secwatch.observer — SEC 8-K summary
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Issuer:     SONO TEK CORP (SOTK)
CIK:        0000806172
Form:       8-K
Filed at:   2023-07-13T23:59:59+00:00
Accession:  0001171520-23-000223
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sono-Tek Q1 FY2024 net sales down 11% to $3.6M; record backlog $9.96M, up 135% YoY
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- Net sales $3.6M (-11% YoY); gross profit $1.8M (-16%); net income $53K vs $306K prior year.
- Record backlog $9.96M, up 17% from preceding quarter and 135% YoY, driven by green energy orders.
- Cash and equivalents $12.1M, no debt; customer deposits $3.6M.
- Guidance: Q2 FY2024 expects substantial sales growth; FY2024 anticipates strong rebound due to backlog.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/806172/000117152023000223/0001171520-23-000223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/806172/000117152023000223/eps10853.htm
  HTML page:      https://secwatch.observer/filing/0001171520-23-000223

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