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February 08, 2016 12:10 PM ET

Electronic Equipment, Instruments and Components

Company Overview of Sono-Tek Corp.

Company Overview

Sono-Tek Corporation develops, manufactures, sells, installs, and services ultrasonic spray coating equipment using ultrasonic liquid atomizing nozzles technology worldwide. The company operates through two segments, Ultrasonic Spray Coating Systems and Real Estate Operations. Its ultrasonic nozzle systems atomize low to medium viscosity liquids by converting electrical energy into mechanical motion in the form of ultrasonic vibrations that break liquids into minute drops that can be applied to surfaces at low velocity. The company offers various spray fluxer products, including SonoFlux 2000F for electronic circuit board manufacturers to apply solder flux to fixed width circuit boards; Sono...

2012 Route 9W

Milton, NY 12547

United States

Founded in 1975

53 Employees

Phone:

845-795-2020

Fax:

845-795-2720

Key Executives for Sono-Tek Corp.

Chairman and Chief Executive Officer
Age: 74
Total Annual Compensation: $178.8K
President and Director
Age: 47
Total Annual Compensation: $205.0K
Chief Financial Officer
Age: 52
Total Annual Compensation: $154.4K
Compensation as of Fiscal Year 2015.

Sono-Tek Corp. Key Developments

Sono-Tek Corporation Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended November 30, 2015; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2016

Sono-Tek Corporation announced unaudited earnings results for the third quarter and nine months ended November 30, 2015. For the quarter, the company reported net sales of $3,032,457 against $2,851,906 a year ago. Income before taxes was $284,697 against $278,715 a year ago. Net income was $243,565 against $202,432 a year ago. Basic and diluted earnings per share were $0.02 against $0.01 a year ago. For the nine months, the company reported net sales of $8,890,027 against $7,906,332 a year ago. Income before taxes was $688,044 against $549,071 a year ago. Net income was $541,176 against $384,100 a year ago. Basic and diluted earnings per share were $0.04 against $0.03 a year ago. The company also expects to report continuing profitability in the fourth quarter, based on current backlog and shipments to date.

Sono-Tek Corporation Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended August 31, 2015; Provides Earnings Guidance for the Third Quarter 2015

Sono-Tek Corporation announced unaudited earnings results for the second quarter and six months ended August 31, 2015. For the quarter, the company's sales were $2,975,000 compared to sales of $2,634,000 for the prior year period, an increase of $341,000 or 13%. Although not directly reported, a comparison of the three months ended August 31, 2015 to the three months ended May 31, 2015, also showed an increase in sales of $92,000 or 3%, continuing an upward trend for this Fiscal Year. Net income was $144,000 compared to $115,000 for the prior year period, an increase of $29,000. Basic and diluted earnings per share were $0.01 against $0.01 a year ago. Income before taxes was $196,111 against $188,564 a year ago. For the six months, the company's net sales were $5,857,570 against $5,054,426 a year ago. Income before taxes was $403,348 against $270,356 a year ago. Net income was $297,612 against $181,667 a year ago. Basic and diluted earnings per share were $0.02 against $0.01 a year ago. The company also expects to report continuing profitability in the third quarter, based on current backlog and shipments to date.

Sono-Tek Corp. - Shareholder/Analyst Call

To consider AGM

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