
Askeladden Capital Discloses Questionable Origins of AstroNova's MTEX Technology and Associated Risks, Comments on Q1 Results
created: June 10, 2025, 9:10 p.m. | updated: June 11, 2025, 9:02 p.m.
We then summarize key governance failings, and share detailed insights from our interview with the Afinia executive.
[10] (The Afinia executive: " Everyone in the industry knew [the Atom 1] didn't work."
[28] In the recently-reported Q1 FY26, MTEX revenues decline sequentially from $1.66 million to $1.4 million; MTEX loses roughly $1 million in earnings before taxes.
According to this Afinia executive, the problem is certainly not with AstroNova's " incredible… rockstar " Chief Technology Officer Mike Natalizia:"Mike is incredible.
What is the "difficult situation" that Mr. Natalizia is trying to make the best of, according to the Afinia executive?
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