Highest Quarterly Sales in Company history of $3.35 million Record high backlog of $4.17 million Second quarter gross margin 46.2% Achieved net income of $115,000 versus $59,000 in second quarter FY2019 Second quarter revenues increased 19% vs last year, with 15% – 25% growth expected for Fiscal 2020 MILTON, N.Y., October 14, 2019 – Sono-Tek…
MILTON, N.Y. and Durham, N.C. September 20, 2019 /PRNewswire/ — Sono-Tek Corporation (OTCQX:SOTK) is pleased to announce that Sono-Tek has entered into an agreement with Avior Bio Incorporated for Sono-Tek ultrasonic coating equipment to be used in the Avior product development and future manufacturing process. Avior Bio procured Sono-Tek’s medical device coating machine which will…
Management presentation highlights strong growth and expansion plans MILTON, NY, August 22, 2019 – Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating systems, announced the results of shareholder voting on the four proposals presented at the Company’s Annual Meeting of Shareholders held today. At the meeting, the Company’s shareholders: Re-elected Dr.…
MILTON, N.Y., July 30, 2019 – Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating systems, announced a business development project to expand its Milton, NY facilities with participation and financial incentives from Empire State Development (ESD) and Central Hudson Gas & Electric grants. The proposed expansion planned by Sono-Tek will consist of…
– Record high backlog of $4,024,000 – First quarter gross margin was 46% – Achieved net income of $25,000, up 19% – Company expects second quarter revenues to increase 15-20% vs last year, with further growth expected in the third quarter “The first quarter of FY2020 showed the expected 5% revenue growth, along with a…
A patent in the US has been granted to Exel Industries, parent company of Sames Kremlin, who partnered with Sono-Tek to develop the Ultrastatic Enhanced Spray Coating Technology. Other patents are still pending in China, Korea, Japan and the EU. As part of the agreement between Sames Kremlin and Sono-Tek, Sono-Tek has an exclusive license…
Sono-Tek is pleased to announce the recent promotion of Chris Cichetti to Vice President, Applications Engineering. Chris has been invaluable in shaping Sono-Tek’s Application Engineering team since its inception in 2008. Starting as an application engineer for Sono-Tek’s Electronics and Advanced Energy division in 2008, Chris was appointed Senior Applications Engineer in 2010, and he…
Strong demand in leading markets drove sales up 5.5% over fiscal 2018 to $11.6 million with gross margin of 45%; For the fourth quarter, sales grew 1% over prior-year period with gross margin of 46% Investments in sales and marketing to win leading market positions in alternative energy and medical market applications impacted operating margin…
Strong demand in leading markets drove sales up 5.5% over fiscal 2018 to $11.6 million with gross margin of 45%; For the fourth quarter, sales grew 1% over prior-year period with gross margin of 46% Investments in sales and marketing to win leading market positions in alternative energy and medical market applications impacted operating margin…
MILTON, NY, March 14, 2019 – Sono-Tek Corporation (OTCQX: SOTK) the leading developer and manufacturer of ultrasonic coating systems, today reported preliminary sales of $11.6 million for the fiscal year ended February 28, 2019 (“fiscal 2019”) compared to sales of $11.0 million for the previous fiscal year, an increase of $.6 million or 5%. During…
