]  
Grant deferred revenue $ 1,100,000
Grant revenue recognized included in depreciation expense 300,000
Grant revenue recognized included in selling and marketing expense 300,000
Grant revenue recognized included in other accrued expenses 200,000
Contingencies associated with the government grants $ 0
v3.26.1
Accumulated Other Comprehensive Loss - Changes in Balance of Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Schedule of Capitalization, Equity [Line Items]      
Beginning Balance $ 75,750 $ 90,282 $ 84,367
Other Comprehensive Income (Loss) 1,551 (1,130) 19
Ending Balance 76,862 75,750 90,282
Foreign Currency Translation Adjustments [Member]      
Schedule of Capitalization, Equity [Line Items]      
Beginning Balance (3,349) (2,219) (2,238)
Other Comprehensive Income (Loss) 1,551 (1,130) 19
Ending Balance $ (1,798) $ (3,349) $ (2,219)
v3.26.1
Shareholders' Equity - Additional information (Detail) - USD ($)
$ in Millions
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Equity [Abstract]    
Company shares given to employees, shares 20,202 26,179
Company shares given to employees, value $ 0.2 $ 0.5
v3.26.1
Share-Based Compensation - Additional Information (Detail) - USD ($)
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Number of shares outstanding 319,049 421,699 523,349 547,199
Annual compensation amount $ 2,310,000 $ 1,378,000 $ 1,347,000  
Number of options granted 30,000 0 0  
Aggregate intrinsic value of options exercised   $ 242,000 $ 32,000  
Reservation of shares under Stock Purchase Plan 40,000      
Weighted average fair value per share for options granted $ 6.15      
Restricted Stock or Unit Expense $ 1,886,000 $ 1,338,000 $ 1,322,000  
Employee Stock Purchase Plan [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Employee Stock Purchase Plan discount rate 15.00%      
Termination date Apr. 22, 2025      
2007 Equity Incentive Plan [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Number of shares outstanding 117,349      
2018 Equity Incentive Plan [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Number of shares outstanding 146,500      
Shares available for grant under the Plan 1,550,000      
Prior Employee Stock Purchase Plan [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Shares purchase under Employee Stock Purchase Plan 6,463      
2026 Long-Term Incentive Program [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation expense $ 240,000      
Accrued liability 240,000      
Stock Options [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Unrecognized compensation expense related to options 0      
Aggregate intrinsic value of option exercised $ 0      
Restricted Stock Units (RSUs) [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Unrecognized compensation expense to be recognized, Weighted average period 2 years 4 months 24 days      
Unrecognized compensation expense related to RSUs and RSAs $ 3,900,000      
Restricted Stock Units (RSUs) [Member] | 2018 Equity Incentive Plan [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Number of unvested shares 475,316      
RSA [Member] | 2015 Equity Incentive Plan [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Number of shares outstanding 55,200      
Performance Based RSUs [Member] | 2018 Equity Incentive Plan [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Number of unvested shares 16,216      
Restricted Stock Award [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Percentage of number of shares granted 25.00%      
Annual compensation amount $ 72,800      
v3.26.1
Share-Based Compensation - Share-Based Compensation Expense (Detail) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Share-based Compensation [Abstract]      
Stock Options $ 159 $ 0 $ 0
Restricted Stock Awards and Restricted Stock Units 1,886 1,338 1,322
Stock-Settled Performance Awards 240 0 0
Employee Stock Purchase Plan 25 40 25
Total $ 2,310 $ 1,378 $ 1,347
v3.26.1
Share-Based Compensation - Schedule of Fair Value Of Stock Options Granted (Details)
12 Months Ended
Jan. 31, 2026
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions and Methodology [Abstract]  
Risk Free Rate 4.20%
Expected Volatility 45.70%
Expected Life (in years) 7 years 7 months 6 days
v3.26.1
Share-Based Compensation - Aggregated Information Regarding Stock Options Granted (Detail) - $ / shares
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Share-based Compensation [Abstract]      
Beginning balance, Number of Options 421,699 523,349 547,199
Granted, Number of Options 30,000 0 0
Exercised, Number of Options 0 (65,900) (9,100)
Forfeited, Number of Options 0 0 (10,525)
Cancelled, Number of Options (132,650) (35,750) (4,225)
Ending balance, Number of Options 319,049 421,699 523,349
Beginning balance, Weighted-Average Exercise Price Per Share $ 15.52 $ 15.26 $ 15.16
Granted, Weighted-Average Exercise Price Per Share 11.1 0 0
Exercised, Weighted-Average Exercise Price Per Share 0 13.86 11.54
Forfeited, Weighted-Average Exercise Price Per Share 0 0 15.2
Cancelled, Weighted-Average Exercise Price Per Share 14.4 14.69 10.5
Ending balance, Weighted-Average Exercise Price Per Share $ 15.52 $ 15.52 $ 15.26
v3.26.1
Share-Based Compensation - Summary of Options Outstanding (Detail) - $ / shares
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Number of shares outstanding, total 319,049 421,699 523,349 547,199
Outstanding, Weighted Average Exercise Price $ 15.57      
Outstanding Remaining Contractual Life 1 year 8 months 12 days      
Number of shares exercisable, total 319,049      
Exercisable, Weighted Average Exercise Price $ 15.57      
Exercisable Remaining Contractual Life 1 year 8 months 12 days      
$10.01 - $15.00 [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Outstanding Range of Exercise prices, Lower Limit $ 10.01      
Outstanding Range of Exercise prices, Upper Limit $ 15      
Outstanding, Number of shares 127,974      
Outstanding, Weighted Average Exercise Price $ 12.92      
Outstanding Remaining Contractual Life 2 years 8 months 12 days      
Exercisable, Number of shares 127,974      
Exercisable, Weighted Average Exercise Price $ 12.92      
Exercisable Remaining Contractual Life 2 years 8 months 12 days      
$15.01 - $20.00 [Member]        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Outstanding Range of Exercise prices, Lower Limit $ 15.01      
Outstanding Range of Exercise prices, Upper Limit $ 20      
Outstanding, Number of shares 191,075      
Outstanding, Weighted Average Exercise Price $ 17.35      
Outstanding Remaining Contractual Life 1 year 1 month 6 days      
Exercisable, Number of shares 191,075      
Exercisable, Weighted Average Exercise Price $ 17.35      
Exercisable Remaining Contractual Life 1 year 1 month 6 days      
v3.26.1
Share-Based Compensation - Aggregated Information Regarding RSUs and RSAs Granted (Detail) - Restricted Stock Award Preferred Stock Unit And Restricted Stock Unit [Member] - $ / shares
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Beginning balance, Outstanding Restricted Stock Units and Restricted Stock Awards 253,777 300,705 274,927
Granted, Restricted Stock Units and Restricted Stock Awards 518,076 96,040 157,643
Vested, Restricted Stock Units and Restricted Stock Awards (134,368) (96,987) (116,288)
Forfeited, Restricted Stock Units and Restricted Stock Awards (145,953) (45,981) (15,577)
Ending balance, Outstanding Restricted Stock Units and Restricted Stock Awards 491,532 253,777 300,705
Beginning balance, Weighted Average Grant Date Fair Value $ 14.07 $ 12.90 $ 12.82
Granted, Weighted Average Grant Date Fair Value 10.32 16.93 12.64
Vested, Weighted Average Grant Date Fair Value 11.58 13.95 12.29
Forfeited, Weighted Average Grant Date Fair Value 12.76 12.64 13.37
Ending balance, Weighted Average Grant Date Fair Value $ 11.19 $ 14.07 $ 12.90
v3.26.1
Income Taxes - Components of Income (Loss) before Income Taxes (Detail) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Income Tax Disclosure [Abstract]      
Domestic $ (3,624) $ 5,605 $ 5,448
Foreign 1,088 (17,892) 625
Income (Loss) before Income Taxes $ (2,536) $ (12,287) $ 6,073
v3.26.1
Income Taxes - Components of Provision for Income Taxes (Detail) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Current:      
Federal $ 164 $ 1,125 $ 966
State 43 134 71
Foreign 1,022 153 420
Current Income Tax Expense 1,229 1,412 1,457
Deferred:      
Federal (800) (621) (32)
State (191) (13) 2
Foreign (398) 1,424 (48)
Deferred Income Tax Expense Total (1,389) 790 (78)
Total $ (160) $ 2,202 $ 1,379
v3.26.1
Income Taxes - Summary of Reconciliation of Income Taxes Calculated at Statutory Rate and Provision for Income Taxes (Detail) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
U.S. Federal Statutory Tax Rate $ (533) $ (2,579) $ 1,275
State and local income tax, net of federal (national) income tax effect (117) 96 56
Return to Provision Adjustment 100 (262) 106
Other 2 2 (1)
Global Intangible Low Tax Income (GILTI) 160 0 0
Section 250 Deduction - FDII 0 (151) (98)
Other (27) (19) (47)
R&D Credits (213) (205) (160)
Change in Valuation Allowance 0 0 0
Nontaxable or Nondeductible Items, Stock Compensation 79 (74) (43)
Nontaxable or Nondeductible Items, Fines and Penalties 34 10 13
Nontaxable or Nondeductible Items, Other 50 178 (6)
Changes in Unrecognized Tax Benefits 116 133 60
Effect of Rates Different than Statutory (206) (258) (17)
Total $ (160) $ 2,202 $ 1,379
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
U.S. Federal Statutory Tax Rate 21.00% 21.00% 21.00%
State and local income tax, net of federal (national) income tax effect 4.60% (0.80%) 0.90%
Return to Provision Adjustment (4.00%) 2.10% 1.70%
Global Intangible Low Tax Income (GILTI) (6.30%) 0.00% 0.00%
Section 250 Deduction - FDII 0.00% 1.20% (1.60%)
Other 1.10% 0.20% (0.80%)
R&D Credits 8.40% 1.70% (2.60%)
Changes in Valuation Allowances 0.00% 0.00% 0.00%
Nontaxable or Nondeductible Items, Stock Compensation (3.10%) 0.60% (0.70%)
Nontaxable or Nondeductible Items, Fines and Penalties (1.30%) (0.10%) 0.20%
Nontaxable or Nondeductible Items, Other (2.00%) (1.40%) (0.10%)
Changes in Unrecognized Tax Benefits (4.60%) (1.10%) 1.00%
Effect of Rates Different than Statutory 8.10% 2.10% (0.30%)
Other 0.10% 0.10% 0.00%
Effective Tax Rate 6.30% (17.90%) 22.70%
Canada [Member]      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Return to Provision Adjustment $ (32) $ (56) $ 0
Foreign tax effects $ 4 $ 16 $ 356
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Return to Provision Adjustment 1.30% 0.50% 0.00%
Foreign tax effects (0.20%) (0.10%) 5.90%
France [Member]      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Return to Provision Adjustment $ 0 $ (94) $ 90
Foreign tax effects $ 114 $ (1) $ 41
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Return to Provision Adjustment 0.00% 0.80% 1.50%
Foreign tax effects (4.50%) 0.00% 0.70%
Germany [Member]      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Foreign tax effects $ (114) $ (58) $ (284)
German Trade Tax 145 147 107
Other $ 6 $ 8 $ 6
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Foreign tax effects 4.50% 0.50% (4.70%)
German Trade Tax (5.70%) (1.20%) 1.80%
Other (0.20%) (0.10%) 0.10%
United Kingdom [Member]      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Foreign tax effects $ 92 $ 7 $ (54)
Other $ (17) $ (3) $ (11)
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Foreign tax effects (3.60%) (0.10%) (0.90%)
Other 0.70% 0.00% (0.20%)
Denmark [Member]      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Return to Provision Adjustment $ 0 $ (105) $ (178)
Foreign tax effects $ (119) $ 278 $ 107
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Return to Provision Adjustment 0.00% 0.90% (2.90%)
Foreign tax effects 4.70% (2.30%) 1.80%
China [Member]      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Other $ 13 $ 7 $ (12)
Change in Valuation Allowance $ (131) $ (42) $ 73
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Changes in Valuation Allowances 5.20% 0.30% 1.20%
Other (0.50%) (0.10%) (0.20%)
Portugal [Member]      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Foreign tax effects $ 357 $ 43 $ 0
Goodwill Impairment 62 2,815 0
Portugal Tax Incentives - Valuation Allowance 0 2,373 0
Other $ 15 $ 0 $ 0
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Foreign tax effects (14.10%) (0.40%) 0.00%
Goodwill Impairment (2.50%) (22.90%) 0.00%
Portugal Tax Incentives - Valuation Allowance 0.00% (19.30%) 0.00%
Other (0.60%) 0.00% 0.00%
v3.26.1
Income Taxes - Summary of Cash Paid for Income Taxes, Net of Refunds (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Income Tax Paid, by Individual Jurisdiction [Line Items]      
U.S. Federal $ 300 $ 1,490 $ 951
Total Cash Income Taxes Paid, Net of Refunds 634 2,210 1,694
Rhode Island      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
U.S. State and Local 49    
California      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
U.S. State and Local 37    
Illinois      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
U.S. State and Local     135
All other state and local jurisdictions      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
U.S. State and Local (41) 168 216
Germany [Member]      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Foreign 364 525 329
Canada [Member]      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Foreign (111)    
All Other Foreign Jurisdictions      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Foreign $ 36 $ 27 $ 63
v3.26.1
Income Taxes - Tax Effects of Temporary Differences that gave Rise to Significant Portions of Deferred Tax Assets and Liabilities (Detail) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Deferred Tax Assets:    
Honeywell Royalty Liability $ 4,821 $ 4,280
R&D Expense Capitalization 3,667 2,894
Portugal Tax Incentives 2,373 2,373
Inventory 1,839 1,994
State R&D Credits 2,105 1,721
Net Operating Loss 1,049 886
Share-Based Compensation 593 575
Portugal Statutory Tax Adjustments 541 541
Compensation Accrual 250 285
Foreign Tax Credit 154 154
Bad Debt 93 115
Warranty Reserve 127 120
ASC 842 Adjustment - Lease Liability 218 87
Other 799 563
Deferred Tax Assets, Total 18,629 16,588
Deferred Tax Liabilities:    
Accumulated Tax Depreciation in Excess of Book Depreciation 1,371 1,632
Intangibles 2,037 1,544
Purchase Price Accounting 270 270
Portugal Statutory Tax Adjustments 110 110
ASC 842 Adjustment - ROU Asset 215 87
Other 142 154
Deferred Tax Liabilities, Total 4,145 3,797
Subtotal 14,484 12,791
Valuation Allowance (4,653) (4,400)
Net Deferred Tax Assets 9,831 8,391
Deferred taxes are reflected in the consolidated balance sheet as follows:    
Deferred Tax Assets 9,850 8,431
Deferred Tax Liabilities (19) (40)
Total Net Deferred Tax Assets $ 9,831 $ 8,391
v3.26.1
Income Taxes - Change in Balance of Unrecognized Tax Benefits, Excluding Interest and Penalties (Detail) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Income Tax Disclosure [Abstract]      
Balance ,beginning of the year $ 639 $ 505 $ 414
Increases in prior period tax positions 21 10 0
Increases in current period tax positions 135 143 162
Reductions related to lapse of statutes of limitations (8) (19) (71)
Balance, end of the year $ 787 $ 639 $ 505
v3.26.1
Income Taxes - Additional Information (Detail)
€ in Millions
12 Months Ended
Jan. 31, 2026
USD ($)
Jan. 31, 2025
USD ($)
Jan. 31, 2024
USD ($)
Jan. 31, 2026
EUR (€)
Income Tax [Line Items]        
Effective tax rate for income from continuing operation 6.30% (17.90%) 22.70%  
Valuation allowance $ 4,653,000 $ 4,400,000    
Recognized (benefit) expense related to interest and penalties 38,000 19,000    
Accrued potential interest and penalties 40,000      
Deferred Tax Assets Operating loss carryforwards $ 1,049,000 886,000    
Deferred tax assets operating loss carryforwards expiration period 2026 through 2045      
Deferred tax assets operating loss interest expense carryforward $ 11,800,000      
Deferred tax assets tax credit carryforwards research 2,105,000 1,721,000    
Foreign Tax Credit 154,000 154,000    
Deemed repatriated earnings 14,000,000      
Unrecognized tax benefits as a result of the expiration of the statute of limitations $ 8,000 19,000 $ 71,000  
Corporate Income Tax Due Percentage 50.00%     50.00%
Incentive interest qualified investment percentage 30.00%     30.00%
Incentive interest qualified investment amount | €       € 15
Incentive interest qualified investment exceeding limit percentage 10.00%      
MTEX [Member]        
Income Tax [Line Items]        
Tax incentives $ 2,300,000      
Additional Foreign Tax Credit [Member]        
Income Tax [Line Items]        
Foreign Tax Credit $ 200,000      
Tax Credits Carry Forwards [Member]        
Income Tax [Line Items]        
Deferred tax assets operating loss carryforwards expiration period 2027 through 2032      
Deferred tax assets tax credit carryforwards research $ 2,100,000      
SIFIDE [Member]        
Income Tax [Line Items]        
Tax credit carryforwards period 10 years      
RFAI [Member]        
Income Tax [Line Items]        
Tax credit carryforwards period 12 years      
Federal Tax [Member]        
Income Tax [Line Items]        
Unrecognized tax benefits as a result of the expiration of the statute of limitations   $ 18,000    
v3.26.1
Segment Reporting and Geographical Information - Additional Information (Detail)
12 Months Ended
Jan. 31, 2026
Segment
Segment Reporting [Abstract]  
Number of reporting segments 2
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration] President and Chief Executive Officer [Member]
Segment Reporting, CODM, Profit (Loss) Measure, How Used, Description The CODM evaluates the performance of and allocates resources to the reporting segments based on segment profit or loss, which represents the segments’ income (loss) before income taxes and excludes corporate expenses.
v3.26.1
Segment Reporting and Geographical Information - Net Sales and Segment Operating Profit (Loss) for Each Reporting Segment (Detail) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Segment Reporting Information [Line Items]      
Revenue $ 150,515 [1],[2] $ 151,283 $ 148,086
Cost of Revenue 102,881 100,625 98,581
Operating Expenses 46,428 59,298 40,709
Operating Income (Loss) 1,206 (8,640) 8,796
General and Administrative Expenses 16,380 15,596 10,964
Other Income (Expense) [3] (3,742) (3,647) (2,723)
Income (Loss) before Income Taxes (2,536) (12,287) 6,073
Income Tax Provision (160) 2,202 1,379
Net Income (Loss) (2,376) (14,489) 4,694
Operating Segments [Member]      
Segment Reporting Information [Line Items]      
Revenue 150,515 151,283 148,086
Cost of Revenue 102,880 100,626 98,581
Operating Expenses 38,344 53,429 35,940
Operating Income (Loss) 9,291 (2,772) 13,565
Operating Segments [Member] | Product ID [Member]      
Segment Reporting Information [Line Items]      
Revenue 104,221 [1] 102,345 104,041
Cost of Revenue 74,383 69,775 70,436
Operating Expenses [4] 30,310 44,429 28,280
Operating Income (Loss) (472) (11,859) 5,325
Operating Segments [Member] | Aerospace [Member]      
Segment Reporting Information [Line Items]      
Revenue 46,294 [1] 48,938 44,045
Cost of Revenue 28,497 30,851 28,145
Operating Expenses [4] 8,034 9,000 7,660
Operating Income (Loss) 9,763 9,087 8,240
Corporate Expenses [Member]      
Segment Reporting Information [Line Items]      
General and Administrative Expenses [5] $ (8,085) $ (5,868) $ (4,769)
[1] Includes $1,020,000 of tariff revenue.
[2] Includes $1,020,000 of tariff revenue.
[3] Includes interest expense, gain/(loss) on foreign exchange and other miscellaneous income/(expense) not allocated to the reporting segments.
[4] Product ID and Aerospace segment operating expenses include Selling and Marketing, Research and Development, and Goodwill Impairment.
[5] Corporate Expenses consist of executive and finance compensation, professional fees as well as certain other costs not allocated to the reporting segments.
v3.26.1
Segment Reporting and Geographical Information - Summary of Revenue by Product Type (Detail) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Segment Reporting Information [Line Items]      
Total Revenue $ 150,515 [1],[2] $ 151,283 $ 148,086
Hardware [Member]      
Segment Reporting Information [Line Items]      
Total Revenue 46,649 44,632 49,440
Supplies [Member]      
Segment Reporting Information [Line Items]      
Total Revenue 80,852 81,423 79,252
Operating Segments [Member]      
Segment Reporting Information [Line Items]      
Total Revenue 150,515 151,283 148,086
Operating Segments [Member] | Product ID [Member]      
Segment Reporting Information [Line Items]      
Total Revenue 104,221 [1] 102,345 104,041
Operating Segments [Member] | Product ID [Member] | Hardware [Member]      
Segment Reporting Information [Line Items]      
Total Revenue 19,976 [1] 18,294 21,270
Operating Segments [Member] | Product ID [Member] | Supplies [Member]      
Segment Reporting Information [Line Items]      
Total Revenue 76,575 [1] 76,797 75,418
Operating Segments [Member] | Product ID [Member] | Other [Member]      
Segment Reporting Information [Line Items]      
Total Revenue [1] 7,670 7,254 7,353
Operating Segments [Member] | Aerospace [Member]      
Segment Reporting Information [Line Items]      
Total Revenue 46,294 [1] 48,938 44,045
Operating Segments [Member] | Aerospace [Member] | Hardware [Member]      
Segment Reporting Information [Line Items]      
Total Revenue 26,673 [1] 26,338 28,170
Operating Segments [Member] | Aerospace [Member] | Supplies [Member]      
Segment Reporting Information [Line Items]      
Total Revenue 4,277 [1] 4,626 3,834
Operating Segments [Member] | Aerospace [Member] | Other [Member]      
Segment Reporting Information [Line Items]      
Total Revenue $ 15,344 [1] $ 17,974 $ 12,041
[1] Includes $1,020,000 of tariff revenue.
[2] Includes $1,020,000 of tariff revenue.
v3.26.1
Segment Reporting and Geographical Information - Summary of Revenue by Product Type (Parenthetical) (Detail) - USD ($)
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Segment Reporting Information [Line Items]      
Revenue $ 150,515,000 [1],[2] $ 151,283,000 $ 148,086,000
Tariff Revenue [Member]      
Segment Reporting Information [Line Items]      
Revenue 1,020,000    
Operating Segments [Member]      
Segment Reporting Information [Line Items]      
Revenue 150,515,000 151,283,000 148,086,000
Operating Segments [Member] | Product ID [Member]      
Segment Reporting Information [Line Items]      
Revenue 104,221,000 [1] $ 102,345,000 $ 104,041,000
Operating Segments [Member] | Product ID [Member] | Tariff Revenue [Member]      
Segment Reporting Information [Line Items]      
Revenue $ 1,020,000    
[1] Includes $1,020,000 of tariff revenue.
[2] Includes $1,020,000 of tariff revenue.
v3.26.1
Segment Reporting and Geographical Information - Summary of Other Information by Segment (Detail) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Segment Reporting Information [Line Items]      
Depreciation and Amortization $ 4,804 $ 4,780 $ 4,266
Capital Expenditures 332 1,165 1,697
Operating Segments [Member] | Product ID [Member]      
Segment Reporting Information [Line Items]      
Depreciation and Amortization 3,322 3,279 2,378
Capital Expenditures 259 1,066 1,687 [1]
Operating Segments [Member] | Aerospace [Member]      
Segment Reporting Information [Line Items]      
Depreciation and Amortization 1,464 1,482 1,873
Capital Expenditures 73 99 10
Corporate [Member]      
Segment Reporting Information [Line Items]      
Depreciation and Amortization 18 19 15
Capital Expenditures $ 0 $ 0 $ 0
[1] Includes financed equipment purchase of $822,000.
v3.26.1
Segment Reporting and Geographical Information - Summary of Other Information by Segment (Parenthetical) (Detail) - USD ($)
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Segment Reporting Information [Line Items]      
Capital Expenditures $ 332,000 $ 1,165,000 $ 1,697,000
Operating Segments [Member] | Product ID [Member]      
Segment Reporting Information [Line Items]      
Capital Expenditures $ 259,000 $ 1,066,000 1,687,000 [1]
Operating Segments [Member] | Product ID [Member] | Financed Equipment [Member]      
Segment Reporting Information [Line Items]      
Capital Expenditures     $ 822,000
[1] Includes financed equipment purchase of $822,000.
v3.26.1
Segment Reporting and Geographical Information - Summary of Selected Financial Information by Geographic Area (Detail) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
[2]
Jan. 31, 2025
Jan. 31, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue $ 150,515 [1] $ 151,283 $ 148,086
United States [Member]      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue 90,720 89,466 84,757
Europe [Member]      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue 39,711 39,121 41,761
Canada [Member]      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue 6,996 8,210 8,742
Asia [Member]      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue 7,075 8,018 7,216
Central and South America [Member]      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue 4,748 4,967 4,221
Other [Member]      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue $ 1,265 $ 1,501 $ 1,389
[1] Includes $1,020,000 of tariff revenue.
[2] Includes $1,020,000 of tariff revenue.
v3.26.1
Segment Reporting and Geographical Information - Summary of Selected Financial Information by Geographic Area (Parenthetical) (Detail) - USD ($)
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue $ 150,515,000 [1],[2] $ 151,283,000 $ 148,086,000
Tariff Revenue [Member]      
Revenues from External Customers and Long-Lived Assets [Line Items]      
Revenue $ 1,020,000    
[1] Includes $1,020,000 of tariff revenue.
[2] Includes $1,020,000 of tariff revenue.
v3.26.1
Employee Benefit Plans - Additional Information (Detail) - USD ($)
$ in Millions
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Postemployment Benefits [Abstract]      
Contributions paid or accrued amounted $ 0.5 $ 0.6 $ 0.5
v3.26.1
Product Warranty Liability - Activity in Product Warranty Liability (Detail) - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Product Warranties Disclosures [Abstract]      
Balance, beginning of the year $ 548 $ 711 $ 1,072
Provision for Warranty Expense 1,475 751 1,181
Cost of Warranty Repairs (1,450) (914) (1,542)
Balance, end of the year $ 573 $ 548 $ 711
v3.26.1
Restructuring - Additional Information (Detail) - USD ($)
$ in Thousands
12 Months Ended
Mar. 20, 2025
Jan. 31, 2026
Restructuring Cost and Reserve [Line Items]    
Pre-tax restructuring   $ 1,357
Balance in restructuring liability   244
Percentage of reduction of global workforce 10.00%  
Percentage of reduction of product portfolio 70.00%  
Expected annualized cost $ 3,000  
Severance and Employee Related Costs [Member]    
Restructuring Cost and Reserve [Line Items]    
Pre-tax restructuring   1,267
Balance in restructuring liability   244
PI Segment Restructuring Plan [Member]    
Restructuring Cost and Reserve [Line Items]    
Pre-tax restructuring   $ 1,400
v3.26.1
Restructuring - Summary of Restructuring Costs by Type (Detail)
$ in Thousands
12 Months Ended
Jan. 31, 2026
USD ($)
Restructuring Cost and Reserve [Line Items]  
Restructuring Costs $ 1,357
Payments for Restructuring (1,113)
Restructuring Liability 244
Severance and Employee Related Costs [Member]  
Restructuring Cost and Reserve [Line Items]  
Restructuring Costs 1,267
Payments for Restructuring (1,023)
Restructuring Liability 244
Other Restructuring Costs [Member]  
Restructuring Cost and Reserve [Line Items]  
Restructuring Costs 90
Payments for Restructuring (90)
Cost of Revenue [Member]  
Restructuring Cost and Reserve [Line Items]  
Restructuring Costs 367
Selling & Marketing [Member]  
Restructuring Cost and Reserve [Line Items]  
Restructuring Costs 238
General & Administrative [Member]  
Restructuring Cost and Reserve [Line Items]  
Restructuring Costs $ 752
v3.26.1
Restructuring - Summarizes Restructuring Costs (Details)
$ in Thousands
12 Months Ended
Jan. 31, 2026
USD ($)
Restructuring Cost and Reserve [Line Items]  
Restructuring costs $ 1,357
Cost of Revenue [Member]  
Restructuring Cost and Reserve [Line Items]  
Restructuring costs 367
Selling & Marketing [Member]  
Restructuring Cost and Reserve [Line Items]  
Restructuring costs 238
General & Administrative [Member]  
Restructuring Cost and Reserve [Line Items]  
Restructuring costs $ 752
v3.26.1
Concentration of Risk - Additional Information (Detail) - Vendor [Member] - Customer [Member]
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Purchases [Member]      
Concentration Risk [Line Items]      
Concentration Risk, Percentage     23.50%
Purchases [Member] | Two Vendors [Member]      
Concentration Risk [Line Items]      
Concentration Risk, Percentage 25.60% 27.30%  
Trade Accounts Payables [Member]      
Concentration Risk [Line Items]      
Concentration Risk, Percentage 10.90% 13.30% 46.90%
v3.26.1
Commitments and Contingencies - Additional Information (Detail)
$ in Millions
Jan. 31, 2026
USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]  
Purchase obligation $ 23.3
Purchase obligation, to be paid, year one $ 22.9
v3.26.1
Fair Value Measurements - Schedule of Company's Long-Term Debt Including the Current Portion Not Reflected in Financial Statements at Fair Value (Detail) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Fair Value [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-Term Debt and Related Current Maturities $ 21,565 $ 25,202
Fair Value [Member] | Level 3 [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-Term Debt and Related Current Maturities 21,565 25,202
Carrying Value [Member]    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Long-Term Debt and Related Current Maturities $ 21,436 $ 25,239
v3.26.1
Subsequent Events - Additional Information (Details) - USD ($)
$ in Millions
12 Months Ended
Mar. 20, 2025
Jan. 31, 2026
Subsequent Event [Line Items]    
Percentage of reduction of global workforce 10.00%  
Percentage of reduction of product portfolio 70.00%  
Expected annualized cost $ 3.0  
Revolving Credit Facility [Member] | Minimum [Member]    
Subsequent Event [Line Items]    
Commitment fee rate   15.00%
Revolving Credit Facility [Member] | Maximum [Member]    
Subsequent Event [Line Items]    
Commitment fee rate   40.00%
Revolving Credit Facility [Member] | Eurodollar [Member] | Minimum [Member]    
Subsequent Event [Line Items]    
Debt instrument, basis spread on variable rate   1.60%
Revolving Credit Facility [Member] | Eurodollar [Member] | Maximum [Member]    
Subsequent Event [Line Items]    
Debt instrument, basis spread on variable rate   3.25%
v3.26.1
Schedule II - Valuation and Qualifying Accounts and Reserves (Detail) - Allowance for Doubtful Accounts [Member] - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]      
Balance at Beginning of Year $ 3,104 $ 618 $ 731
Provision/(Benefit) Charged to Operations 297 2,486 (113)
Deductions (1,060) 0 0
Balance at End of Year $ 2,341 $ 3,104 $ 618