– 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…
MILTON, N.Y., January 14, 2019 – Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its fiscal 2019 third quarter and year-to-date period ended November 30, 2018. Financial Highlights Net sales increased 7% to $3.2 million in the quarter and were up 7% to $8.7 million…
Sold highest value machine to date for approximately $1.6 million; solution to be used in precision semiconductor manufacturing process Company also announces preliminary revenue expectations for the first nine months of fiscal 2019 of approximately $8.6 million to $9.0 million, up 5% to 10% over prior-year period Backlog at third quarter end expected to exceed…
MILTON, N.Y., November 16, 2018 – Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating systems, announced today the appointment of Carol O’Donnell to its Board of Directors. With the addition of Ms. O’Donnell, Sono-Tek’s Board is now composed of eight directors, five of whom are independent. “We are delighted to welcome…
MILTON, N.Y., November 8, 2018 – Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating systems, announced that it received orders from three new customers in the fuel cell industry for three ultrasonic coating solutions totaling approximately $0.7 million. The first machine is a production-level system for coating the membrane in a…
