Sono-Tek Announces Additional $2.95 Million Order from Specialty Clean Energy Customer 4 System Order Expected to be Shipped in Fiscal 2026 Company Experiencing Strong Demand from Clean Energy Sector MILTON, NY, August 13, 2024 — Sono-Tek Corporation (Nasdaq: SOTK), a leading developer and manufacturer of ultrasonic coating systems, is pleased to announce the receipt of an additional $2.95 million order from an existing clean energy customer. This new order, identical in value and scope to a recent record-b ...

Core Insights - Sono-Tek Corporation has announced its largest order in company history, valued at $2.95 million, from a clean energy customer, marking a significant milestone in its business growth [6][7]. Order Details - The new order consists of four production-scale systems, which will be shipped in the first half of fiscal 2026, starting March 1, 2025 [4]. - This order builds on a previous delivery of four production-scale machines to the same customer, increasing the total number of production-scale machines for this customer to eight [4]. Customer Relationship - The customer initially engaged with Sono-Tek by purchasing an R&D system to develop their processes before moving to production-scale systems [4]. - The ongoing collaboration has led to additional orders for smaller R&D machines, indicating a strong partnership and trust in Sono-Tek's capabilities [7]. Market Trends - The demand for Sono-Tek's ultrasonic coating systems is being driven by large-scale government funding initiatives in the clean energy sector, impacting applications such as carbon capture, hydrogen generation, fuel cells, and advanced solar energy [7]. - The company anticipates that the higher average selling prices (ASPs) of these systems will positively influence its growth in the coming years [7].

4 System Order Expected to be Shipped in First Half of Fiscal 2026 Harshbarger added, "The recent distribution of funding from large-scale government initiatives for the clean energy sector is driving demand for our proprietary ultrasonic coating systems across various applications, including carbon capture, hydrogen generation, fuel cells, and advanced solar energy. The higher average selling prices (ASPs) that these systems command are expected to positively impact Sono-Tek's growth in the coming years." ...

13 Results of Operations Sales: | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------|-------|-----------|-----------------------------------|----------------------------|----------------|---------------|-------| | Product Sales: | | 2024 | Three Months \n% of total | Ended May 31, \n2023 | % of total | Change \n$ | % | | Fluxing Systems | $ | 134,000 | 2% $ | 236,000 | 6% | (102,000) | (43%) | | Integrated Coating Systems | | 747,000 | 15% | 309,000 | 9% | 438,000 | 1 ...

Three Months Ended May 31, Change Net Sales $ Gross Profit Gross Margin Equipment related backlog at May 31, 2024 was $7.69 million, compared to backlog of $9.08 million at February 29, 2024, a decrease of $1.39 million or 15.4%. Combined equipment and service-related backlog at May 31, 2024 was $7.83 million, compared to equipment and service related backlog of $9.28 million at February 29, 2024, a decrease of $1.5 million or 16%. Cash, cash equivalents and marketable securities at quarter-end were $12.2 m ...

This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.01, delivering no surprise. SonoTek, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $5.03 million for the quarter ended May 2024, surpassing the Zacks Consensus Estimate by 2.05%. This compares to year-ago revenues of $3.6 million. The company has topped consensus revenue estimates ...

Provides Sales Guidance for Second Quarter of Fiscal 2025 and Anticipates Continued Sales Growth for Fiscal 2025 Net Sales for the quarter increased 40% to $5,031,000 compared to $3,603,000 in the prior year period, driven by strong shipments to the Medical and Alternative/Clean Energy markets. Gross Profit increased 38% to $2,454,000 compared to $1,777,000 in the prior year period. Operating Income increased $330,000 to $238,000, from an operating loss of $92,000 at May 31, 2023. The increase is due to the ...

MILTON, N.Y., July 11, 2024 – Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its first quarter of fiscal year 2025, ended May 31, 2024. Steve Harshbarger, CEO & President of Sono-Tek, remarked, "Our growth strategies are continuing to gain momentum as our customers move from R&D and pilot machines to our complex large-scale production systems with significantly higher Average Selling Prices (ASP). We remain exci ...

Provides Sales Guidance for Second Quarter of Fiscal 2025 and Anticipates Continued Sales Growth for Fiscal 2025 First Quarter FY2025 Financial Highlights: "Sono-Tek began its fiscal year with strong sales momentum and is looking forward to an excellent year with increasing orders in green energy systems combined with strength in the medical device coating market and the semiconductor/electronics markets. We are aggressively moving forward with full production systems with the potential for multiple repeat ...

Sono-Tek Corporation (NASDAQ:SOTK) Q4 2024 Results Conference Call May 23, 2024 9:30 AM ET Company Participants Kirin Smith - PCG Advisory Dr. Chris Coccio - Chairman, Chief Executive Officer Steve Harshbarger - President, Chief Operating Officer Steve Bagley - Chief Financial Officer Conference Call Participants Bill Nicklin - Circle N Advisors Dick Ryan - Oak Ridge Financial Operator Good day, and welcome to the Sono-Tek Year-end Fiscal Year 2024 Earnings Conference Call. [Operator Instructions]. Please n ...