via NewMediaWire – Sono-Tek Corporation (NASDAQ: SOTK), the leading
developer and manufacturer of ultrasonic coating systems, today
reported financial results for its fourth quarter and fiscal year
2022, ended February 28, 2022 (“fiscal 2022”).
Fiscal Year 2022 Highlights
- Backlog at fiscal yearend on
February 28, 2022 was $5.3 million, a 38% increase compared to
backlog on February 28, 2021, primarily due to the Company’s
ongoing strategy for product expansion into larger system sales
with further customization, automation, and higher average selling
prices.
- Net sales reached a record $17.1
million, a 16% increase, compared to $14.8 million in fiscal
2021. These strong results were driven by the continuing
success of Sono-Tek’s ongoing strategic growth initiatives.
- Gross profit increased 23% to
$8.6 million for fiscal year 2022 compared with $7.0 million for
fiscal year 2021. The gross profit margin increased by 310
basis points, reaching 50.3% compared to 47.2% for fiscal
2021. The increase was driven by the strength in sales,
increased efficiencies, and a favorable product mix.
- Operating income increased 41.0%
to $1.9 million compared to $1.3 million in fiscal 2021. Net income
was $2.5 million compared to $1.1 million in fiscal 2021, an
increase of $1.4 million or 127%.
- Cash and equivalents increased
$2.1 million to $10.8 million, the highest level ever, and the
Company has no debt.
- Fiscal 2023 sales are projected
to reach record levels once again. The first quarter of fiscal 2023
is on track to generate double digit year-over-year growth,
assuming we encounter no logistical shipping issues.
Dr. Christopher L. Coccio, Chairman and CEO of
Sono-Tek, commented, “Sono-Tek had a great year coming out of the
pandemic with net sales reaching a record high of $17.1 million. In
addition to our traditional markets, we’re currently focused on
three main areas of strong global growth: Microelectronics and
semiconductors, Clean Energy including fuel cells and carbon
capture, and Medical devices. All three of these areas are
experiencing strong demand from long term societal needs, and they
all benefit from Sono-Tek’s unique thin film coating technology and
systems. Over the past several years, the Company has expanded its
offerings to handle ever more complex customer requirements and
larger systems, benefitting both customers and the Company’s
growth, as demonstrated by revenue increases in these markets for
the year ranging from 19% - 72%.
“There was also dramatic growth in sales of
Multi-Axis coating systems which utilize both 3-Axis and 6-Axis
digitally controlled coating motions based on customer application
requirements These systems are important in all of our current
major markets, with the production of Clean Energy membranes as a
prime example. Geographically, the U.S. and Canada, APAC (Asia
Pacific), and EMEA (Europe, Middle East and Africa) all experienced
growth from 6% to 27% in fiscal 2022, with only Latin America
showing a 10% decline in sales.”
“Throughout the year, our flexibility to quickly
change focus geographically and by market segment, combined with
our expanding system and project capabilities, allowed us to
capture new and larger orders. As the world continues to recover
from the pandemic, we plan to continue making aggressive
investments in R&D and the front end of our operations to
facilitate future growth. For fiscal 2023, all indications point to
continued strong demand for our products and we again project our
highest sales year,” concluded Dr. Coccio.
Fiscal 2022 Review (Results
compared with fiscal 2021)
($ in
thousands) |
|
|
|
|
|
|
|
Change |
|
FY 2022 |
FY 2021 |
$ |
% |
Net Sales |
$ 17,133 |
$ 14,833 |
$
2,300 |
15.51% |
Gross
Profit |
$
8,613 |
$
6,997 |
$
1,616 |
23.10% |
Gross Margin |
50.30% |
47.20% |
|
|
|
|
|
|
|
|
|
|
|
|
Operating
Income |
$
1,889 |
$
1,340 |
$
549 |
40.97% |
Operating Margin |
11.03% |
9.00% |
|
|
|
|
|
|
|
Net
Income |
$
2,543 |
$
1,121 |
$
1,422 |
126.85% |
Net
Margin |
14.8% |
7.60% |
|
|
Fourth Quarter Fiscal 2022 Review (Results
compared with the fourth quarter of fiscal 2021)
($ in
thousands) |
|
|
|
|
|
|
|
Change |
|
FY 2022 |
FY 2021 |
$ |
% |
Net Sales |
$
4,999 |
$
4,097 |
$
902 |
22.02% |
Gross
Profit |
$
2,556 |
$
1,885 |
$
671 |
35.60% |
Gross Margin |
51.13% |
46.00% |
|
|
|
|
|
|
|
|
|
|
|
|
Operating
Income |
$
607 |
$
508 |
$
99 |
19.49% |
Operating Margin |
12.14% |
12.00% |
|
|
|
|
|
|
|
Net
Income |
$
556 |
$
455 |
$
101 |
22.20% |
Net
Margin |
11.12% |
11.10% |
|
|
Fiscal Year 2022 Financial Overview
Net sales in fiscal year 2022 increased 16% to $17.1 million
compared with $14.8 million in fiscal year 2021.
By product, Multi-Axis coating systems sales increased 77% to
$9.9 million compared to fiscal year 2021 primarily due to a
significant shipment of a six-axis robot machine that was sold to
the Semiconductor industry for over $1.7 million as well as strong
sales of machines used in the clean energy sector and medical
diagnostic markets, both of which use highly sophisticated
multi-axis platforms. OEM sales were $2.4 million, an
increase of 51% year-over-year, the result of several new OEM
relationships gaining momentum as they incorporated Sono-Tek OEM
packages into their new product designs. Integrated coating systems
declined 72%, mainly due to the sale of a large textile machine in
fiscal year 2021, which did not repeat in fiscal year 2022.
By market, the Alternative Energy market grew to $3.7 million in
sales, a 72% increase, from strong investments from governments and
private industries focused on the clean energy sector. These clean
energy customers use Sono-Tek machinery to create catalyst coated
membranes used in fuel cells, carbon capture, and hydrogen
generation applications. The medical market grew to $4.3
million, an increase of 29%, primarily driven by strong sales to
customers in China for customized medical device solutions and a
significant new North America based customer in the dental device
industry. The electronics market grew by 19% to $7.1 million,
which was driven by the significant sale of a six-axis robot into
the semiconductor market. The industrial market saw a 53% dip
due to a large shipment in the textile market in fiscal year 2021,
that did not repeat in the current period.
In fiscal 2022, approximately 68% of sales originated outside of
the United States and Canada compared with 65% in fiscal year 2021.
The increased international sales are a result of many overseas
customers bringing manufacturing operations back online, with fewer
Covid restrictions. South Korea contributed significantly to
increased APAC sales, led by solid growth for Sono-Tek machines
used in the clean energy sector.
Backlog at February 28, 2022 was $5.3 million compared to the
backlog at February 28, 2021 of $3.8 million, an increase of 38%.
This growth is attributed to the Company’s successful strategies
for product line and system sales expansion with further
customization and automation, which delivers increased value to our
customers, and higher average selling prices to Sono-Tek.
Gross profit increased 23% to $8.6 million for fiscal year 2022
compared with $7.0 million for fiscal year 2021. The gross
profit margin increased by 310 basis points, reaching 50.3%
compared to 47.2% for fiscal 2021. The improvement is due to
increased sales, a favorable sales mix and lower than expected
warranty and installation costs.
Operating income increased 41% to $1.9 million compared with
$1.3 million for the prior fiscal year primarily due to growth in
revenue and gross profit. The operating margin for fiscal
2022 increased to 11% compared with 9% in the prior fiscal year.
Net income was $2.5 million compared to $1.1 million in fiscal
2021, an increase of $1.4 million or 127%. The increase
reflects an increase in operating income combined with the PPP Loan
forgiveness offset by an increase in income taxes.
On a per share basis, earnings were $0.16
compared with $0.07 for the prior year period. Diluted weighted
average shares outstanding totaled 15,623,485 compared to
15,672,253 for the prior year period.
Balance Sheet and Cash Flow Overview
Cash and cash equivalents and short-term investments at February
28, 2022 were $10.7 million, an increase of $2.1 million from
February 28, 2021, the end of fiscal year 2021. The increase
was primarily the result of growth in fiscal 2022’s profitability
and net income. At February 28, 2022, the Company had no debt on
its balance sheet.
Capital expenditures in fiscal year 2022 totaled $0.4 million,
which were directed to ongoing upgrades of the Company’s
manufacturing and development lab facilities.
Conference Call Information
Sono-Tek will hold a conference call to discuss
its fourth quarter and fiscal 2022 yearend financial results today,
Tuesday, May 24th, 2022 at 10:00am EST.
To participate, please call 1 (877) 270-2148 at
least 10 minutes prior to the start of the call and ask to join the
Sono-Tek call.
A simultaneous webcast of the call may be accessed through the
Company's website at Events & Presentations | Sono-Tek or at
https://services.choruscall.com/mediaframe/webcast.html?webcastid=EbTftCrs.
A replay of the call will be available at 1
(877) 344-7529, access code 6693914, through May 31,
2022.
About Sono-Tek
Sono-Tek Corporation is the leading developer
and manufacturer of ultrasonic coating systems for applying
precise, thin film coatings to protect, strengthen or smooth
surfaces on parts and components for the
microelectronics/electronics, alternative energy, medical and
industrial markets, including specialized glass applications in
construction and automotive.
The Company’s solutions are environmentally-friendly, efficient
and highly reliable, and enable dramatic reductions in overspray,
savings in raw material, water and energy usage and provide
improved process repeatability, transfer efficiency, high
uniformity and reduced emissions.
Sono-Tek’s growth strategy is focused on
leveraging its innovative technologies, proprietary know-how,
unique talent and experience, and global reach to further develop
thin film coating technologies that enable better outcomes for its
customers’ products and processes. For further information,
visit www.sono-tek.com.
Safe Harbor Statement
This news release contains forward looking
statements regarding future events and the future performance of
Sono-Tek Corporation that involve risks and uncertainties that
could cause actual results to differ materially. These
“forward-looking statements’ are based on currently available
competitive, financial and economic data and our operating
plans. They are inherently uncertain, and investors must
recognize that events could turn out to be significantly different
from our expectations and could cause actual results to differ
materially. These factors include, among other considerations,
general economic and business conditions, including inflationary
pressures; political, regulatory, tax, competitive and
technological developments affecting our operations or the demand
for our products; the duration and scope of the COVID-19 pandemic;
the extent and duration of the pandemic’s adverse effect on
economic and social activity, consumer confidence, discretionary
spending and preferences, labor and healthcare costs, and
unemployment rates, any of which may reduce demand for some of our
products and impair the ability of those with whom we do business
to satisfy their obligations to us; our ability to sell and provide
our services and products, including as a result of continued
pandemic related travel restrictions, mandatory business closures,
and stay-at home or similar orders; any temporary reduction in our
workforce, closures of our offices and facilities and our ability
to adequately staff and maintain our operations resulting from the
pandemic; the ability of our customers and suppliers to continue
their operations as result of the pandemic, which could result in
terminations of contracts, losses of revenue; the continued
strength of sales in the Microelectronics, Medical and Alternative
Energy markets following COVID-19 related slowdowns; and further
adverse effects to our supply chain; the imposition of tariffs; the
continued strong sales of the multi-axis coatings systems; timely
development and market acceptance of new products and continued
customer validation of our coating technologies; adequacy of
financing; capacity additions, the ability to enforce patents;
maintenance of operating leverage; maintenance of increased order
backlog, including effects of any COVID-19 related cancellations;
consummation of order proposals; completion of large orders on
schedule and on budget; continued sales growth in the medical and
alternative energy markets; successful transition from primarily
selling ultrasonic nozzles and components to a more complex
business providing complete machine solutions and higher value
subsystems; and realization of quarterly and annual revenues within
the forecasted range of sales guidance. We undertake no obligation
to update any forward-looking statement.
For more information, contact:
Sono-Tek Corp. Stephen J. BagleyChief Financial OfficerPh:
(845) 795-2020info@sono-tek.com
Investor Relations:Stephanie PrincePCG AdvisoryPh: (646)
863-6341sprince@pcgadvisory.comhttp://www.sono-tek.com
-Tables Follow –
SONO-TEK CORPORATION |
CONSOLIDATED BALANCE SHEETS |
|
|
|
|
|
|
|
|
|
|
|
|
February 28, |
|
|
February 28, |
|
|
|
|
2022 |
|
|
2021 |
|
|
ASSETS |
|
|
|
|
|
Current
Assets: |
|
|
|
|
|
|
Cash and cash
equivalents |
$ |
4,840,558 |
|
$ |
4,084,078 |
|
Marketable
securities |
|
5,867,990 |
|
|
4,563,470 |
|
Accounts
receivable (less allowance of $56,123 and $56,123,
respectively) |
1,092,505 |
|
|
1,757,802 |
|
Inventories,
net |
|
2,373,242 |
|
|
2,611,106 |
|
Prepaid expenses
and other current assets |
|
323,304 |
|
|
151,316 |
|
|
Total current assets |
|
14,497,599 |
|
|
13,167,772 |
|
|
|
|
|
|
|
|
Land |
|
|
250,000 |
|
|
250,000 |
Buildings,
net |
|
1,621,878 |
|
|
1,575,135 |
Equipment,
furnishings and leasehold improvements, net |
|
939,306 |
|
|
1,075,190 |
Intangible assets,
net |
|
76,015 |
|
|
95,456 |
Deferred tax
asset |
|
240,736 |
|
|
259,838 |
|
|
|
|
|
|
|
|
TOTAL ASSETS |
$ |
17,625,534 |
|
$ |
16,423,391 |
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
Liabilities: |
|
|
|
|
|
|
Accounts
payable |
$ |
684,511 |
|
$ |
1,294,483 |
|
Accrued
expenses |
|
1,804,028 |
|
|
1,750,916 |
|
Customer
deposits |
|
1,167,968 |
|
|
1,166,541 |
|
Income taxes
payable |
|
58,874 |
|
|
53,567 |
|
|
Total current liabilities |
|
3,715,381 |
|
|
4,265,507 |
|
|
|
|
|
|
|
|
Deferred tax
liability |
|
168,840 |
|
|
205,562 |
Long term debt,
less current maturities |
|
— |
|
|
1,001,640 |
|
|
|
|
|
|
|
|
|
Total
Liabilities |
|
3,884,221 |
|
|
5,472,709 |
|
|
|
|
|
|
|
|
Stockholders’
Equity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock, $.01
par value; 25,000,000 shares authorized, 15,729,175 and |
|
|
|
|
15,452,656 issued
and outstanding, respectively |
|
157,292 |
|
|
154,527 |
|
Additional paid-in
capital |
|
9,310,287 |
|
|
9,064,994 |
|
Accumulated
earnings |
|
4,273,734 |
|
|
1,731,161 |
|
|
|
|
|
|
|
|
Total
stockholders’ equity |
|
13,741,313 |
|
|
10,950,682 |
|
|
|
|
|
|
|
|
TOTAL LIABILITIES
AND STOCKHOLDERS’ EQUITY |
$ |
17,625,534 |
|
$ |
16,423,391 |
|
|
|
|
|
|
|
|
See accompanying notes to consolidated financial statements. |
SONO-TEK CORPORATION |
CONSOLIDATED STATEMENTS OF INCOME |
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year Ended |
|
|
|
28-Feb-22 |
|
28-Feb-21 |
|
|
|
|
|
|
Net Sales |
|
|
$ |
17,132,710 |
|
$ |
14,832,877 |
Cost of Goods Sold |
|
|
|
8,520,156 |
|
|
7,835,837 |
|
|
Gross Profit |
|
8,612,554 |
|
|
6,997,040 |
|
|
|
|
|
|
|
|
Operating
Expenses |
|
|
|
|
|
|
Research and
product development |
|
1,729,509 |
|
|
1,644,598 |
|
Marketing and
selling |
|
3,367,403 |
|
|
2,789,880 |
|
General and
administrative |
|
1,626,306 |
|
|
1,222,101 |
|
|
Total Operating Expenses |
|
6,723,218 |
|
|
5,656,579 |
|
|
|
|
|
|
|
|
Operating
Income |
|
1,889,336 |
|
|
1,340,461 |
|
|
|
|
|
|
|
|
Other Income
(Expense): |
|
|
|
|
|
Interest
Expense |
|
— |
|
|
(39,843) |
Interest and
Dividend Income |
|
9,496 |
|
|
22,558 |
Other Income |
|
|
— |
|
|
24,691 |
Paycheck
Protection Program Loan Forgiveness |
|
1,005,372 |
|
|
— |
Income before
Income Taxes |
|
2,904,204 |
|
|
1,347,867 |
|
|
|
|
|
|
|
|
Income Tax
Expense |
|
361,631 |
|
|
227,225 |
|
|
|
|
|
|
|
|
Net Income |
|
$ |
2,542,573 |
|
$ |
1,120,642 |
|
|
|
|
|
|
|
|
Basic Earnings Per
Share |
$ |
0.16 |
|
$ |
0.07 |
|
|
|
|
|
|
|
|
Diluted Earnings
Per Share |
$ |
0.16 |
|
$ |
0.07 |
|
|
|
|
|
|
|
|
Weighted Average
Shares – Basic |
|
15,586,404 |
|
|
15,428,411 |
|
|
|
|
|
|
|
|
Weighted Average
Shares – Diluted |
|
15,623,485 |
|
|
15,672,253 |
SONO-TEK CORPORATION |
CONSOLIDATED STATEMENTS OF CASH FLOWS |
|
|
|
|
|
|
|
|
|
|
|
Fiscal Year Ended |
|
|
|
|
February 28, |
|
|
February 28, |
|
|
|
|
2022 |
|
|
2021 |
CASH FLOWS
FROM OPERATING ACTIVITIES: |
|
|
|
|
|
|
Net Income |
$ |
2,542,573 |
|
$ |
1,120,642 |
|
Adjustments to
reconcile net income to net cash provided by operating
activities: |
|
|
|
|
|
Depreciation and
amortization |
|
435,525 |
|
|
463,076 |
|
|
Stock based compensation
expense |
|
179,283 |
|
|
47,633 |
|
|
Inventory reserve |
|
43,381 |
|
|
91,000 |
|
|
Paycheck Protection Program
Loan Forgiveness |
|
(1,005,372) |
|
|
- |
|
|
Deferred tax expense |
|
(17,620) |
|
|
(129,723) |
|
|
(Increase) Decrease in: |
|
|
|
|
|
|
Accounts
receivable |
|
665,297 |
|
|
(828,100) |
|
Inventories |
|
194,483 |
|
|
(305,790) |
|
Prepaid expenses
and other assets |
|
(171,988) |
|
|
2,382 |
|
|
(Decrease) Increase in: |
|
|
|
|
|
|
|
Accounts payable and accrued
expenses |
|
(553,129) |
|
|
763,269 |
|
|
Customer deposits |
|
1,427 |
|
|
(482,149) |
|
Income taxes
payable |
|
5,307 |
|
|
(17,054) |
|
|
Net Cash Provided by Operating
Activities |
|
2,319,167 |
|
|
725,186 |
|
|
|
|
|
|
|
|
CASH FLOWS
FROM INVESTING ACTIVITIES: |
|
|
|
|
|
|
Purchase of
equipment, furnishings and leasehold improvements |
|
(326,942) |
|
|
(344,353) |
|
Patent costs
paid |
|
- |
|
|
(6,000) |
|
Capital
expenditure grant proceeds |
|
- |
|
|
100,000 |
|
Sale (purchase) of
marketable securities, net |
|
(1,304,520) |
|
|
(344,230) |
|
Net Cash Provided
By (Used In) Investing Activities |
|
(1,631,462) |
|
|
(594,583) |
|
|
|
|
|
|
|
|
CASH FLOWS
FROM FINANCING ACTIVITIES: |
|
|
|
|
|
|
Proceeds from
exercise of stock options |
|
68,775 |
|
|
- |
|
Proceeds from note
payable - bank |
|
- |
|
|
1,001,640 |
|
Repayment of
long-term debt |
|
- |
|
|
(707,716) |
|
Net Cash Provided
By Financing Activities |
|
68,775 |
|
|
293,924 |
|
|
|
|
|
|
|
|
NET
INCREASE IN CASH AND CASH EQUIVALENTS |
|
756,480 |
|
|
424,527 |
|
|
|
|
|
|
|
|
CASH AND
CASH EQUIVALENTS: |
|
|
|
|
|
|
Beginning of
year |
|
4,084,078 |
|
|
3,659,551 |
|
End of year |
|
4,840,558 |
|
|
4,084,078 |
|
|
|
|
|
|
|
|
Supplemental Cash Flow Disclosure: |
|
|
|
|
|
|
Interest Paid |
$ |
- |
|
$ |
39,843 |
|
Income Taxes
Paid |
$ |
373,928 |
|
$ |
374,004 |
SONO-TEK
CORPORATIONPRODUCT, MARKET, AND
GEOGRAPHIC SALES
Product Sales
|
|
Twelve Months Ended |
|
|
|
|
|
|
February 28, |
|
|
% of |
|
|
February 28, |
|
|
% of |
|
|
Change |
|
|
|
2022 |
|
|
Total |
|
|
2021 |
|
|
total |
|
|
$ |
|
|
% |
|
Fluxing
Systems |
|
$ |
691,000 |
|
|
|
4% |
|
|
$ |
798,000 |
|
|
|
5% |
|
|
$ |
(107,000 |
) |
|
|
(13% |
) |
Integrated Coating
Systems |
|
|
1,182,000 |
|
|
|
7% |
|
|
|
4,219,000 |
|
|
|
28% |
|
|
|
(3,037,000 |
) |
|
|
(72% |
) |
Multi-Axis Coating
Systems |
|
|
9,912,000 |
|
|
|
58% |
|
|
|
5,614,000 |
|
|
|
38% |
|
|
|
4,298,000 |
|
|
|
77% |
|
OEM Systems |
|
|
2,381,000 |
|
|
|
14% |
|
|
|
1,582,000 |
|
|
|
11% |
|
|
|
799,000 |
|
|
|
51% |
|
Other |
|
|
2,967,000 |
|
|
|
17% |
|
|
|
2,620,000 |
|
|
|
18% |
|
|
|
347,000 |
|
|
|
13% |
|
TOTAL |
|
$ |
17,133,000 |
|
|
|
|
|
|
$ |
14,833,000 |
|
|
|
|
|
|
$ |
2,300,000 |
|
|
|
16% |
|
Market Sales
|
|
Twelve Months Ended |
|
|
|
|
|
|
February 28, |
|
|
% of |
|
|
February 28, |
|
|
% of |
|
|
Change |
|
|
|
2022 |
|
|
Total |
|
|
2021 |
|
|
total |
|
|
$ |
|
|
% |
|
Electronics/Microelectronics |
|
$ |
7,134,000 |
|
|
|
42% |
|
|
$ |
5,997,000 |
|
|
|
40% |
|
|
$ |
1,137,000 |
|
|
|
19% |
|
Medical |
|
|
4,338,000 |
|
|
|
25% |
|
|
|
3,369,000 |
|
|
|
23% |
|
|
|
969,000 |
|
|
|
29% |
|
Alternative Energy |
|
|
3,688,000 |
|
|
|
22% |
|
|
|
2,144,000 |
|
|
|
15% |
|
|
|
1,544,000 |
|
|
|
72% |
|
Emerging R&D and
Other |
|
|
918,000 |
|
|
|
5% |
|
|
|
1,055,000 |
|
|
|
7% |
|
|
|
(137,000) |
|
|
|
(13% |
) |
Industrial |
|
|
1,055,000 |
|
|
|
6% |
|
|
|
2,268,000 |
|
|
|
15% |
|
|
|
(1,213,000) |
|
|
|
(53%) |
|
TOTAL |
|
$ |
17,133,000 |
|
|
|
|
|
|
$ |
14,833,000 |
|
|
|
|
|
|
$ |
2,300,000 |
|
|
|
16% |
|
Geographic
Sales |
|
Twelve Months Ended |
|
|
|
|
|
|
February 28, |
|
|
February 28, |
|
|
Change |
|
|
|
2022 |
|
|
2021 |
|
|
$ |
|
|
% |
|
U.S. &
Canada |
|
$ |
5,480,000 |
|
|
$ |
5,155,000 |
|
|
$ |
325,000 |
|
|
|
6% |
|
Asia Pacific (APAC) |
|
|
5,301,000 |
|
|
|
4,171,000 |
|
|
|
1,130,000 |
|
|
|
27% |
|
Europe, Middle East, Asia
(EMEA) |
|
|
5,255,000 |
|
|
|
4,287,000 |
|
|
|
968,000 |
|
|
|
23% |
|
Latin America |
|
|
1,097,000 |
|
|
|
1,220,000 |
|
|
|
(123,000 |
) |
|
|
(10% |
) |
TOTAL |
|
$ |
17,133,000 |
|
|
$ |
14,833,000 |
|
|
$ |
2,300,000 |
|
|
|
16% |
|
Sono Tek (NASDAQ:SOTK)
Historical Stock Chart
From Aug 2024 to Sep 2024
Sono Tek (NASDAQ:SOTK)
Historical Stock Chart
From Sep 2023 to Sep 2024