May 20, 2018 8:26 PM ET

Electronic Equipment, Instruments and Components

Company Overview of Sono-Tek Corporation

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

58 Employees

Phone:

845-795-2020

Fax:

845-795-2720

Key Executives for Sono-Tek Corporation

CEO & Chairman
Age: 76
Total Annual Compensation: $161.0K
President and Director
Age: 49
Total Annual Compensation: $207.7K
Chief Financial Officer
Age: 54
Total Annual Compensation: $155.2K
Compensation as of Fiscal Year 2017.

Sono-Tek Corporation Key Developments

Sono-Tek Corporation Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended November 30, 2017; Provides Guidance for the Fourth Quarter

Sono-Tek Corporation announced unaudited earnings results for the third quarter and nine months ended November 30, 2017. For the quarter, the company reported nets sales of $2,982,000 as compared to $2,599,000 for the same period last year. Income Before Taxes was $235,000 as compared to $62,000 for the same period last year. Net Income was $194,000 or $0.01 basic or diluted per share as compared to $62,000 for the same period last year. For the quarter, the company reported nets sales of $8,169,000 as compared to $7,150,000 for the same period last year. Income Before Taxes was $357,000 as compared to $40,000 for the same period last year. Net Income was $265,000 or $0.02 basic or diluted per share as compared to $28,000 for the same period last year. For the fourth quarter, the company is expecting another increase, based on its current backlog, shipments, and proposals.

Sono-Tek Corporation Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended November 30, 2017; Provides Financial Guidance for the Fourth Quarter of Fiscal 2018

Sono-Tek Corporation announced unaudited earnings results for the third quarter and nine months ended November 30, 2017. The company reported preliminary sales of $2,982,000 compared to $2,599,000 for the prior year period, The company is expected to report income before taxes of approximately $238,000 for the three months ended November 30, 2017 as compared to $62,000 for the prior year period, an increase of $176,000 or 284%. The company expects another increase for the fourth quarter of its current fiscal year compared to last year, based on its current backlog, shipments, and proposals.

Sono-Tek Corporation Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended on August 31, 2017; Provides Earning Guidance for the Fiscal Year 2018

Sono-Tek Corporation announced unaudited earnings results for the second quarter and six months ended on August 31, 2017. For the second quarter, the company’s Net Sales were USD 2,674,496 as compared to USD 2,310,451 a year ago. Income before taxes was USD 98,238 as compared to USD loss before taxes USD 87,298 a year ago. Net income was USD 54,645 as compared to net loss USD 89,673 a year ago. For the six months, the company’s Net Sales were USD 5,186,630 as compared to USD 4,550,663 a year ago. Income before taxes was USD 122,589 as compared to USD loss before taxes USD 21,882 a year ago. Net income was USD 70,514 as compared to net loss USD 33,882 a year ago. The company provided earning guidance for the fiscal year 2018. For the period, the company expects to see increased profitability in the second half of this year as well and to achieve overall profitability for the current fiscal year.

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