Sono-Tek Announces Preliminary Net Sales for Q4 and FY2024

From GlobeNewswire: 2024-04-08 08:00:00

Sono-Tek Corporation reported strong financial results for FY2024, with net sales reaching approximately $19.7 million, a 31% gain from the previous year. Q4 net sales grew by about 30% year-over-year, with a backlog increase of 7%. Strong sales are projected for Q1 FY2025, expecting a 35%-40% increase compared to the previous year. Sono-Tek’s ultrasonic coating systems have become critical elements in various industries, including clean energy applications. The company’s advanced technology and robust orders indicate continued growth for the upcoming fiscal year. Final FY2024 financial results will be released in May 2024.



Read more at GlobeNewswire: Sono-Tek Announces Preliminary Net Sales for Q4 and FY2024