Sono Tek Corp Stock Price, News & Analysis

Sono-Tek Corporation (SOTK) has secured a significant $1.12 million order from a long-standing global medical diagnostics customer for a high-volume ultrasonic coating system. This order represents a major upgrade from previous mid-size systems ($110,000-$150,000 each) purchased by the same customer over their decade-long partnership. The new advanced automation platform will be installed at the customer's U.S. facility within a year, designed to enable scalable production of diagnostic consumables with reduced operator intervention. CEO Steve Harshbarger emphasized this order demonstrates their successful strategy of transitioning customers from R&D machines to complex large-scale production systems with higher Average Selling Prices.

Sono-Tek Corporation (NASDAQ: SOTK) reported strong financial results for FY2025. The company achieved record-high annual revenue of $20.5 million, up 4% from FY2024, marking its fourth consecutive quarter above $5 million in revenue. However, gross profit decreased 1% to $9.74 million, with margins declining to 47.5% from 50%. Net income was $1.3 million, down from $1.4 million in FY2024. The company maintains a strong backlog of $8.67 million and projects continued growth in H1 FY2026. Notable highlights include a 64% increase in Alternative/Clean Energy sales and US/Canada sales growth of 15%. The company's balance sheet remains solid with $11.9 million in cash and no debt. However, management noted limited visibility beyond H1 FY2026 due to uncertainties in clean energy incentives and tariff policies.

Sono-Tek Corporation (NASDAQ: SOTK), a leading developer and manufacturer of ultrasonic coating systems, has scheduled a conference call to discuss its fiscal fourth quarter and full year 2025 financial results for the period ended February 28, 2025. The call will take place on Wednesday, May 28, 2025, at 11:00 am ET.

The company will release its financial results press release before the market opens on May 28. Investors can participate by dialing 1-844-481-2752 or 1-412-317-0668. A simultaneous webcast will be available through the company's website, and a replay will be accessible until June 4, 2025.

Sono-Tek (Nasdaq: SOTK), a leading developer and manufacturer of ultrasonic coating systems, has announced its participation in the Planet MicroCap Showcase: VEGAS 2025. The event will feature a presentation by Executive Chairman Dr. Christopher L. Coccio and CEO & President Steve Harshbarger on Wednesday, April 23, 2025, at 1:30 PM ET.

The company will conduct 1x1 investor meetings on Thursday, April 24, 2025, at the Paris Hotel & Casino in Las Vegas. The presentation will be available via webcast, and interested parties can register for both the presentation and individual meetings through the conference platform.

Sono-Tek (NASDAQ: SOTK), a developer and manufacturer of ultrasonic coating systems, has promoted Chris Cichetti to the position of Chief Operating Officer (COO). Cichetti, who joined the company in 2005 as an Electrical Engineer, has served in various key roles including Senior Application Engineer and most recently as Vice President of Sales & Applications Engineering.

During his nearly two-decade tenure, Cichetti established the Applications Engineering Department, which has become one of Sono-Tek's largest departments, and led the development of laboratory testing facilities and process development capabilities. In his new role as COO, he will oversee engineering, manufacturing, and IT operations, while maintaining his existing responsibilities in sales and marketing, service, and applications engineering.

Sono-Tek (SOTK) reported financial results for Q3 FY2025, with net sales of $5.19 million, down 9% from $5.69 million in Q3 FY2024. The company achieved record first nine months revenue of $15.4 million, up 3% year-over-year.

Key highlights include: Alternative/Clean Energy market sales grew 42% to $3.0 million; Multi-Axis Coating systems sales increased 20% to $3.56 million; gross profit margin declined to 45% from 51%; operating income decreased 73% to $198,000. The company maintains a strong backlog of $10.6 million and projects record revenue of over $20 million for FY2025.

Financial position remains solid with $12.7 million in cash and no debt. The company continues to focus on growth through high-ASP production systems and expects continued profitability.

Sono-Tek (Nasdaq:SOTK), a leader in ultrasonic coating systems, has announced its participation in the upcoming Virtual Investor Summit Microcap Event on November 21st, 2024. The company will deliver a formal presentation from 1:30 PM to 2:00 PM ET and will be available for one-on-one meetings throughout the day.

The event features 40 micro-cap companies with catalysts and/or strong market performance. It includes live Q&A sessions and is complimentary for qualified investors, who can register through the provided link. The presentation will be accessible via webcast.

Sono-Tek (SOTK) has announced a $2.0 million share repurchase program of its outstanding common stock. The company plans to fund the buyback through existing cash and future cash flows, with approximately $11.6 million in cash, cash equivalents, and marketable securities as of August 31, 2024. The program will be executed through open market purchases or other means via Rule 10b-18, with timing and volume at the company's discretion. Sono-Tek has 15,751,000 shares outstanding and maintains a debt-free balance sheet.

Sono-Tek (Nasdaq: SOTK), a leading developer and manufacturer of ultrasonic coating systems, announced its participation in Spartan Capital Securities' inaugural investor conference. The event will take place on November 4th at the Pierre Hotel in New York. CEO & President Steve Harshbarger will deliver a presentation at 2:20 PM ET. Interested investors can register for one-on-one meetings through Spartan Capital's conference page.