Welcome to our dedicated page for Sono Tek news (Ticker: SOTK), a resource for investors and traders seeking the latest updates and insights on Sono Tek stock.
Sono-Tek Corporation (NASDAQ: SOTK), a pioneer in ultrasonic coating systems since 1975, maintains this dedicated news hub for investors and industry professionals. Access verified press releases and financial updates covering the company’s advancements in precision thin-film deposition technology across medical devices, clean energy solutions, and semiconductor manufacturing.
This resource consolidates essential updates including quarterly earnings reports, product launch announcements, strategic partnerships, and operational developments. Discover how Sono-Tek’s ultrasonic spray systems enable material-efficient coatings for next-generation solar cells, medical implants, and microelectronics production.
Key content categories include regulatory filings, technology patents, manufacturing expansions, and executive leadership updates. All materials are sourced directly from company communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to SOTK’s latest business developments. Combine these primary sources with market analysis tools for comprehensive investment research into ultrasonic coating applications and industrial manufacturing trends.
Sono-Tek (Nasdaq: SOTK) reported a significant financial upturn for Q1 of FY2025, ending May 31, 2024. Net sales surged by 40% to $5.03 million, driven by demand in Medical and Alternative/Clean Energy markets. Gross profit increased by 38% to $2.45 million. The company transitioned from an operating loss to an operating income of $238,000. Net income skyrocketed by 525% to $331,000, or $0.02 per share. Despite a slight decrease in gross margin to 48.8%, the company’s cash reserves grew to $12.2 million with no outstanding debt. Equipment and service backlog decreased by 16% to $7.83 million. Sono-Tek projects a 2%-5% sales growth for Q2 FY2025 and continued growth for the entire fiscal year.
Sono-Tek (NASDAQ: SOTK) reported record-breaking financial results for fiscal year 2024, ending February 29, 2024. Key highlights include a 31% increase in net sales to $19.7 million and a 29% rise in gross profit to $9.8 million. Operating income surged by 73% to $1.2 million, while net income more than doubled to $1.4 million. The backlog at year-end rose 7% to $9.1 million. The company remains debt-free with cash and equivalents totaling $11.8 million. For fiscal year 2025, Sono-Tek projects revenue growth of 8% to 10%. Strong demand continues in key markets like microelectronics, clean energy, and medical devices.
Sono-Tek (NASDAQ: SOTK), a leading developer and manufacturer of ultrasonic coating systems, will hold a conference call to discuss its year-end fiscal year 2024 financial results on May 23, 2024, at 9:30 am ET.
The financial results, covering the period ending February 29, 2024, will be issued prior to the market opening on the same day.
Interested parties can dial 1-844-481-2752 to participate in the call or access the webcast on the company's website. A replay will be available through May 30, 2024, via phone or on the company's website for one year.
FAQ
What is the current stock price of Sono Tek (SOTK)?
What is the market cap of Sono Tek (SOTK)?
