Sono-Tek Q2 FY2023 net sales down 8% to $3.76M; op income falls 60%; backlog up 19% QoQ to $5.05M

SONO TEK CORP

2023-Q2 EPS reported $0.03 revenue$7,814,864

Q2 net sales $3.763M vs $4.070M YoY; gross margin 50.4% vs 51.0%.
Operating income dropped 60% to $178K; net income $162K ($0.01 EPS) vs $344K ($0.02 EPS).
Backlog rose 19% QoQ to $5.049M; clean energy order of $1.1M booked (largest from sector).
Supply chain delays caused shipments to be deferred; Q4 FY2023 expected to be strongest quarter.
First-half FY2023 net sales $7.815M (+1%); operating income $558K (-29%) reflecting higher personnel costs.

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