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

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.