Sono-Tek (OTCMKTS:SOTK – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, Zacks.com reports. According to Zacks, “Sono-Tek Corporation is a developer and manufacturer of ultrasonic coating systems for applying precise, thin film coatings for the microelectronics/electronics, alternative energy, […]
Zacks Investment Research downgraded shares of Sono-Tek (OTCMKTS:SOTK – Get Rating) from a hold rating to a sell rating in a research report report published on Thursday, Zacks.com reports. According to Zacks, “Sono-Tek Corporation is a developer and manufacturer of ultrasonic coating systems for applying precise, thin film coatings for the microelectronics/electronics, alternative energy, medical […]
Sono-Tek Co. (OTCMKTS:SOTK – Get Rating) – Equities researchers at Colliers Securities reduced their FY2024 earnings per share estimates for shares of Sono-Tek in a note issued to investors on Thursday, March 17th. Colliers Securities analyst R. Ryan now anticipates that the industrial products company will earn $0.13 per share for the year, down from […]
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.