Price: $4.8600
$0.06
1.250%
|
Day's High:
| $4.87
| Week Perf:
| -2.8 %
|
Day's Low: |
$ 4.78 |
30 Day Perf: |
-13.98 % |
Volume (M): |
8 |
52 Wk High: |
$ 6.12 |
Volume (M$): |
$ 39 |
52 Wk Avg: |
$5.22 |
Open: |
$4.80 |
52 Wk Low: |
$4.39 |
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Market Capitalization (Millions $) |
77 |
Shares
Outstanding (Millions) |
16 |
Employees |
53 |
Revenues (TTM) (Millions $) |
19 |
Net Income (TTM) (Millions $) |
1 |
Cash Flow (TTM) (Millions $) |
0 |
Capital Exp. (TTM) (Millions $) |
0 |
Sono Tek Corp
Sono-Tek Corporation was incorporated in New York on March 21, 1975 for the
purpose of engaging in the development, manufacture and sale of ultrasonic liquid
atomizing nozzles. Ultrasonic nozzle systems atomize low to medium viscosity
liquids by converting electrical energy into mechanical motion in the form of
high frequency ultrasonic vibrations that break liquids into minute drops that
can be applied to surfaces at low velocity. The principal advantage of these
nozzle systems is that they use much less liquid than competitive nozzle systems
to attain the required coatings on solar cells, fuel cells, glass, textiles,
food and food packaging, circuit boards, medical devices and many other coating
applications. This advantage translates into lower costs for materials, less
costly liquid consumption, less energy required for subsequent drying operations
and less release into the environment of spray that would typically bounce back
and scatter while using competitive nozzle systems. These factors are increasingly
important to customers at a time of rising commodity and energy costs and supply
limitations.
We use our core technology – ultrasonic spray coating – to provide
customized coating solutions to a wide range of manufacturing companies, enabling
them to reduce their product costs and to develop new products with superior
features and quality. Presently, our customers are in six major industries:
electronics, advanced energy (solar and fuel cells), medical device, glass,
textiles and foods. Our diversified group of customers provides the base for
both financial stability and business growth opportunities.
In addition, our systems are widely used by leading high tech companies and
research institutions, as well as by governmental, defense, energy and health
agencies around the world.
Markets
Our growth and diversification program over the past several years has positioned
us to offer a unique and superior family of customized products to the six major
industries that we serve. All of these systems are based on our core technology
of ultrasonic spray coating. Many of these systems have been commercially proven
in 24/7 working schedules, under harsh and challenging manufacturing environments,
where they provide value in a continuous and reliable fashion.
Electronics Industry.
We serve this industry primarily in two sectors; Printed Circuit Board (PCB)
manufacturing and Semiconductor manufacturing.
We provide manufacturers of PCBs with state-of-the-art solder fluxers. Spray
fluxers are used in the manufacturing process of PCBs to apply flux, which removes
oxidation and prepares the PCB for the process of soldering components onto
it.
Our ultrasonic spray fluxers reduce the amount of fluxing chemical needed, enhance
the quality of the boards, and provide our customers with a better product at
reduced costs of operations, when compared with conventional foam fluxers and
pressure assisted fluxers.
We are recognized as a standard setter in the industry and our systems are incorporated
by various original equipment manufacturers (OEM) in their manufacturing lines
for making electronic printed circuit boards. Some examples of products that
we market to the electronics industry include: SonoFlux 2000F, SelectaFlux,
SonoFlux EZ and SonoFlux Servo.
Pursuant to an exclusive distribution agreement with EVS International Ltd (“EVS”)
for the territories of the United States and Canada, we offer the EVS solder
recovery system to our PCB customer base.
We also have a significant established customer base in the semi-conductor industry.
The semi-conductor industry utilizes our ultrasonic atomizing nozzles and XYZ
coating platforms for the application and deposition of photo-resist onto semiconductor
wafers. Certain of our semi-conductor manufacturing industry customers engaged
in the production of micro-electro-mechanical systems, “MEMS”, have
proven the ability of our technology to apply micron thick coatings to these
complex wafers.
Advanced Energy Industry.
Manufacturers of solar cells and fuel cells share two major technical and business
challenges: enhancing the energy efficiency of their products and manufacturing
their products in a cost effective way. Extremely uniform, thin layer coatings
are at the heart of the solution for these advanced energy systems’ challenges.
Our precision coating systems provide superior surface uniformity and density,
which are directly related to enhanced energy efficiency. Our systems also afford
our energy industry clients with the capabilities of saving up to 80% of the
expensive catalysts and nano-materials used in these manufacturing processes.
Some examples of our products marketed to the advanced energy industry include:
ExactaCoat FC & SC, FlexiCoat FC & SC, and SonoFlow Fusion.
Medical Device Industry.
Our ultrasonic coating technology is used by medical device manufacturers worldwide.
The leading applications for this industry are coating of arterial stents with
precise and uniform micronic layers of polymers and drugs; coating of various
implantable devices with lubricous materials and coating of blood collection
tubes with anti-coagulants. These applications are typically performed under
strict regulatory supervision of governmental agencies in different countries,
and the continuing demand for our systems from these customers is indicative
of the high quality performance that our systems provide these customers. Some
examples of our products marketed to the medical device industry include: MediCoat
I; Medicoat II; Medicoat PSI; AccuMist; MicroMist; Balloon Catheter Coater.
Glass Industry.
The manufacture of float glass occurs under extremely harsh conditions of elevated
temperatures. Our ultrasonic coating technology provides this manufacturing
process with the means to precisely and uniformly apply anti-stain, and other
specialty chemical agents, on the hot glass. Our customers benefit from an improved
quality product, enhanced productivity and significantly reduced expenditures
on annual maintenance, often resulting in a return on investment of less than
one year. Based on this equipment’s recent successful performance, our
systems are now specified by many global glass manufacturers as their equipment
of choice.
The equipment we offer to the glass industry is the WideTrack – wide area
modular coating system.
Textiles Industry.
The textiles industry is rapidly expanding to introduce high performance value
adding coatings onto fabrics, such as anti-microbial, anti-stain, flame retardant
and moisture barriers. The current manufacturing process for applying these
expensive coatings has significant waste of material, energy and water. We are
working with this industry to incorporate our ultrasonic technology; often in
combination with unique pre and post treatments of the coating materials, to
reduce the effective material usage by as much as 90%.
We have demonstrated to several leading textile manufacturers the technical
advantages and financial benefits of our WideTrack coating system for their
specific operations, and we are hopeful that these manufacturers will prioritize
the WideTrack in their future capital investment budgets.
Food Industry.
The food industry is evolving in response to greater demands for reduction of
food borne illnesses. We have successfully introduced an anti-microbial coating
system for sliced packaged meats, and we are focusing efforts on those global
food companies who will need this technology to meet the new demands. We have
also introduced our systems to other segments of the food industry for the coating
of flavors, ingredients and other additives of interest. Most of our food industry
equipment is designed on the WideTrack platform.
Company Address: 2012 Rt. 9W Milton 12547 NY
Company Phone Number: 795-2020 Stock Exchange / Ticker: NASDAQ SOTK
SOTK is expected to report next financial results on May 24, 2024. |
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Customers Net Income fell by |
SOTK's Customers Net Profit Margin fell to |
-63.58 % |
2.46 %
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Stock Performances by Major Competitors |
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Sono Tek Corp
Interpreting the Financial Results of Sono Tek Corp: A Strong Trend in Industrial Machinery and Components Sector It is with great enthusiasm that I present to you the recent financial report of Sono Tek Corp, a leading player in the Industrial Machinery and Components sector. The Nov 30, 2023 report showcases the impressive performance of the company, with remarkable growth in revenue of 58.666%, amounting to an impressive $5.69 million. This surge in revenue is a testament to the unwavering resilience of SOTK in a sector where most of its contemporaries experienced a decline in their top-line. The earnings per share (EPS) of Sono Tek Corp experienced an unparalleled elevation of 300%, reaching $0.04 per share, compared to the same quarter the previous year. This demonstrates the company's commitment to consistently deliver strong financial results to its shareholders.
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Sono Tek Corp
Sono Tek Corp, a company in the Industrial Machinery and Components sector, has experienced impressive growth in its most recent fiscal period. The company's net profit per share increased by a remarkable 200% to $0.03 per share compared to the previous year. This growth can be attributed to a significant increase in revenue, which rose by 49.844% to $5.64 million. This outstanding performance by Sono Tek Corp sets it apart from its sector peers, as the Industrial Machinery and Components sector as a whole only saw revenue growth of 9.16% during the same period. In the previous financial reporting period, the company generated $3.60 million in revenue and had a net income of $0.00 per share, indicating a substantial improvement in its financials.
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Sono Tek Corp
Sono Tek Corp, a leading manufacturer of precision ultrasonic coating systems, recently reported its first quarter earnings for 2024. However, the results indicate a challenging period for the company, with zero gain per share compared to $0.02 per share in the same period last year. The revenue also witnessed a significant decline of -11.07%, falling from $4.05 million to $3.60 million in the corresponding reporting season. Sequentially, the revenue decreased by -1.481% from $3.66 million. Furthermore, the bottom-line for Sono Tek Corp in the first quarter of the 2024 earnings season experienced an alarming -82.53% drop from zero gain in the previous year's period. Examining the figures more closely, even with a $0.02 million tax refund, the decline still reached -82.53% in the first quarter of the 2024 earnings season. These numbers paint a burdensome situation for Sono Tek Corp.
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Sono Tek Corp
Sono Tek Corp, a company operating in the Capital Goods sector, has reported its financial results for the most recent fiscal period, ending on February 28, 2023. The company's ability to collect accounts receivable has sequentially worsened to 9.21, indicating a more challenging environment than in the previous quarter, but there is still no cause for concern. The average receivable collection period for Sono Tek in the February 28 quarter has increased to 40 days, compared to 32 days in the November 30 quarter. This is higher than some other companies in the Capital Goods sector. Sono Tek's overall ranking has also deteriorated from 933 to 934 compared to the previous quarter.
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Per Share |
Current |
Earnings (TTM) |
0.07 $ |
Revenues (TTM) |
1.18 $
|
Cash Flow (TTM) |
- |
Cash |
0.8 $
|
Book Value |
1.02 $
|
Dividend (TTM) |
0 $ |
|
Per Share |
|
Earnings (TTM) |
0.07 $
|
Revenues (TTM) |
1.18 $ |
Cash Flow (TTM) |
- |
Cash |
0.8 $
|
Book Value |
1.02 $ |
Dividend (TTM) |
0 $ |
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