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SOTK Sono-Tek Corp. featured news, full reports, and detailed charts

Sono-Tek Corp. (SOTK/SOTK.OB) Wrap Up:

Sono-Tek Corporation engages in the development, manufacture, and sale of ultrasonic liquid atomizing nozzles worldwide. Ultrasonic nozzle systems atomize low to medium viscosity liquids. It principally offers SonoFlux 2000F, which is useful to electronic circuit board manufacturers to apply solder flux to fixed width circuit boards; SonoFlux 2000FP, SonoFlux XL, and SonoFlux EZ that apply solder flux to electronic printed circuit boards and is used by original equipment manufacturers (OEMs) or contract manufacturers of electronic circuit assemblies; MediCoat for stent coating, a system designed to apply thin layers of polymer and drug coatings to arterial stents with high precision; and Wid...
www.sono-tek.com
41 Employees
Founded in 1975

Sono-Tek Corp. (SOTK:OTC Bulletin Board Market)

LAST $1.00 USD
CHANGE TODAY +0.14 16.28%
VOLUME 11.0K
As of 1:22 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Sono-Tek Corp. (SOTK)

OPEN
$0.85
PREVIOUS CLOSE
$0.86
DAY HIGH
$1.01
DAY LOW
$0.85
52 WEEK HIGH
11/3/09 - $1.15
52 WEEK LOW
04/21/09 - $0.16
MARKET CAP
14.4M
AVERAGE VOLUME 3 mo
29.1K
DILUTED EPS TTM
$-0.09
SHARES OUTSTANDING
14.4M
SOTK Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

SOTK Top Compensated Officers

Dr. Christopher L. Coccio
Chairman and Chief Executive Officer
Age: 68
Total Annual Compensation: $191.9K
Dr. Joseph Riemer Phd.
President, President of Sales, Manufacturing ...
Age: 60
Total Annual Compensation: $150.3K
Mr. Stephen J. Bagley CPA
Chief Financial Officer and Principal Account...
Age: 46
Total Annual Compensation: $114.5K
Mr. R. Stephen Harshbarger
Vice President and Director of Advanced Energ...
Age: 41
Total Annual Compensation: $138.8K

Executives, Board Directors

Compensation as of Fiscal Year 2009.

Key developments for Sono-Tek Corp. (SOTK)

Sono-Tek Corp. Reports Earnings Results for the Second Quarter and Six Months Ended August 31, 2009

Sono-Tek Corp. reported earnings results for the second quarter and six months ended August 31, 2009. The company reported sales of $1,683,883 for the three months ended August 31, 2009, compared to sales of $1,605,482 for the prior year period, an increase of $78,401 or 5%. The company reported net income of $40,546, or $0.00 loss per diluted share compared to a loss of $177,296, or $0.01 loss per diluted share for the three months ended August 31, 2008. The current period profit resulted from higher sales volume combined with previous cost reductions and a reduced break-even point. For the six months, company reported sales of $3,148,612 compared to $3,226,003 for the prior year period. The company reported net loss of $128,881, or $0.01 loss per diluted share compared to a loss of $307,754, or $0.02 loss per diluted share for the same period last year.

Sono-Tek Corp. Announces Sale of a Series of MediCoat DES 2000 Stent Coating Systems

Sono-Tek Corp. announced the sale of a series of its MediCoat DES 2000 stent coating systems to a leading global medical device manufacturer. The sale is Sono-Tek's largest ever sales transaction to the medical device industry, valued at approximately $400,000. The confidential global client has already owned Sono-Tek systems for a number of years, and operated them successfully in the manufacture of high quality cardiac stents. The MediCoat DES 2000 incorporates Sono-Tek's proven MicroMist ultrasonic atomizing nozzle, and provides stent motion that assures a complete, uniform and accurate micronic layer coating, in a validated process.

Sono-Tek Corp. Reports Earnings Results for the First Quarter Ended May 31, 2009

Sono-Tek Corp. reported earnings results for the first quarter ended May 31, 2009. For the quarter, the company reported net loss of $169,427 or $0.01 per diluted share on net sales of $1,464,728 compared to net loss of $130,458 or $0.01 per diluted share on net sales of $1,620,521 for the same period a year ago. During the quarter, the company reduced its cash expenditures and operating expenses. These actions had a positive impact on this quarter's net loss.

otc, otcbb, pinksheet, SOTK, ob Sono-Tek Corp.

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Industry Analysis

Valuation SOTK Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.0x
Price/Book 3.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.7x

SOTK

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SOTK transactions

Type
Date
Target
Bankruptcy
July 27, 2009
NanoDynamics Energy, Inc.

More Recent News About Sono-Tek Corp.

More news for SOTK

SONO TEK CORP Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for SONO TEK CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for SONO TEK CORP 28-Oct-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not int...
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SONO TEK CORP Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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SONO TEK CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits

Show all filings for SONO TEK CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for SONO TEK CORP 13-Oct-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational...
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SONO TEK CORP Files SEC form 10-Q, Quarterly Report

ITEM 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements We discuss expectations regarding our future performance, such as our business outlook, in our annual and quarterly reports, press releases, and other written and oral statements. These "forward-looking statements" are based on currently available competitive, financial and economic data and our operating plans. They are inherently uncertain, and investors must recognize that events could turn out to be significantly different from our expectations. These factors include, among other considerations, general economic and business conditions; political, regulatory, competitive and technological developments affecting the Company's operations or the demand for its products; timely development and market acceptance of new products; adequacy of financing; capacity additions, the ability to enforce patents and the ability to achieve increased sales volume and continued profitability. We undertake no obligation to update any forward-looking statement. Overview Sono-Tek has developed a unique and proprietary series of ultrasonic atomizing nozzles, which are being used in an increasing variety of electronic, medical, industrial, and nanotechnology applications. These nozzles are electrically driven and create a fine, uniform, low velocity spray of atomized liquid particles, in contrast to common pressure nozzles. These characteristics create a series of commercial applications that benefit from the precise, uniform, thin coatings that can be achieved. When combined with significant reductions in liquid waste and less overspray than can be achieved with ordinary pressure nozzle systems, there is lower environmental impact and lower energy use. We have a well established position in the electronics industry with our SonoFlux spray fluxing equipment. It saves customers from 40% to 80% of the liquid flux required to solder pr...
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Sono-Tek Announces Second Quarter Results

MILTON, N.Y., Oct. 12 /PRNewswire-FirstCall/ -- Sono-Tek Corporation (OTC Bulletin Board: SOTK - News) today announced sales of $1,683,883 for the three months ended August 31, 2009, compared to sales of $1,605,482 for the prior year period, an increase of $78,401 or 5%. Sales also increased versus our first quarter by $219,155 or 15% in coating equipment for alternative energy, medical device equipment, food processing equipment and other industrial coating equipment. The latter two areas are also "green" in that we are displacing wasteful conventional spraying systems with our ultrasonic atomization technology. The Company reported net income of $40,546 for the three months ended August 31, 2009 compared to a loss of ($177,296) for the three months ended August 31, 2008. The current period profit resulted from higher sales volume combined with previous cost reductions and a reduced break-even point. Dr. Christopher L. Coccio, Sono-Tek's Chairman and CEO, commented that "We announced in recent communications a goal of bringing the business back to a profitable mode again, and we are now achieving it. We spent money last year to build new technology, market, and business segments, and these efforts are now paying off for us. Senior management also took voluntary pay reductions at the beginning of this fiscal year to demonstrate our commitment to the future, and these are still in place. As we look at the next quarter, we expect both another double digit increase in our sales, as well as stronger profits."For further in...
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SONO TEK CORP Files SEC form 8-K, Regulation FD Disclosure

Show all filings for SONO TEK CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for SONO TEK CORP 16-Sep-2009Regulation FD Disclosure Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading...
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Sono-Tek Announces its Largest Ever Sales of MediCoat Stent Coating Systems to a Leading Global Medical Device Manufacturer

MILTON, N.Y., Sept. 15 /PRNewswire-FirstCall/ -- Sono-Tek Corporation (OTC Bulletin Board: SOTK - News) announced today the sale of a series of its MediCoat DES 2000 stent coating systems to a leading global medical device manufacturer. The sale is Sono-Tek's largest ever sales transaction to the medical device industry, valued at approximately $400,000. The confidential global client has already owned Sono-Tek systems for a number of years, and operated them successfully in the manufacture of high quality cardiac stents. The MediCoat DES 2000 incorporates Sono-Tek's proven MicroMist ultrasonic atomizing nozzle, and provides stent motion that assures a complete, uniform and accurate micronic layer coating, in a validated process.Dr. Joseph Riemer, Sono-Tek president stated, "Capital investments in the medical device manufacture industry are undergoing strict financial due diligence and comprehensive operational performance evaluations in the current economic climate. This large repeat order is a vote of confidence for Sono-Tek's ultrasonic atomization technology in general, and for our MediCoat DES 2000 in particular."Sono-Tek Chairman and CEO, Dr. Christopher L. Coccio added, "Sono-Tek's strategy is to design, build and sell superior coating equipment which provides our customers with the highest quality products at significantly reduced operational costs. These advantages and benefits are unmatched by any conventional spraying system vendor. During the course of the last few quarters, we focused this strategy...
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SONO TEK CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits

Show all filings for SONO TEK CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for SONO TEK CORP 21-Aug-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational ...
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Sono-Tek Holds Annual Shareholders Meeting

MILTON, N.Y., Aug. 20 /PRNewswire-FirstCall/ -- Sono-Tek Corporation (OTC Bulletin Board: SOTK - News) held its Annual Shareholders Meeting on August 20, 2009 in Milton, New York. The results of Fiscal Year 2009, which ended on February 28, 2009, were reported. During the meeting, Dr. Christopher L. Coccio, Chairman and CEO, highlighted the business performance by noting that Sono-Tek grew sales by 12% in a very depressed economy. This growth came about as a result of the investments in creating new products and markets for the Company's ultrasonic spraying technology. The funding for these investments and subsequent growth came from internal sources, mainly by foregoing income, and the use of cash reserves. As the economy worsened, the Company turned to a cash conservation approach, and showed an increase in cash on hand from the middle to the end of the Fiscal Year. Debt levels remain very low compared to industry norms, and cash levels remain at a satisfactory level. Shareholders were shown videos of a series of new products and applications, which now serve the clean energy market (fuel cells and solar energy), the medical industry (cardiac and peripheral stent coatings and coatings for other medical implants), and the food industry (baked goods coatings and biodegradable packaging material coatings). Dr. Joseph Riemer, President of Sono-Tek, reported on progress and sales in the food industry, which included recent sales for baked goods applications in the US and abroad.Since the meeting takes place just prior to ...
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SONO TEK CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits

Show all filings for SONO TEK CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for SONO TEK CORP 15-Jul-2009Regulation FD Disclosure, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational...
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