Sono-Tek Reports First Quarter FY 2026 Financial Results
Sono-Tek (NASDAQ:SOTK), a leading ultrasonic coating systems manufacturer, reported strong Q1 FY2026 financial results. The company achieved its fifth consecutive quarter with revenue above $5 million, reporting net sales of $5.13 million, up 2% year-over-year.
Key highlights include a 103% increase in operating income to $483,000, gross margin expansion to 52% from 49%, and a 47% rise in net income to $485,000. The results were driven by a significant $2.95 million order in the advanced solar market and strong US/Canada sales, which increased 15% year-over-year.
While expecting continued growth in H1 FY2026, Sono-Tek maintains a cautious full-year outlook, projecting flat revenue growth due to uncertainty around clean energy incentives and tariff policies. The company holds a strong balance sheet with $10.9 million in cash and zero debt.
Sono-Tek (NASDAQ:SOTK), produttore leader di sistemi di rivestimento a ultrasuoni, ha riportato solidi risultati finanziari per il primo trimestre dell'anno fiscale 2026. L'azienda ha raggiunto il quinto trimestre consecutivo con ricavi superiori a 5 milioni di dollari, registrando vendite nette per 5,13 milioni di dollari, in crescita del 2% rispetto all'anno precedente.
I punti salienti includono un aumento del 103% dell'utile operativo a 483.000 dollari, un margine lordo in aumento al 52% rispetto al 49%, e un incremento del 47% dell'utile netto a 485.000 dollari. I risultati sono stati trainati da un significativo ordine da 2,95 milioni di dollari nel mercato avanzato del solare e da forti vendite negli Stati Uniti e in Canada, cresciute del 15% su base annua.
Pur prevedendo una crescita continua nella prima metà dell'anno fiscale 2026, Sono-Tek mantiene una prospettiva prudente per l'intero anno, prevedendo una crescita dei ricavi stabile a causa delle incertezze legate agli incentivi per l'energia pulita e alle politiche tariffarie. L'azienda dispone di un bilancio solido con 10,9 milioni di dollari in liquidità e nessun debito.
Sono-Tek (NASDAQ:SOTK), fabricante líder de sistemas de recubrimiento ultrasónico, reportó sólidos resultados financieros del primer trimestre del año fiscal 2026. La compañía alcanzó su quinto trimestre consecutivo con ingresos superiores a 5 millones de dólares, reportando ventas netas de 5.13 millones de dólares, un aumento del 2% interanual.
Los aspectos destacados incluyen un aumento del 103% en el ingreso operativo hasta 483,000 dólares, una expansión del margen bruto al 52% desde el 49%, y un incremento del 47% en el ingreso neto hasta 485,000 dólares. Los resultados fueron impulsados por un importante pedido de 2.95 millones de dólares en el mercado avanzado de energía solar y fuertes ventas en EE.UU. y Canadá, que crecieron un 15% interanual.
Aunque se espera un crecimiento continuo en la primera mitad del año fiscal 2026, Sono-Tek mantiene una perspectiva cautelosa para todo el año, proyectando un crecimiento estable de ingresos debido a la incertidumbre en torno a los incentivos de energía limpia y las políticas arancelarias. La compañía cuenta con un balance sólido con 10.9 millones de dólares en efectivo y sin deuda.
Sono-Tek (NASDAQ:SOTK), 초음파 코팅 시스템 분야의 선도 제조업체가 2026 회계연도 1분기 재무 실적을 발표했습니다. 회사는 5백만 달러 이상의 매출을 기록한 5분기 연속을 달성하며, 순매출 5.13백만 달러로 전년 대비 2% 증가했습니다.
주요 내용으로는 영업이익 103% 증가하여 483,000달러를 기록했고, 총이익률이 49%에서 52%로 확대되었으며, 순이익은 47% 증가하여 485,000달러를 기록했습니다. 이러한 성과는 첨단 태양광 시장에서의 2.95백만 달러 규모 주문과 미국 및 캐나다에서의 강력한 매출(전년 대비 15% 증가)에 힘입은 결과입니다.
Sono-Tek은 2026 회계연도 상반기에는 지속적인 성장을 기대하지만, 청정 에너지 인센티브 및 관세 정책에 대한 불확실성으로 인해 연간 매출은 보합세를 예상하며 신중한 전망을 유지하고 있습니다. 회사는 1,090만 달러의 현금 보유와 무부채 상태의 견고한 재무구조를 가지고 있습니다.
Sono-Tek (NASDAQ:SOTK), fabricant leader de systèmes de revêtement ultrasonique, a annoncé de solides résultats financiers pour le premier trimestre de l’exercice 2026. L’entreprise a enregistré son cinquième trimestre consécutif avec un chiffre d’affaires supérieur à 5 millions de dollars, affichant des ventes nettes de 5,13 millions de dollars, en hausse de 2 % par rapport à l’année précédente.
Les points forts comprennent une augmentation de 103 % du résultat d’exploitation à 483 000 dollars, une amélioration de la marge brute à 52 % contre 49 %, et une hausse de 47 % du résultat net à 485 000 dollars. Ces résultats ont été portés par une commande importante de 2,95 millions de dollars sur le marché avancé du solaire et de solides ventes aux États-Unis et au Canada, en hausse de 15 % sur un an.
Bien que la société anticipe une croissance continue au premier semestre de l’exercice 2026, Sono-Tek adopte une perspective prudente pour l’ensemble de l’année, prévoyant une croissance stable du chiffre d’affaires en raison des incertitudes liées aux incitations pour les énergies propres et aux politiques tarifaires. L’entreprise dispose d’un bilan solide avec 10,9 millions de dollars en liquidités et aucune dette.
Sono-Tek (NASDAQ:SOTK), ein führender Hersteller von Ultraschall-Beschichtungssystemen, meldete starke Finanzergebnisse für das erste Quartal des Geschäftsjahres 2026. Das Unternehmen erreichte das fünfte Quartal in Folge mit einem Umsatz über 5 Millionen US-Dollar und verzeichnete einen Nettoumsatz von 5,13 Millionen US-Dollar, was einem Anstieg von 2 % gegenüber dem Vorjahr entspricht.
Wichtige Highlights sind ein 103%iger Anstieg des Betriebsergebnisses auf 483.000 US-Dollar, eine Steigerung der Bruttomarge auf 52% von zuvor 49% sowie ein 47%iger Anstieg des Nettogewinns auf 485.000 US-Dollar. Die Ergebnisse wurden durch einen bedeutenden Auftrag über 2,95 Millionen US-Dollar im fortschrittlichen Solarmarkt und starke Verkäufe in den USA und Kanada angetrieben, die um 15 % im Jahresvergleich zunahmen.
Obwohl für das erste Halbjahr des Geschäftsjahres 2026 weiteres Wachstum erwartet wird, bleibt Sono-Tek hinsichtlich des Gesamtjahresausblicks vorsichtig und prognostiziert aufgrund von Unsicherheiten bei Anreizen für saubere Energie und Zollpolitik ein stagnierendes Umsatzwachstum. Das Unternehmen verfügt über eine starke Bilanz mit 10,9 Millionen US-Dollar in bar und keiner Verschuldung.
- Fifth consecutive quarter with revenue above $5 million, reaching $5.13 million
- Operating income increased 103% to $483,000 year-over-year
- Gross margin expanded to 52% from 49% due to favorable product mix
- Net income grew 47% to $485,000
- Strong balance sheet with $10.9 million cash and zero debt
- Secured significant $2.95 million order in advanced solar market
- US/Canada sales increased 15% year-over-year
- Full-year outlook projects flat revenue growth
- Multi-Axis Coating Systems sales declined 75% to $677,000
- Electronics market sales decreased 40% year-over-year
- Cash position decreased from $11.9 million to $10.9 million since prior year-end
- Uncertainty around government clean energy incentives and tariff policies may affect future orders
Insights
Sono-Tek delivered strong Q1 with 52% margins and 103% operating income growth, though cautioning about potential policy headwinds affecting full-year growth.
Sono-Tek has maintained its momentum with a fifth consecutive quarter exceeding
Gross margin expansion to
The company's growth story centers around its pivot to higher-value complex systems. The
Despite the strong quarter, management's cautious full-year outlook merits attention. The projected flat revenue growth reflects potential vulnerability to policy shifts affecting clean energy incentives and tariffs. This caution is already manifesting in the
The
The divergence between market segments is telling—Alternative/Clean Energy rose
- Reports Fifth Consecutive Quarter of Revenue above
- Gross Margins Expand to
- Expects Continued Revenue Growth and Profitability in First Half of FY 2026; Full-Year Revenue Outlook Reflects Measured Expectations Given Potential Customer Response to Policy Shifts in Recently Enacted Budget Legislation
MILTON, N.Y., July 10, 2025 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for the first quarter of fiscal year 2026, ended May 31, 2025.
Dr. Christopher L. Coccio, Executive Chairman, stated, “We are pleased with the solid start to this fiscal year with the continuing trend of
Steve Harshbarger, CEO & President of Sono-Tek stated, “Our growth strategies and initiatives continue to take hold as our customers move into complex large-scale production systems with significantly higher average selling prices “ASPs”. We are proud to report our fifth quarter in a row of revenue over
First Quarter Fiscal Year 2026 Highlights
- Net Sales:
$5.13 million , up2% from$5.03 million in the first quarter of fiscal year 2025, driven by strong shipments to the Alternative/Clean Energy Market. This marks the fifth consecutive quarter in a row with sales over$5 million . - Gross Profit:
$2.7 million , up9% from the prior year first quarter of$2.5 million . Gross margin increased to52% from49% , mainly due to a favorable product mix, including a repeat high ASP order with well-optimized production costs, and a concentration of shipments to the U.S., where sales typically involve minimal distributor discounts and lower commission expenses, helping to enhance margin performance. - Operating Income: Increased
103% to$483 thousand compared to$238 thousand in the first quarter of fiscal year 2025, due to an increase in gross profit combined with lower operating expenses. - Net Income: Increased
47% to$485 thousand , up from$331 thousand in the first quarter of fiscal year 2025, reflecting a combination of higher gross profit and lower operating expenses. - Other Income: Interest and dividend income remained steady at
$142 thousand for the first quarter of fiscal years 2026 and 2025.
FY 2026 Guidance
- Continued revenue growth and strong profitability are expected for the first half of the fiscal year ending February 28, 2026, fueled by shipments from Sono-Tek’s backlog, projected new and recurring orders, and ongoing strength in key markets such as medical devices. At May 31, 2025, equipment and service-related backlog totaled
$7.5 million , providing a stable baseline of near-term demand. However, for the full fiscal year, we anticipate relatively flat revenue growth, reflecting a cautious outlook as the market adjusts to recent shifts in governmental clean energy and tariff policies, the full impact of which on customer demand and order timing remains unclear.
First Quarter Fiscal Year 2026 Product and Market Sales Overview
- Geography: US/Canada sales increased
15% y-o-y, up$452 thousand , driven by a shipment to the advanced solar market with a high ASP totaling$2.95 million . - Product Categories: Integrated Coating Systems sales increased
$2.31 million , or309% , to$3.05 million , primarily driven by a repeat order totaling$2.95 million for four high ASP systems shipped to the clean energy sector for an advanced solar application. Multi-Axis Coating Systems declined$1.99 million , or75% , to$677,000 due to decreased North American sales tied to reduced R&D funding in the clean energy sector following shifts in government policy. - End Markets: Alternative/Clean Energy rose
42% y-o-y, up$966 thousand , driven by production-scale system shipments to the solar market, including 1 high ASP order delivery totaling$2.95 million . The Electronics market declined40% y-o-y, down$624 thousand influenced by the strong prior year quarter’s inclusion of the sale of a new semiconductor wafer handler system of$370 thousand that did not repeat.
Balance Sheet and Cash Flow Overview
- At May 31, 2025, cash, cash equivalents and marketable securities totaled
$10.9 million compared to$11.9 million at the prior year-end. - At May 31, 2025, Sono-Tek had no debt on its balance sheet and stockholders’ equity was
$18.3 million . - Capital expenditures in the first quarter of fiscal year 2026 were
$52,000 , which were invested in ongoing upgrades to our manufacturing facilities.
About Sono-Tek
Sono-Tek Corporation is a global leader in the design and manufacture of ultrasonic coating systems that are shaping industries and driving innovation worldwide. Our ultrasonic coating systems are used to apply thin films onto parts used in diverse industries including microelectronics, alternative energy, medical devices, advanced industrial manufacturing, and research and development sectors worldwide. Sono-Tek's inroads into the clean energy sector are showing transformative results in next-gen solar cells, fuel cells, green hydrogen generation, and carbon capture applications.
Our product line is rapidly evolving, transitioning from R&D to high-volume production machines with significantly higher average selling prices, showcasing our market leadership and adaptability. Our comprehensive suite of thin film coating solutions and application consulting services are expected to generate unparalleled results for our clients and help some of the world's most promising companies achieve technological breakthroughs and bring them to the market. The Company strategically delivers its products to customers through a network of direct sales personnel, carefully chosen independent distributors, and experienced sales representatives, ensuring efficient market reach across diverse sectors around the globe.
The Company’s solutions are environmentally friendly, efficient and highly reliable, and enable dramatic reductions in overspray, savings in raw material, water and energy usage and provide improved process repeatability, transfer efficiency, high uniformity and reduced emissions.
Sono-Tek’s growth strategy is focused on leveraging its innovative technologies, proprietary know-how, unique talent and experience, and global reach to further develop thin film coating technologies that enable better outcomes for its customers’ products and processes. For further information, visit www.sono-tek.com.
Safe Harbor Statement
This news release contains forward looking statements regarding future events and the future performance of Sono-Tek Corporation that involve risks and uncertainties that could cause actual results to differ materially. These “forward-looking statements” are based on currently available competitive, financial and economic data and our operating plans. They are inherently uncertain, and investors must recognize that events could turn out to be significantly different from our expectations and could cause actual results to differ materially. These factors include, among other considerations, general economic and business conditions; political, regulatory, tax, competitive and technological developments affecting our operations or the demand for our products; inflationary and supply chain pressures; fluctuations in U.S. tariff policies; limiting or elimination of governmental clean energy incentives; the recovery of the Electronics/Microelectronics and Medical markets; rebound of sales to the industrial market in the second quarter of fiscal year 2026; maintenance of increased order backlog; timely development and market acceptance of new products and continued customer validation of our coating technologies; adequacy of financing; capacity additions, the ability to enforce patents; maintenance of operating leverage; consummation of order proposals; completion of large orders on schedule and on budget; continued sales growth in the medical and alternative energy markets; successful transition from primarily selling ultrasonic nozzles and components to a more complex business providing complete machine solutions and higher value subsystems which are sold at higher average selling prices; and realization of quarterly and first-half revenues and profitability within the forecasted range of guidance.
For more information:
Sono-Tek Corp.
Stephen J. Bagley
Chief Financial Officer
Ph: (845) 795-2020
info@sono-tek.com
Investor Relations
Kirin Smith
PCG Advisory, Inc.
ksmith@pcgadvisory.com
FINANCIAL TABLES FOLLOW
| SONO-TEK CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
| May 31, 2025 | February 28, | |||||||
| (Unaudited) | 2025 | |||||||
| ASSETS | ||||||||
| Current Assets: | ||||||||
| Cash and cash equivalents | $ | 4,863,039 | $ | 5,202,361 | ||||
| Marketable securities | 5,991,056 | 6,727,678 | ||||||
| Accounts receivable (less allowance of | 3,096,680 | 2,347,764 | ||||||
| Inventories | 4,749,331 | 4,474,401 | ||||||
| Prepaid expenses and other current assets | 266,823 | 236,261 | ||||||
| Total current assets | 18,966,929 | 18,988,465 | ||||||
| Land | 250,000 | 250,000 | ||||||
| Buildings, equipment, furnishings and leasehold improvements, net | 2,511,141 | 2,610,600 | ||||||
| Intangible assets, net | 35,371 | 37,386 | ||||||
| Deferred tax asset | 1,658,882 | 1,525,185 | ||||||
| TOTAL ASSETS | $ | 23,422,323 | $ | 23,411,636 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current Liabilities: | ||||||||
| Accounts payable | $ | 700,472 | $ | 859,483 | ||||
| Accrued expenses | 1,848,018 | 1,718,574 | ||||||
| Customer deposits | 2,289,844 | 2,413,195 | ||||||
| Income taxes payable | 188,650 | 496,055 | ||||||
| Total current liabilities | 5,026,984 | 5,487,307 | ||||||
| Deferred tax liability | 122,475 | 132,134 | ||||||
| Total liabilities | 5,149,459 | 5,619,441 | ||||||
| Commitments and Contingencies (Note 10) | - | - | ||||||
| Stockholders’ Equity | ||||||||
| Common stock, $.01 par value; 25,000,000 shares authorized, 15,751,153 issued and 15,727,702 outstanding as of May 31, 2025 and 15,751,153 issued and 15,749,037 outstanding as of February 28, 2025 | 157,512 | 157,512 | ||||||
| Additional paid-in capital | 10,093,197 | 10,018,034 | ||||||
| Accumulated earnings | 8,109,501 | 7,624,516 | ||||||
| Treasury stock, at cost, 23,451 shares and 2,116 shares, May 31, 2025 and February 28, 2025, respectively | (87,346 | ) | (7,867 | ) | ||||
| Total stockholders’ equity | 18,272,864 | 17,792,195 | ||||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 23,422,323 | $ | 23,411,636 | ||||
| See notes to unaudited condensed consolidated financial statements. | ||||||||
| SONO-TEK CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) | ||||||||
| Three Months Ended May 31, | ||||||||
| 2025 | 2024 | |||||||
| Net Sales | $ | 5,132,773 | $ | 5,031,038 | ||||
| Cost of Goods Sold | 2,468,259 | 2,576,551 | ||||||
| Gross Profit | 2,664,514 | 2,454,487 | ||||||
| Operating Expenses | ||||||||
| Research and product development costs | 668,470 | 731,430 | ||||||
| Marketing and selling expenses | 858,151 | 897,190 | ||||||
| General and administrative costs | 654,525 | 587,571 | ||||||
| Total Operating Expenses | 2,181,146 | 2,216,191 | ||||||
| Operating Income | 483,368 | 238,296 | ||||||
| Interest and Dividend Income | 142,098 | 142,654 | ||||||
| Net unrealized (loss)/gain on marketable securities | (21,923 | ) | 10,361 | |||||
| Income Before Income Taxes | 603,543 | 391,311 | ||||||
| Income Tax Expense | 118,558 | 60,474 | ||||||
| Net Income | $ | 484,985 | $ | 330,837 | ||||
| Basic Earnings Per Share | $ | 0.03 | $ | 0.02 | ||||
| Diluted Earnings Per Share | $ | 0.03 | $ | 0.02 | ||||
| Weighted Average Shares - Basic | 15,733,955 | 15,750,880 | ||||||
| Weighted Average Shares - Diluted | 15,748,556 | 15,774,376 | ||||||
| See notes to unaudited condensed consolidated financial statements. | ||||||||
| SONO-TEK CORPORATION PRODUCT, MARKET, AND GEOGRAPHIC SALES (Unaudited) | |||||||||||||||||||||
| Product Sales: | |||||||||||||||||||||
| Three Months Ended May 31, | Change | ||||||||||||||||||||
| 2025 | % of total | 2024 | % of total | $ | % | ||||||||||||||||
| Fluxing Systems | $ | 152,000 | 3 | % | $ | 134,000 | 2 | % | 18,000 | 13 | % | ||||||||||
| Integrated Coating Systems | 3,054,000 | 59 | % | 747,000 | 15 | % | 2,307,000 | 309 | % | ||||||||||||
| Multi-Axis Coating Systems | 677,000 | 13 | % | 2,664,000 | 53 | % | (1,987,000 | ) | (75 | %) | |||||||||||
| OEM Systems | 130,000 | 3 | % | 332,000 | 7 | % | (202,000 | ) | (61 | %) | |||||||||||
| Spare Parts, Services and Other | 1,120,000 | 22 | % | 1,154,000 | 23 | % | (34,000 | ) | (3 | %) | |||||||||||
| TOTAL | $ | 5,133,000 | $ | 5,031,000 | $ | 102,000 | 2 | % | |||||||||||||
| Market Sales: | |||||||||||||||||||||
| Three Months Ended May 31, | Change | ||||||||||||||||||||
| 2025 | % of total | 2024 | % of total | $ | % | ||||||||||||||||
| Electronics/Microelectronics | $ | 943,000 | 19 | % | $ | 1,568,000 | 31 | % | (625,000 | ) | (40 | %) | |||||||||
| Medical | 809,000 | 16 | % | 857,000 | 17 | % | (48,000 | ) | (6 | %) | |||||||||||
| Alternative Energy/Clean | 3,248,000 | 63 | % | 2,282,000 | 46 | % | 966,000 | 42 | % | ||||||||||||
| Emerging R&D and Other | 14,000 | 0 | % | 11,000 | 0 | % | 3,000 | 27 | % | ||||||||||||
| Industrial | 119,000 | 2 | % | 313,000 | 6 | % | (194,000 | ) | (62 | %) | |||||||||||
| TOTAL | $ | 5,133,000 | $ | 5,031,000 | $ | 102,000 | 2 | % | |||||||||||||
| Geographic Sales: | ||||||||||||||||
| Three Months Ended | ||||||||||||||||
| May 31, | Change | |||||||||||||||
| 2025 | 2024 | $ | % | |||||||||||||
| U.S. & Canada | $ | 3,543,000 | $ | 3,091,000 | $ | 452,000 | 15 | % | ||||||||
| Asia Pacific (APAC) | 597,000 | 513,000 | 84,000 | 16 | % | |||||||||||
| Europe, Middle East, Asia (EMEA) | 897,000 | 1,245,000 | (348,000 | ) | (28 | % | ) | |||||||||
| Latin America | 96,000 | 182,000 | (86,000 | ) | (47 | % | ) | |||||||||
| TOTAL | $ | 5,133,000 | $ | 5,031,000 | $ | 102,000 | 2 | % | ||||||||
FAQ
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