-----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, Lc050/W5bHCilkmxXCCBqAfPQ2jCFsGyNKbU/1GRPVUv/y7Iy4HAvjdLeTcMciXg jpPqLWCA0MgKrNu7RCao/g== 0001171520-10-000054.txt : 20100114 0001171520-10-000054.hdr.sgml : 20100114 20100114151658 ACCESSION NUMBER: 0001171520-10-000054 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100112 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100114 DATE AS OF CHANGE: 20100114 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: 10527519 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 eps3677.htm SONO-TEK CORPORATION eps3677.htm
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): January 12, 2010

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 January 12, 2010, Sono-Tek Corporation issued a press release regarding its quarterly results for the quarter ended November 30, 2009, in the form attached as exhibit 99.1

Item 9.01: Financial Statements and Exhibits.

(d)   Exhibits

99.1           Press Release dated January 12, 2010.
 

 
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

January 14, 2010
 
 
EX-99.1 2 ex99-1.htm ex99-1.htm
Exhibit 99.1


Sono-Tek Announces Third Quarter Results


(January 12, 2010 – Milton, NY) Sono-Tek Corporation (OTC BB:SOTK) today announced sales of $1,980,000 for the three months ended November 30, 2009, compared to sales of $1,582,000 for the same period last year, an increase of 25% and a record sales level for the Company. For the nine months ended November 30, 2009, the Company’s sales increased to $5,129,000 from $4,808,000 for the same period last year, an increase of 7%. The Company attributed the sales increases to the Company’s diversification program which was implemented last year and noted that the sales increase was across the board in newer markets such as coatings for solar and fuel cells, as well as established markets supplying coating systems for glass customers and medical device coating customers. Even the electronics industry, hard hit by the recession, has been showing signs of life in response to our newer products, the SonoFlux EZ and Servo.

As a result of increased sales and reduced costs, the Company reported net income of $135,000 for the three months ended November 30, 2009 as compared to a net loss of ($976,000) for the same period last year.  For the nine months ended November 30, 2009, the Company reported net income of $6,000 as compared to a net loss of ($1,284,000) for the same period last year.

According to Dr. Christopher L. Coccio, Chairman and CEO, “We are extremely pleased and thankful to see that the hard work we did last year and earlier this year has begun to pay off in increased revenues and profitability. It was a challenge to embark on a diversification program at a time when the economy was beginning to falter, but now, in hindsight, the results are what we had hoped for when we began the program. As we look ahead to the end of our fiscal year in February, we anticipate another strong quarter in terms of sales and income, and expect to finish the year with both a strong turnaround performance and a healthy backlog for the upcoming fiscal year.”

In addition, Dr. Joseph Riemer, President, who has taken personal leadership for the development of food industry applications reports, “In 2009, Sono-Tek successfully introduced industrial scale ultrasonic spray coating equipment to the food industry. The unique advantage of Sono-Tek’s technology, is superior transfer efficiency over conventional spraying systems. Accordingly, a controllable, uniform coating application layer of material ranging from a nano to micron thickness can be achieved, resulting in significant materials savings and a quick ROI. Of particular importance are our recent sales to the baked goods industry. This industry operates on a low margin – high volume basis. Our ultrasonic spray coating equipment enables manufacturers of baked goods to improve their margins through significant cost of goods savings. One of the Company’s goals is to expand upon and develop future sales growth from the global baked goods industry, and specifically from the sale of ultrasonic spray coating equipment  for de-panning oils, anti microbial solutions and decorative glazes. “


 
 

 

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 ability to achieve increased sales volume and continued profitability. We refer you to documents that the company files with the Securities and Exchange Commission, which includes Form 10-K and Form 10-Qs containing additional important information.



Sono-Tek Corporation
Selected Financial Data

Unaudited


   
Nine Months Ended
November 30,
   
Three Months Ended
November 30,
 
   
2009
   
2008
   
2009
   
2008
 
                         
Net Sales
  $ 5,128,933     $ 4,808,012     $ 1,980,321     $ 1,582,010  
                                 
Net Income (Loss)
  $ 6,353     $ (1,284,038 )   $ 135,233     $ (976,284 )
                                 
Basic Earnings (Loss) Per Share
  $ 0.00     $ (0.09 )   $ 0.01     $ (0.07 )
                                 
Diluted Earnings (Loss) Per Share
  $ 0.00     $ (0.09 )   $ 0.01     $ (0.07 )
                                 
Weighted Average Shares - Basic
    14,414,889       14,372,056       14,415,214       14,386,864  
                                 
Weighted Average Shares - Diluted
    14,459,671       14,372,056       14,535,372       14,386,864  

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