Astronova reports q4 loss per share of $0.19

Astronova announces financial results for fourth-quarter and full-year fiscal 2020.q4 loss per share $0.19.q4 revenue $30.5 million versus $37.2 million.astronova - due to near-term industry dynamics, notably boeing 737 max production halt, have taken actions to bring costs in line with current market environment.astronova - implemented 5% headcount reduction & other initiatives, expect to result in an annualized expense savings of $1.5 million to $2.0 million.astronova - have made some additional changes to sales management structure, expect will result in more efficient & effective global sales processes."believe cost-cutting measures position us for a return to profitability as we move forward in fiscal 2021".additional delays in 737 max return to service will negatively impact nearer term results.astronova - also closely monitoring covid-19 viral outbreak for potential impacts on customer demand and our supply chain.
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