Sono-Tek Reports Increased Sales and Operating Income for First Quarter Fiscal 2023 and Provides Second Quarter and Fiscal 2023 Sales Guidance
Sono-Tek Corporation (SOTK)
NASDAQ:AMEX Investor Relations:
sono-tek.com/investor-relations
Company Research
Source: GlobeNewswire
Sales of $4.05M, up 11% and Gross Profit of $2.11M, up 16% Year-over-Year MILTON, NY, July 18, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its first quarter period of fiscal year 2023, ended May 31, 2022. First Quarter FY2023 Financial Highlights: (Compared with prior-year period unless otherwise noted) Net Sales were $4,052,000, an increase of 11%, primarily driven by strength in the medical, alternative energy and emerging R&D markets. Gross Profit increased 16% to $2,107,000 due to the increase in sales and a favorable product mix. Gross Margin expanded 200 basis points to 52.0% primarily due to a favorable product mix. Net income increased 17% to $306,000, excluding PPP Loan forgiveness of $1,005,000
Show less
Read more
Impact Snapshot
Event Time:
SOTK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SOTK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SOTK alerts
High impacting Sono-Tek Corporation news events
Weekly update
A roundup of the hottest topics
SOTK
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