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…
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…
Backlog grows to $2.0 million driven by Alternative Energy and Medical Markets MILTON, N.Y., October 15, 2018 – Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its fiscal 2019 second quarter and year-to-date period ended August 31, 2018. Financial Highlights Net sales increased 6% to…
First quarter gross margin was 47.1% Operating income increased 53% to $32,000; operating margin expanded 40 basis points to 1.2% Achieved net income of $21,000, up 31% Company expects continued profitable growth for full fiscal year 2019 MILTON, N.Y., July 16, 2018 – Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating…
