Sono-Tek Q4 EPS $0.01 Inline, Sales $4.77M Inline; Cash & Equivalents As Of February 28 Totals $11.8M
Portfolio Pulse from Benzinga Newsdesk
Sono-Tek (NASDAQ:SOTK) reported Q4 earnings per share of $0.01, meeting analyst expectations. The company also reported quarterly sales of $4.77 million, a 30.38% increase from the same period last year. Cash and equivalents as of February 28 totaled $11.8 million.
May 23, 2024 | 11:06 am
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Sono-Tek reported Q4 EPS of $0.01 and sales of $4.77 million, both in line with analyst expectations. The company saw a significant 30.38% year-over-year increase in sales and has a strong cash position of $11.8 million.
The earnings and sales figures met analyst expectations, which is generally positive for the stock. The significant year-over-year sales increase and strong cash position further support a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100