Sono-Tek reports record FY2022 revenue $17.1M, net income $2.5M; highlights strong balance sheet and growth outlook

SONO TEK CORP

FY2022 revenue $17.1M (+16% YoY), net income $2.5M, both record highs.
Q1 FY2023 revenue up 11%, net income up 17% (excl. $1M PPP forgiveness).
Balance sheet: >$10M cash, cash equivalents and marketable securities, zero debt.
Management cites semiconductor, medical device, clean energy drivers; expects supply chain delays to even out over fiscal year.

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