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Segment Information
 9 Months Ended
Oct. 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 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, defense, rail, energy, industrial and general manufacturing.

Our CODM has been identified as our 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

 

 

Nine Months
Ended

 

($ in thousands)

 

October 31,
2025

 

 

November 2,
2024

 

 

October 31,
2025

 

 

November 2,
2024

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

  Product ID

 

$

26,849

 

 

$

26,317

 

 

$

77,891

 

 

$

76,667

 

  Aerospace

 

 

12,320

 

 

 

14,105

 

 

 

35,088

 

 

 

37,255

 

     Total Revenue

 

$

39,169

 

 

$

40,422

 

 

$

112,979

 

 

$

113,922

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

  Product ID

 

$

19,043

 

 

$

17,910

 

 

$

53,680

 

 

$

51,312

 

  Aerospace

 

 

5,929

 

 

 

8,798

 

 

 

20,816

 

 

 

22,597

 

     Total Cost of Revenue

 

$

24,972

 

 

$

26,708

 

 

$

74,496

 

 

$

73,909

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

  Product ID (1)

 

$

5,928

 

 

$

6,539

 

 

$

17,626

 

 

$

18,147

 

  Aerospace(1)

 

 

1,860

 

 

 

2,056

 

 

 

4,565

 

 

 

5,852

 

     Total Operating Expenses

 

$

7,788

 

 

$

8,595

 

 

$

22,191

 

 

$

23,999

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Segment Operating Income:

 

 

 

 

 

 

 

 

 

 

 

 

  Product ID

 

$

1,878

 

 

$

1,868

 

 

$

6,585

 

 

$

7,208

 

  Aerospace

 

 

4,531

 

 

 

3,251

 

 

 

9,707

 

 

 

8,806

 

     Total Segment Operating Income

 

$

6,409

 

 

$

5,119

 

 

$

16,292

 

 

$

16,014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Corporate Expense (2)

 

 

(5,122

)

 

 

(3,855

)

 

 

(15,140

)

 

 

(12,343

)

Operating Income

 

$

1,287

 

 

$

1,264

 

 

$

1,152

 

 

$

3,671

 

Interest Expense

 

 

(827

)

 

 

(944

)

 

 

(2,609

)

 

 

(2,363

)

Other Income (Expense) (3)

 

 

(210

)

 

 

(46

)

 

 

(291

)

 

 

(337

)

Income (Loss) Before Income Taxes

 

$

250

 

 

$

274

 

 

$

(1,748

)

 

$

971

 

Income Tax Provision (Benefit)

 

 

(128

)

 

 

34

 

 

 

(506

)

 

 

(139

)

Net Income (Loss)

 

$

378

 

 

$

240

 

 

$

(1,242

)

 

$

1,110

 

 

(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

 

 

Nine Months
Ended

 

($ in thousands)

October 31,
2025

 

 

November 2,
2024

 

 

October 31,
2025

 

 

November 2,
2024

 

  Product ID:

 

 

 

 

 

 

 

 

 

 

 

     Hardware

$

5,357

 

 

$

4,590

 

 

$

14,645

 

 

$

12,703

 

     Supplies

 

19,494

 

 

 

19,921

 

 

 

57,905

 

 

 

58,395

 

     Other

 

1,998

 

 

 

1,806

 

 

 

5,341

 

 

 

5,569

 

        Total Product ID Revenue

 

26,849

 

 

 

26,317

 

 

 

77,891

 

 

 

76,667

 

  Aerospace:

 

 

 

 

 

 

 

 

 

 

 

     Hardware

 

7,360

 

 

 

7,032

 

 

 

20,303

 

 

 

20,153

 

     Supplies

 

1,079

 

 

 

987

 

 

 

3,243

 

 

 

3,490

 

     Other

 

3,881

 

 

 

6,086

 

 

 

11,542

 

 

 

13,612

 

       Total Aerospace Revenue

 

12,320

 

 

 

14,105

 

 

 

35,088

 

 

 

37,255

 

       Total Revenue

$

39,169

 

 

$

40,422

 

 

$

112,979

 

 

$

113,922

 

 

Other information by segment is presented below:

 

 

Depreciation and Amortization

 

 

Capital Expenditures

 

 

 

Nine Months Ended

 

 

Nine Months Ended

 

(In thousands)

 

October 31,
2025

 

 

November 2,
2024

 

 

October 31,
2025

 

 

November 2,
2024

 

Product ID

 

$

2,527

 

 

$

2,567

 

 

$

178

 

 

$

1,062

 

Aerospace

 

 

898

 

 

 

947

 

 

 

15

 

 

 

24

 

Total

 

$

3,425

 

 

$

3,514

 

 

$

193

 

 

$

1,086