Sono-Tek GAAP EPS of $0.02, revenue of $4.05M, provides Q2 guidance

Jul. 18, 2022 8:59 AM ETSono-Tek Corporation (SOTK)By: Deepa Sarvaiya, SA News Editor

Sono-Tek press release (NASDAQ:SOTK): Q1 GAAP EPS of $0.02.
Revenue of $4.05M (+11.3% Y/Y).
“At this time, sales growth guidance for the second quarter of fiscal year 2023, ending August 31, 2022, is for a similar sales level as the second quarter of last year as some customers have delayed project approvals due to uncertainty over their supply chains. However, the Company’s development labs have been experiencing a significant increase in customer visits to explore new applications as customers return to traveling post-Covid, a positive indicator of potential future business, and we continue to plan for another record in annual sales for fiscal year 2023, ending February 28, 2023.” said Dr. Christopher L. Coccio, Chairman and CEO