-----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, SNlVUsRPC+d5vovOmU6hkhj2N94snpEfw6mp/jDFw4F8w62q0WuWdawB7sAewunG cA65KKhNJKYQUIUjK0BxCQ== 0001171520-10-000651.txt : 20101007 0001171520-10-000651.hdr.sgml : 20101007 20101007142607 ACCESSION NUMBER: 0001171520-10-000651 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101006 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101007 DATE AS OF CHANGE: 20101007 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: 101113651 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 eps3946.htm SONO-TEK CORPORATION eps3946.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): October 6, 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 October 6, 2010, Sono-Tek Corporation issued a press release regarding its financial results for the quarter ended August 31, 2010, in the form attached as exhibit 99.1

Item 9.01: Financial Statements and Exhibits.

(d) Exhibits

99.1
Press Release dated October 6, 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

October 7, 2010

EX-99.1 2 ex99-1.htm ex99-1.htm
Exhibit 99.1


Sono-Tek Announces Second Quarter Results


(October 6, 2010 - Milton, NY) Sono-Tek Corporation (OTC BB: SOTK) today announced sales of $2,432,000 for the three months ended August 31, 2010, compared to sales of $1,684,000 for the prior year period, an increase of $748,000 or 44%.  Sales also increased when compared to our first quarter by $148,000 or 6.5% in areas such as alternative energy coating equipment, medical device coating equipment, and glass and other industrial coating equipment. Most of our sales growth is coming from segments that are considered “green” in that we are either helping to create non carbon based energy alternatives, or displacing wasteful industrial spraying systems with our ultrasonic atomization technology. The Company reported net i ncome of $126,000 for the three months ended August 31, 2010 versus net income of $41,000 for the three months ended August 31, 2009, an increase of $85,000 or 207%.

Dr. Christopher L. Coccio, Sono-Tek’s Chairman and CEO, commented that “We announced at our recent Annual Meeting a goal of achieving over $9,000,000 in sales this year and $500,000 in net income as a result of our growing business.  We are now well diversified in both product and market segments, as well as in geographical markets after the expenditures and investments we made previously. We are experiencing continuing quarter over quarter growth in sales, setting new revenue records for our business, and we are expecting to see over 25% growth this year compared to last year. This has been an exciting and dynamic time for our Company, and we are very pleased with the results of our efforts at diversification and growth over the past several years”.

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 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
 
   
Six Months Ended August 31,
   
Three Months Ended August 31,
 
   
2010
   
2009
   
2010
   
2009
 
                         
Net Sales
  $ 4,715,788     $ 3,148,612     $ 2,432,137     $ 1,683,883  
                                 
Net (Loss) Income
  $ 220,640     $ (128,881 )   $ 125,888     $ 40,546  
                                 
Basic Earnings Per Share
  $ 0.02     $ (0.01 )   $ 0.01     $ 0.00  
                                 
Diluted Earnings Per Share
  $ 0.02     $ (0.01 )   $ 0.01     $ 0.00  
                                 
Weighted Average Shares - Basic
    14,437,511       14,414,728       14,437,511       14,414,741  
                                 
Weighted Average Shares - Diluted
    14,594,030       14,414,728       14,568,332       14,476,241  


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