From GlobeNewswire: 2024-07-11 10:45:00

Sono-Tek Corporation (Nasdaq: SOTK) reported financial results for the first quarter of fiscal year 2025, ending May 31, 2024. Net sales increased 40% to $5,031,000 compared to the prior year. Gross profit rose 38% to $2,454,000. Operating income increased to $238,000 from a loss of $92,000. Net income was $331,000, or $0.02 per share, up 525%.Cash, cash equivalents, and marketable securities increased to $12.2 million. Sales growth guidance for the second quarter of FY2025 projects 2%-5% growth above the first quarter. Company executives are optimistic about the sales momentum and potential for multiple repeat orders in the coming year. Examine more financial details at sono-tek.com.



Read more at GlobeNewswire:: CORRECTING and REPLACING – Sono-Tek Reports 40% Increase in