Quarterly ResultJul 8, 2026, 09:02 AM
Sono-Tek Q1 Net Income Up 53% to $741K; Sales Rise 10%
AI Summary
Sono-Tek reported strong financial results for the first quarter of fiscal year 2027, with net income increasing by 53% to $741,168 and net sales rising 10% to $5.66 million. Gross profit expanded significantly by 21% to $3.21 million, with the gross profit margin improving by 500 basis points to 57%. The company also saw an 86% increase in operating income and a substantial improvement in net cash provided by operating activities.
Key Highlights
- Net sales increased 10% to $5.66 million for Q1 FY27.
- Net income rose 53% to $741,168 for the quarter.
- Gross profit grew 21% to $3.21 million, with margin expanding to 57%.
- Operating income surged 86% to $897,000.
- Basic earnings per share increased to $0.05 from $0.03.
- Cash, cash equivalents, and marketable securities totaled $16.6 million.
- Net cash provided by operating activities was $1.94 million, up from a loss.
- Combined equipment and service backlog increased 3% to $7.73 million.
Price Impact
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