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
Founded in 1975
Sono-Tek Corporation Reports Unaudited Earnings Results for the First Quarter Ended May 31, 2015; Provides Sales Guidance for the Second Quarter of 2015
Jul 15 15
Sono-Tek Corporation reported unaudited earnings results for the first quarter ended May 31, 2015. For the quarter, the company reported sales o $2,883,000 compared to sales of $2,421,000 for the prior year period, an increase of $462,000 or 19%. Operating income was $223,000 compared to $88,000 for the prior year period, an increase of $135,000 or 153%. The increase reflects a strong leveraging of the 19% sales increase. Net income was $154,000 or $0.01 per basic and diluted share compared to $67,000 or $0.00 per basic and diluted share for the prior year period, an increase of $87,000 or 130%. Income before taxes was $207,236 against $81,791 a year ago.
The company expects second quarter of 2015 sales to be higher than both the first quarter and last year's second quarter.
Sono-Tek Corp., Annual General Meeting, Aug 13, 2015
Jul 13 15
Sono-Tek Corp., Annual General Meeting, Aug 13, 2015., at 10:00 US Eastern Standard Time. Location: Buttermilk Falls, 220 North Road. Agenda: To elect four Directors of the company to serve until the 2017 annual meeting of shareholders of the company; to ratify the appointment of Ligget, Vogt & Webb, P.A., as the company's independent auditors for the fiscal year ending February 29, 2016; and to transact such other business as may properly come before the meeting or any adjournments thereof.