Sono Tek Corp  (SOTK)

The Industrial Machinery and Components company announced that it has confronted notable difficulties, amid the most recent fiscal period

company reported fourth quarter of 2023 operating surplus of $0.021407 million

Published May 25 2023 / Modified May 25 2023
Goran Soko / CSIMarket.com Contributer

cable_wire_bare_copper_wire_factory-1069871Sono 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.

In terms of profitability, Sono Tek Corp's revenue has decreased by 34.584% to $3.66 million from $5.59 million in the same quarter a year ago.
However, there has been a sequential revenue increase of 1.98% from $3.59 million.
Meanwhile, net profits of $0.063 million have fallen by 89.66% from a balanced book in the corresponding period a year before.

Further analysis of the most recent fiscal period shows that Sono Tek Corp's profitability has decreased, with operating margin dropping to 0.59% and net margin shrinking to 1.73%. Operating earnings have fallen by 96.71% to $0.021407 million, squeezing Sono Tek Corp's operating margin to 0.59% from 11.65% in the fourth quarter of 2022.

Looking into the fiscal period 2023, Sono Tek Corp reported revenue of $15.06 million, which is a 12.11% deterioration from the previous year's $17.13 million.
The earnings of $0.64 million are also lower than the previous year's earnings of $2.56 million.
The EPS has declined by 75% to $0.04 per share from $0.16 per share in the preceding fiscal period.

Sono Tek Corp is expected to release its next financial earnings report on July 14, 2023.
Despite some decline in profitability, the company's ability to collect accounts receivable remains steady, and there is no immediate cause for concern.

Sono Tek's Dividend Growth

Sono Tek's Price to sales ratio PS


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