Sono-Tek

OverviewSuggest Edit

Sono-Tek is a company that designs, builds, installs, and services ultrasonic coating systems for R and D through high-volume manufacturing operations. It offers laboratory testing, coating, and installation services. The company caters to alternative energy and nanomaterials, glass, medical devices, printed circuit boards, and semiconductor industries.
TypePublic
Founded1975
HQMilton, NY, US
Websitesono-tek.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Feb 2021)66(-2%)
Job Openings6
Revenue (FY, 2022)$17.1 M(+16%)
Share Price (Jul 2022)$5.4(-1%)
Cybersecurity ratingBMore
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Key People/Management at Sono-Tek

Christopher Coccio

Christopher Coccio

Chairman of the Board and Chief Executive Officer
Stephen Harshbarger

Stephen Harshbarger

President and Chief Operating Officer
Stephen Bagley

Stephen Bagley

Chief Financial Officer
Robb Engle

Robb Engle

Vice President of Engineering
Bennett Bruntil

Bennett Bruntil

Vice President of Sales and Marketing
Chris Cichetti

Chris Cichetti

Vice President of Applications Engineering
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Sono-Tek Office Locations

Sono-Tek has an office in Milton
Milton, NY, US (HQ)
2012 Route 9W
Show all (1)

Sono-Tek Financials and Metrics

Sono-Tek Revenue

Sono-Tek's revenue was reported to be $17.13 m in FY, 2022
USD

Revenue (Q1, 2023)

4.1m

Gross profit (Q1, 2023)

2.1m

Gross profit margin (Q1, 2023), %

52%

Net income (Q1, 2023)

305.6k

EBIT (Q1, 2023)

380.5k

Market capitalization (28-Jul-2022)

83.8m

Closing stock price (28-Jul-2022)

5.4

Cash (31-May-2022)

7.7m
Sono-Tek's current market capitalization is $83.8 m.
Annual
USDFY, 2019FY, 2020FY, 2021FY, 2022

Revenue

11.6m15.4m14.8m17.1m

Revenue growth, %

5%32%

Cost of goods sold

6.4m8.0m7.8m8.5m

Gross profit

5.2m7.3m7.0m8.6m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022Q1, 2023

Revenue

2.8m3.3m3.7m3.4m3.5m3.8m3.6m4.1m4.4m4.1m

Cost of goods sold

1.5m1.8m1.9m1.9m1.9m1.9m1.8m2.0m2.3m1.9m

Gross profit

1.3m1.5m1.8m1.6m1.6m1.9m1.8m2.1m2.2m2.1m

Gross profit Margin, %

46%46%49%46%47%50%50%51%49%52%
Annual
USDFY, 2019FY, 2020FY, 2021FY, 2022

Cash

3.1m3.7m4.1m4.8m

Accounts Receivable

1.4m929.7k1.8m1.1m

Prepaid Expenses

395.0k153.7k151.3k323.3k

Inventories

1.7m2.4m2.6m2.4m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022Q1, 2023

Cash

1.9m2.3m2.3m4.4m4.0m6.0m5.8m6.1m6.8m7.7m

Accounts Receivable

1.3m1.3m1.3m1.3m1.3m1.7m1.2m1.5m1.6m1.5m

Prepaid Expenses

105.0k182.4k193.6k146.6k94.8k126.6k108.5k124.2k139.9k206.9k

Inventories

2.4m2.6m3.0m2.5m2.5m2.4m108.5k2.9m2.8m2.9m
Annual
USDFY, 2019FY, 2020FY, 2021FY, 2022

Net Income

161.6k1.1m1.1m2.5m

Depreciation and Amortization

332.1k406.7k463.1k435.5k

Inventories

(369.9k)(646.8k)(305.8k)194.5k

Accounts Payable

(327.7k)1.1m763.3k(553.1k)
USDFY, 2019

Revenue/Employee

190.3k

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.4 x
Show all financial metrics

Sono-Tek Operating Metrics

Sono-Tek's Backlog was reported to be $3.2m in Q1, 2021.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Backlog

$1.24 m$1.45 m$2.02 m$3.04 m$3.04 m$4.02 m$4.18 m$5.4 m$3.52 m$3.2 m

Sono-Tek Acquisitions / Subsidiaries

Company NameDateDeal Size
Sono-Tek Industrial Park LLC

Sono-Tek Revenue Breakdown

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Sono-Tek revenue breakdown by geographic segment: 28.1% from Asia Pacific, 28.9% from Europe, Middle East, Asia, 8.2% from Latin America and 34.8% from U.S. and Canada

Sono-Tek Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Sono-Tek Online and Social Media Presence

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Sono-Tek News and Updates

Sono-Tek Corporation Expected to be Added to Russell 3000(R) Index

MILTON, NY - (NewMediaWire) - June 09, 2022 - Sono-Tek Corporation (NASDAQ: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that it expects to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell Index annual reconstitution…

Sono-Tek to Present at Sidoti Summer Virtual Investor Conference

Presentation on Wednesday, June 15th at 10:45 AM ET

Sono-Tek Announces Fourth Quarter and FY 2022 Year End Earnings Conference Call

Conference Call on Tuesday, May 24, 2022 at 10:00am EST
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Sono-Tek Blogs

Sono-Tek Corp Invites You to Join Us at Investor Summit Group’s Q2 In-Person Conference

Milton, New York–(Newsfile Corp. – April 25, 2022) – Sono-Tek Corp (NASDAQ: SOTK) today announced that the Company’s senior management will be attending The Q2 Investor Summit Group – In-Person. During the presentation, Dr. Christopher Coccio, Sono-Tek’s Chairman and CEO, and Stephen Harshbarger, Pr…

Sono-Tek Announces Laboratory Expansion for Catalyst Coated Membranes to Meet Demand

Customer Base for Carbon Capture, Fuel Cell, and Electrolysis Applications is Expanding MILTON, NY, November X, 2021 – Sono-Tek Corporation (NASDAQ: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced the expansion of its New York laboratory facilities for ca…

Sono-Tek Holds Annual Shareholders Meeting and Confirms Guidance for Expectation of Record Sales in Fiscal Year 2022

MILTON, N.Y., August 24, 2021 — Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that it held its Annual Shareholders Meeting on August 19, 2021 at the Company’s headquarters in Milton, New York. The results of Fiscal Year 2021…

Sono-Tek Announces Sales of $14.8M for Fiscal Year 2021, Strong Yearend Backlog and Sales Guidance for Fiscal Year 2022

Backlog Increased 9.5% Year-over-Year MILTON, NY, May 28, 2021 (GLOBE NEWSWIRE) — via NewMediaWire – Sono-Tek Corporation (OTCQX: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its fourth quarter and fiscal year 2021, ended February …

Sono-Tek Announces Patent Granted to Partner Company Sames Kremlin (Parent Company Exel Industries) for Ultrastatic Enhanced Spray Coating (ESC) Technology.

A patent in the US has been granted to Exel Industries, parent company of Sames Kremlin, who partnered with Sono-Tek to develop the Ultrastatic Enhanced Spray Coating Technology. Other patents are still pending in China, Korea, Japan and the EU. As part of the agreement between Sames Kremlin and Son…

Sono-Tek Announces New VP, Applications Engineering

Sono-Tek is pleased to announce the recent promotion of Chris Cichetti to Vice President, Applications Engineering. Chris has been invaluable in shaping Sono-Tek’s Application Engineering team since its inception in 2008. Starting as an application engineer for Sono-Tek’s Electronics and Advanced En…
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Sono-Tek Frequently Asked Questions

  • When was Sono-Tek founded?

    Sono-Tek was founded in 1975.

  • Who are Sono-Tek key executives?

    Sono-Tek's key executives are Christopher Coccio, Stephen Harshbarger and Stephen Bagley.

  • How many employees does Sono-Tek have?

    Sono-Tek has 66 employees.

  • What is Sono-Tek revenue?

    Latest Sono-Tek annual revenue is $17.1 m.

  • What is Sono-Tek revenue per employee?

    Latest Sono-Tek revenue per employee is $259.6 k.

  • Who are Sono-Tek competitors?

    Competitors of Sono-Tek include Nano-C, MMEI and BeDimensional.

  • Where is Sono-Tek headquarters?

    Sono-Tek headquarters is located at 2012 Route 9W, Milton.

  • Where are Sono-Tek offices?

    Sono-Tek has an office in Milton.

  • How many offices does Sono-Tek have?

    Sono-Tek has 1 office.