Quarterly ResultJul 8, 2026, 07:01 AM
Sono-Tek Q1 Revenue +10% to $5.66M; Net Income +53%
AI Summary
Sono-Tek Corporation reported strong first-quarter fiscal 2027 results, with net sales increasing 10% to $5.66 million and net income surging 53% to $741,000. The company achieved significant gross margin expansion to 57% and an 86% rise in operating income, primarily driven by robust demand in the medical sector and higher-value production systems. Sono-Tek anticipates continued revenue growth in the first half of fiscal 2027, though it maintains a full-year outlook of flat to modest revenue growth due to shipment timing and clean energy sector uncertainty.
Key Highlights
- Net sales increased 10% to $5.66 million.
- Net income increased 53% to $741,000 ($0.05 diluted EPS).
- Gross margin expanded to 57% from 52%.
- Operating income increased 86% to $897,000.
- Medical sector sales grew 388% to $3.95 million.
- Multi-Axis Coating Systems sales rose 206% to $2.08 million.
- Cash, cash equivalents, and marketable securities reached $16.65 million with no debt.
- Backlog increased 3% to $7.73 million year-over-year.
Price Impact
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