Date | Price Target | Rating | Analyst |
---|---|---|---|
9/12/2022 | $8.00 | Outperform | Northland Capital |
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.
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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
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, 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., 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