Sono-Tek Announces Preliminary Revenue for Fiscal 2020 of $15.4 Million, 32% Year-over-Year Increase and Provides First Quarter 2021 Revenue Guidance
Sono-Tek Corporation (SOTK)
NASDAQ:AMEX Investor Relations:
sono-tek.com/investor-relations
Company Research
Source: GlobeNewswire
Preliminary Net Income is Expected to Reach ~$1.0 Million, a 5-Fold Increase MILTON, NY, March 24, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced preliminary financial results for the fiscal year ended February 29, 2020. Preliminary sales for the twelve months ended February 29, 2020 were approximately $15.4 million, compared to sales of $11.6 million for the previous fiscal year, an increase of approximately $3.8 million or 32%. The Company’s preliminary net income is expected to reach approximately $1.0 million for the 2020 fiscal year compared to $0.16 million reported for the fiscal year ended February 28, 2019, a five-fold increase. Dr. Christopher L. Coccio, Sono-Tek’s Chairman and CEO, commented, “During fiscal year 2020 Sono-Tek reported positive year-over-year gains in all quarters, with very strong sales in the fourth quarter as well. The large sales
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Earnings
- 10/15/24 - In-Line
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Analyst Actions
- 10/16/24 - Northland Securities
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Sec Filings
- 12/16/24 - Form SCHEDULE
- 11/8/24 - Form 4
- 11/4/24 - Form 8-K
- SOTK's page on the SEC website