CSIMarket
 
Sono Tek Corp  (NASDAQ: SOTK)
Other Ticker:  
 
 
Price: $3.8200 $0.00 0.000%
Day's High: $3.8771 Week Perf: -4.26 %
Day's Low: $ 3.77 30 Day Perf: -3.34 %
Volume (M): 4 52 Wk High: $ 6.05
Volume (M$): $ 15 52 Wk Avg: $4.37
Open: $3.77 52 Wk Low: $3.50



 Market Capitalization (Millions $) 60
 Shares Outstanding (Millions) 16
 Employees 82
 Revenues (TTM) (Millions $) 20
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) 5
 Capital Exp. (TTM) (Millions $) 1

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


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

135.32 %

6.82 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Financing Agreement

nn Clean Energy Surge: Sono-Tek Secures $2.95 Million Order Amidst Mixed Financial Performance,

Published Tue, Aug 13 2024 11:00 AM UTC




Introduction
Sono-Tek Corp, a notable player in the specialty clean energy sector, has announced a significant development: a new order valued at $2.95 million from a customer focused on clean energy solutions. This announcement comes at a time when the companyns financial performance shows both promise and challenges.


Recent Developments<...

Sono Tek Corp

Sono Tek Corp Surges with Impressive 39.634% Revenue Growth

Sono Tek Corp, a leading player in the Industrial Machinery and Components industry, has reported impressive financial results for the fiscal period closing May 31 2024. The company's earnings per share remained steady at $0.02 per share compared to $0.00 in the prior year, while its income per share saw a significant improvement of 101.51% from $0.01 per share in the previous reporting season.
Revenue for Sono Tek Corp experienced a substantial uptick, jumping by 39.634% to $5.03 million from $3.60 million in the corresponding reporting season a year prior. Sequentially, revenue grew by 5.523% from $4.77 million. This growth outpaced that of many of the company's industry peers, with most entities in the Industrial Machinery and Components sector experiencing an average revenue rise of 8.45% in the first quarter of 2025.

Sono Tek Corp

Sono Tek Corp Posts Impressive 30.366% Revenue Surge in Q4 20242.

Sono Tek Corp, a leading Industrial Machinery and Components company, has reported impressive financial results for the three months ending February 29, 2024. The company's earnings per share have shown a significant improvement, reaching $0.01 per share compared to the previous year. This growth can be attributed to a substantial increase in revenue, which rose by 30.366% to $4.77 million.
The company's top-line performance outpaced that of its peers in the Industrial Machinery and Components industry, with a higher rate of growth. In the fourth quarter of 2024, while most entities in the sector reported an average top-line advance of 3.23%, Sono Tek Corp stood out with its impressive revenue growth.

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's Segments
Fluxing Systems    1.37 % of total Revenue
Integrated Coating Systems    1.56 % of total Revenue
Multi-Axis Coating Systems    68.64 % of total Revenue
OEM Systems    4.99 % of total Revenue
Other    23.45 % of total Revenue

  Sono Tek Outlook

On January 16 2024 the Sono Tek provided following guidance

Sono-Tek Corp. announces a significant rise of 59% in its net sales for the third quarter of fiscal 2024, reaching a record-breaking amount of $5.7 million. The company is delighted to report such impressive growth and attributes it to its continued dedication and efficient strategies.

In addition to this remarkable achievement, Sono-Tek Corp. also presents its sales guidance for the fiscal year 2024. The company is optimistic about its future prospects and anticipates continued success. This update highlights the company's commitment to consistent progress and its strong position in the market. Sono-Tek Corp. looks forward to the coming months with great enthusiasm and drive to meet its sales target...





Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2025 CSIMarket, Inc. All rights reserved.

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com