Sono-Tek prelim Q3 revenue $5.7M (+58% YoY); ups FY2024 guidance to ~30% growth

SONO TEK CORP

2024-Q3 EPS reported $0.08 revenue$14,932,157

Preliminary Q3 FY2024 sales of ~$5.7M, up 58% from $3.6M a year ago.
Backlog at Nov 30, 2023 of ~$10.4M, up 68% YoY from $6.2M; second highest ever.
FY2024 revenue expected to grow ~30% YoY, above previous estimates, driven by clean energy, medical, industrial shipments.
CEO cites strong shipments from clean energy and medical markets; supply chain constraints largely resolved.
Final Q3 results to be released mid-January 2024.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SONO TEK CORP reported the third quarter of fiscal year 2024, ended November 30, 2023 results: revenue approximately $5.7 million. Guidance raised.

Period: the third quarter of fiscal year 2024, ended November 30, 2023
Revenue: approximately $5.7 million
Guidance: raised
Result: preliminary results

Exact text from the filing

Sono-Tek Corporation (NASDAQ: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced preliminary sales and backlog for the third quarter of fiscal year 2024, ended November 30, 2023. • Preliminary sales for the third quarter of FY2024 were approximately $5.7 million, compared to sales of $3.6 million for the third quarter a year ago, an increase of approximately 58%.

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Source: SEC EDGAR

accession 0001171520-23-000383

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