MILTON, N.Y., July 11, 2024 – Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its first quarter of fiscal year 2025, ended May 31, 2024. Steve Harshbarger, CEO & President of Sono-Tek, remarked, "Our growth strategies are continuing to gain momentum as our customers move from R&D and pilot machines to our complex large-scale production systems with significantly higher Average Selling Prices (ASP). We remain exci ...

Provides Sales Guidance for Second Quarter of Fiscal 2025 and Anticipates Continued Sales Growth for Fiscal 2025 First Quarter FY2025 Financial Highlights: "Sono-Tek began its fiscal year with strong sales momentum and is looking forward to an excellent year with increasing orders in green energy systems combined with strength in the medical device coating market and the semiconductor/electronics markets. We are aggressively moving forward with full production systems with the potential for multiple repeat ...

Sono-Tek Corporation (NASDAQ:SOTK) Q4 2024 Results Conference Call May 23, 2024 9:30 AM ET Company Participants Kirin Smith - PCG Advisory Dr. Chris Coccio - Chairman, Chief Executive Officer Steve Harshbarger - President, Chief Operating Officer Steve Bagley - Chief Financial Officer Conference Call Participants Bill Nicklin - Circle N Advisors Dick Ryan - Oak Ridge Financial Operator Good day, and welcome to the Sono-Tek Year-end Fiscal Year 2024 Earnings Conference Call. [Operator Instructions]. Please n ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K | | Title of each class | | | Trading Symbol(s) | | on which registered | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Common | Stock $0.01 | par | value | SOTK | The | Nasdaq | Stock | Market | LLC | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year ended: February 29, 2024 Commission File Number: 000-16035 (Name of registrant as specified in its ...

Sono-Tek Corporation (SOTK) came out with quarterly earnings of $0.01 per share, in line with the Zacks Consensus Estimate. This compares to break-even earnings 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 $0.02 per share when it actually produced earnings of $0.04, delivering a surprise of 100%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. SonoTek, which belongs ...

Financial Performance - Record net sales for fiscal year 2024 increased 31% to $19.7 million from $15.1 million in the prior year[4] - Net income increased 127% year over year to $1.4 million compared to $636,000 in fiscal year 2023[4] - Gross profit increased 29% to $9.8 million, with a slight decrease in gross profit margin from 50.8% to 50%[4] - Operating income rose 73% to $1.2 million, with an operating margin of 6% compared to 4.54% in the prior fiscal year[4] - Net sales for the fiscal year ended February 29, 2024, increased by 31% to $19,699,886 compared to $15,058,203 for the fiscal year ended February 28, 2023[36] - Gross profit rose to $9,844,575, representing a gross margin of approximately 50% for the fiscal year 2024, up from $7,652,007 in 2023[36] - Operating income increased to $1,182,485, a growth of 73% from $682,991 in the previous year[36] - Net income for the fiscal year 2024 was $1,441,463, compared to $635,905 in 2023, reflecting a growth of 127%[36] Market Performance - Multi-Axis Coating systems sales increased 48% to $10.1 million, driven by demand in the clean energy sector[9] - Sales to the Alternative/Clean Energy market grew 96% in fiscal year 2024, reflecting a shift to production scale systems[11] - Multi-axis coating systems sales grew by 48% to $10,075,000, accounting for 51% of total sales in 2024[40] - Sales in the alternative energy market surged by 96% to $5,997,000, representing 30% of total sales[41] Financial Position - Backlog at fiscal year-end reached a record high of $9.1 million, a 7% increase year over year[4] - Cash, cash equivalents, and marketable securities increased to $11.8 million, maintaining a debt-free status[23] - Total assets increased to $23,132,265 as of February 29, 2024, up from $20,174,718 in 2023[34] - Stockholders' equity rose to $16,278,998, reflecting an increase of 11% from $14,633,958 in the previous year[34] - Cash and cash equivalents decreased to $2,134,786 from $3,354,601, indicating a decrease of 36% year-over-year[38] Future Outlook - The company expects first quarter fiscal year 2025 revenue growth above 30% and projects 8% to 10% year-over-year revenue growth for fiscal year 2025[4] Capital Expenditures - Capital expenditures for fiscal year 2024 amounted to $0.8 million, with significant investments in IT infrastructure and facility expansion[24] Research and Development - Research and product development expenses rose to $2,885,773, an increase of 34% from $2,149,525 in the previous year[36]

Sono-Tek Announces Fiscal Year 2024 Results with Record-Breaking Revenue and Record YOY Backlog – Record net sales for fiscal year 2024 increased 31% – -Backlog Increased to Year-over-Year Record High – -Conference Call Thursday, May 23, 2024 at 9:30am EST – MILTON, NY, May 23, 2024 – Sono-Tek Corporation (NASDAQ: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its fourth quarter and fiscal year 2024, ended February 29, 2024 ("fiscal year 202 ...

Sono-Tek Announces Fiscal Year 2024 Results with Record-Breaking Revenue and Record YOY Backlog – Record net sales for fiscal year 2024 increased 31% – -Backlog Increased to Year-over-Year Record High – -Conference Call Thursday, May 23, 2024 at 9:30am EST – MILTON, NY, May 23, 2024 – Sono-Tek Corporation (NASDAQ: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its fourth quarter and fiscal year 2024, ended February 29, 2024 ("fiscal year 202 ...

Sono-Tek Corporation is the leading developer and manufacturer of ultrasonic coating systems for applying precise, thin film coatings to protect, strengthen or smooth surfaces on parts and components for the microelectronics/electronics, alternative energy, medical and industrial markets, including specialized glass applications in construction and automotive. MILTON, N.Y., May 20, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ: SOTK), the leading developer and manufacturer of ultrasonic coating syst ...

Conference Call Dial-in Information To participate, please call 1-844-481-2752 at least 10 minutes prior to the start of the call and ask to join the Sono-Tek call. Webcast Information A simultaneous webcast of the call may be accessed through the Company's website, Events & Presentations | Sono-Tek, or at https://event.choruscall.com/mediaframe/webcast.html?webcastid=Msi7H3Uz MILTON, N.Y., May 20, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ: SOTK), the leading developer and manufacturer of ultras ...