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Sono-Tek Corp. - SOTK STOCK NEWS

Welcome to our dedicated news page for Sono-Tek (Ticker: SOTK), a resource for investors and traders seeking the latest updates and insights on Sono-Tek.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sono-Tek's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sono-Tek's position in the market.

News
Sono-Tek Announces Preliminary Net Sales for Q4 and FY2024 and Provides Preliminary Sales Guidance for Q1 FY2025 and FY2025
Rhea-AI Summary
Sono-Tek (NASDAQ: SOTK) reports a significant increase in net sales for FY2024, reaching ~$19.7 million, a gain of ~31% compared to the previous year. Q4 net sales grew by ~30% YOY, with backlog increasing by ~7% YOY and remaining strong. Strong sales are projected for Q1 FY2025, with an expected increase of approximately 35%-40% year-over-year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.41%
Tags
none
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News
Sono-Tek Welcomes Dr. Adeniyi Lawal to Board of Directors
Rhea-AI Summary
Sono-Tek (SOTK) appoints Dr. Adeniyi Lawal, an expert in chemical energy conversion processes and renewable energy, to its Board of Directors. Dr. Lawal's extensive research experience and knowledge in green energy are expected to provide valuable insights to the company's strategic direction and growth in the renewable energy market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.03%
Tags
management
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News
Sono-Tek to Present at The LD Micro Invitational XIV
Rhea-AI Summary
Sono-Tek (Nasdaq: SOTK) will be presenting at the 14th Annual LD Micro Invitational on April 9, 2024. The event will feature 80 companies presenting in half-hour increments, with Sono-Tek scheduled to present at 8:30 am ET. Dr. Christopher Coccio and Steve Harshbarger will lead the presentation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
conferences
News
Sono-Tek Announces Appointment of Randy A. Copeman to Chief Technologist
Rhea-AI Summary
Sono-Tek Corporation (Nasdaq: SOTK) has appointed Randy A. Copeman as the Chief Technologist, effective immediately. Mr. Copeman has been with the company for 27 years and has been instrumental in developing core technological advancements. He has also been the lead inventor on several significant patents for ultrasonic generator technology and atomization methods. His expertise in ultrasonic atomization and generator technology makes him a valuable addition to the senior management team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
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News
Sono-Tek Reports 59% Increase in Q3 Fiscal 2024 Net Sales to Record $5.7 Million and Provides Sales Guidance for Fiscal Year 2024
Rhea-AI Summary
Sono-Tek Corporation (Nasdaq: SOTK) reported a 59% increase in net sales to a record $5.7 million for the third quarter of fiscal year 2024, with a 60% increase in gross profit to $2.9 million. Operating income increased 600% to $721,000, and the backlog at quarter end remained strong at $10.4 million, a year-over-year increase of 96%. The company expects a 30% revenue growth for the full fiscal year ending February 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.87%
Tags
earnings
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News
Sono-Tek Completes Senior Management Transition
Rhea-AI Summary
Sono-Tek Corporation (NASDAQ: SOTK) announced the completion of a senior management transition, with Dr. Christopher Coccio becoming Executive Chairman and Stephen Harshbarger appointed as CEO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
management
News
Sono-Tek Announces Preliminary Record Revenue with Continued Strong Backlog for Q3 FY2024 and Increases Revenue Guidance for Fiscal Year 2024
Rhea-AI Summary
Sono-Tek Corporation (SOTK) reported a 58% year-over-year sales growth, reaching approximately $5.7 million for the third quarter of fiscal year 2024. The backlog also increased by 68% year-over-year, reaching $10.4 million. The company projects a 30% revenue growth for the fiscal year ending February 29, 2024, driven by strong shipments to the clean energy, medical, and industrial markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.17%
Tags
earnings
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News
Sono-Tek Reports 50% Increase in Q2 Fiscal 2024 Net Sales to Record $5.6 Million and Provides Sales Guidance for Fiscal Year 2024
Rhea-AI Summary
Sono-Tek Corporation reports strong financial results for Q2 and first half of fiscal year 2024. Net sales increased 50% to a record $5,639,000 in Q2. Backlog reached a record $10.7 million. Minimum 25% revenue growth expected for FY2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.1%
Tags
earnings
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News
Sono-Tek Announces Mid-Year FY 2024 Earnings Conference Call
Rhea-AI Summary
Sono-Tek Corporation will hold a conference call on October 12, 2023, to discuss its second quarter and mid-year fiscal 2024 financial results. The financial results press release will be issued before the market opens. A simultaneous webcast of the call will be available on the company's website. A replay of the call will be available through October 19, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
Tags
earnings
News
Sono-Tek to Participate in the Northland Capital Markets Virtual Institutional Investor Conference on Tuesday, September 19, 2023
Rhea-AI Summary
Sono-Tek to participate in Northland Capital Markets Virtual Institutional Investor Conference on September 19, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
Tags
conferences
Stock SOTK logo
Sono-Tek Corp.

Nasdaq:SOTK

SOTK Rankings

#4520 Ranked by Market Cap
#3806 Ranked by Stock Gains
N/A Ranked by Dividends

SOTK Stock Data

70.38M
12.15M
16.34%
47.92%
0.05%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
Link
United States
Milton

About SOTK

founded in 1975 by dr. harvey berger, inventor of the ultrasonic nozzle, sono-tek designs and manufactures precision ultrasonic spray nozzle systems used for thin film coating, spray drying, moisturizing, web coating, fine line and selective coating applications. ultrasonic coating systems are used in energy (fuel cell and solar cell), electronics (pcb fluxing), semiconductor (photoresist coatings), medical device coatings (implantable stents, balloon catheters, blood collection tubes, medical textiles and diagnostic device coatings), glass manufacturing, textiles, industrial, food, and nanotechnology coating applications. our ultrasonic nozzle systems operate by converting high frequency sound waves into mechanical vibrations to create nano to micron think coatings with very high uniformity and excellent transfer efficiency, minimizing overspray of expensive chemistries. the droplets produced by ultrasonic atomization are mathematically defined according to the nozzle's operating fr