Core Viewpoint - Sono-Tek Corporation has announced a share repurchase program of up to $2.0 million, reflecting its financial strength and confidence in long-term growth strategy [1][2]. Financial Position - As of August 31, 2024, Sono-Tek had approximately $11.6 million in cash, cash equivalents, and marketable securities, with no debt on its balance sheet [3]. - The company had approximately 15,751,000 shares of common stock outstanding as of the same date [3]. Repurchase Program Details - The repurchase program allows Sono-Tek to buy back shares through open market purchases or other means, with the timing and volume at the company's discretion [2]. - The program does not obligate the company to repurchase a specific number of shares and can be modified or discontinued at any time [2]. Business Overview - Sono-Tek is a leader in ultrasonic coating systems, serving various industries including microelectronics, alternative energy, and medical devices [4]. - The company is focusing on clean energy applications, showing transformative results in next-gen solar cells, fuel cells, and carbon capture [4]. Product and Market Strategy - The product line is evolving from R&D to high-volume production machines, indicating market leadership and adaptability [5]. - Sono-Tek's solutions are designed to be environmentally friendly and efficient, reducing overspray and saving raw materials, water, and energy [6]. Growth Strategy - The growth strategy emphasizes leveraging innovative technologies and global reach to enhance customer outcomes [7].

Company Overview - Sono-Tek Corporation is a global leader in the design and manufacture of ultrasonic coating systems, impacting various industries such as microelectronics, alternative energy, medical devices, and advanced industrial manufacturing [3][4] - The company is making significant advancements in the clean energy sector, particularly in next-generation solar cells, fuel cells, green hydrogen generation, and carbon capture applications [3] Product and Technology - Sono-Tek's product line is evolving from research and development to high-volume production machines, which feature significantly higher average selling prices, demonstrating market leadership and adaptability [4] - The company's ultrasonic coating solutions are environmentally friendly, efficient, and reliable, leading to reductions in overspray, raw material, water, and energy usage, while improving process repeatability and transfer efficiency [5] Growth Strategy - The growth strategy of Sono-Tek focuses on leveraging innovative technologies, proprietary know-how, and global reach to enhance thin film coating technologies, ultimately improving customer product outcomes [6] - The company employs a strategic distribution network that includes direct sales personnel, independent distributors, and experienced sales representatives to ensure efficient market reach across diverse sectors [4] Investor Engagement - Sono-Tek will participate in the Spartan Capital Securities investor conference on November 4th, where CEO Steve Harshbarger will present to investors [1][2]

Sono-Tek Corporation (SOTK) came out with quarterly earnings of $0.02 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.02, delivering a surprise of 100%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. SonoTek, which belongs to ...

Sono-Tek Reports Fiscal Second Quarter and First Half 2025 Financial Results, Record Backlog and Provides Revenue Guidance SONO TEK Q2 Sequential Revenue Growth Meets Quarterly Guidance of 2%-5% Record Equipment and Service Backlog of $11.7 Million First Half Revenue Growth of 10% YOY, First Half Net Income Growth of 13% YOY Expects Continued Revenue Growth for Full Fiscal Year 2025 Conference Call Today at 10:00 am ET MILTON, N.Y., October 15, 2024 – PRISM MediaWire – Sono-Tek Corporation (Nasdaq: SOTK), t ...

Sono-Tek Announces Fiscal Second Quarter and First Half 2025 Earnings Conference Call Conference Call on Tuesday, October 15, 2024 at 10:00 am ET MILTON, NY, October 8, 2024 – PRISM MediaWire – Sono-Tek Corporation (NASDAQ: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that the Company will hold a conference call to discuss its fiscal second quarter and first half 2025 financial results, ended August 31, 2024, on Tuesday, October 15, 2024 at 10:00 am ET. The se ...

Sono-Tek to Present at August 20th Virtual Investor Summit Microcap Event MILTON, NY, August 15, 2024 — Sono-Tek Corporation (Nasdaq: SOTK), a leading developer and manufacturer of ultrasonic coating systems, announced today that it will be presenting at the upcoming Virtual Investor Summit on August 20, 2024. Investors may request a one-on-one meeting with management by registering here: https://investorsummitgroup.com. Event: Q3 Investor Summit Date: August 20, 2024 Presentation Time: 1:30 PM ET Location: ...

Sono-Tek Announces Additional $2.95 Million Order from Specialty Clean Energy Customer 4 System Order Expected to be Shipped in Fiscal 2026 Company Experiencing Strong Demand from Clean Energy Sector MILTON, NY, August 13, 2024 — Sono-Tek Corporation (Nasdaq: SOTK), a leading developer and manufacturer of ultrasonic coating systems, is pleased to announce the receipt of an additional $2.95 million order from an existing clean energy customer. This new order, identical in value and scope to a recent record-b ...

Core Insights - Sono-Tek Corporation has announced its largest order in company history, valued at $2.95 million, from a clean energy customer, marking a significant milestone in its business growth [6][7]. Order Details - The new order consists of four production-scale systems, which will be shipped in the first half of fiscal 2026, starting March 1, 2025 [4]. - This order builds on a previous delivery of four production-scale machines to the same customer, increasing the total number of production-scale machines for this customer to eight [4]. Customer Relationship - The customer initially engaged with Sono-Tek by purchasing an R&D system to develop their processes before moving to production-scale systems [4]. - The ongoing collaboration has led to additional orders for smaller R&D machines, indicating a strong partnership and trust in Sono-Tek's capabilities [7]. Market Trends - The demand for Sono-Tek's ultrasonic coating systems is being driven by large-scale government funding initiatives in the clean energy sector, impacting applications such as carbon capture, hydrogen generation, fuel cells, and advanced solar energy [7]. - The company anticipates that the higher average selling prices (ASPs) of these systems will positively influence its growth in the coming years [7].

4 System Order Expected to be Shipped in First Half of Fiscal 2026 Harshbarger added, "The recent distribution of funding from large-scale government initiatives for the clean energy sector is driving demand for our proprietary ultrasonic coating systems across various applications, including carbon capture, hydrogen generation, fuel cells, and advanced solar energy. The higher average selling prices (ASPs) that these systems command are expected to positively impact Sono-Tek's growth in the coming years." ...

13 Results of Operations Sales: | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------|-------|-----------|-----------------------------------|----------------------------|----------------|---------------|-------| | Product Sales: | | 2024 | Three Months \n% of total | Ended May 31, \n2023 | % of total | Change \n$ | % | | Fluxing Systems | $ | 134,000 | 2% $ | 236,000 | 6% | (102,000) | (43%) | | Integrated Coating Systems | | 747,000 | 15% | 309,000 | 9% | 438,000 | 1 ...