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Sono Tek Corp  (SOTK)
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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



 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.


Customers Net Income fell by SOTK's Customers Net Profit Margin fell to

-63.58 %

2.46 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Sono Tek Corp

Sono Tek Corp Achieves Extraordinary Growth, Surpassing Expectations for Q3 of 2023

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.

Sono Tek Corp

Sono Tek Corp Shatters Expectations: Achieves Astonishing 200% Increase in Net Profit!

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.

Sono Tek Corp

Spectacular $0.02 Million Tax Benefit Boosts Earnings for 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.

Sono Tek Corp

Industrial Machinery Company, Sono Tek Corp, Grapples with Notable Challenges Amid Fiscal Downturn as Quarterly Revenue Declines by 34.584%

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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