Sono-Tek Q2 net sales record $5.64M (+50% YoY); backlog $10.7M, at least 25% FY revenue growth

SONO TEK CORP

2024-Q2 EPS reported $0.04 revenue$9,242,135

Net sales $5.639M (+50% YoY); gross profit $2.801M (+48%); operating income $566K (+218%).
Backlog record $10.7M (+112% YoY, +26% from Feb. 28, 2023) driven by clean energy orders.
Net income $541K ($0.03 diluted) vs $162K ($0.01) in prior-year quarter.
No debt; cash & marketable securities $12.3M; customer deposits $3.4M.
FY2024 guidance: at least 25% revenue growth; capex expected ~$500K.

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