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Segment Information
 6 Months Ended
Jul. 31, 2025
Segment Reporting [Abstract]  
Segment Information

Note 17 – Segment Information

Our operations consist of the design, development, manufacture and sale of specialty printers and data acquisition and analysis systems, including both hardware and software and related consumable supplies. We organize and manage our business as a portfolio of products and services designed around a common theme of data acquisition and information output.

We have two reporting segments consistent with our revenue product groups: 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. The segment name change did not result in any change to the composition of our reportable segments and, therefore, did not result in any changes to our historical segment results or the way our chief operating decision maker (“CODM”) allocates resources or makes decisions.

Our Product ID segment produces an array of high-technology digital color and monochrome label printers, commercial presses, direct to package/overprint printers, mail and sheet/flatpack printers and flexible packaging printers as well as supplies for a variety of industries worldwide. Our Aerospace segment produces our line of aerospace flight deck and cabin printers, as well as specialty airborne certified networking equipment 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, defense, rail, energy, industrial and general manufacturing.

Our 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 included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2025.

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

 

Summarized below are the Revenue and Segment Operating Profit for each reporting segment:

 

 

Three Months
Ended

 

 

Six Months
Ended

 

($ in thousands)

 

July 31,
2025

 

 

August 3,
2024

 

 

July 31,
2025

 

 

August 3,
2024

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

  Product ID

 

$

24,754

 

 

$

27,165

 

 

$

51,043

 

 

$

50,350

 

  Aerospace

 

 

11,348

 

 

 

13,374

 

 

 

22,767

 

 

 

23,150

 

     Total Revenue

 

$

36,102

 

 

$

40,539

 

 

$

73,810

 

 

$

73,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

  Product ID

 

$

17,077

 

 

$

18,545

 

 

$

34,638

 

 

$

33,403

 

  Aerospace

 

 

7,392

 

 

 

7,668

 

 

 

14,886

 

 

 

13,799

 

     Total Cost of Revenue

 

$

24,469

 

 

$

26,213

 

 

$

49,524

 

 

$

47,202

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

  Product ID (1)

 

$

5,761

 

 

$

6,272

 

 

$

11,698

 

 

$

11,607

 

  Aerospace(1)

 

 

1,546

 

 

 

1,872

 

 

 

2,705

 

 

 

3,796

 

     Total Operating Expenses

 

$

7,307

 

 

$

8,144

 

 

$

14,403

 

 

$

15,403

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Segment Operating Income:

 

 

 

 

 

 

 

 

 

 

 

 

  Product ID

 

$

1,916

 

 

$

2,348

 

 

$

4,707

 

 

$

5,340

 

  Aerospace

 

 

2,410

 

 

 

3,834

 

 

 

5,176

 

 

 

5,555

 

     Total Segment Operating Income

 

$

4,326

 

 

$

6,182

 

 

$

9,883

 

 

$

10,895

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Corporate Expense (2)

 

 

(5,034

)

 

 

(5,121

)

 

 

(10,018

)

 

 

(8,488

)

Operating Income (Loss)

 

$

(708

)

 

$

1,061

 

 

$

(135

)

 

$

2,407

 

Interest Expense

 

 

(885

)

 

 

(938

)

 

 

(1,782

)

 

 

(1,419

)

Other Income (Expense) (3)

 

 

(104

)

 

 

(173

)

 

 

(80

)

 

 

(292

)

Income (Loss) Before Income Taxes

 

$

(1,697

)

 

$

(50

)

 

$

(1,997

)

 

$

696

 

Income Tax Provision (Benefit)

 

 

(454

)

 

 

261

 

 

 

(378

)

 

 

(173

)

Net Income (Loss)

 

$

(1,243

)

 

$

(311

)

 

$

(1,619

)

 

$

869

 

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

(2) The amounts included in Corporate Expenses consist of executive and finance compensation, acquisition and integration costs, restructuring costs, professional fees as well as certain other non-recurring costs not allocated to the reporting segments.

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

Revenue by product type for each reporting segment:

 

Three Months
Ended

 

 

Six Months
Ended

 

($ in thousands)

July 31,
2025

 

 

August 3,
2024

 

 

July 31,
2025

 

 

August 3,
2024

 

  Product ID :

 

 

 

 

 

 

 

 

 

 

 

     Hardware

$

4,511

 

 

$

4,311

 

 

$

9,288

 

 

$

8,112

 

     Supplies

 

18,535

 

 

 

20,895

 

 

 

38,411

 

 

 

38,476

 

     Other

 

1,708

 

 

 

1,959

 

 

 

3,344

 

 

 

3,762

 

        Total Product ID Revenue

 

24,754

 

 

 

27,165

 

 

 

51,043

 

 

 

50,350

 

  Aerospace:

 

 

 

 

 

 

 

 

 

 

 

     Hardware

 

6,425

 

 

 

8,048

 

 

 

12,943

 

 

 

13,121

 

     Supplies

 

960

 

 

 

1,449

 

 

 

2,164

 

 

 

2,502

 

     Other

 

3,963

 

 

 

3,877

 

 

 

7,660

 

 

 

7,527

 

       Total Aerospace Revenue

 

11,348

 

 

 

13,374

 

 

 

22,767

 

 

 

23,150

 

       Total Revenue

$

36,102

 

 

$

40,539

 

 

$

73,810

 

 

$

73,500

 

Other information by segment is presented below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization

 

 

Capital Expenditures

 

 

 

July 31,

 

 

August 3,

 

 

July 31,

 

 

August 3,

 

(In thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Product ID

 

$

1,971

 

 

$

1,572

 

 

$

107

 

 

$

830

 

Aerospace

 

 

599

 

 

 

644

 

 

 

—

 

 

 

—

 

Total

 

$

2,570

 

 

$

2,216

 

 

$

107

 

 

$

830