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SOTK

Sono-Tek Corporation

https://www.sono-tek.com

Industry

Hardware, Equipment & Parts

Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and research and development/other markets worldwide. It also designs and manufactures custom-engineered ultrasonic coating systems; and provides nozzles and generators for manufacturers' equipment. The company's products include integrated multi-axis coating systems, integrated coating systems, fluxing systems, OEM systems, and other related systems. It markets and distributes its products through independent distributors and sales representatives. The company was incorporated in 1975 and is based in Milton, New York.

Open

4.36

Mkt cap

70M

Volume

5.8K

High

4.50

P/E Ratio

49.66

52-wk high

6.12

Low

4.27

Div yield

N/A

52-wk low

3.50

Sono-Tek received a significant $2.95M order from an existing clean energy customer, marking the third part of an anticipated multi-system program and the largest order in the company's history.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:19 am

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.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 11:06 am

Sono-Tek Corporation (NASDAQ:SOTK) reported preliminary Q4 FY2024 revenue of $4.8M, a 30% increase YoY, and full-year sales of $19.7M, up 31% from FY2023. The company expects Q1 FY2025 sales to grow 35%-40% YoY. The equipment backlog grew 7% YoY to $9.1M. These results reflect strong orders and the delivery of large orders delayed by Covid-related supply chain issues. Sono-Tek anticipates continued growth in FY2025, supported by its critical technology in clean energy applications.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:21 pm

Sono-Tek (NASDAQ:SOTK) reported Q3 earnings with an EPS of $0.04, doubling the estimated $0.02 and showing a revenue increase of $2.10 million year-over-year. Despite missing EPS estimates last quarter and experiencing a subsequent share price drop, this quarter's results may positively influence investor sentiment.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 1:10 pm

Sono-Tek Corporation (NASDAQ:SOTK) reported Q3 2024 adjusted earnings per share (EPS) of $0.04, surpassing the consensus estimate of $0.03 by 33.33%. Quarterly sales reached $5.69 million, exceeding the $5.48 million estimate by 3.91% and marking a 58.67% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:05 pm

Sono-Tek Corporation (NASDAQ:SOTK) announced preliminary record revenue for Q3 FY2024 with $5.7M, surpassing the $5.18M estimate. The company experienced a 58% YOY sales growth and a 68% YOY increase in backlog, reaching $10.4M. Sono-Tek also raised its revenue guidance for FY2024, projecting a 30% growth. The strong performance is attributed to robust shipments in clean energy, medical, and industrial markets, and catching up with previously supply chain constrained backlog. Final Q3 FY2024 results will be released in mid-January 2024.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:08 pm

Sono-Tek Corporation (SOTK) expects a minimum of 25% year-over-year growth by the end of FY2024 in February. The company's first half net sales grew by 18% YOY, and its backlog reached a record $10.7 million.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 12:18 pm

Sono-Tek reported Q2 earnings of $0.03 per share, missing the analyst consensus estimate of $0.05 by 40%. However, the company's quarterly sales of $5.64 million beat the estimate of $5.62 million by 0.34%. Compared to the same period last year, earnings increased by 200% and sales by 49.85%.

Portfolio Pulse from Happy Mohamed

October 12, 2023 | 12:16 pm

Several companies are scheduled to report their quarterly earnings on October 12, 2023. These include Byrna Technologies, Domino's Pizza, Walgreens Boots Alliance, Fastenal, Commercial Metals, Infosys, Delta Air Lines, Sono-Tek, SMART Glb Hldgs, Comtech Telecom, Charles & Colvard, IDT, and Oil-Dri Corp of America.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 9:21 am

Sono-Tek (NASDAQ:SOTK) is set to release its latest quarterly earnings report on October 12, 2023. Analysts estimate an earnings per share (EPS) of $0.05. The company's stock performance has been generally negative over the last 52-week period, with shares down 25.74%. Last quarter, the company missed EPS by $0.00, resulting in a 2.77% drop in the share price the next day.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:01 pm

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