Sono-Tek Provides Revenue Guidance For Q2 Ending August 31, 2023 and Full Fiscal Year; Sees Q2 Revenue $15M; Sees Full Fiscal Year Ending February 29, 2024, To Generate Revenue Growth Of At Least 25%
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Sono-Tek Corporation (NASDAQ:SOTK) has provided revenue guidance for Q2 ending August 31, 2023, and the full fiscal year ending February 29, 2024. The company expects Q2 revenue to be $15M and anticipates a revenue growth of at least 25% for the full fiscal year. The company's CEO, Dr. Christopher L. Coccio, will transition to Executive Chairman at the end of the calendar year. The company's strong balance sheet, focus on major areas of global importance, and strategic opportunities are expected to drive future growth.
August 24, 2023 | 1:29 pm
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Sono-Tek Corporation expects strong Q2 revenue and significant revenue growth for the full fiscal year. The transition of the CEO to Executive Chairman could bring new strategic directions.
The company's strong revenue guidance and the CEO's transition to Executive Chairman indicate potential for growth and strategic changes, which could positively impact the stock price.
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