secwatch.observer — SEC 8-K summary
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Issuer:     SONO TEK CORP (SOTK)
CIK:        0000806172
Form:       8-K
Filed at:   2022-07-18T23:59:59+00:00
Accession:  0001171520-22-000411
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sono-Tek Q1 FY2023 sales up 11% to $4.05M; gross margin expands 200 bps to 52%
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- Net sales $4.05M (+11% YoY); gross profit $2.11M (+16%); net income $306K (excl. PPP loan forgiveness, up 17%).
- Medical market sales more than doubled YoY, representing 41% of total sales; alternative energy up 41%.
- Backlog at $4.2M, flat YoY; customer deposits up 43% to $1.67M.
- Guides Q2 FY2023 sales similar to prior year; still expects record annual revenue for FY2023 ending Feb 2023.
- Cash $11.1M, no debt; capital expenditures planned $300-$350K for FY2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/806172/000117152022000411/0001171520-22-000411-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/806172/000117152022000411/eps10362.htm
  HTML page:      https://secwatch.observer/filing/0001171520-22-000411

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