S
SONO TEK CORP
SOTKCIK 0000806172NasdaqNon-AcceleratedSmaller ReportingSpecial Industry Machinery, NecNew YorkFY ends Feb 28
Period
FY 2026
Revenue
$20.91M
Net Income
$1.81M
Total Assets
$26.42M
Equity
$19.77M
Shares Out
15.71M
Op. Cash Flow
$3.25M
Business
SONO TEK CORP designs and manufactures ultrasonic coating systems that apply precise, thin-film coatings to add functional properties, protect or strengthen surfaces across multiple industries. It offers ultrasonic nozzle systems, Multi-Axis Coating Systems, Integrated Coating Systems, Fluxing Systems, OEM subsystems, generators, and related application consulting and process development services. Key business areas include custom-engineered coating systems, subsystems for OEM integration, laboratory-based application development, and aftermarket service and training. The company sells globally through direct sales, select independent distributors, trained sales representatives, and its process development labs.
Summary from filing dated 2025-05-28
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Feb 28, 2026 2026-02-28 | Feb 28, 2025 2025-02-28 |
|---|---|---|---|
| Revenue | 21 | 21 | |
| Cost of Revenue | 10 | 11 | |
| Gross Profit | 11 | 10 | |
| Operating Expenses | — | — | |
| Research and Development Expense | 3 | 3 | |
| Selling, General and Administrative Expense | 4 | 4 | |
| Selling, General and Administrative Expense | 3 | 2 | |
| Total Operating Expenses | 9 | 9 | |
| Operating Income | 2 | 1 | |
| Interest and Dividend Income (Non-Bank) | 443,588 | 488,504 | |
| Non-Operating Income (Expense) | −1,498 | 35,548 | |
| Income before Income Taxes | 2 | 2 | |
| Income tax expense | 461,378 | 260,678 | |
| Net Income | 2 | 1 | |
| Earnings Per Share (Basic) | 0.11 | 0.08 | |
| Earnings Per Share (Diluted) | 0.11 | 0.08 | |
| Weighted Average Shares Outstanding | 16 | 16 | |
| Weighted Average Shares Outstanding, Diluted | 16 | 16 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Feb 28, 2026 2026-02-28 | Feb 28, 2025 2025-02-28 |
|---|---|---|---|
| Current Assets: | — | — | |
| Cash and Cash Equivalents | 7 | 5 | |
| Short-Term Investments | 7 | 7 | |
| Accounts Receivable | 3 | 2 | |
| Inventory | 4 | 4 | |
| Other Non-Operating Current Assets | 743,295 | 236,261 | |
| Total current assets | 23 | 19 | |
| Property, Plant and Equipment | 250,000 | 250,000 | |
| Buildings, equipment, furnishings and leasehold improvements, net | 2 | 3 | |
| Intangible Assets | 29,791 | 37,386 | |
| Deferred Tax Assets, Non-Current | 1 | 2 | |
| TOTAL ASSETS | 26 | 23 | |
| Current Liabilities: | — | — | |
| Accounts Payable | 1 | 859,483 | |
| Other Current Liabilities | 2 | 2 | |
| Customer deposits | 3 | 2 | |
| Accrued Income Taxes | 255,398 | 496,055 | |
| Total current liabilities | 7 | 5 | |
| Deferred Tax Liabilities, Current | 55,909 | 132,134 | |
| Total Liabilities | 7 | 6 | |
| Commitments and Contingencies (Note 13) | — | — | |
| Stockholders’ Equity | — | — | |
| Total Stockholders' Equity | 157,104 | 157,512 | |
| Additional Paid-In Capital | 10 | 10 | |
| Retained Earnings | 9 | 8 | |
| Treasury stock, at cost, 2,116 shares as of February 28, 2025 | — | 7,867 | |
| Total stockholders’ equity | 20 | 18 | |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 26 | 23 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Feb 28, 2026 2026-02-28 | Feb 28, 2025 2025-02-28 |
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | — | — | |
| Profit or Loss | 2 | 1 | |
| Depreciation Expense | 669,311 | 700,535 | |
| Stock-based compensation expense | 316,792 | 247,650 | |
| Inventory write-off | 97,165 | 81,389 | |
| Unrealized loss/(gain) on marketable securities | −1,498 | 35,548 | |
| Income Tax Expense | 307,348 | −366,608 | |
| (Increase) Decrease in: | — | — | |
| Accounts receivable | 1 | 877,053 | |
| Inventories | −453,886 | −666,189 | |
| Prepaid expenses and other assets | 507,034 | 28,523 | |
| (Decrease) Increase in: | — | — | |
| Accounts payable | 179,402 | −190,259 | |
| Accrued expenses | 508,827 | −20,904 | |
| Customer deposits | 656,548 | −1 | |
| Income taxes payable | −240,657 | 81,248 | |
| Net Cash Provided by Operating Activities | 3 | 525,019 | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | — | — | |
| Purchase of equipment, furnishings and leasehold improvements | 224,558 | 468,798 | |
| Sale of marketable securities | 3 | 18 | |
| Purchase of marketable securities | 4 | 15 | |
| Net Cash (Used in)/Provided by Investing Activities | −968,027 | 3 | |
| CASH FLOWS FROM FINANCING ACTIVITIES | — | — | |
| Proceeds from exercise of stock options | 10,613 | — | |
| Purchase of treasury stock | −151,122 | −7,867 | |
| Net Cash (Used in) Financing Activities | −140,509 | −7,867 | |
| NET INCREASE/DECREASE IN CASH AND CASH EQUIVALENTS | 2 | 3 | |
| CASH AND CASH EQUIVALENTS: | — | — | |
| End of year | — | — | |
| End of year | — | — | |
| Supplemental Cash Flow Disclosure: | — | — | |
| Interest Expense | — | — | |
| Income Tax Expense | 569,630 | 547,644 |
Filings
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