Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and research and development/other markets worldwide. It also designs and manufactures custom-engineered ultrasonic coating systems; and provides patented nozzles and generators for manufacturers' equipment. The company's products include integrated multi-axis coating systems, integrated coating systems, fluxing systems, OEM systems, and other related systems. It markets and distributes its products through independent distributors and sales representatives. The company was incorporated in 1975 and is headquartered in Milton, New York.
IPO Year:
Exchange: NASDAQ
Website: sono-tek.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/12/2022 | $8.00 | Outperform | Northland Capital |
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Northland Capital initiated coverage of Sono-Tek Corporation with a rating of Outperform and set a new price target of $8.00
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MILTON, NY / ACCESSWIRE / November 14, 2024 / Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced its participation at the upcoming Virtual Investor Summit Microcap Event on November 21st. The Company will be available for 1-on-1 meetings throughout the day in addition to its formal presentation.Event: Q4 Investor SummitPresentation date and time: November 21, 2024, 1:30pm - 2:00pm ETLocation: https://www.webcaster4.com/Webcast/Page/3075/51644The theme is 40 micro-cap companies with a catalyst and/or strong performance in the current market.Take a deep dive with the best Investors in MicroCapLive Q & AComplimentary to Qual
MILTON, N.Y., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that its Board of Directors has authorized the repurchase of up to $2.0 million of Sono-Tek's outstanding common stock (the "Repurchase Program"). Dr. Christopher L Coccio, Executive Chairman, stated, "We are pleased to announce the Repurchase Program and believe that it demonstrates our financial strength and confidence in our long-term growth strategy. With our solid balance sheet and record backlog, we believe this program represents an attractive opportunity to further enhance shareholder value while maintaining the
MILTON, N.Y., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced its participation in Spartan Capital Securities, LLC's inaugural investor conference on November 4th at the Pierre Hotel in New York. Steve Harshbarger, CEO & President of Sono-Tek will provide a formal presentation to investor attendees at 2:20 PM ET. To schedule a one-on-one meeting please register to attend at the link below. For more information about the conference and registration details, please visit Spartan Capital's conference page. About Spartan Capital Securities, LLC Spartan Capital Securities, LLC, is a p
Q2 Sequential Revenue Growth Meets Quarterly Guidance of 2%-5% Record Equipment and Service Backlog of $11.7 Million First Half Revenue Growth of 10% YOY, First Half Net Income Growth of 13% YOYExpects Continued Revenue Growth for Full Fiscal Year 2025Conference Call Today at 10:00 am ET MILTON, N.Y., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for the second quarter and first half of fiscal year 2025, ended August 31, 2024. Second Quarter and First Half Fiscal 2025 Highlights Net Sales for the quarter decreased by 8% or $477,000 to $5,162,000 compared to the
MILTON, N.Y., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that the Company will hold a conference call to discuss its fiscal second quarter and first half 2025 financial results, ended August 31, 2024, on Tuesday, October 15, 2024 at 10:00 am ET. The second quarter and first half FY 2025 financial results press release will be issued before the market opens on October 15, 2024. Conference Call Dial-in Information To participate, please call 1-844-481-2752 at least 10 minutes prior to the start of the call and ask to join the Sono-Tek call. Webcast Information A sim
MILTON, N.Y., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), a leading developer and manufacturer of ultrasonic coating systems, announced today that it will be presenting at the upcoming Virtual Investor Summit on August 20, 2024. Investors may request a one-on-one meeting with management by registering here: https://investorsummitgroup.com. Event: Q3 Investor SummitDate: August 20, 2024Presentation Time: 1:30 PM ETLocation: https://www.webcaster4.com/Webcast/Page/3062/51124 About Sono-Tek Sono-Tek Corporation is a global leader in the design and manufacture of ultrasonic coating systems that are shaping industries and driving innovation worldwide. Our ultrasonic
4 System Order Expected to be Shipped in Fiscal 2026 Company Experiencing Strong Demand from Clean Energy Sector MILTON, N.Y., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), a leading developer and manufacturer of ultrasonic coating systems, is pleased to announce the receipt of an additional $2.95 million order from an existing clean energy customer. This new order, identical in value and scope to a recent record-breaking order from the same customer, reinforces Sono-Tek's position as a key player in the clean energy sector. The latest order includes four production-scale systems, which are expected to be shipped during fiscal 2026, starting March 1, 2025. This
$2.95 Million Order from Specialty Clean Energy Customer Third Part of Expected Multi-System Program 4 System Order Expected to be Shipped in First Half of Fiscal 2026 MILTON, N.Y., July 31, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, is pleased to announce that it has received a significant new order from an existing clean energy customer. The $2.95 million order is the third part of an anticipated multi-system program and is Sono-Tek's largest order in its history. This new order comprises four production-scale systems and builds upon the delivery of four previously announced production-sca
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, fr
MILTON, N.Y., May 23, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating 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 decreas
MILTON, N.Y., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced the appointment of Randy A. Copeman as the Company's Chief Technologist, effective immediately. In this new role Mr. Copeman will join the senior management team and lead the ongoing development of Sono-Tek's core technology products. During his 27 years at Sono-Tek, Mr. Copeman has been the primary engineer in the development of several of the Company's core technological advancements including advanced generator technology, new ultra-high frequency nozzles, and proprietary spray shaping techniques. He has also been th
MILTON, N.Y., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that it has completed the senior management transition that was previously announced at the Company's most recent annual meeting on August 24, 2023. Effective as of December 31, 2023, Dr. Christopher L. Coccio transitioned from his position as Chief Executive Officer of Sono-Tek Corporation to the Company's Executive Chairman. He will also continue to serve as Chairman of the Company's Board of Directors. As Executive Chairman, Dr. Coccio will continue to play a senior leadership role in the Company's management. Effectiv
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Q2 Sequential Revenue Growth Meets Quarterly Guidance of 2%-5% Record Equipment and Service Backlog of $11.7 Million First Half Revenue Growth of 10% YOY, First Half Net Income Growth of 13% YOYExpects Continued Revenue Growth for Full Fiscal Year 2025Conference Call Today at 10:00 am ET MILTON, N.Y., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for the second quarter and first half of fiscal year 2025, ended August 31, 2024. Second Quarter and First Half Fiscal 2025 Highlights Net Sales for the quarter decreased by 8% or $477,000 to $5,162,000 compared to the
MILTON, N.Y., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that the Company will hold a conference call to discuss its fiscal second quarter and first half 2025 financial results, ended August 31, 2024, on Tuesday, October 15, 2024 at 10:00 am ET. The second quarter and first half FY 2025 financial results press release will be issued before the market opens on October 15, 2024. Conference Call Dial-in Information To participate, please call 1-844-481-2752 at least 10 minutes prior to the start of the call and ask to join the Sono-Tek call. Webcast Information A sim
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, fr
MILTON, N.Y., May 23, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating 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 decreas
MILTON, N.Y., May 20, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that the Company will hold a conference call to discuss its year-end fiscal year 2024 financial results, ended February 29, 2024, on Thursday, May 23, 2024 at 9:30 am ET. The year-end FY 2024 financial results press release will be issued before the market opens on May 23, 2024. Conference Call Dial-in Information To participate, please call 1-844-481-2752 at least 10 minutes prior to the start of the call and ask to join the Sono-Tek call. Webcast Information A simultaneous webcast of the call may be acce
- 12-Month Net Sales Reached ~$19.7 million, Gain of ~31% for FY2024 ended Feb 29, 2024- - Q4 Net Sales Grew ~30% YOY; Backlog Grew ~7% YOY and Remains Strong- - Strong Sales Projected for Q1 FY2025- MILTON, N.Y., April 08, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced preliminary net sales and backlog for the fourth quarter of fiscal year 2024, ended February 29, 2024, and for the full fiscal year. Preliminary net sales for the fourth quarter of FY2024 were approximately $4.8 million, compared to net sales of $3.7 million for the fourth quarter a year ago, an increase of approximately
- Q3 Backlog Increased 96% YOY and Remains Strong at Near Record $10.4 Million - - Projects ~30% Revenue Growth for Fiscal Year 2024, ending February 29, 2024- MILTON, N.Y., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for the third quarter and first nine months of fiscal year 2024, ended November 30, 2023. Third Quarter Fiscal 2024 Highlights (compared with the third quarter of fiscal 2023 unless otherwise noted). The three-month periods ended November 30, 2023 and 2022 are referred to as the third quarter of fiscal 2024 and fiscal 2023, respectively. Net Sal
- First Half Net Sales Grew 18% YOY, Backlog Hit Record $10.7 Million; Company Expects Minimum 25% Revenue Growth for Fiscal Year ending February 29, 2024- -Conference Call on Thursday, October 12, 2023 at 10:00 am ET- MILTON, NY, Oct. 12, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for the second quarter and first half of fiscal year 2024, ended August 31, 2023. Second Quarter Fiscal 2024 Highlights (compared with the second quarter of fiscal 2023 unless otherwise noted). The three-month periods ended August 31, 2023 and 2022 are referred to
Conference Call on Thursday, October 12, 2023 at 10:00am ET MILTON, NY, Oct. 03, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that the Company will hold a conference call to discuss its second quarter and mid-year fiscal 2024 financial results, ended August 31, 2023, on Thursday, October 12, 2023 at 10:00 am ET. The financial results press release will be issued before the market opens on October 12, 2023. Conference Call Date/Time Thursday, October 12, 2023 at 10:00am ET Conference Call Dial-in Information To participate, please call 1 (844) 481-2752 at least 10 mi
MILTON, NY, July 13, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – 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 2024, ended May 31, 2023. First Quarter Fiscal 2023 Highlights (compared with the first quarter of fiscal 2023 unless otherwise noted). The three-month periods ended May 31, 2023 and 2022 are referred to as the first quarter of fiscal 2024 and fiscal 2023, respectively. Net Sales were $3.6 million, a decrease of 11%, primarily driven by vendor delays which pushed out planned first quarter shipments into the second and third quarters of fiscal 2024.Gr
Sono-Tek (NASDAQ:SOTK) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $0.01 by 100 percent. The company reported quarterly sales of $5.031 million which beat the analyst consensus estimate of $4.814 million by 4.51 percent. This is a 39.63 percent increase over sales of $3.603 million the same period last year.
Sono-Tek (NASDAQ:SOTK) reported quarterly earnings of $0.01 per share. The company reported quarterly sales of $4.77 million which met the analyst consensus estimate. This is a 30.38 percent increase over sales of $3.66 million the same period last year.
- 12-Month Net Sales Reached ~$19.7 million, Gain of ~31% for FY2024 ended Feb 29, 2024- - Q4 Net Sales Grew ~30% YOY; Backlog Grew ~7% YOY and Remains Strong-- Strong Sales Projected for Q1 FY2025-MILTON, N.Y., April 08, 2024 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced preliminary net sales and backlog for the fourth quarter of fiscal year 2024, ended February 29, 2024, and for the full fiscal year.Preliminary net sales for the fourth quarter of FY2024 were approximately $4.8 million, compared to net sales of $3.7 million for the fourth quarter a year ago, an increase of approximately 30%.Preli
Sono-Tek (NASDAQ:SOTK) reported its Q3 earnings results on Tuesday, January 16, 2024 at 08:00 AM. Here's what investors need to know about the announcement. Earnings Sono-Tek beat estimated earnings by 100.0%, reporting an EPS of $0.04 versus an estimate of $0.02. Revenue was up $2.10 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.02 which was followed by a 1.79% drop in the share price the next day. Here's a look at Sono-Tek's past performance: Quarter Q2 2024 Q1 2024 Q4 2023 Q3 2023 EPS Estimate 0.05 0 0.01 0.01 EPS Actual 0.03 0 0 0.01 Revenue Estimate 5.62M 3.56M 4.00M 3.80M Revenue Actual 5.64M 3.60M 3.66M 3.59
Sono-Tek (NASDAQ:SOTK) reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $0.03 by 33.33 percent. The company reported quarterly sales of $5.69 million which beat the analyst consensus estimate of $5.48 million by 3.91 percent. This is a 58.67 percent increase over sales of $3.59 million the same period last year.
- Sales Grew 58% YOY; Backlog Grew 68% YOY and Remains Strong at $10.4 Million; Company Projects 30% Revenue Growth for Fiscal Year ending February 29, 2024- MILTON, N.Y., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (NASDAQ:SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced preliminary sales and backlog for the third quarter of fiscal year 2024, ended November 30, 2023. Preliminary sales for the third quarter of FY2024 were approximately $5.7 million, compared to sales of $3.6 million for the third quarter a year ago, an increase of approximately 58%.The Company's preliminary estimate of backlog at November 30, 2023, is approximately $10.
- First Half Net Sales Grew 18% YOY, Backlog Hit Record $10.7 Million; Company Expects Minimum 25% Revenue Growth for Fiscal Year ending February 29, 2024-
Sono-Tek (NASDAQ:SOTK) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.05 by 40 percent. This is a 200 percent increase over earnings of $0.01 per share from the same period last year. The company reported quarterly sales of $5.64 million which beat the analyst consensus estimate of $5.62 million by 0.34 percent. This is a 49.85 percent increase over sales of $3.76 million the same period last year.