Sono-Tek Reports Record Quarter Sales of $3.35 million in Second Quarter Fiscal 2020 with Continued Record Backlog and Provides Sales Guidance
Sono-Tek Corporation (SOTK)
NASDAQ:AMEX Investor Relations:
sono-tek.com/investor-relations
Company Research
Source: PR Newswire
MILTON, N.Y., Oct. 14, 2019 /PRNewswire/ -- Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its fiscal 2020 second quarter and year-to-date period ended August 31, 2019.Dr. Christopher L. Coccio, Chairman and CEO commented that "The second quarter of FY2020 showed 19% revenue growth, along with a strong increase in our bottom line. As previously announced, we have initiated expansion of our manufacturing facility and have acquired new machinery to accommodate our continued and anticipated growth. Our strategy to provide customers with a high level of application engineering support, in combination with large complex ultrasonic coating systems, that are often highly customized, continues to gain momentum. These orders increase our average revenue per order compared to less sophisticated systems and individual units, and we are expecting this trend to continue." The Company experienced signif
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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