Latest Sono-Tek Corp (SOTK) Headlines Extraordi
Post# of 21
Posted On: 03/11/2014 10:45:31 AM
Latest Sono-Tek Corp (SOTK) Headlines
Extraordinary Summit of SADC Heads of State and Government [document]
All Africa Global Media - Fri Jan 31, 5:00PM CST
1. The Extraordinary Summit of the Heads of State and Government of the Southern Africa Development Community (SADC) was held in Addis Ababa, Federal Republic of Ethiopia on 30 January 2014.
Frost & Sullivan: Australian online advertising market outperforms all other traditional media channels
PR Newswire - Wed Jan 15, 7:43PM CST
The Australian online advertising market grew 16% in 2013, reaching $3.74 billion to account for 27% of total advertising expenditure in 2013. Online was the strongest performing across overall advertising expenditure in all media which was $13.9 billion, but grew by only 1.4% during the same period.
Sono-Tek Announces Third Quarter Results
PR Newswire - Wed Jan 15, 2:14PM CST
Sono-Tek Corporation (OTC BB: SOTK) today announced sales of $2,650,000 for the three months ended November 30, 2013, compared to sales of $2,202,000 for the prior year period, an increase of $448,000 or 20%. Once again, this quarter has also shown growth over the preceding quarter's sales, continuing a trend that began in the first quarter of this fiscal year. Markets that experienced sales increases over the prior year were in the float glass industry, the food industry, and the semiconductor industry. In the medical device area, the Company saw a decrease in stent coating, but the Company's new balloon catheter coating area has grown as some customers are moving into this more advanced cardiac treatment approach. The clean energy (solar and fuel cells) market is slower than last year as previously predicted, but the Company is optimistic for it to slowly recover over the next few years as production costs in this market decrease. China, in particular, has large plans for implementing solar energy as part of its campaign to reduce pollution which may bode well for the Company's sales to the solar and fuel cell markets. Geographically, US sales are consistent with last year, Latin America is up, and China has shown a significant recovery. Sales to India and Russia have also been on the rise this year, while Europe is slightly slower at this point in its recovery.
2013 Report on the Antimicrobial Coatings Market - with Forecast to 2018
M2 - Tue Nov 05, 3:14AM CST
Research and Markets (http://www.researchandmarkets.com/research/x492hs/antimicrobial) has announced the addition of the "2013 Report on the Antimicrobial Coatings Market - with Forecast to 2018" report to their offering. The report segments the market on the basis of product types, applications and geography, estimating and forecasting market volumes and revenues to 2018. The report strives to effectively portray the demand and supply characteristics of antimicrobial coatings by providing historical data from 2010 and a forecast of market numbers until 2018 along with accurate analysis of revenues and volumes. Application segments for antimicrobial coatings analyzed in this study include indoor air quality, mold remediation and medical/healthcare. Also, the study provides market dta on other important segments such as antimicrobial textiles, construction, food and others. It has been observed by experts and researchers that the major cause of illnesses in human beings is the ill-quality of indoor air. Pollution in the outside air essentially causes fewer instances of ill-health. Antimicrobial powder coatings - Silver - Others Surface modifications and coatings - E. Coli - Listeria - Pseudomonas - Others Antimicrobial coatings market, by application - Indoor air quality - Mold remediation - Medical/healthcare - Antimicrobial textiles - Construction - Food - Others Key Topics Covered: 1 Preface 1.1 Report description 1.2 Research scope 1.3 Research methodology 2 Executive Summary 3 Market Overview 3.1 Introduction 3.2 Value Chain Analysis 3.3 Market Drivers 3.4 Restraints 3.5 Opportunities 3.6 Porter's Five Force Analysis 3.7 Global antimicrobial coatings market: Market attractiveness 3.8 Antimicrobial Coatings Market: Company Market Share Analysis 4 Antimicrobial Coatings Market By Product Type 4.1 Antimicrobial coatings market, by product type: Overview 4.2 Antimicrobial Powder Coatings 4.3 Surface Modifications and Coatings 5 Antimicrobial Coatings Market By Application 5.1 Antimicrobial coatings market, by application: Overview 6 Antimicrobial Coatings Market By Geography 6.1 Antimicrobial coatings market, by geography: Overview 6.2 North America 6.3 Europe 6.4 Asia Pacific 6.5 Rest of the World 7 Company Profiles Companies Mentioned - AK Coatings Inc. - AkzoNobel NV - Arch Lonza - BASF SE - Diamond Vogel Paints - Dow Microbial Control - E.I. du Pont de Nemours & Company (DuPont) - Nippon Paint Co. Ltd. - RPM International Inc. - Royal DSM N.V. - Sherwin-Williams Company - Sono-Tek Corporation - Troy Corporation For more information visit http://www.researchandmarkets.com/research/x4...imicrobial
Sono-Tek Announces Second Quarter Results
PR Newswire - Tue Oct 15, 12:48PM CDT
Sono-Tek Corporation (OTC QB: SOTK) today announced sales of $2,537,000 for the three months ended August 31, 2013, compared to sales of $2,391,000 for the prior year period, an increase of $146,000 or 6%. Although not directly reported, a comparison of the three months ended August 31, 2013 to the three months ended May 31, 2013, also showed an increase in sales of $163,000 or 7%, a continuing improvement over last fiscal year's trend of declining quarterly sales.
Sono-Tek Holds Annual Shareholders Meeting
PR Newswire - Fri Aug 23, 11:05AM CDT
Sono-Tek Corporation (OTCQB: SOTK) held its Annual Shareholders Meeting on August 22, 2013 in Milton, New York. The results of Fiscal Year 2013, which ended on February 28, 2013, were discussed.
Sono-Tek's Board of Directors Addresses Recent News Announcement
PR Newswire - Tue Aug 13, 4:03PM CDT
Sono-Tek Corporation (OTC QB: SOTK) announced today that the Board of Directors of Sono-Tek has reviewed the August 7, 2013 announcement by Faruqi and Faruqi LLP relating to potential breaches of the Board's fiduciary duties in connection with obtaining shareholder approval of the Sono-Tek 2013 Stock Incentive Plan and offers the following response:
Faruqi & Faruqi, LLP Launches an Investigation against Sono-Tek Corporation (SOTK) for Potential Breaches of Fiduciary Duties by Its Board of Directors
Business Wire - Wed Aug 07, 6:00PM CDT
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Sono-Tek Corporation ("Sono-Tek" or the "Company") (OTC Markets: SOTK) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an amendment to the Company's 2013 Stock Incentive Plan.
The Global Market For Antimicrobial Coatings: 2013 Report with Analysis Segmented by Product Type, Applications and Geography
M2 - Tue Jul 23, 11:29AM CDT
Research and Markets (http://www.researchandmarkets.com/research/rxqcvq/antimicrobial) has announced the addition of the "The Global Market For Antimicrobial Coatings" report to their offering. This report aims to evaluate competitiveness of the antimicrobial coatings market in a global scenario. The report segments the market on the basis of product types, applications and geography, estimating and forecasting market volumes and revenues for the period from 2012 to 2018. The report strives to effectively portray the demand and supply characteristics of antimicrobial coatings by providing historical data from 2010 and a forecast of market numbers until 2018 along with accurate analysis of revenues and volumes. The antimicrobial coatings market by product type focuses on antimicrobial powder coatings such as silver and other materials as well as on surface modifications and coatings. The market has also been segmented on the basis of microbes such as E. Coli, Listeria, Pseudomonas and others. Application segments for antimicrobial coatings analyzed in this study include indoor air quality, mold remediation and medical/healthcare. Also, the study provides market dta on other important segments such as antimicrobial textiles, construction, food and others. It has been observed by experts and researchers that the major cause of illnesses in human beings is the ill-quality of indoor air. Pollution in the outside air essentially causes fewer instances of ill-health. Office buildings with central air conditioning are the most vulnerable locations for microbes. Additionally, homes and industrial work areas with no antimicrobial resistance are also prone to microbial attack. This has resulted in a trend of incorporating antimicrobial coatings on various building accessories such as ducts, pipes, ventilators, escalators and others either during their manufacturing stage or immediately before assembly. The antimicrobial coatings market by geography covers regions such as North America, Europe, Asia-Pacific and Rest of the World (RoW) and analyses them on basis of volume and revenue. These regions have in turn been segmented on the basis of application and a detailed analysis of these sub-segments has been included on the basis of both volume and revenue from 2010 and forecast until 2018. The report also aims to provide a detailed analysis of market revenue shares of companies such as AkzoNobel NV, Sherwin-Williams Company, Dow Microbial Control, Diamond Vogel Paints Co. Ltd., E.I. du Pont de Nemours & Company (DuPont) and others. Business strategies employed by these companies have also been analyzed with the aim of providing a bird's eye view of the antimicrobial coatings market and the global positioning of various market players. The report also includes a detailed value chain of the antimicrobial coatings market along with a Porter's Five Forces analysis to identify the pros and cons of all the upstream and downstream segments thus enabling a strategy-making process for buyers of antimicrobial coatings, suppliers of raw materials, substitutes, potential new entrants into the market based on possibility of forward or backward integration into the various business segments. The report also presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the antimicrobial coatings market as below: Key Topics Covered: Chapter 1 Preface Chapter 2 Executive Summary Chapter 3 Market Overview Chapter 4 Antimicrobial Coatings Market By Product Type Chapter 5 Antimicrobial Coatings Market By Application Chapter 6 Antimicrobial Coatings Market By Geography Chapter 7 Company Profiles Companies Mentioned Include: - AK Coatings Inc. - AkzoNobel NV - Arch Lonza - BASF SE - Diamond Vogel Paints - Dow Microbial Control - E.I. du Pont de Nemours & Company (DuPont) - Nippon Paint Co. Ltd. - RPM International Inc. - Royal DSM N.V. - Sherwin-Williams Company - Sono-Tek Corporation - Troy Corporation For more information visit http://www.researchandmarkets.com/research/rx...imicrobial About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Sono-Tek Announces First Quarter Results
PR Newswire - Mon Jul 15, 4:34PM CDT
Sono-Tek Corporation (OTC QB: SOTK) today announced sales of $2,374,000 for the three months ended May 31, 2013, compared to sales of $2,840,000 for the prior year period, a decrease of $466,000 or 20%. Although not directly reported, a comparison of the three months ended May 31, 2013 to the three months ended February 28, 2013, showed an increase in sales of $265,000 or 11%, an improvement over last fiscal year's trend of declining quarterly sales. The current quarter's increase was due to a significant upturn in the Company's glass coating line sales to Asian customers. In 2012, glass industry customers postponed plant upgrades and capital expansions due to the uncertainty in the global market, and this appears to be changing now.
Sono-Tek Announces Fiscal Year 2013 Results
PR Newswire - Mon May 20, 5:41PM CDT
Sono-Tek Corporation (OTCQB: SOTK) today announced sales of $9,500,000 for the fiscal year ended February 28, 2013, compared to sales of $12,053,000 for the previous fiscal year, a decrease of 21%. We also announced net income of $132,000 or $.01 per share, versus $1,432,000 or $.10 per share for the previous year. For the year ended February 28, 2013, we experienced an increase in sales of our servo units, but this was offset by a contraction of government funded advanced energy programs that had the greatest impact on sales to the solar energy development and fabrication market. Nonetheless, we continued a development program targeted at the next generation of lower cost solar energy wafers, as we feel this market will return after the current consolidation is over. We also experienced a decrease in sales of our WideTrack units to manufacturers of float glass, who put their investments on hold due to the uncertain business climate related to government spending, deficits, and taxation. We have already s
Investor Newsletter-Highlights for 2012 and Goals for 2013
PR Newswire - Wed Jan 16, 3:31PM CST
After several years of strong growth in sales and profits, we have experienced a decrease in our sales over the last three quarters. Over the past three fiscal years, our sales have grown from $7 million to $10 million to $12 million, with net income of $1.4 million for our fiscal year ended February 29, 2012. For the nine months ended November 30, 2012, we experienced some of the same slowdown that other businesses have experienced due to global economic uncertainty and reductions in government programs worldwide. As a result, we expect to report annual sales in the $9.5 - $10 million range when our fiscal year ends on February 28, 2013. A reduction of this amount in sales would normally result in losses, unless action is taken in a timely manner to reduce costs, and that is what we did at Sono-Tek (OTC BB: SOTK). We expect to report net income of above $100K for the current fiscal year. We expect our EBITDA to be significantly higher than net income, which is usually considered a better measure of a busin
Antimicrobial Coatings Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast, 2012 - 2018
M2 - Wed Jan 16, 9:53AM CST
Research and Markets (http://www.researchandmarkets.com/research/h5wgkf/antimicrobial) has announced the addition of the "Antimicrobial Coatings Market - Global Industry Analysis,Size, Share, Trends, Analysis, Growth And Forecast, 2012 - 2018" report to their offering. This report by Transparency Market Research aims to evaluate competitiveness of the antimicrobial coatings market in a global scenario. The report segments the market on the basis of product types, applications and geography, estimating and forecasting market volumes and revenues for the period from 2012 to 2018. The report strives to effectively portray the demand and supply characteristics of antimicrobial coatings by providing historical data from 2010 and a forecast of market numbers until 2018 along with accurate analysis of revenues and volumes. The antimicrobial coatings market by product type focuses on antimicrobial powder coatings such as silver and other materials as well as on surface modifications and coatings. The market has a
Extraordinary Summit of SADC Heads of State and Government [document]
All Africa Global Media - Fri Jan 31, 5:00PM CST
1. The Extraordinary Summit of the Heads of State and Government of the Southern Africa Development Community (SADC) was held in Addis Ababa, Federal Republic of Ethiopia on 30 January 2014.
Frost & Sullivan: Australian online advertising market outperforms all other traditional media channels
PR Newswire - Wed Jan 15, 7:43PM CST
The Australian online advertising market grew 16% in 2013, reaching $3.74 billion to account for 27% of total advertising expenditure in 2013. Online was the strongest performing across overall advertising expenditure in all media which was $13.9 billion, but grew by only 1.4% during the same period.
Sono-Tek Announces Third Quarter Results
PR Newswire - Wed Jan 15, 2:14PM CST
Sono-Tek Corporation (OTC BB: SOTK) today announced sales of $2,650,000 for the three months ended November 30, 2013, compared to sales of $2,202,000 for the prior year period, an increase of $448,000 or 20%. Once again, this quarter has also shown growth over the preceding quarter's sales, continuing a trend that began in the first quarter of this fiscal year. Markets that experienced sales increases over the prior year were in the float glass industry, the food industry, and the semiconductor industry. In the medical device area, the Company saw a decrease in stent coating, but the Company's new balloon catheter coating area has grown as some customers are moving into this more advanced cardiac treatment approach. The clean energy (solar and fuel cells) market is slower than last year as previously predicted, but the Company is optimistic for it to slowly recover over the next few years as production costs in this market decrease. China, in particular, has large plans for implementing solar energy as part of its campaign to reduce pollution which may bode well for the Company's sales to the solar and fuel cell markets. Geographically, US sales are consistent with last year, Latin America is up, and China has shown a significant recovery. Sales to India and Russia have also been on the rise this year, while Europe is slightly slower at this point in its recovery.
2013 Report on the Antimicrobial Coatings Market - with Forecast to 2018
M2 - Tue Nov 05, 3:14AM CST
Research and Markets (http://www.researchandmarkets.com/research/x492hs/antimicrobial) has announced the addition of the "2013 Report on the Antimicrobial Coatings Market - with Forecast to 2018" report to their offering. The report segments the market on the basis of product types, applications and geography, estimating and forecasting market volumes and revenues to 2018. The report strives to effectively portray the demand and supply characteristics of antimicrobial coatings by providing historical data from 2010 and a forecast of market numbers until 2018 along with accurate analysis of revenues and volumes. Application segments for antimicrobial coatings analyzed in this study include indoor air quality, mold remediation and medical/healthcare. Also, the study provides market dta on other important segments such as antimicrobial textiles, construction, food and others. It has been observed by experts and researchers that the major cause of illnesses in human beings is the ill-quality of indoor air. Pollution in the outside air essentially causes fewer instances of ill-health. Antimicrobial powder coatings - Silver - Others Surface modifications and coatings - E. Coli - Listeria - Pseudomonas - Others Antimicrobial coatings market, by application - Indoor air quality - Mold remediation - Medical/healthcare - Antimicrobial textiles - Construction - Food - Others Key Topics Covered: 1 Preface 1.1 Report description 1.2 Research scope 1.3 Research methodology 2 Executive Summary 3 Market Overview 3.1 Introduction 3.2 Value Chain Analysis 3.3 Market Drivers 3.4 Restraints 3.5 Opportunities 3.6 Porter's Five Force Analysis 3.7 Global antimicrobial coatings market: Market attractiveness 3.8 Antimicrobial Coatings Market: Company Market Share Analysis 4 Antimicrobial Coatings Market By Product Type 4.1 Antimicrobial coatings market, by product type: Overview 4.2 Antimicrobial Powder Coatings 4.3 Surface Modifications and Coatings 5 Antimicrobial Coatings Market By Application 5.1 Antimicrobial coatings market, by application: Overview 6 Antimicrobial Coatings Market By Geography 6.1 Antimicrobial coatings market, by geography: Overview 6.2 North America 6.3 Europe 6.4 Asia Pacific 6.5 Rest of the World 7 Company Profiles Companies Mentioned - AK Coatings Inc. - AkzoNobel NV - Arch Lonza - BASF SE - Diamond Vogel Paints - Dow Microbial Control - E.I. du Pont de Nemours & Company (DuPont) - Nippon Paint Co. Ltd. - RPM International Inc. - Royal DSM N.V. - Sherwin-Williams Company - Sono-Tek Corporation - Troy Corporation For more information visit http://www.researchandmarkets.com/research/x4...imicrobial
Sono-Tek Announces Second Quarter Results
PR Newswire - Tue Oct 15, 12:48PM CDT
Sono-Tek Corporation (OTC QB: SOTK) today announced sales of $2,537,000 for the three months ended August 31, 2013, compared to sales of $2,391,000 for the prior year period, an increase of $146,000 or 6%. Although not directly reported, a comparison of the three months ended August 31, 2013 to the three months ended May 31, 2013, also showed an increase in sales of $163,000 or 7%, a continuing improvement over last fiscal year's trend of declining quarterly sales.
Sono-Tek Holds Annual Shareholders Meeting
PR Newswire - Fri Aug 23, 11:05AM CDT
Sono-Tek Corporation (OTCQB: SOTK) held its Annual Shareholders Meeting on August 22, 2013 in Milton, New York. The results of Fiscal Year 2013, which ended on February 28, 2013, were discussed.
Sono-Tek's Board of Directors Addresses Recent News Announcement
PR Newswire - Tue Aug 13, 4:03PM CDT
Sono-Tek Corporation (OTC QB: SOTK) announced today that the Board of Directors of Sono-Tek has reviewed the August 7, 2013 announcement by Faruqi and Faruqi LLP relating to potential breaches of the Board's fiduciary duties in connection with obtaining shareholder approval of the Sono-Tek 2013 Stock Incentive Plan and offers the following response:
Faruqi & Faruqi, LLP Launches an Investigation against Sono-Tek Corporation (SOTK) for Potential Breaches of Fiduciary Duties by Its Board of Directors
Business Wire - Wed Aug 07, 6:00PM CDT
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Sono-Tek Corporation ("Sono-Tek" or the "Company") (OTC Markets: SOTK) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an amendment to the Company's 2013 Stock Incentive Plan.
The Global Market For Antimicrobial Coatings: 2013 Report with Analysis Segmented by Product Type, Applications and Geography
M2 - Tue Jul 23, 11:29AM CDT
Research and Markets (http://www.researchandmarkets.com/research/rxqcvq/antimicrobial) has announced the addition of the "The Global Market For Antimicrobial Coatings" report to their offering. This report aims to evaluate competitiveness of the antimicrobial coatings market in a global scenario. The report segments the market on the basis of product types, applications and geography, estimating and forecasting market volumes and revenues for the period from 2012 to 2018. The report strives to effectively portray the demand and supply characteristics of antimicrobial coatings by providing historical data from 2010 and a forecast of market numbers until 2018 along with accurate analysis of revenues and volumes. The antimicrobial coatings market by product type focuses on antimicrobial powder coatings such as silver and other materials as well as on surface modifications and coatings. The market has also been segmented on the basis of microbes such as E. Coli, Listeria, Pseudomonas and others. Application segments for antimicrobial coatings analyzed in this study include indoor air quality, mold remediation and medical/healthcare. Also, the study provides market dta on other important segments such as antimicrobial textiles, construction, food and others. It has been observed by experts and researchers that the major cause of illnesses in human beings is the ill-quality of indoor air. Pollution in the outside air essentially causes fewer instances of ill-health. Office buildings with central air conditioning are the most vulnerable locations for microbes. Additionally, homes and industrial work areas with no antimicrobial resistance are also prone to microbial attack. This has resulted in a trend of incorporating antimicrobial coatings on various building accessories such as ducts, pipes, ventilators, escalators and others either during their manufacturing stage or immediately before assembly. The antimicrobial coatings market by geography covers regions such as North America, Europe, Asia-Pacific and Rest of the World (RoW) and analyses them on basis of volume and revenue. These regions have in turn been segmented on the basis of application and a detailed analysis of these sub-segments has been included on the basis of both volume and revenue from 2010 and forecast until 2018. The report also aims to provide a detailed analysis of market revenue shares of companies such as AkzoNobel NV, Sherwin-Williams Company, Dow Microbial Control, Diamond Vogel Paints Co. Ltd., E.I. du Pont de Nemours & Company (DuPont) and others. Business strategies employed by these companies have also been analyzed with the aim of providing a bird's eye view of the antimicrobial coatings market and the global positioning of various market players. The report also includes a detailed value chain of the antimicrobial coatings market along with a Porter's Five Forces analysis to identify the pros and cons of all the upstream and downstream segments thus enabling a strategy-making process for buyers of antimicrobial coatings, suppliers of raw materials, substitutes, potential new entrants into the market based on possibility of forward or backward integration into the various business segments. The report also presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the antimicrobial coatings market as below: Key Topics Covered: Chapter 1 Preface Chapter 2 Executive Summary Chapter 3 Market Overview Chapter 4 Antimicrobial Coatings Market By Product Type Chapter 5 Antimicrobial Coatings Market By Application Chapter 6 Antimicrobial Coatings Market By Geography Chapter 7 Company Profiles Companies Mentioned Include: - AK Coatings Inc. - AkzoNobel NV - Arch Lonza - BASF SE - Diamond Vogel Paints - Dow Microbial Control - E.I. du Pont de Nemours & Company (DuPont) - Nippon Paint Co. Ltd. - RPM International Inc. - Royal DSM N.V. - Sherwin-Williams Company - Sono-Tek Corporation - Troy Corporation For more information visit http://www.researchandmarkets.com/research/rx...imicrobial About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Sono-Tek Announces First Quarter Results
PR Newswire - Mon Jul 15, 4:34PM CDT
Sono-Tek Corporation (OTC QB: SOTK) today announced sales of $2,374,000 for the three months ended May 31, 2013, compared to sales of $2,840,000 for the prior year period, a decrease of $466,000 or 20%. Although not directly reported, a comparison of the three months ended May 31, 2013 to the three months ended February 28, 2013, showed an increase in sales of $265,000 or 11%, an improvement over last fiscal year's trend of declining quarterly sales. The current quarter's increase was due to a significant upturn in the Company's glass coating line sales to Asian customers. In 2012, glass industry customers postponed plant upgrades and capital expansions due to the uncertainty in the global market, and this appears to be changing now.
Sono-Tek Announces Fiscal Year 2013 Results
PR Newswire - Mon May 20, 5:41PM CDT
Sono-Tek Corporation (OTCQB: SOTK) today announced sales of $9,500,000 for the fiscal year ended February 28, 2013, compared to sales of $12,053,000 for the previous fiscal year, a decrease of 21%. We also announced net income of $132,000 or $.01 per share, versus $1,432,000 or $.10 per share for the previous year. For the year ended February 28, 2013, we experienced an increase in sales of our servo units, but this was offset by a contraction of government funded advanced energy programs that had the greatest impact on sales to the solar energy development and fabrication market. Nonetheless, we continued a development program targeted at the next generation of lower cost solar energy wafers, as we feel this market will return after the current consolidation is over. We also experienced a decrease in sales of our WideTrack units to manufacturers of float glass, who put their investments on hold due to the uncertain business climate related to government spending, deficits, and taxation. We have already s
Investor Newsletter-Highlights for 2012 and Goals for 2013
PR Newswire - Wed Jan 16, 3:31PM CST
After several years of strong growth in sales and profits, we have experienced a decrease in our sales over the last three quarters. Over the past three fiscal years, our sales have grown from $7 million to $10 million to $12 million, with net income of $1.4 million for our fiscal year ended February 29, 2012. For the nine months ended November 30, 2012, we experienced some of the same slowdown that other businesses have experienced due to global economic uncertainty and reductions in government programs worldwide. As a result, we expect to report annual sales in the $9.5 - $10 million range when our fiscal year ends on February 28, 2013. A reduction of this amount in sales would normally result in losses, unless action is taken in a timely manner to reduce costs, and that is what we did at Sono-Tek (OTC BB: SOTK). We expect to report net income of above $100K for the current fiscal year. We expect our EBITDA to be significantly higher than net income, which is usually considered a better measure of a busin
Antimicrobial Coatings Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth And Forecast, 2012 - 2018
M2 - Wed Jan 16, 9:53AM CST
Research and Markets (http://www.researchandmarkets.com/research/h5wgkf/antimicrobial) has announced the addition of the "Antimicrobial Coatings Market - Global Industry Analysis,Size, Share, Trends, Analysis, Growth And Forecast, 2012 - 2018" report to their offering. This report by Transparency Market Research aims to evaluate competitiveness of the antimicrobial coatings market in a global scenario. The report segments the market on the basis of product types, applications and geography, estimating and forecasting market volumes and revenues for the period from 2012 to 2018. The report strives to effectively portray the demand and supply characteristics of antimicrobial coatings by providing historical data from 2010 and a forecast of market numbers until 2018 along with accurate analysis of revenues and volumes. The antimicrobial coatings market by product type focuses on antimicrobial powder coatings such as silver and other materials as well as on surface modifications and coatings. The market has a
(0)
(0)Sono-Tek Corp (SOTK) Stock Research Links
Scroll down for more posts ▼