Sono-Tek Corporation ( (SOTK) ) has released its Q2 earnings. Here is a breakdown of the information Sono-Tek Corporation presented to its investors.
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Sono-Tek Corporation is a leading developer and manufacturer of ultrasonic coating systems, serving diverse industries such as medical devices, semiconductors, and clean energy with its innovative thin-film application technologies.
Sono-Tek Corporation has reported its fiscal second-quarter and first-half financial results for 2026, showcasing a record-breaking first half in terms of revenue. The company achieved its sixth consecutive quarter with revenues exceeding $5 million, driven by a significant increase in sales within the medical market.
Key financial highlights include a slight increase in net sales for the second quarter to $5.163 million and a 3% rise in gross profit to $2.6 million. Net income for the quarter saw a substantial 24% increase, reaching $424 thousand. For the first half of fiscal 2026, the company reported record revenue of $10.30 million, with gross profit up by 6% to $5.3 million and net income rising by 35% to $909 thousand. The company’s backlog grew by 50% sequentially, indicating strong order momentum, particularly in the medical device market.
The company remains optimistic about its future, updating its fiscal year 2026 guidance to reflect modest revenue growth, driven by increasing demand in the medical device sector. Despite potential challenges from changes in clean energy incentives and tariff policies, Sono-Tek is well-positioned with a strong balance sheet and backlog to continue its growth trajectory.
Looking ahead, Sono-Tek’s management expresses confidence in maintaining its profitability and growth, supported by its strategic diversification into sectors like medical devices and clean energy. The company aims to leverage its innovative technologies and strong market position to navigate potential market shifts and drive long-term success.