earnings
confidence high
sentiment positive
materiality 0.50
Sono-Tek Q2 FY27 sales up 1% to $5.23M; H1 revenue +6% as medical sales jump 289%
SONO TEK CORP
- H1 net sales rose 6% to $10.89M; gross margin expanded to 55% from 51%; operating income +41% to $1.28M; net income +22% to $1.11M.
- Q2 net sales $5.23M (+1% YoY); net income $366K, or $0.02 per diluted share, down from $424K/$0.03; operating income $382K vs $421K.
- Medical market sales up 289% to $7.05M in H1 and 209% to $3.11M in Q2 on balloon coating and stent-coating system shipments.
- Alternative/clean energy sales fell 85% to $855K in H1 amid U.S. clean-energy policy shifts; electronics/microelectronics down 14%.
- Cash $17.7M and no debt at Aug 31; backlog $9.51M (+23% sequentially); three post-quarter orders worth ~$7.19M shipping in FY28; FY27 guidance reiterated at flat to modest growth.