Sono-Tek Corporation is a leader in ultrasonic coating technology, providing environmentally-friendly, specialized coating systems used across microelectronics, medical, industrial, and renewable energy markets worldwide.

# Sono-Tek Corporation Summary

## Business Overview
- **Specialization:** Leading designer and manufacturer of ultrasonic coating systems.
- **Core Technology:** Uses high-frequency ultrasonic vibrations in nozzle systems to atomize liquids into minute drops for precise, thin-film coatings.
- **Applications:** Custom-engineered systems for applying coatings that add functional properties, protect surfaces, or strengthen parts across various industries.
- **Environmental Impact:** Equipment solutions are eco-friendly, efficient, and reliable, reducing overspray, raw materials, water, energy, and emissions.

## Key Markets and Applications
- **Microelectronics/Electronics:** Coating printed circuit boards with flux, applying micron-thin photo-resist layers on wafers, sensors, and display glass for electronics.
- **Medical:** Applying polymers, drugs, biomedical materials, and anti-coagulants to blood collection tubes, implants like stents/joints, diagnostic devices, lenses.
- **Industrial:** Flat float glass for windows, coatings for textiles (antimicrobial, flame retardant), food packaging, flavor/ingredient coatings.
- **Alternative Energy:** Coatings for fuel and solar cells, catalysts, barriers, facilitating energy-related surface interactions.
- **Research & Development / Other:** Innovative R&D projects supporting universities, research institutes, and small industries using ultrasonic coatings.

## Operations and Sales
- **Employees:** 79 full-time and 10 part-time (as of February 28, 2025).
- **Customers:** Principal sales through direct sales, distributors, and sales reps globally.
- **Market Reach:** Serves customers worldwide with offices in Milton, NY, Singapore, and Guangzhou, China.
- **Sales Distribution (Fiscal 2025):**
  - Outside U.S./Canada: 39% of total sales.
  - Total Revenue: approximately **$20.5 million**, up 4% from previous year.
  - **Income:** Net income of about **$1.3 million**, down slightly from **$1.4 million** in the prior year.
- **Major Customers:** 
  - One customer accounted for about **11%** of net sales in fiscal 2025.
  - Two largest customers in fiscal 2024 made up roughly **12%** of sales.
- **Backlog:** $8.67 million at fiscal year-end, primarily equipment and service-related.

## Financial Highlights
- **Revenue:** Increased from $19.7M in FY 2024 to $20.5M in FY 2025.
- **Gross Profit:** Slight decrease to $9.74M (47.5% margin) from $9.85M (50% margin).
- **Operating Income:** Decreased to ~$1.01M from ~$1.20M.
- **Balance Sheet (as of Feb 28, 2025):**
  - **Cash & equivalents:** $5.2 million
  - **Marketable securities:** $6.7 million
  - **Total assets:** ~$23.4 million
  - **Total equity:** ~$17.8 million
  - **No debt:** The company has no outstanding debt.

## Strategic Focus
- Expand ultrasonic coating technology into broader applications.
- Grow globally by penetrating new and existing markets.
- Increase profitability via lean manufacturing, automation, and continuous improvement.
- Develop innovative technologies for high-value customer problems.

## Summary
Sono-Tek is a pioneer and leader in ultrasonic coating technology, providing highly specialized, environmentally-friendly coating systems used in microelectronics, medical, industrial, and renewable energy sectors. It operates globally with a small team, generated revenues of approximately $20.5 million in FY 2025, and maintains a strong financial position with no debt and significant cash on hand.

Sono-Tek Corporation specializes in ultrasonic coating systems to enhance surface protection and functionality across various industries.

# Company Summary: Sono-Tek Corporation

## Overview
Sono-Tek Corporation is a leading designer and manufacturer of ultrasonic coating systems. The company specializes in applying precise, thin film coatings to enhance the functional properties and protection of surfaces in various parts and components. Key markets include microelectronics, alternative energy, medical, industrial sectors, and emerging research and development.

## Technology and Products
- **Core Technology**: Sono-Tek employs patented ultrasonic nozzle systems that utilize high-frequency vibrations to atomize liquids into microscopic droplets. This technology enables uniform application of coatings at low velocities, leading to improved process efficiency and safety.
  
- **Product Offerings**:
  - **Multi-Axis Coating Systems**: Fully integrated solutions for complex applications.
  - **Integrated Coating Systems**: Custom-designed to meet unique customer needs.
  - **Fluxing Systems**: Specified for applications on printed circuit boards.
  - **OEM Systems**: Designed for integration into original equipment.

- **Applications**:
  - **Micro-Electronics/Electronics**: Coatings for printed circuit boards, semiconductors, sensors, and display glass.
  - **Medical**: Coatings for stents, balloons, artificial joints, blood collection tubes, and diagnostic devices.
  - **Industrial**: Surface coatings for glass, textiles, and food packaging.
  - **Alternative Energy**: Coatings for fuel cells and solar cells.
  - **Emerging R&D Markets**: Various applications in research institutions and small industries.

## Market and Customers
- **Customer Base**: Principally includes original equipment manufacturers (OEMs), distributors, and end-users within the targeted industries. Additionally, major industry players benefit from specialized coating solutions.
  
- **Sales Distribution**: Approximately **45%** of sales are derived from international markets.

## Financials
- **Fiscal Year End**: February 29, 2024.
- **Research and Development Investment**: $2,886,000 in fiscal 2024, representing **14.6%** of total sales.
  
- **Employees**: As of February 29, 2024, Sono-Tek employs **82 full-time** and **12 part-time** personnel.

- **Major Customers**: The two largest customers accounted for **approximately 12%** of net sales in fiscal 2024 and **14%** in fiscal 2023.

## Conclusion
Sono-Tek Corporation remains a pivotal player in ultrasonic coating technology, continually expanding its applications and maintaining strong customer relationships. The company is focused on innovative solutions, quality enhancement, and market growth while ensuring sustainable practices within its operations.

SONO TEK CORP

10-K / May 28, 2025

10-K / May 23, 2024

10-K / May 28, 2025

Sono-Tek Corporation Summary

Business Overview

Key Markets and Applications

Operations and Sales

Financial Highlights

Strategic Focus

Summary