Sono-Tek Corp. Files Q2 2025 10-Q

TL;DR

Sono-Tek's Q2 2025 10-Q is in. Check financials for the latest.

AI Summary

Sono-Tek Corp. filed its 10-Q for the period ending August 31, 2024. The company, incorporated in New York, operates in the Special Industry Machinery sector. Key financial dates include fiscal year end February 28, with the current filing covering Q2 2025. The filing was made on October 15, 2024.

Why It Matters

This filing provides investors with the latest financial performance and operational details for Sono-Tek Corp., crucial for understanding the company's current standing and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial information, not indicating any immediate or unusual risks.

Key Numbers

• Q2 2025 — Quarterly Period (Reporting period for this 10-Q filing.)
• 08/31/2024 — Period End Date (The end date for the financial reporting period.)
• 10/15/2024 — Filing Date (Date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• SONO TEK CORP (company) — Filer
• 0001171520-24-000331 (other) — Accession Number
• 20241015 (date) — Filing Date
• 20240831 (date) — Period of Report
• 0000806172 (other) — Central Index Key
• NY (location) — State of Incorporation
• 0228 (date) — Fiscal Year End

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value per share SOTK NASDAQ Ind

Filing Documents

• eps11562_sotk.htm (10-Q) — 594KB
• ex31-1.htm (EX-31.1) — 9KB
• ex31-2.htm (EX-31.2) — 9KB
• ex32-1.htm (EX-32.1) — 3KB
• ex32-2.htm (EX-32.2) — 3KB
• sonotek-logo.jpg (GRAPHIC) — 95KB
• 0001171520-24-000331.txt ( ) — 3380KB
• sotk-20240831_lab.xml (EX-101.LAB) — 229KB
• sotk-20240831_pre.xml (EX-101.PRE) — 183KB
• sotk-20240831.xsd (EX-101.SCH) — 23KB
• sotk-20240831_cal.xml (EX-101.CAL) — 38KB
• sotk-20240831_def.xml (EX-101.DEF) — 73KB
• eps11562_sotk_htm.xml (XML) — 362KB

- Financial Information

Part I - Financial Information

– Condensed Consolidated Financial Statements

Item 1 – Condensed Consolidated Financial Statements: 1 - 4 Condensed Consolidated Balance Sheets – August 31, 2024 (Unaudited) and February 29, 2024 1 Condensed Consolidated Statements of Income – Six and Three Months Ended August 31, 2024 and 2023 (Unaudited) 2 Condensed Consolidated Statements of Stockholders' Equity – Three and Six Months Ended August 31, 2024 and 2023 (Unaudited) 3 Condensed Consolidated Statements of Cash Flows – Six Months Ended August 31, 2024 and 2023 (Unaudited) 4 Notes to Unaudited Condensed Consolidated Financial Statements 5 - 11

- Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations 12 –20

– Quantitative and Qualitative Disclosures about Market Risk

Item 3 – Quantitative and Qualitative Disclosures about Market Risk 21

– Controls and Procedures

Item 4 – Controls and Procedures 21

- Other Information

Part II - Other Information 22

– Legal Proceedings

Item 1 – Legal Proceedings 22

– Risk Factors

Item 1A – Risk Factors 22

– Unregistered Sales of Equity Securities and Use of Proceeds

Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds 22

– Defaults Upon Senior Securities

Item 3 – Defaults Upon Senior Securities 22

– Mine Safety Disclosures

Item 4 – Mine Safety Disclosures 22

– Other Information

Item 5 – Other Information 22

– Exhibits and Reports

Item 6 – Exhibits and Reports 22 Signatures and Certifications 23 SONO-TEK CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS August 31, 2024 February 29, 2024 (Unaudited) ASSETS Current Assets: Cash and cash equivalents $ 5,852,801 $ 2,134,786 Marketable securities 5,766,176 9,711,351 Accounts receivable (less allowance of $ 12,225 ) 1,879,464 1,470,711 Inventories 4,829,901 5,221,980 Prepaid expenses and other current assets 174,225 207,738 Total current assets 18,502,567 18,746,566 Land 250,000 250,000 Buildings, equipment, furnishings and leasehold improvements, net 2,691,523 2,832,156 Intangible assets, net 42,476 47,566 Deferred tax asset 1,429,271 1,255,977 TOTAL ASSETS $ 22,915,837 $ 23,132,265 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 691,000 $ 1,049,742 Accrued expenses 1,543,869 1,739,478 Customer deposits 3,225,273 3,419,706 Income taxes payable 96,395 414,807 Total current liabilities 5,556,537 6,623,733 Deferred tax liability 311,750 229,534 Total liabilities 5,868,287 6,853,267 Commitments and Contingencies (Note 9) Stockholders' Equity Common stock, $ .01 par value; 25,000,000 shares authorized, 15,751,153 and 15,750,880 shares issued and outstanding as of August 31, 2024 and February 29, 2024, respectively 157,512 157,509 Additional paid-in capital 9,867,414 9,770,387 Accumulated earnings 7,022,624 6,351,102 Total stockholders' equity 17,047,550 16,278,998 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 22,915,837 $ 23,132,265 See notes to unaudited condensed consolidated financial statements. 1 SONO-TEK CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) Six Months Ended August 31, Three Months Ended August 31, 2024 2023 2024 2023 Net Sales $ 10,192,820 $ 9,242,135 $ 5,161,782 $ 5,639,117 Cost of Goods Sold 5,222,236 4,664,335 2,645,685 2,838,549 Gross Prof

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View this 10-Q filing on SEC EDGAR