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Sono-Tek Reports Strong Fiscal Year 2025 Financial Results
Globenewswire· 2025-05-28 11:00
Core Insights - Sono-Tek Corporation reported a record revenue of $20.5 million for FY 2025, marking a 4% increase from $19.7 million in FY 2024, driven by strong demand in the Alternative/Clean Energy market [8][10][31] - The company has maintained a strong backlog of $8.6 million, indicating continued demand for its products [1][8] - The first half of FY 2026 is projected to see continued revenue growth and profitability, particularly in the medical device industry [2][4] Financial Performance - Net Sales for FY 2025 reached $20.5 million, up 4% from FY 2024 [10][28] - Gross Profit was $9.74 million, a slight decrease of 1% from the previous year, with a gross margin of 47.5%, down from 50% [8][10] - Operating Income decreased to $1.01 million, down 14.5% from $1.18 million in FY 2024 [10][28] - Net Income for FY 2025 was approximately $1.3 million, down from $1.4 million in FY 2024 [8][10] Market and Product Insights - The Alternative/Clean Energy market saw a significant increase of 64%, contributing $9.84 million to total sales [15][31] - The medical market experienced a decline of 22%, with sales dropping to $3.25 million [31] - The company is focusing on high average selling price (ASP) orders, which are expected to drive future growth [5][19] Geographic Performance - Sales in the U.S. and Canada increased by 15%, totaling $12.51 million [32] - Sales in the Asia Pacific region decreased by 16%, while sales in Europe, the Middle East, and Asia remained relatively stable with a 2% increase [32] Future Outlook - The company anticipates continued revenue growth and profitability in the first half of FY 2026, supported by a strong backlog and steady demand across key markets [4][9] - Visibility beyond the first half of FY 2026 is limited due to uncertainties regarding governmental clean energy incentives and evolving tariff policies [4][9]
Sono-Tek Announces Fiscal Fourth Quarter and Full Year 2025 Earnings Conference Call
Globenewswire· 2025-05-21 11:00
Conference Call on Wednesday, May 28, 2025 at 11:00 am ET MILTON, N.Y., May 21, 2025 (GLOBE NEWSWIRE) -- 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 fourth quarter and full year 2025 financial results, ended February 28, 2025, on Wednesday, May 28, 2025 at 11:00 am ET. The fourth quarter and full year FY 2025 financial results press release will be issued before t ...