-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CmHXm9GQ6OyDmtNommbE1EEqw6r02zeOEaYtklprKJCy5NJaBCnm1sRVnSUPKGtB jOcWAGMHJNNRMOwYiGhaCQ== 0000891092-04-004768.txt : 20041013 0000891092-04-004768.hdr.sgml : 20041013 20041013151623 ACCESSION NUMBER: 0000891092-04-004768 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041013 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20041013 DATE AS OF CHANGE: 20041013 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SONO TEK CORP CENTRAL INDEX KEY: 0000806172 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 141568099 STATE OF INCORPORATION: NY FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-16035 FILM NUMBER: 041076910 BUSINESS ADDRESS: STREET 1: 2012 RT 9W BLDG 3 CITY: MILTON STATE: NY ZIP: 12547 BUSINESS PHONE: 8457952020 MAIL ADDRESS: STREET 1: 2012 RT. 9W, BLDG. 3, CITY: MILTON STATE: NY ZIP: 12547 8-K 1 e19265_8k.txt FORM 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 13, 2004 Sono-Tek Corporation ------------------------------------------------------ (Exact name of registrant as specified in its charter) Commission File Number: 0-16035 New York 14-1568099 ------------------------ ------------------------ (State of Incorporation) (I.R.S. Employer ID No.) 2012 Route 9W, Milton, New York 12547 ---------------------------------------- ---------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (845) 795-2020 Check appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions: [_] Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425) [_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) The Company issued a press release today regarding the quarterly earnings for the three and six month periods ended August 31, 2004. Item 2.02: Press Release dated October 13, 2004. Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SONO-TEK CORPORATION By: /s/ Christopher L. Coccio ------------------------- Christopher L. Coccio Chief Executive Officer October 13, 2004 EX-99 2 e19265ex99.txt PRESS RELEASE Exhibit 99 Sono-Tek Announces Second Quarter Earnings MILTON, N.Y., Oct. 13 /PRNewswire-FirstCall/ -- Sono-Tek Corporation (OTC Bulletin Board: SOTK) today announced sales of $1,514,937 for the three months ended August 31, 2004, an increase of 119% or $824,202 compared to sales of $690,735 for the same period of last year. For the six months ended August 31, 2004, the Company reported sales of $2,721,369, an increase of 88% or $1,272,112 compared to sales of $1,449,257 for the same period of last year. Operating income for the three and six month periods ended August 31, 2004 was $233,680 and $ 396,251 (both 15% of sales) compared to $41,472 and $102,255 (6% and 7% of sales, respectively) for the same periods of the prior year. For the three and six months ended August 31, 2004, the Company had record net income of $207,114 and $341,724 compared to $5,749 and $16,795 for the three and six month periods ended August 31, 2003. The balance sheet is improved from last year at this time with working capital at $1,306,166 at August 31, 2004 from working capital of $569,753 last year and shareholders' equity improved from a deficit of $622,658 at August 31, 2003 to positive equity of $1,074,507 at August 31, 2004. The Company has reduced or repaid $240,000 of its subordinated mezzanine debt since February 29, 2004. The Company's sales levels have increased as the result of an improved economy, product development efforts, and related marketing initiatives, which have had the effects of improving net income, reducing debt, and bringing shareholders' equity from a deficit position to a positive position. According to Dr. Christopher L. Coccio, Sono-Tek's CEO and President, "At our Annual Meeting of Shareholders in August, we reported that we were experiencing growth at a rate over 50%. In fact our year to date performance exceeded our expectations and we experienced sales growth of 88%. During this quarter we also announced the introduction of our MicroMist stent coating system, a strategic alliance with the nanotechnology firm, NanoBiomagnetics, and the selection of Sono-Tek as the distributor in the U.S. and Canada for EVS International's solder recovery system. We recently showed the EVS product line at the Assembly Technology Exhibition in Chicago, where it was received enthusiastically." Further he stated, "This quarter's operations point out the diversity of Sono-Tek's current product line. We achieved sales growth in all of our market areas: electronics, industrial coatings and medical coatings. We are excited about our strengthening business prospects and look forward to continued growth in future quarters." For further information, contact Dr. Christopher L. Coccio, at 845-795-2020, or visit our website at http;//www.sono-tek.com Sono-Tek Corporation is a leading developer and manufacturer of liquid spray products based on its proprietary ultrasonic nozzle technology. Founded in 1975, the Company's products have long been recognized for their performance, quality, and reliability. This earnings release contains forward looking statements regarding future events and the future performance of Sono-Tek Corporation that involve risks and uncertainties that could cause actual results to differ materially. These factors include, among other considerations, general economic and business conditions; political, regulatory, competitive and technological developments affecting the Company's operations or the demand for its products; timely development and market acceptance of new products; adequacy of financing; capacity additions and the ability to enforce patents. We refer you to documents that the company files with the Securities and Exchange Commission, which includes Form 10-KSB and Form 10-QSBs containing additional important information. Sono-Tek Corporation Selected Financial Data Three Months Ended August 31, Six Months Ended August 31, 2004 2003 2004 2003 Net Sales $2,721,369 $1,449,257 $1,514,937 $690,735 Net Income $341,724 $16,795 $207,114 $5,749 Basic Earnings Per Share - $0.03 $0.00 $0.02 $0.00 Diluted Earnings Per Share - $0.03 $0.00 $0.02 $0.00 Weighted Average Shares - Basic 11,014,757 9,200,161 11,176,044 9,200,161 Weighted Average Shares - Diluted 13,064,644 10,242,454 13,151,455 10,302,258 SOURCE Sono-Tek Corporation -0- 10/13/2004 /CONTACT: Dr. Christopher L. Coccio, of Sono-Tek Corporation, +1-845-795-2020/ /Web site: http://www.sono-tek.com / (SOTK) CO: Sono-Tek Corporation ST: New York IN: MAC CHM OTC SU: ERN -----END PRIVACY-ENHANCED MESSAGE-----