Sono-Tek Corporation reported a sixth consecutive quarter of revenue over $5 million, with a 150% increase in medical market sales. Fiscal first half net income increased by 35%, and backlog increased by 50% sequentially. The company updated its guidance for FY26, anticipating modest revenue growth. A conference call is scheduled for today at 10:30 am ET. The balance sheet shows cash, cash equivalents, and marketable securities totaling $10.6 million with no debt. Product and market sales saw increases in the medical market and Asia, with decreases in the US and Europe.

In the second quarter of fiscal year 2026, Sono-Tek’s net sales were $5.163 million, gross profit was $2.6 million, and net income was $424 thousand. Product and market sales overview showed a decrease in In-Line Coating Systems sales and an increase in Medical market sales. In the first half of fiscal year 2026, net sales were $10.30 million, gross profit was $5.3 million, and net income was $909 thousand. Product and market sales overview showed increases in In-Line Coating Systems sales and Medical market sales. The company’s balance sheet showed cash, cash equivalents, and marketable securities totaling $10.6 million.

Read more at GlobeNewswire: Sono-Tek Reports Fiscal Second Quarter Financial Results