Home > News > Sono-Tek Announces Third Quarter Earnings
January 12th, 2007
Sono-Tek Announces Third Quarter Earnings
Abstract:
Sono-Tek Corporation(OTC Bulletin Board: SOTK) today announced sales of $1,624,000 for the
three months ended November 30, 2006 compared to sales of $1,671,000 for the same period of last year, a decrease of 2.8% or $47,000. For the nine months ended November 30, 2006, the Company reported sales of $5,240,000, an increase of 3% or $157,000 compared to sales of $5,083,000 for the same period of last year. The Company's nine months sales levels have increased slightly as the result of continued new product development efforts, related marketing thrusts, and expansion into international markets. The Company experienced a significant increase in sales in its international
markets, which offset a 20% decline in its domestic electronics business this year. The Company anticipated this decline in view of an accelerating move to offshore electronics production, combined with a slowdown in the housing market, and a reduction in the competitiveness of domestic
automotive manufacturers. The housing market and domestic automotive companies are large users of printed circuit boards in a variety of electronic devices.
According to Dr. Christopher L. Coccio, "We are continuing to invest
time and money in the creation of new products and markets. For example, in the past quarter, we have engaged a food technology expert, Dr. Joseph Riemer, to help us explore and pursue opportunities for ultrasonic spray applications in that industry, particularly as that industry turns to coating technology that includes nanotechnology to prevent spoilage, improve flavorings, and to reduce costs. Dr. Riemer will be joining Sono-Tek this month on a full time basis to head up our engineering organization, in addition to pursuing opportunities in the food industry. We feel that his strong technology and management background will be an asset to Sono-Tek in the future. We are also collaborating with an oil burner company to develop a new, higher efficiency way of heating based on our nozzle technology. In addition, we are continuing the development of our WideTrack coating system for application to glass lines, textile lines, solar and fuel cell applications, and a growing array of nanotechnology based applications."
Source:
prnewswire.com
Bookmark:
Investments/IPO's/Splits
Aspen Aerogels Announces $22.5 Million Private Placement May 18th, 2013
Harris & Harris Group Notes the Sale of a Second D-Wave Quantum Computer May 16th, 2013
Nanometrics Announces Upcoming Investor Events May 14th, 2013
Nanostart-holding New Asia Investments invests in breakthrough water projects May 13th, 2013
Announcements
Aspen Aerogels Announces $22.5 Million Private Placement May 18th, 2013
NanoInk, Inc. Assets To Be Sold May 18th, 2013
NIA Public Briefing: Nanotechnology and the Council of Europe May 17th, 2013
Scientists capture first direct proof of Hofstadter butterfly effect May 17th, 2013
Financial Reports
Nanobiotix Revenue for the 1st quarter of 2013 May 15th, 2013
Harris & Harris Group Reports Financial Statements as of March 31, 2013 May 10th, 2013
Arrowhead Reports Fiscal 2013 Second Quarter Financial Results - Conference Call Today at 4:30 p.m. Eastern Time May 9th, 2013
Arrowhead to Report Fiscal 2013 Second Quarter Financial Results - Conference Call Scheduled for Thursday, May 9, 2013 May 2nd, 2013
Food/Agriculture/Supplements
Plants ‘talk’ to plants to help them grow May 8th, 2013
Thailand promote agricultural and medical sector at BIO 2013 May 6th, 2013
Microchip proves tightness provokes precocious sperm release April 29th, 2013
Greener methods for making popular nanoparticle April 24th, 2013
Energy
Artificial Forest for Solar Water-Splitting: Berkeley Lab Researchers Report First Fully Integrated Artificial Photosynthesis Nanosystem May 17th, 2013
Moth-Inspired Nanostructures Take the Color Out of Thin Films May 17th, 2013
Solar panels as inexpensive as paint? It’s possible due to research at UB, elsewhere May 13th, 2013
Flawed Diamonds Promise Sensory Perfection: Berkeley Lab researchers and their colleagues extend electron spin in diamond for incredibly tiny magnetic detectors May 10th, 2013
Fuel Cells
Researchers develop unique method for creating uniform nanoparticles May 6th, 2013
Surface diffusion plays a key role in defining the shapes of catalytic nanoparticles April 8th, 2013
Nanoparticles Combined with Light Reverses Rusting April 1st, 2013
Hydrogen stores wind and solar energy: Innovative "Power-to-Gas" concepts at Hannover Messe March 7th, 2013