Sono-Tek Corporation to Report Quarterly Earnings on Tuesday, January 10
January 17, 2023
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SONO-TEK ($NASDAQ:SOTK): Sono-Tek Corporation is a leading provider of ultrasonic coating systems and spray fluxers. It designs, manufactures and markets precision ultrasonic coating and spray fluxing systems that use ultrasonic nozzles to apply thin film coatings on a variety of substrates. Yahoo Finance has reported that Sono-Tek Corporation is set to announce its quarterly earnings on Tuesday, January 10. This earnings report is expected to provide investors with an update on the company’s performance, including financial results, operational highlights, and guidance for the remainder of the year. Analysts and investors have been closely watching Sono-Tek’s progress over the past quarter, as the company has been expanding its product portfolio and entering into new markets.
The company recently announced a new line of ultrasonic sprayers for automotive applications, and has also developed a new system for applying corrosion-resistant coatings for industrial applications. Given the company’s continuous growth and expansion, investors are likely to be interested in hearing about Sono-Tek’s performance and outlook for the future. The upcoming earnings report will give investors an insight into the company’s financial health and will be a crucial factor in determining how its stock performs in the short and long term.
Stock Price
In anticipation of the earnings announcement, the company’s stock opened at $6.4 and closed at $6.4, down by 0.8% from its previous closing price of 6.5. This is the first report since the company went public in October of last year. Investors are eagerly awaiting the earnings report and looking for insights into the company’s performance in the recent quarter. Investors will be looking for signs that this trend will continue, as well as indications of future growth potential. Sono-Tek Corporation has made significant investments in research and development and has a strong portfolio of products and services that are well-positioned to meet customer needs in a wide range of industries.
Investors will be looking for signs that these investments have paid off and that the company is continuing to grow its business. The earnings report on Tuesday will provide investors with an opportunity to see how the company performed in the recent quarter and gain a better understanding of its prospects for the future. It will be a key event for investors looking to get a better sense of the company’s long-term potential. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sono-tek Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 17.23 | 1.4 | 8.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sono-tek Corporation. More…
| Operations | Investing | Financing |
| 1.35 | -3.25 | 0.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sono-tek Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 18.8 | 4.47 | 0.91 |
Key Ratios Snapshot
Some of the financial key ratios for Sono-tek Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.0% | 131.5% | 15.5% |
| FCF Margin | ROE | ROA |
| 5.3% | 11.7% | 8.9% |
VI Analysis
SONO-TEK CORPORATION is a medium risk investment according to VI Risk Rating which evaluates the company’s fundamentals and long-term potential. The financial and business aspects of the company are taken into account to determine the risk level. The app has also detected one risk warning in the balance sheet. The overall financial health of a company is essential for investors to make informed decisions. The VI app simplifies the process by providing a comprehensive analysis of the company’s financial and operational performance. Users can also access detailed reports on the company’s management, performance, and future outlook. The app also highlights potential risks and red flags that can impact the company’s performance. With this information, investors can make more informed decisions and identify opportunities for growth. Furthermore, users can track the performance of their investments in real-time to ensure that their money is well spent. The analysis provided by the VI app can help investors make better decisions and ensure that their money is invested in a safe and profitable manner. It can also help them identify promising companies with good fundamentals and long-term potential. With this knowledge, investors can make more informed decisions and maximize their returns. More…
VI Peers
Sono-Tek Corp is a leading manufacturer of ultrasonic spraying equipment, with a long history of innovation and a strong commitment to quality. The company’s products are used in a wide range of industries, including electronics, automotive, packaging, and medical. Sono-Tek’s main competitors are Shibaura Electronics Co Ltd, Kuramoto Co Ltd, and WG Tech (Jiang Xi) Co Ltd. While all three companies offer similar products and services, Sono-Tek has a clear advantage in terms of experience and reputation.
– Shibaura Electronics Co Ltd ($TSE:6957)
Shibaura Electronics Co Ltd is a Japanese electronics company with a market cap of 34.33B as of 2022. The company has a Return on Equity of 11.66%. Shibaura Electronics Co Ltd is a leading manufacturer of electronic products and components, including semiconductors, LCDs, and batteries. The company’s products are used in a wide range of industries, including automotive, telecommunications, and consumer electronics.
– Kuramoto Co Ltd ($TSE:5216)
Kuramoto Co Ltd is a Japanese company with a market capitalization of 4B as of 2022. The company has a return on equity of 1.7%. Kuramoto Co Ltd is involved in the manufacturing and distribution of electronic and electrical products. The company’s products include semiconductors, integrated circuits, LCDs, and other electronic components. Kuramoto Co Ltd is headquartered in Tokyo, Japan.
– WG Tech (Jiang Xi) Co Ltd ($SHSE:603773)
WG Tech (Jiang Xi) Co Ltd has a market cap of 2.53B as of 2022, a Return on Equity of 0.85%. The company is a leading provider of tech products and services in China.
Summary
Sono-Tek Corporation is set to report its quarterly earnings on Tuesday, January 10. Investors should pay close attention to the company’s performance, as it could provide insight into the company’s financial strength. Analysts will be looking at Sono-Tek Corporation’s top and bottom line results, as well as its balance sheet and cash flow. Key metrics to watch include revenue growth, earnings per share, operating margin and net profit margin.
Additionally, investors will be interested in any updates on the company’s product offerings, customer base and competitive landscape. Analysts will also be looking for any news relating to new products, expansion of operations and cost savings initiatives. Overall, the company’s performance could provide a good indication of its future prospects and the attractiveness of investing in the company.
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