NEWS
Sono-Tek Reports 40% Increase in Sales and 525% Increase in Net Income for First Quarter Fiscal 2025
Positive
Net sales increased by 40% to $5.03 million.
Gross profit rose by 38% to $2.45 million.
Operating income reached $238,000, up from a loss of $92,000.
Net income surged by 525% to $331,000, or $0.02 per share.
Cash reserves increased to $12.2 million with no outstanding debt.
Negative
Gross margin decreased slightly to 48.8% from 49.3%.
Combined equipment and service-related backlog decreased by 16% to $7.83 million.
Net sales increased by 40% to $5.03 million.
Gross profit rose by 38% to $2.45 million.
Operating income reached $238,000, up from a loss of $92,000.
Net income surged by 525% to $331,000, or $0.02 per share.
Cash reserves increased to $12.2 million with no outstanding debt.
Negative
Gross margin decreased slightly to 48.8% from 49.3%.
Combined equipment and service-related backlog decreased by 16% to $7.83 million.
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