Sono-Tek Announces Fiscal Year 2024 Results with Record-Breaking Revenue and Record YOY Backlog [Yahoo! Finance]
Sono-Tek Corporation (SOTK)
NASDAQ:AMEX Investor Relations:
sono-tek.com/investor-relations
Company Research
Source: Yahoo! Finance
systems, today reported financial results for its fourth quarter and fiscal year 2024, ended February 29, 2024 (“fiscal year 2024”). Fiscal Year 2024 Highlights Backlog at fiscal year-end on February 29, 2024, was $9.1 million, a 7% increase year over year, continuing a trend of strong backlog growth. Record net sales for fiscal year 2024 increased 31% to $19.7 million from $15.1 million in the prior year. Gross profit increased 29% to $9.8 million for fiscal year 2024 compared with $7.7 million for fiscal year 2023. The gross profit margin decreased slightly from 50.8% to 50% compared to the previous fiscal year due to product mix changes and recharacterization of expenses associated with evolving workforce roles, as successful development initiatives transition toward mainstream manufacturing. Operating income increased 73% to $1.2 million compared with $683k in fiscal year 2023, due to increased gross profit offset by an increase in operating expenses. Net income was $1
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News
- Sono-Tek Announces Fiscal Year 2024 Results with Record-Breaking Revenue and Record YOY BacklogGlobeNewswire
- Sono-Tek Announces Year-End FY 2024 Earnings Conference CallGlobeNewswire
- Sono-Tek (NASDAQ:SOTK) shareholders have earned a 13% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Sono-Tek Announces Preliminary Net Sales for Q4 and FY2024 and Provides Preliminary Sales Guidance for Q1 FY2025 and FY2025 [Yahoo! Finance]Yahoo! Finance
- Sono-Tek Announces Preliminary Net Sales for Q4 and FY2024 and Provides Preliminary Sales Guidance for Q1 FY2025 and FY2025GlobeNewswire
SOTK
Earnings
- 1/16/24 - Beat
SOTK
Sec Filings
- 5/30/24 - Form SD
- 5/23/24 - Form 10-K
- 5/23/24 - Form 8-K
- SOTK's page on the SEC website