Sono-Tek Corp
sono-tek.comWhat Do They Do?
Makes ultrasonic coating systems that apply thin films to parts and components for electronics, medical-device, energy and industrial manufacturers.
10-K for FY2026, filed May 28, 2026Sono-Tek Corporation (the “Company”, “Sono-Tek”, “We” or “Our”) is the world leader in the design and manufacture of ultrasonic coating…View ↗
Our products are used in a wide range of applications. We provide our customers a broad offering of ultrasonic spray coating equipment…View ↗
Medical: Our systems are used in this industry to apply micron layers of polymers and drugs, biomedical materials and anti-coagulants.View ↗
Alternative Energy: Our systems provide coatings of chemicals and other materials that act as catalysts, barriers, facilitators of…View ↗
How Do They Make Money?
Customers pay deposits when they place orders and before equipment ships, with credit terms extended at shipment. Most revenue comes from equipment sales paid for when the equipment is delivered.
10-K for FY2026, filed May 28, 2026The Company’s sales revenue is derived primarily from short term contracts with customers, which, on average, are in effect for less than…View ↗
Sales revenue is recognized when control of the Company’s manufactured equipment is transferred to its customers in an amount that reflects…View ↗
The Company applies the practical expedient in paragraph ASC 606-10-50-14 and does not disclose information about remaining performance…View ↗
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10-K for FY2026, filed May 28, 2026
FY2026 revenue by product or service ↗
$20.9M
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10-K for FY2026, filed May 28, 2026
$20.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Fluxing Systems
Sold outright
|
3.4%
FY2023: 7.8%
|
Fluxing Systems, FY2026
$713K Sources
|
Sold outright |
|
In-Line Coating Systems
Sold outright
10-K for FY2026, filed May 28, 2026 |
34% |
In-Line Coating Systems, FY2026
$7.1M Sources
|
Sold outright |
|
Multi Axis Coating Systems
Sold outright
10-K for FY2026, filed May 28, 2026 |
39%
FY2023: 45%
|
Multi Axis Coating Systems, FY2026
$8.1M Sources
|
Sold outright |
|
Oem Systems
Sold outright
|
5.8%
FY2023: 14%
|
Oem Systems, FY2026
$1.2M Sources
|
Sold outright |
|
Other Product Line
Sold outright
10-K for FY2026, filed May 28, 2026 |
18%
FY2023: 25%
|
Other Product Line, FY2026
$3.9M Sources
|
Sold outright |
|
Total Product Line
Sold outright
10-K for FY2026, filed May 28, 2026 |
100%
FY2023: 100%
|
Total Product Line, FY2026
$20.9M Sources
|
Sold outright |
Who Are Their Customers?
Manufacturers, original equipment makers, distributors and end users buy the coating systems. Sono-Tek sells mainly through its own sales staff, independent distributors and sales representatives; it also provides application consulting at its lab and customer sites.
10-K for FY2026, filed May 28, 2026Our principal customers include original equipment manufacturers, distributors and end users of our products in the industries that we…View ↗
Our products are sold primarily through our direct sales personnel, select independent distributors and through sales representatives…View ↗
We also provide application consulting services enabling our customers to rely on our surface coating expertise and specific customer…View ↗
10-K for FY2026, filed May 28, 2026
Do Revenues Turn Into Profits?
Yes. It kept 9 cents of every revenue dollar as net income in FY2026 and turned 14 cents into free cash flow.
10-K for FY2026, filed May 28, 2026
$1.8MView ↗
10-K for FY2026, filed May 28, 2026
$1.8MView ↗
10-K for FY2026, filed May 28, 2026
$3MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Oct 14, 2026
$366.3KView ↗
- ▼ −14%
- vs $423.7K in Q2 FY2025
10-Q for Q2 FY2026, filed Oct 14, 2026
Open tableView ↗
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Jul 8, 2026
Company maintained flat to modest revenue growth outlook for the full fiscal year
It also projected revenue growth during the first half of fiscal 2027.
Sources
8-K, filed Jul 8, 2026
"Looking ahead, we remain focused on expanding our installed base of production systems, supporting customers as they scale from…View ↗
Growing. Revenue grew 22% in 4 years, from $17.1M in FY2022 to $20.9M in FY2026, about 5% a year.
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