AstroNova expands board, appoints Darius Nevin

Published 28/03/2025, 17:54
AstroNova expands board, appoints Darius Nevin

WEST WARWICK, R.I. - AstroNova, Inc. (NASDAQ:ALOT), known for its data visualization technologies, announced the expansion of its Board of Directors with the appointment of Darius G. Nevin, a move effective immediately. The company’s board now comprises six members, with Mr. Nevin becoming the fifth independent director.

Mr. Nevin, 67, brings a wealth of financial expertise and governance experience to AstroNova. His previous roles include serving as the Chief Financial Officer of Protection One, Inc., where he played a pivotal role in the company’s financial turnaround and subsequent sale. He has also served on the boards of several companies, including Alarm.com (NASDAQ:ALRM) since 2016, and as Chairman of Psychemedics Corporation’s board. According to InvestingPro, Alarm.com has demonstrated strong financial performance with a healthy 65.3% gross profit margin and maintains robust liquidity with a current ratio of 7.85. The company is currently trading below its Fair Value, suggesting potential upside opportunity.

AstroNova’s Lead Independent Director, Richard S. Warzala, commented on the appointment, highlighting Mr. Nevin’s strategic vision and diverse business expertise as valuable assets that will contribute to driving shareholder value.

AstroNova, established in 1969, operates globally, offering products that acquire, store, analyze, and present data in various formats. The company’s Product Identification segment delivers digital product marking and identification solutions, while its Test and Measurement segment provides airborne printing solutions, avionics, and data acquisition systems for various applications including research and development, flight testing, and production monitoring.

The company is part of the Russell Microcap® Index and the LD Micro Index (INDEXNYSEGIS: LDMICRO), reflecting its position in the market. This expansion of the board is part of AstroNova’s ongoing efforts to enhance its governance and strategic oversight.

This announcement is based on a press release statement from AstroNova.

In other recent news, Alarm.com reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.58, compared to the forecasted $0.53. The company also exceeded revenue projections, reporting $242.2 million against the expected $237.45 million. Despite these positive results, Alarm.com’s stock experienced a slight decline in aftermarket trading, reflecting concerns over potential future challenges. The company provided optimistic guidance for 2025, projecting continued growth in SaaS and license revenue between $671.2 million and $671.8 million and total revenue between $978.2 million and $980.8 million.

Additionally, Alarm.com announced the promotion of Kevin Bradley to Chief Financial Officer, succeeding Steve Valenzuela, who is set to retire. Bradley, who joined the company in 2009, has been recognized for his financial leadership and understanding of the business model. In strategic moves, Alarm.com launched new products, including an AI-powered video deterrence system, and acquired Chekked to enhance its remote video monitoring capabilities. The firm also highlighted its strong cash position, with cash and cash equivalents totaling $1.22 billion at the end of 2024. These developments indicate Alarm.com’s focus on innovation and strategic growth, supported by continued investment in research and development.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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