Astro-Med, Inc. (NASDAQ: ALOT) reports net income of $543,000, equal to 9 cents per diluted share, on sales of $15,642,000, for the First Quarter ending April 29, 2006. Net income for the quarter included a non-cash charge of approximately $100,000, or 1 cent per diluted share, related to the company's adoption of SFAS No. 123(R), Share-Based Payment, which requires the expensing of stock options and other equity compensation. During the corresponding period of the previous year, the Company reported net income of $398,000, equal to 7 cents per diluted share, on sales of $14,193,000.
