Sono-Tek Sales Grew 5% to $2.82 million in First Quarter Fiscal 2020 with Continued Record Backlog
Sono-Tek Corporation (SOTK)
NASDAQ:AMEX Investor Relations:
sono-tek.com/investor-relations
Company Research
Source: PR Newswire
MILTON, N.Y., July 15, 2019 /PRNewswire/ -- Sono-Tek Corporation (OTCQX: SOTK) the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its first quarter ended May 31, 2019 ("fiscal 2020")."The first quarter of FY2020 showed the expected 5% revenue growth, along with a profitable bottom line. More importantly, we continued to invest in upfront resources in Sales and Marketing, which includes Application Engineering personnel. Application Engineering has become an essential element in our growth strategy of pursuing larger, more complex ultrasonic coating systems. These orders increase our average revenue per order. We experienced significant growth in larger Multi-Axis coating systems this quarter, along with increases in orders of Fluxing Systems and Integrated Coating Systems. We also experienced large increases in the Electronics/Microelectronics, Alternative Energy, and Emerging R&D market areas. Globally, we had increases in the
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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