SONO TEK CORP SOTK
"We" or "Our") is the world leader in the design and manufacture of ultrasonic coating systems for applying precise,
thin film coatings to add functional properties, protect or strengthen surfaces on parts and components for the microelectronics/electronics,
alternative energy, medical, industrial and emerging research & development/other markets. We design and manufacture custom-engineered
ultrasonic coating systems incorporating our patented technology, in combination with strong applications engineering knowledge, to assist
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.0M | $8.0M | $8.8M | $8.3M | $11.7M | $9.7M | $10.8M | $7.6M | $6.2M | $9.6M |
| Cost of revenue | $10.3M | $10.8M | $9.9M | $7.4M | $8.5M | $7.8M | $8.0M | $6.4M | $5.7M | $5.3M |
| Gross profit | $10.6M | $9.7M | $9.8M | $7.7M | $8.6M | $7.0M | $7.3M | $5.2M | $5.3M | $4.4M |
| R&D | $2.6M | $2.7M | $2.9M | $2.1M | $1.7M | $1.6M | $1.4M | $1.3M | $1.3M | $1.3M |
| SG&A | $2.7M | $2.3M | $2.1M | $1.6M | $1.6M | $1.2M | $1.4M | $1.2M | $1.1M | $1.0M |
| Total operating expenses | $8.7M | $8.7M | $8.7M | $7.0M | $6.7M | $5.7M | $6.2M | $5.2M | $4.9M | $4.5M |
| Operating income | $1.8M | $1.0M | $1.2M | $683.0K | $1.9M | $1.3M | $1.1M | $82.5K | $381.6K | -$178.6K |
| Interest expense | — | — | — | — | — | $39.8K | $33.0K | $40.0K | $46.1K | $52.3K |
| Pre-tax income | $2.3M | $1.5M | $1.7M | $789.9K | $2.9M | $1.3M | $1.2M | $181.4K | $460.1K | $115.1K |
| Income tax | $461.4K | $260.7K | $303.1K | $154.0K | $361.6K | $227.2K | $106.0K | $19.8K | $91.9K | $19.4K |
| Net income | $1.8M | $1.3M | $1.4M | $635.9K | $2.5M | $1.1M | $1.1M | $161.6K | $368.2K | $95.7K |
| EPS, basic | 0.11 | 0.08 | 0.09 | 0.04 | 0.16 | 0.07 | 0.07 | 0.01 | 0.02 | 0.01 |
| EPS, diluted | 0.11 | 0.08 | 0.09 | 0.04 | 0.16 | 0.07 | 0.07 | 0.01 | 0.02 | 0.01 |
| Shares, diluted (wtd. avg.) | $15.7M | $15.8M | $15.8M | $15.8M | $15.6M | $15.7M | $15.4M | $15.2M | $15.1M | $15.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.3M | $5.2M | $2.1M | $3.4M | $4.8M | $4.1M | $3.7M | $3.1M | $2.0M | $2.6M |
| Short-term investments | $7.5M | $6.7M | $9.7M | $8.1M | $5.9M | $4.6M | $4.2M | $2.4M | $4.4M | $2.3M |
| Receivables | $3.4M | $2.3M | $1.5M | $1.6M | $1.1M | $1.8M | $929.7K | $1.4M | $774.8K | $1.2M |
| Inventory | $3.9M | $4.5M | $5.2M | $3.2M | $2.4M | $2.6M | $2.4M | $1.7M | $1.4M | $1.3M |
| Total current assets | $22.8M | $19.0M | $18.7M | $16.6M | $14.5M | $13.2M | $11.3M | $9.0M | $8.7M | $7.5M |
| Property, plant and equipment | $2.2M | $2.6M | $2.8M | $2.6M | $2.6M | $2.7M | $2.9M | $2.5M | $2.3M | $2.5M |
| Other intangibles | $29.8K | $37.4K | $47.6K | $57.2K | $76.0K | $95.5K | $106.3K | $122.9K | $136.6K | $153.3K |
| Total assets | $26.4M | $23.4M | $23.1M | $20.2M | $17.6M | $16.4M | $14.7M | $12.2M | $11.8M | $10.7M |
| Accounts payable | $1.0M | $859.5K | $1.0M | $810.9K | $684.5K | $1.3M | $668.7K | $585.7K | $652.9K | $336.6K |
| Short-term debt | — | — | — | — | — | — | $169.7K | $162.8K | $156.1K | $149.7K |
| Total current liabilities | $6.6M | $5.5M | $6.6M | $5.5M | $3.7M | $4.3M | $4.2M | $2.5M | $2.1M | $1.4M |
| Long-term debt | — | — | — | — | — | $1.0M | $538.0K | $707.7K | $870.5K | $1.0M |
| Total liabilities | $6.6M | $5.6M | $6.9M | $5.5M | $3.9M | $5.5M | $5.0M | $3.6M | $3.4M | $2.8M |
| Retained earnings | $9.4M | $7.6M | $6.4M | $4.9M | $4.3M | $1.7M | $610.5K | -$496.9K | -$760.1K | -$1.1M |
| Total equity | $19.8M | $17.8M | $16.3M | $14.6M | $13.7M | $11.0M | $9.8M | $8.6M | $8.4M | $7.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.2M | $525.0K | $1.2M | $1.3M | $2.3M | $725.2K | $3.3M | -$109.0K | $1.8M | $1.0M |
| Depreciation and amortisation | $669.3K | $700.5K | $597.2K | $510.9K | $435.5K | $463.1K | $406.7K | $332.1K | $399.5K | $440.2K |
| Stock-based compensation | $317.0K | $248.0K | $204.0K | $256.7K | $179.3K | $47.6K | — | — | — | — |
| Capital expenditure | $224.6K | $468.8K | $794.7K | $555.9K | $326.9K | $344.4K | $722.2K | $547.3K | $189.2K | $182.8K |
| Investing cash flow | -$968.0K | $2.6M | -$2.4M | -$2.8M | -$1.6M | -$594.6K | -$2.6M | $1.4M | -$2.2M | -$716.4K |
| Financing cash flow | -$140.5K | -$7.9K | — | — | $68.8K | $293.9K | -$162.8K | -$156.1K | -$149.5K | -$143.4K |
| Buybacks | $151.1K | $7.9K | — | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001171520-26-000185.
Others in SIC 3559
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| LRCX | LAM RESEARCH CORP | $384.97B | 53.4x | 26.0% |
| ACMR | ACM Research, Inc. | $5.05B | 54.3x | 15.2% |
| ACLS | AXCELIS TECHNOLOGIES INC | $3.55B | 30.3x | -17.6% |
| VECO | VEECO INSTRUMENTS INC | $2.73B | 75.7x | -7.4% |
| AZTA | Azenta, Inc. | $1.37B | — | 3.6% |
| CRCT | Cricut, Inc. | $1.16B | 15.8x | -0.5% |
| ERII | Energy Recovery, Inc. | $389.5M | 18.2x | -6.9% |
| VELO | Velo3D, Inc. | $373.3M | — | 12.1% |