secwatch.observer — SEC 8-K summary
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Issuer:     SONO TEK CORP (SOTK)
CIK:        0000806172
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001171520-23-000180
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sono-Tek FY2023 revenue down 12%, net income drops 75% to $636K; backlog up 60% to $8.5M
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- Net sales $15.1M (-12% YoY); net income $636K ($0.04 EPS) vs $2.5M ($0.16 EPS) in FY2022.
- Backlog at Feb 28, 2023: $8.5M, a record high, up 60% from prior year.
- Gross margin improved to 50.8% from 50.3%; operating income fell 64% to $683K.
- Cash and equivalents $11.4M; no debt; capital expenditures $0.6M.
- Guidance: Q1 FY2024 sales slightly below Q4's $3.7M; full year expects positive growth as supply chain eases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/806172/000117152023000180/0001171520-23-000180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/806172/000117152023000180/eps10810_sotk.htm
  HTML page:      https://secwatch.observer/filing/0001171520-23-000180

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