Sono-Tek Q3 sales up 15% to $4.4M; record backlog $6.5M; expects record FY22 sales

SONO TEK CORP

2022-Q3 EPS reported $0.13 revenue$12,134,336

Q3 net sales $4.419M, up 15% YoY; net income $376K, up 18%. EPS $0.02.
Backlog reached record $6.505M, up 69% from FYE Feb 28, 2021.
Nine-month net sales $12.13M, up 13%; operating income $1.28M, up 54%.
No debt; cash & marketable securities $10.18M, up $1.54M from Feb 2021.
Guidance: double-digit sales growth expected for Q4 and full FY22, forecasting highest annual sales in history.

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