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Sono Tek Corp - SOTK STOCK NEWS

Welcome to our dedicated page for Sono Tek news (Ticker: SOTK), a resource for investors and traders seeking the latest updates and insights on Sono Tek stock.

Introduction to Sono-Tek Corp

Sono-Tek Corp (NASDAQ: SOTK) was established in 1975 by Dr. Harvey Berger, the inventor of the ultrasonic nozzle. The company has evolved into a specialized manufacturer and designer of precision ultrasonic spray nozzle systems, serving a variety of industries. Utilizing state-of-the-art ultrasonic coating systems, Sono-Tek transforms high-frequency sound waves into mechanical vibrations that atomize liquids, resulting in nano to micron thin film coatings that are both uniform and highly efficient. Key industry terms such as ultrasonic coating systems, thin film technology, and precision manufacturing underscore the technical sophistication and market relevance of its products.

Core Technology and Business Model

Sono-Tek's proprietary technology is at the crux of its operations. The company designs innovative ultrasonic nozzle systems that use high frequency vibrations to convert liquids into precisely controlled droplets. This process enables the production of exceedingly thin films with excellent transfer efficiency and minimal overspray. The technology is applicable in a broad range of applications, from the microelectronics and semiconductor sectors to alternative energy, medical device coatings, industrial manufacturing, and more. The business model is built around the design, manufacturing, and integration of ultrasonic coating systems, combined with supplementary application consulting services that empower customers to achieve optimal production performance.

Market Applications and Industry Impact

Sono-Tek’s solutions address critical needs in several high-tech industries by delivering high uniformity, reproducibility, and cost-effective material usage. In the alternative energy arena, its ultrasonic coating systems are pivotal for advancing technologies related to fuel cells, solar cells, carbon capture, and green hydrogen. In the realm of microelectronics and semiconductor manufacturing, the company’s systems are deployed for tasks such as photoresist coatings and PCB fluxing, ensuring precision and reliability. Additionally, the medical device sector benefits from the fine line and selective coatings applied on implantable devices, such as stents and catheters, which require strict process control and biocompatibility. Other sectors including glass manufacturing, textiles, and nanotechnology also leverage the benefits of Sono-Tek's technology.

Competitive Landscape and Differentiation

Within the competitive landscape, Sono-Tek distinguishes itself through its technological innovation and deep understanding of process requirements. The company’s ultrasonic nozzle systems are engineered to minimize material waste by reducing overspray, a challenge faced by conventional coating methods. This focus on high transfer efficiency and minimal material loss is particularly crucial in applications where expensive chemicals are involved. Additionally, the company’s robust R&D capabilities and its ability to transition from R&D-scale systems to production-scale machines enhance its profile compared to competitors. By combining direct sales strategies with an established network of independent distributors and experienced sales representatives, Sono-Tek ensures comprehensive market reach and effective customer support.

Operational Excellence and Global Reach

Sono-Tek operates with a clear emphasis on operational excellence. The company’s manufacturing expertise and precision engineering capabilities allow it to supply ultrasonic coating solutions to a diverse global customer base. This includes specialized orders from emerging clean energy companies, where the technology is applied not only in R&D settings but also in large-scale production environments. The logistical and technical support provided during system integration ensures that the coating systems deliver consistent performance across multiple industries. The company's organizational structure emphasizes continuous improvement and customization, catering to both standard and unique application requirements.

Industry Keywords and Technological Insights

Throughout its operations, Sono-Tek leverages industry-specific terminology and technological insights that underpin its credibility in the market. Terms such as ultrasonic coating technology, thin film application, and precision atomization are not only descriptive of the technology but also serve to highlight the intrinsic value provided to customers. By converting high-frequency sound energy into controlled mechanical vibrations, the company’s systems achieve droplet sizes that are mathematically predictable, allowing for superior control over film thickness and uniformity. These characteristics are crucial for industries that demand rigorous tolerance levels and enhanced product performance.

Integration of R&D and Production Capabilities

A notable aspect of Sono-Tek’s business model is its integrated approach to research and production. Customers often start with an R&D system from Sono-Tek, using it as a testbed to develop and refine their coating processes. Once the process parameters are optimized, customers transition to production-scale systems that offer higher throughput and efficiency. This seamless integration from innovation to scalable production not only reduces the time-to-market for new applications but also reinforces the company’s reputation for reliability and technological validation.

Applications and Benefits in Diverse Sectors

Sono-Tek’s ultrasonic coating systems have been adopted in a range of sectors, each benefiting from the unique properties of the technology. In the semiconductor industry, the systems enable uniform application of photoresists and other coatings critical for circuit fabrication. In clean energy, the coatings contribute to enhanced performance in advance solar technologies, fuel cell efficiency, and hydrogen generation. Medical device applications such as implantable stents and diagnostic tools similarly benefit from the ultra-thin, consistent coatings that help meet stringent regulatory and performance standards. Industrial applications in glass, textiles, and food processing reflect the adaptability of the technology, showcasing its potential to deliver improved process repeatability and material savings across different environments.

Collaboration and Customer-Centric Approach

The collaborative ethos at Sono-Tek is evident in its approach to customer engagements. The company works closely with its clients to understand their unique process challenges and customize its solutions accordingly. Through a combination of tailored technical support and application engineering expertise, Sono-Tek builds long-term relationships with its customers. This customer-centric approach not only drives repeat business but also fosters innovation by integrating user feedback into future product development cycles.

Conclusion

In summary, Sono-Tek Corp stands out as a technically advanced and market-responsive company. Its ultrasonic coating systems are engineered to deliver high precision and efficiency across a broad spectrum of industrial applications. The company’s deep expertise, integrated R&D-to-production approach, and commitment to operational excellence make it an indispensable player in industries requiring specialty thin film applications. By consistently addressing the needs of sectors such as alternative energy, microelectronics, and medical devices, Sono-Tek continues to provide solutions that not only enhance process reliability but also drive technological progress in its fields of operation.

Rhea-AI Summary

Sono-Tek Corporation (NASDAQ: SOTK) announced a conference call to discuss its second quarter and first half fiscal year 2022 financial results, scheduled for October 13, 2021, at 11:00 AM EST. A press release with the financial results will be issued before the market opens on the same day. The company specializes in ultrasonic coating systems designed for various markets including microelectronics, alternative energy, and medical applications. Sono-Tek emphasizes environmentally friendly and efficient solutions aimed at reducing overspray and material costs.

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Sono-Tek Corporation (Nasdaq: SOTK), a leader in ultrasonic coating systems, will present virtually at the 14th annual Main Event on October 12th at 9:30 AM ET. Dr. Christopher L. Coccio, Chairman and CEO, and Steve Harshbarger, President and COO, will share insights on operational trends and growth outlook following their recent Nasdaq uplisting. The three-day virtual investor conference will showcase approximately 150 companies. To watch the presentation, register here.

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Sono-Tek Corporation (NASDAQ: SOTK) announced a new program aimed at enhancing its applications expertise in emerging markets with significant growth potential. The initiative focuses on developing coating knowledge for next-generation technology-based products. The company plans to allocate resources, including application engineers, to explore these markets, anticipating capturing opportunities during customer product development. This strategic move aligns with Sono-Tek's projection to achieve record revenue in fiscal year 2022, ending February 28, 2022.

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Sono-Tek Corporation (Nasdaq: SOTK), a leader in ultrasonic coating systems, will ring the Nasdaq Stock Market Closing Bell on September 3, 2021. This event marks a significant milestone following the start of trading of its common shares on the Nasdaq Capital Market on August 27. Dr. Christopher L. Coccio, CEO, expressed pride in this achievement, highlighting the company’s innovative products for global markets, including microelectronics and medical applications. Sono-Tek aims to leverage its technologies for continued growth in environmentally-friendly coating solutions.

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Sono-Tek Corporation (SOTK) has received approval to list its common stock on the Nasdaq Capital Market, effective August 27, 2021. This uplisting marks a key milestone for the company, enhancing its visibility in the investment community and potentially increasing institutional ownership and trading liquidity. The company specializes in ultrasonic coating systems for various industries, promoting environmentally-friendly and efficient solutions. The leadership believes this move reflects their years of dedication and strategic growth initiatives aimed at creating long-term shareholder value.

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Sono-Tek Corporation (SOTK) held its Annual Shareholders Meeting on August 19, 2021, discussing Fiscal Year 2021 results. Revenue was flat at $14.8 million, with net income unchanged at $1.1 million. The company reported a 6% revenue increase and 56% net income growth in Q1 2022 compared to the previous year. Sono-Tek anticipates stronger revenue in Q2 2022 and aims for record sales this fiscal year. The company is focusing on sectors like semiconductors, medical devices, and clean energy, driven by climate change concerns.

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Sono-Tek Corporation (SOTK) reported Q1 FY2022 sales of $3.64M, up 6% year-over-year, driven by demand in the semiconductor and electronic diagnostic markets. Gross profit rose 17% to $1.82M with a gross margin of 50%. Operating income increased 86% to $343K, while net income rose 56% to $261K, excluding $1M from PPP forgiveness. Backlog increased 14% to $4.38M. The company projects double-digit sales growth in Q2 and its highest annual sales in history for FY2022.

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Sono-Tek Corporation (OTCQX: SOTK) announced a partnership to develop Roll-to-Roll coating equipment for high-volume proton-exchange membrane (PEM) fuel cells, enhancing its position in the alternative energy market. This two-year program aims to improve throughput speeds and product offerings. Sono-Tek's President highlighted the company's strong financial position, projecting record revenue for fiscal year 2022. The advancements from this project are expected to benefit both PEM fuel cell clients and applications in CO2 reduction technology.

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Sono-Tek Corporation (OTCQX: SOTK) reported a 9.5% year-over-year increase in backlog as of February 28, 2021, despite facing challenges during the COVID-19 pandemic. Fiscal 2021 net sales reached $14.83 million, a 3% decrease from the previous year. Gross profit margin held steady at 47.2%, while cash and equivalents rose to a record $8.6 million. For fiscal 2022, the company anticipates exceeding pre-COVID sales levels of $15.5 million. Operating income increased by 20% to $1.34 million, indicating ongoing efficiency improvements.

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Sono-Tek Corporation (OTCQX: SOTK) announced that CEO Dr. Chris Coccio and President Steve Harshbarger will present at the Q1 Virtual Investor Summit on March 23, 2021, at 10:00 AM EST. The conference will be held online from March 23-25, featuring over 100 companies and more than 300 investors. Participants can attend the presentation by registering via a provided link. Sono-Tek specializes in ultrasonic coating systems for various markets, offering environmentally-friendly solutions that reduce waste and improve efficiency. More details about the company can be found on their website.

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FAQ

What is the current stock price of Sono Tek (SOTK)?

The current stock price of Sono Tek (SOTK) is $3.55 as of April 2, 2025.

What is the market cap of Sono Tek (SOTK)?

The market cap of Sono Tek (SOTK) is approximately 57.8M.

What is the core business of Sono-Tek Corp?

Sono-Tek Corp designs and manufactures ultrasonic coating systems that apply thin film coatings for various industrial, medical, and energy applications.

How do Sono-Tek's ultrasonic coating systems work?

The systems convert high-frequency sound waves into mechanical vibrations to atomize liquids into nano to micron-sized droplets, enabling uniform and efficient thin film deposition.

Which industries benefit most from Sono-Tek's technology?

Key industries include alternative energy, microelectronics, semiconductor manufacturing, medical device coatings, glass production, textiles, industrial coatings, and nanotechnology.

How does Sono-Tek support its customers in transitioning from R&D to production?

Sono-Tek provides initial R&D-scale systems to develop and optimize coating processes, followed by production-scale systems with enhanced throughput and efficiency, along with tailored technical support.

What makes Sono-Tek's technology different from conventional coating methods?

Sono-Tek's ultrasonic systems offer extremely high transfer efficiency, reduced overspray, and superior control over film thickness, making them more precise compared to conventional coating techniques.

How does the company manage its market distribution?

Sono-Tek employs a direct sales force supplemented by independent distributors and experienced sales representatives to ensure broad and effective market reach globally.

What role does R&D play at Sono-Tek Corp?

R&D is integral to Sono-Tek's operations, driving innovation and enabling the seamless transition from experimental R&D systems to scalable production machines.

How does Sono-Tek maintain its competitive edge in the market?

The company differentiates itself through its proprietary ultrasonic technology, rigorous process control, customized solutions, and a strong focus on operational excellence and customer collaboration.
Sono Tek Corp

Nasdaq:SOTK

SOTK Rankings

SOTK Stock Data

57.81M
12.24M
22.02%
46.58%
0.04%
Scientific & Technical Instruments
Special Industry Machinery, Nec
Link
United States
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