# EDGAR Filing Document

**Accession Number:** 0000806172
**File Stem:** 0001171520-25-000223
**Filing Date:** 2025-7
**Character Count:** 21069
**Document Hash:** 3036b7ac442111a3b03cda60630afd7c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001171520-25-000223.hdr.sgml**: 20250710

**ACCESSION NUMBER**: 0001171520-25-000223

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250710

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250710

**DATE AS OF CHANGE**: 20250710

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SONO TEK CORP
- **CENTRAL INDEX KEY:** 0000806172
- **STANDARD INDUSTRIAL CLASSIFICATION:** SPECIAL INDUSTRY MACHINERY, NEC [3559]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 141568099
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40763
- **FILM NUMBER:** 251114824

**BUSINESS ADDRESS:**
- **STREET 1:** 2012 RT 9W BLDG 3
- **CITY:** MILTON
- **STATE:** NY
- **ZIP:** 12547
- **BUSINESS PHONE:** 8457952020

**MAIL ADDRESS:**
- **STREET 1:** 2012 RT. 9W, BLDG. 3,
- **CITY:** MILTON
- **STATE:** NY
- **ZIP:** 12547

?xml version='1.0' encoding='ASCII'?

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM 8-K**

**CURRENT REPORT**

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): **July 10, 2025**

**<u>Sono-Tek Corporation</u>**

(Exact name of registrant as specified in its charter)

Commission File Number: **000-16035**

---

| | |
|:---|:---|
| **<u>New York</u>** | **<u>14-1568099</u>** |
| (State of Incorporation) | (I.R.S. Employer ID No.) |
| **<u>2012 Route 9W, Milton, New York</u>** | **<u>12547</u>** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **(845) 795-2020**

Check appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **<u>Title of each class</u>** | **Trading**<br> **<u>Symbol(s)</u>** | **<u>Name of each exchange on which registered</u>** |
| Common Stock, $0.01 par value per share | SOTK | NASDAQ |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 2.02: Results of Operations and Financial Condition.**

**Item 7.01: Regulation FD Disclosure**

On July 10, 2025, Sono-Tek Corporation issued a press release regarding its financial results for the quarter ended May 31, 2025 in the form attached as exhibit 99.1.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities under such section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.

**Item 9.01: Financial Statements and Exhibits.**

(d) Exhibits

99.1&nbsp;&nbsp;&nbsp;&nbsp; [Press Release dated July 10, 2025](ex99-1.htm).

104&nbsp;&nbsp;&nbsp;&nbsp; Cover Page Interactive Data File (embedded within the Inline XBRL document)

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SONO-TEK CORPORATION

By: <u>/s/ Stephen J. Bagley</u>

Stephen J. Bagley

Chief Financial Officer

July 10, 2025

## Exhibit 99.1

**Exhibit 99.1**

**Sono-Tek Reports First Quarter FY 2026 Financial Results**

***-Reports Fifth Consecutive Quarter of Revenue above $5 million, Driven by<br> Completion of* $2.95 Million Order to Advanced Solar Market**

***-Gross Margins Expand to 52% on Completion of High ASP Order; Operating <br> Income Increases 103% Year over Year***

***- Expects Continued Revenue Growth and Profitability in First Half of FY 2026; <br> Full-Year Revenue Outlook Reflects Measured Expectations Given Potential <br> Customer Response to Policy Shifts in Recently Enacted Budget Legislation***

 **

MILTON, N.Y., July 10, 2025 – <u>Sono-Tek Corporation</u> (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for the first quarter of fiscal year 2026, ended May 31, 2025.

Dr. Christopher L. Coccio, Executive Chairman, stated, "We are pleased with the solid start to this fiscal year with the continuing trend of $5 million plus for the past five consecutive quarters. Our margins were strong this quarter and we achieved increased profitability and, based on projected shipments for the second quarter of fiscal year 2026, we anticipate the first half of fiscal year 2026 to maintain revenue levels and strong profitability. However, our full-year outlook remains cautious, with expectations for relatively flat revenue growth due to uncertainty related to governmental clean energy incentives and evolving tariff policies which each may affect the initiation and timing of customer orders. We continue to see promising demand in the medical device industry, especially for our high-volume production systems. With a healthy balance sheet and strong customer demand, we remain keenly attuned on execution and look forward to building on our recent success."

Steve Harshbarger, CEO & President of Sono-Tek stated, "Our growth strategies and initiatives continue to take hold as our customers move into complex large-scale production systems with significantly higher average selling prices "ASPs". We are proud to report our fifth quarter in a row of revenue over $5 million with continued profitability as we execute on the strong customer demand and momentum we are experiencing. As we stay focused on high ASP orders we are well positioned with our strong balance sheet and stable backlog to navigate potential short-term demand shifts that may result from changes in tariff policies and clean energy incentives. We remain focused on our long-term growth strategy and look forward to continued revenue growth and profitability over the long term."

**<u>First Quarter Fiscal Year 2026 Highlights</u>**

&nbsp;&nbsp;&nbsp;&nbsp;· **Net Sales:** $5.13 million, up 2% from $5.03 million in
the first quarter of fiscal year 2025, driven by strong shipments to the Alternative/Clean Energy Market. This marks the fifth consecutive
quarter in a row with sales over $5 million.

&nbsp;&nbsp;&nbsp;&nbsp;· **Gross Profit:** $2.7 million, up 9% from the prior year
first quarter of $2.5 million. Gross margin increased to 52% from 49%, mainly due to a favorable product mix, including a repeat high
ASP order with well-optimized production costs, and a concentration of shipments to the U.S., where sales typically involve minimal distributor
discounts and lower commission expenses, helping to enhance margin performance.

&nbsp;&nbsp;&nbsp;&nbsp;· **Operating Income:** Increased 103% to $483 thousand compared
to $238 thousand in the first quarter of fiscal year 2025, due to an increase in gross profit combined with lower operating expenses.

&nbsp;&nbsp;&nbsp;&nbsp;· **Net Income:** Increased 47% to $485 thousand, up from $331
thousand in the first quarter of fiscal year 2025, reflecting a combination of higher gross profit and lower operating expenses.

&nbsp;&nbsp;&nbsp;&nbsp;· **Other Income:** Interest and dividend income remained steady
at $142 thousand for the first quarter of fiscal years 2026 and 2025.

**FY 2026 Guidance**

&nbsp;&nbsp;&nbsp;&nbsp;· Continued revenue growth and strong profitability are expected
for the first half of the fiscal year ending February 28, 2026, fueled by shipments from Sono-Tek's backlog, projected new and recurring
orders, and ongoing strength in key markets such as medical devices. At May 31, 2025, equipment and service-related backlog totaled $7.5
million, providing a stable baseline of near-term demand. However, for the full fiscal year, we anticipate relatively flat revenue growth,
reflecting a cautious outlook as the market adjusts to recent shifts in governmental clean energy and tariff policies, the full impact
of which on customer demand and order timing remains unclear.

**First Quarter Fiscal Year 2026 Product and Market Sales Overview**

&nbsp;&nbsp;&nbsp;&nbsp;· **Geography:** US/Canada sales increased 15% y-o-y, up $452
thousand, driven by a shipment to the advanced solar market with a high ASP totaling $2.95 million.

&nbsp;&nbsp;&nbsp;&nbsp;· **Product Categories:** Integrated Coating Systems sales increased
$2.31 million, or 309%, to $3.05 million, primarily driven by a repeat order totaling $2.95 million for four high ASP systems shipped
to the clean energy sector for an advanced solar application. Multi-Axis Coating Systems declined $1.99 million, or 75%, to $677,000 due
to decreased North American sales tied to reduced R&D funding in the clean energy sector following shifts in government policy.

&nbsp;&nbsp;&nbsp;&nbsp;· **End Markets:** Alternative/Clean Energy rose 42% y-o-y,
up $966 thousand, driven by production-scale system shipments to the solar market, including 1 high ASP order delivery totaling $2.95
million. The Electronics market declined 40% y-o-y, down $624 thousand influenced
by the strong prior year quarter's inclusion of the sale of a new semiconductor
wafer handler system of $370 thousand that did not repeat .

**Balance Sheet and Cash Flow Overview**

&nbsp;&nbsp;&nbsp;&nbsp;· At May 31, 2025, cash, cash equivalents and marketable securities
totaled $10.9 million compared to $11.9 million at the prior year-end.

&nbsp;&nbsp;&nbsp;&nbsp;· At May 31, 2025, Sono-Tek had no debt on its balance sheet and
stockholders' equity was $18.3 million.

&nbsp;&nbsp;&nbsp;&nbsp;· Capital expenditures in the first quarter of fiscal year 2026
were $52,000, which were invested in ongoing upgrades to our manufacturing facilities.

**About Sono-Tek**

Sono-Tek Corporation is a global leader in the design and manufacture of ultrasonic coating systems that are shaping industries and driving innovation worldwide. Our ultrasonic coating systems are used to apply thin films onto parts used in diverse industries including microelectronics, alternative energy, medical devices, advanced industrial manufacturing, and research and development sectors worldwide. Sono-Tek's inroads into the clean energy sector are showing transformative results in next-gen solar cells, fuel cells, green hydrogen generation, and carbon capture applications.

Our product line is rapidly evolving, transitioning from R&D to high-volume production machines with significantly higher average selling prices, showcasing our market leadership and adaptability. Our comprehensive suite of thin film coating solutions and application consulting services are expected to generate unparalleled results for our clients and help some of the world's most promising companies achieve technological breakthroughs and bring them to the market. The Company strategically delivers its products to customers through a network of direct sales personnel, carefully chosen independent distributors, and experienced sales representatives, ensuring efficient market reach across diverse sectors around the globe.

The Company's solutions are environmentally friendly, efficient and highly reliable, and enable dramatic reductions in overspray, savings in raw material, water and energy usage and provide improved process repeatability, transfer efficiency, high uniformity and reduced emissions.

Sono-Tek's growth strategy is focused on leveraging its innovative technologies, proprietary know-how, unique talent and experience, and global reach to further develop thin film coating technologies that enable better outcomes for its customers' products and processes. For further information, visit <u>www.sono-tek.com</u>.

**Safe Harbor Statement**

This news release contains forward looking statements regarding future events and the future performance of Sono-Tek Corporation that involve risks and uncertainties that could cause actual results to differ materially. These "forward-looking statements" are based on currently available competitive, financial and economic data and our operating plans. They are inherently uncertain, and investors must recognize that events could turn out to be significantly different from our expectations and could cause actual results to differ materially. These factors include, among other considerations, general economic and business conditions; political, regulatory, tax, competitive and technological developments affecting our operations or the demand for our products; inflationary and supply chain pressures; fluctuations in U.S. tariff policies; limiting or elimination of governmental clean energy incentives; the recovery of the Electronics/Microelectronics and Medical markets; rebound of sales to the industrial market in the second quarter of fiscal year

2026; maintenance of increased order backlog; timely development and market acceptance of new products and continued customer validation of our coating technologies; adequacy of financing; capacity additions, the ability to enforce patents; maintenance of operating leverage; consummation of order proposals; completion of large orders on schedule and on budget; continued sales growth in the medical and alternative energy markets; successful transition from primarily selling ultrasonic nozzles and components to a more complex business providing complete machine solutions and higher value subsystems which are sold at higher average selling prices; and realization of quarterly and first-half revenues and profitability within the forecasted range of guidance.

**For more information:**

**Sono-Tek Corp.** 

Stephen J. Bagley

Chief Financial Officer

Ph: (845) 795-2020

<u>info@sono-tek.com</u>

**Investor Relations**

Kirin Smith

PCG Advisory, Inc.

<u>ksmith@pcgadvisory.com</u>

 ****

***FINANCIAL TABLES FOLLOW***

**SONO-TEK CORPORATION**

**CONDENSED CONSOLIDATED BALANCE SHEETS**

---

| | | |
|:---|:---|:---|
|  | **May 31, 2025**<br>**(Unaudited)** | **February 28,**<br>**2025** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**ASSETS** |  |  |
| Current Assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $4863039 | $5202361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marketable securities | 5991056 | 6727678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable (less allowance of $12,225, respectively) | 3096680 | 2347764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | 4749331 | 4474401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 266823 | 236261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 18966929 | 18988465 |
| Land | 250000 | 250000 |
| Buildings, equipment, furnishings and leasehold improvements, net | 2511141 | 2610600 |
| Intangible assets, net | 35371 | 37386 |
| Deferred tax asset | 1658882 | 1525185 |
| TOTAL ASSETS | $23422323 | $23411636 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| Current Liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | $700472 | $859483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 1848018 | 1718574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer deposits | 2289844 | 2413195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income taxes payable | 188650 | 496055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 5026984 | 5487307 |
| Deferred tax liability | 122475 | 132134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 5149459 | 5619441 |
| Commitments and Contingencies (Note 10) |  |  |
| Stockholders' Equity |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock, $.01 par value; 25,000,000 shares authorized, 15,751,153 issued and 15,727,702 outstanding as of May 31, 2025 and 15,751,153 issued and 15,749,037 outstanding as of February 28, 2025 | 157512 | 157512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 10093197 | 10018034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated earnings | 8109501 | 7624516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treasury stock, at cost, 23,451 shares and 2,116 shares, May 31, 2025 and February 28, 2025, respectively | (87346) | (7867) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 18272864 | 17792195 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $23422323 | $23411636 |

---

See notes to unaudited condensed consolidated financial statements.

**SONO-TEK CORPORATION**

**CONDENSED CONSOLIDATED STATEMENTS OF INCOME**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended May 31,** | **Three Months Ended May 31,** |
|  | **2025** | **2024** |
| Net Sales | $5132773 | $5031038 |
| Cost of Goods Sold | 2468259 | 2576551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross Profit | 2664514 | 2454487 |
| Operating Expenses |  |  |
| &nbsp;&nbsp;Research and product development costs | 668470 | 731430 |
| &nbsp;&nbsp;Marketing and selling expenses | 858151 | 897190 |
| &nbsp;&nbsp;General and administrative costs | 654525 | 587571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Operating Expenses | 2181146 | 2216191 |
| Operating Income | 483368 | 238296 |
| Interest and Dividend Income | 142098 | 142654 |
| Net unrealized (loss)/gain on marketable securities | (21923) | 10361 |
| Income Before Income Taxes | 603543 | 391311 |
| Income Tax Expense | 118558 | 60474 |
| Net Income | $484985 | $330837 |
| Basic Earnings Per Share | $0.03 | $0.02 |
| Diluted Earnings Per Share | $0.03 | $0.02 |
| Weighted Average Shares - Basic | 15733955 | 15750880 |
| Weighted Average Shares - Diluted | 15748556 | 15774376 |

---

See notes to unaudited condensed consolidated financial statements.

**SONO-TEK CORPORATION**

**PRODUCT, MARKET, AND GEOGRAPHIC SALES**

**(Unaudited)**

**Product Sales:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended May 31,** | **Three Months Ended May 31,** | **Three Months Ended May 31,** | **Three Months Ended May 31,****Change** | **Change** |
|  | **2025** | **% of total** | **2024** | **% of total** | **%** |
| Fluxing Systems | $152000 | 3% | $134000 | 2% | 13% |
| Integrated Coating Systems | 3054000 | 59% | 747000 | 15% | 309% |
| Multi-Axis Coating Systems | 677000 | 13% | 2664000 | 53%) | (75%) |
| OEM Systems | 130000 | 3% | 332000 | 7%) | (61%) |
| Spare Parts, Services and Other | 1120000 | 22% | 1154000 | 23%) | (3%) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL | $5133000 |  | $5031000 |  | 2% |

---

**Market Sales:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended May 31,** | **Three Months Ended May 31,** | **Three Months Ended May 31,** | **Three Months Ended May 31,****Change** | **Change** |
|  | **2025** | **% of total** | **2024** | **% of total** | **%** |
| Electronics/Microelectronics | $943000 | 19% | $1568000 | 31%) | (40%) |
| Medical | 809000 | 16% | 857000 | 17%) | (6%) |
| Alternative Energy/Clean | 3248000 | 63% | 2282000 | 46% | 42% |
| Emerging R&D and Other | 14000 | 0% | 11000 | 0% | 27% |
| Industrial | 119000 | 2% | 313000 | 6%) | (62%) |
| &nbsp;&nbsp;&nbsp;&nbsp;TOTAL | $5133000 |  | $5031000 |  | 2% |

---

 ****

**Geographic Sales:** 

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| | | | |
|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | |
|  | **May 31,** | **May 31,****Change** | **Change** |
|  | **2025** | **2024** | **%** |
| U.S. & Canada | $3543000 | $3091000 | 15% |
| Asia Pacific (APAC) | 597000 | 513000 | 16% |
| Europe, Middle East, Asia (EMEA) | 897000 | 1245000) | (28%) |
| Latin America | 96000 | 182000) | (47%) |
| TOTAL | $5133000 | $5031000 | 2% |

---