Sono-Tek reports preliminary FY2022 revenue $17.1M (+16%), operating income $1.8M (+38%)

SONO TEK CORP

2022-FY EPS reported $0.16 revenue$17,132,710

Preliminary FY2022 revenue ~$17.1M, up 16% from $14.8M; operating income ~$1.8M, up 38% from $1.3M.
Includes $1.7M order for six-axis robot to repeat customer in advanced semiconductor market shipped in Q4.
Ended FY2022 with ~$10.7M cash, no debt, and ~$10.7M backlog.
Expects >15% revenue increase in Q1 FY2023 vs Q1 FY2022; projects record revenue growth for FY2023.
Final audited results expected in May 2022; earnings call to be scheduled.

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