Sono-Tek Q2 FY2022 revenue up 17% to $4.07M, net income up 93%; backlog record $6.33M

SONO TEK CORP

2022-Q2 EPS reported $0.10 revenue$7,714,935

Q2 net sales $4.07M (+$589K YoY); gross margin 51.0%, up 440 bps.
Q2 net income $344K (+93% YoY); diluted EPS $0.02 vs $0.01.
Backlog record $6.33M, up 45% from Q1 and up 64% from FYE Feb 28, 2021.
Guides double-digit sales growth for Q3/Q4 FY2022; expects record annual sales.
No debt at Aug 31, 2021; cash & short-term investments $9.7M.

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