Sono-Tek Reports Record Sales and Backlog for Third Quarter Fiscal 2020
Sono-Tek Corporation (SOTK)
NASDAQ:AMEX Investor Relations:
sono-tek.com/investor-relations
Company Research
Source: GlobeNewswire
MILTON, N.Y., Jan. 14, 2020 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its fiscal 2020 third quarter and year-to-date period ended November 30, 2019. Third Quarter Fiscal 2020 Financial Highlights: Another Record Breaking Quarter for Sales of $3.67 million, a 16% increase compared to third quarter FY2019Record high backlog of $5.40 millionGross margin of 48.9% compared to 41.0% in third quarter FY2019, a 790 basis point expansionNet income of $280,000 versus $20,000 in third quarter FY2019, a 14-fold increaseSales Growth Guidance for FY2020 remains at 15% – 25% annual increase Dr. Christopher L. Coccio, Chairman and CEO, commented, “For the third quarter, Sono-Tek reported another record breaking quarter and achieved new highs in sales, backlog, margins and net income. These gains stem from the strategic shift in our business model that w
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- Sono-Tek to Present at the Virtual Investor Summit Microcap Event on November 21st [Yahoo! Finance]Yahoo! Finance
- Sono-Tek to Present at the Virtual Investor Summit Microcap Event on November 21stAccesswire
- Sono-Tek Announces Share BuybackGlobeNewswire
- Sono-Tek Announces Participation at The Spartan Capital Investor ConferenceGlobeNewswire
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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
- 11/8/24 - Form 4
- 11/4/24 - Form 8-K
- 10/16/24 - Form S-8
- SOTK's page on the SEC website