Sono-Tek Sales Grew 5% to $2.82 million in First Quarter Fiscal 2020 with Continued Record Backlog
Sono-Tek Corporation (SOTK)
NASDAQ:AMEX Investor Relations:
sono-tek.com/investor-relations
Company Research
Source: PR Newswire
MILTON, N.Y., July 15, 2019 /PRNewswire/ -- Sono-Tek Corporation (OTCQX: SOTK) the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its first quarter ended May 31, 2019 ("fiscal 2020")."The first quarter of FY2020 showed the expected 5% revenue growth, along with a profitable bottom line. More importantly, we continued to invest in upfront resources in Sales and Marketing, which includes Application Engineering personnel. Application Engineering has become an essential element in our growth strategy of pursuing larger, more complex ultrasonic coating systems. These orders increase our average revenue per order. We experienced significant growth in larger Multi-Axis coating systems this quarter, along with increases in orders of Fluxing Systems and Integrated Coating Systems. We also experienced large increases in the Electronics/Microelectronics, Alternative Energy, and Emerging R&D market areas. Globally, we had increases in the
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News
- Sono-Tek Announces Preliminary Net Sales for Q4 and FY2024 and Provides Preliminary Sales Guidance for Q1 FY2025 and FY2025 [Yahoo! Finance]Yahoo! Finance
- Sono-Tek Announces Preliminary Net Sales for Q4 and FY2024 and Provides Preliminary Sales Guidance for Q1 FY2025 and FY2025GlobeNewswire
- Sono-Tek Welcomes Dr. Adeniyi Lawal to Board of Directors [Yahoo! Finance]Yahoo! Finance
- Sono-Tek Welcomes Dr. Adeniyi Lawal to Board of DirectorsGlobeNewswire
- Sono-Tek to Present at The LD Micro Invitational XIV [Yahoo! Finance]Yahoo! Finance
SOTK
Earnings
- 1/16/24 - Beat
SOTK
Sec Filings
- 4/8/24 - Form 8-K
- 4/5/24 - Form 3
- 4/3/24 - Form 8-K
- SOTK's page on the SEC website