-----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, J0egMQSlWB28ITXlieMdx/RQy7U1H/Cd/aDOnQAF55rggNemSScWPxSg4UphiR4e jGBZmHDtRpTbQIFr9xpZ7g== 0001171520-10-000347.txt : 20100527 0001171520-10-000347.hdr.sgml : 20100527 20100527120840 ACCESSION NUMBER: 0001171520-10-000347 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100525 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100527 DATE AS OF CHANGE: 20100527 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: 10861527 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 eps3829.htm SONO-TEK CORPORATION eps3829.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): May 25, 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 May 25, 2010, Sono-Tek Corporation issued a press release regarding its financial results for the fiscal year ended February 28, 2010, in the form attached as exhibit 99.1


Item 9.01: Financial Statements and Exhibits.

(d) Exhibits

99.1     Press Release dated May 25, 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

May 27, 2010
 
EX-99.1 2 ex99-1.htm EARNINGS RELEASE ex99-1.htm
Exhibit 99.1

Sono-Tek Announces Year End Results


(May 25, 2010 - Milton, NY) Sono-Tek Corporation (OTC BB: SOTK) today announced sales of $7,242,324 for the fiscal year ended February 28, 2010, compared to sales of $6,408,796 for the previous fiscal year, an increase of $833,528 or 13%.  Sales increased versus last year due to a strong showing in the advanced energy markets involving coating systems for fuel cells and solar energy devices, a relatively new market area for the Company. We also saw increased sales in the implantable medical device coating market, particularly equipment for coating cardiovascular stents.

According to Dr. Christopher L. Coccio, Sono-Tek’s Chairman and CEO, “ We are very pleased to see that our efforts at diversification have paid off this year, as we are now seeing a nicely distributed sales performance in four markets—electronics, advanced energy, medical devices, and industrial coating applications. We also have achieved a balanced geographical footprint with strong sales in Europe, Southeast Asia, China, and the Americas. We believe these two factors are responsible for our improving performance at a time when many other companies are experiencing continued difficulties.”

For the year ended February 28, 2010, we reported net income of $81,676 compared to a net loss of ($1,513,028) for the previous fiscal year.  This is a remarkable turnaround in profitability and results from the marketing and technology developments that led to the broad diversification mentioned above. After a loss in the first quarter of the fiscal year, each subsequent quarter produced a profit as our sales volume grew at a steady pace from $1,465,000 in the first quarter to $2,114,000 in the fourth quarter. Looking ahead, we expect to see continued sales growth and profitability for the first quarter of our current fiscal year which ends on May 31, 2010, full financial results will be issued in July 2010.

We will be continuing our emphasis on electronics, advanced energy, medical devices, and industrial applications including glass coatings, textile and fabric treatments, and food applications in the current year, as well as continuing our international coverage, which now represents two thirds of our business.

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; restoration of profitability 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-K and Form 10-Qs containing additional important informati on.


 
 

 


Sono-Tek Corporation
Selected Financial Data
 
     
 
Fiscal Year Ended
 
February 28, 2010
February 28, 2009
     
Net Sales
$7,242,324
$6,408,796
     
Net Income (Loss)
$81,676
($1,513,028)
     
Basic Earnings (Loss) Per Share -
$0.01
($.11)
     
Diluted Earnings (Loss) Per Share -
$0.01
($.11)
     
Weighted Average Shares - Basic
14,414,969
14,381,857
     
Weighted Average Shares - Diluted
14,524,417
14,381,857


-----END PRIVACY-ENHANCED MESSAGE-----