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Sono-Tek Announces Preliminary Revenue and Operating Income for Fiscal Year 2021 and Provides First Quarter FY2022 Revenue Guidance
March 15, 2021 08:30 ET | Source: Sono-Tek Corporation Sono-Tek Corporation
Record Revenue Growth Expected for Fiscal Year 2022
MILTON, NY, March 15, 2021 (GLOBE NEWSWIRE) via NewMediaWire – Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced preliminary sales and operating income for the fiscal year ended February 28, 2021.
Preliminary sales for the fiscal year ended February 28, 2021 were approximately $14.9 million, compared to sales of $15.4 million for the previous fiscal year, a decrease of 4
%. The Company’s preliminary operating income for the year ended February 28, 2021 is expected to be approximately $1.1 million, matching the Company’s historic high set in the prior fiscal year.