secwatch.observer — SEC 8-K summary
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Issuer:     SONO TEK CORP (SOTK)
CIK:        0000806172
Form:       8-K
Filed at:   2023-01-17T23:59:59+00:00
Accession:  0001171520-23-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sono-Tek Q3 revenue falls 19% YoY; backlog up 14%, forecasts FY2024 double-digit growth
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- Q3 net sales $3.586M, down 19% YoY; gross margin improved to 51%.
- Operating income $103K (down 79%); net income $105K ($0.01 EPS).
- Backlog $6.223M, up 14% from FY2022 year-end; customer deposits up 50%.
- FY2023 revenue expected ~10% lower vs $17.1M in FY2022; FY2024 targets double-digit growth.
- Received second $1.1M clean energy order post quarter-end; cash $11.2M, no debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/806172/000117152023000024/0001171520-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/806172/000117152023000024/eps10596.htm
  HTML page:      https://secwatch.observer/filing/0001171520-23-000024

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