Sono-Tek Corp (OQ:SOTK)
Business Focus: Industrial Machinery
| Sector: Industrials | Industry: Industrial Machinery & Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2012 RT 9W BLDG 3 MILTON NY 12547 |
| Tel: | N/A |
| Website: | https://www.sono-tek.com |
| IR: | See website |
| Key People | ||
| Christopher L. Coccio Executive Chairman of the Board | R. Stephen Harshbarger President, Chief Executive Officer, Chief Operating Officer | Stephen J. Bagley Chief Financial Officer |
| Robb William Engle Executive Vice President | Randy A. Copeman Chief Technologist | Maria T. Kuha Vice President - Manufacturing Operations |
| Business Overview |
| Sono-Tek Corporation is engaged in the design and manufacture of ultrasonic coating systems for applying precise, thin film coatings to add functional properties, protect or strengthen surfaces on parts and components for the microelectronics/electronics, alternative energy, medical, industrial and emerging research and development/other markets. The Company designs and manufactures custom-engineered ultrasonic coating systems incorporating its patented technology, in combination with applications engineering knowledge, to assist its customers in achieving their desired coating solutions. Its ultrasonic nozzle systems use high frequency ultrasonic vibrations that atomize liquids into minute drops that can be applied to surfaces at low velocity providing microscopic layers of protective and other useful materials over a range of surfaces, including glass and metals. Its products include Multi-Axis Coating Systems, Integrated Coating Systems, Fluxing Systems and others. |
| Financial Overview |
| For the nine months ended 30 November 2023, Sono-Tek Corp revenues increased 31% to $14.9M. Net income increased from $573K to $1.3M. Revenues reflect Alternative Energy segment increase from $2M to $4.7M, Industrial segment increase of 95% to $2.7M, U.S. & Canada segment increase of 74% to $9M, Europe, Middle East, Asia (EMEA) segment increase of 20% to $3.1M. |
| Employees: | 73 as of Feb 28, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $59.84M as of Nov 30, 2023 |
| Annual revenue (TTM): | $18.59M as of Nov 30, 2023 |
| EBITDA (TTM): | $1.79M as of Nov 30, 2023 |
| Net annual income (TTM): | $1.35M as of Nov 30, 2023 |
| Free cash flow (TTM): | $1.30M as of Nov 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 15,745,206 as of Nov 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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