-----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, ObmoZO6rtgYbm5SR9QMvHJBeSrg7pxRu1FaBRYG/UBybEdbhkIxRrRkoprPFV/md 2u3sesq8NDhQxotMMJUoWg== 0001171520-08-000603.txt : 20081017 0001171520-08-000603.hdr.sgml : 20081017 20081017133756 ACCESSION NUMBER: 0001171520-08-000603 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081016 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081017 DATE AS OF CHANGE: 20081017 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: 081129051 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 eps3148.txt SONO-TEK 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 16, 2008 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)) Item 7.01: Regulation FD Disclosure. On October 16, 2008, the Company issued a press release regarding the quarterly earnings for the three month period ended August 31, 2008 in the form of the attached exhibit 99.1. Item 9.01: Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release dated October 16, 2008. 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/ Stephen J. Bagley --------------------- Stephen J. Bagley Chief Financial Officer October 17, 2008 EX-99.1 2 ex99-1.txt Exhibit 99.1 Sono-Tek Announces Second Quarter Results (October 16, 2008-Milton, NY) Sono-Tek Corporation (OTC BB: SOTK) today announced sales of $1,605,000 for the three months ended August 31, 2008, compared to sales of $1,415,000 for the same period last year. For the six months ended August 31, 2008, the Company's sales increased to $3,226,000 from $2,647,000 for the same period last year, an increase of 22%. Dr. Christopher L. Coccio, Chairman and CEO, attributed the increase to the new business development program, and noted that the sales increase was based on products such as the Exactacoat and Flexicoat, which serve the new solar and fuel cell markets, WideTrack systems for new glass customers and our first textile finishing system, and the new line of SonoDry ultrasonic spray dryers for the pharmaceutical and nanotechnology industries. He also noted that we have our first food industry orders which will ship in October 2008 for customer trials, and while they are not part of second quarter sales, it is very encouraging news for this business segment. The Company reported a net loss of ($177,000) for the three months ended August 31, 2008, compared to net income of $12,000 for the prior year period. The current period net loss is attributed to the increased spending required by the technical and market development portions of the new business development program. According to Dr. Coccio, "We have spent the last year building technical infrastructure and intellectual property, improving laboratory and other facilities and ramping up trade show presence and our sales organization. This has all been part of a very aggressive program to take the Company to new levels, and we will continue it in spite of the difficulties facing the economy. Nonetheless, we will be looking at each part of the program for costs and results, deferring some items to preserve cash until economic conditions improve. We will continue to be on the offensive for new opportunities, but at the same time, reduce program spending during the current period of uncertainty in the economy." Recent developments included two awards for the Company. The first was the SMTA Award for best new product, given for the SonoFlux 2000FP 660, a new programmable fluxing machine that is capable of handling printed circuit boards up to 24 inches in width, and which can be automatically switched to other size boards during operations. The second award was the selection of Dr. Coccio for one of the "Best CEO" awards for 2008, based on the Company's financial performance over the past five years. This award was given by Demarche Associates and was awarded to approximately 200 firms out of the 8,000 large and small companies in the S & P Compustat database. For further information, contact Dr. Christopher L. Coccio, at 845-795-2020, or visit our website at 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, the ability to enforce patents and the successful implementation of the business development program. 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 Unaudited
Six Months Ended August 31, Three Months Ended August 31, 2008 2007 2008 2007 Net Sales $ 3,226,003 $ 2,647,166 $ 1,605,482 $ 1,414,523 =========== =========== =========== =========== Net (Loss) Income $ (307,754) $ 31,984 $ (177,296) $ 12,070 =========== =========== =========== =========== Basic Earnings Per Share $ (0.02) $ 0.00 $ (0.01) $ 0.00 =========== =========== =========== =========== Diluted Earnings Per Share $ (0.02) $ 0.00 $ (0.01) $ 0.00 =========== =========== =========== =========== Weighted Average Shares - Basic 14,364,732 14,360,541 14,368,374 14,360,541 =========== =========== =========== =========== Weighted Average Shares - Diluted 14,364,732 14,445,376 14,368,374 14,444,427 =========== =========== =========== ===========
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