Sono-Tek preliminary FY2024 net sales $19.7M (+31% YoY); Q1 FY2025 guidance +35-40% YoY

SONO TEK CORP

2024-FY EPS reported $0.09 revenue$19,699,886

Preliminary FY2024 net sales ~$19.7M, up 31% from $15.1M in FY2023.
Q4 FY2024 net sales ~$4.8M, up 30% from $3.7M year-over-year.
Backlog at Feb 29, 2024: ~$9.1M, up 7% YoY from $8.5M.
Q1 FY2025 net sales expected to increase 35%-40% YoY vs. constrained prior year.
Executive Chairman cites record shipments, strong backlog, and clean energy sector growth.

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 for the twelve months of FY2024, ended February 29, 2024 results: revenue approximately $19.7 million.

Period: for the twelve months of FY2024, ended February 29, 2024
Revenue: approximately $19.7 million
Result: preliminary results

Exact text from the filing

Preliminary net sales for the twelve months of FY2024, were approximately $19.7 million, an increase of approximately 31% from net sales of $15.1 million in FY2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SONO TEK CORP updated its for the first quarter of FY2025, ending May 31, 2024 guidance (initiated).

Period: for the first quarter of FY2025, ending May 31, 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

Net sales for the first quarter of FY2025, ending May 31, 2024, are expected to increase approximately 35%-40% year-over-year, compared to a weaker supply chain constrained period in last year’s first quarter.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SONO TEK CORP reported for the fourth quarter of fiscal year 2024, ended February 29, 2024 results: revenue approximately $4.8 million.

Period: for the fourth quarter of fiscal year 2024, ended February 29, 2024
Revenue: approximately $4.8 million
Result: preliminary results

Exact text from the filing

Sono-Tek Announces Preliminary Net Sales for Q4 and FY2024 and Provides Preliminary Sales Guidance for Q1 FY2025 and FY2025 - 12-Month Net Sales Reached ~$19.7 million, Gain of ~31% for FY2024 ended Feb 29, 2024- - Q4 Net Sales Grew ~30% YOY; Backlog Grew ~7% YOY and Remains Strong- - Strong Sales Projected for Q1 FY2025- MILTON, NY, April 8, 2024 – Sono-Tek Corporation (NASDAQ: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced preliminary net sales and backlog for the fourth quarter of fiscal year 2024, ended February 29, 2024, and for the full fiscal year. • Preliminary net sales for the fourth quarter of FY2024 were approximately $4.8 million, compared to net sales of $3.7 million for the fourth quarter a year ago, an increase of approximately 30%.

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Source: SEC EDGAR

accession 0001171520-24-000163

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