Sono-Tek Reports 40% Increase in Sales and 525% Increase in Net Income for First Quarter Fiscal 2025 [Yahoo! Finance]
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Sono-Tek Corporation (SOTK)
NASDAQ:AMEX Investor Relations:
sono-tek.com/investor-relations
Company Research
Source: Yahoo! Finance
MILTON, N.Y., July 11, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its first quarter of fiscal year 2025, ended May 31, 2024. First Quarter FY2025 Financial Highlights: Compared with prior-year period unless otherwise noted Net Sales for the quarter increased 40% to $5,031,000 compared to $3,603,000 in the prior year period, driven by strong shipments to the Medical and Alternative/Clean Energy markets. Gross Profit increased 38% to $2,454,000 compared to $1,777,000 in the prior year period. Operating Income increased $330,000 to $238,000, from an operating loss of $92,000 at May 31, 2023. The increase is due to the current period's increase in gross profit partially offset by an increase in operating expenses. Gross Margin decreased slightly to 48.8% compared to 49.3% in the prior year period due to a realignment of organizational framework that st
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News
- Sono-Tek Corporation's (NASDAQ:SOTK) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock? [Yahoo! Finance]Yahoo! Finance
- Sono-Tek to Present at August 20th Virtual Investor Summit Microcap Event [Yahoo! Finance]Yahoo! Finance
- Sono-Tek to Present at August 20th Virtual Investor Summit Microcap EventGlobeNewswire
- Sono-Tek Announces Additional $2.95 Million Order from Specialty Clean Energy CustomerGlobeNewswire
- Sono-Tek Announces Largest Order in Company History [Yahoo! Finance]Yahoo! Finance
SOTK
Earnings
- 7/11/24 - Beat
SOTK
Sec Filings
- 8/27/24 - Form 4
- 8/23/24 - Form 8-K
- 8/23/24 - Form 4
- SOTK's page on the SEC website