Sono-Tek Reports Fiscal Second-Quarter and First-Half 2027 Results
The company attributed results to strength in the medical sector and higher-value production systems.
Story updates
11:03:02 AM UTC
SquawkNews
Steve Harshbarger, President and Chief Executive Officer of Sono-Tek, stated, "Fiscal 2027 is progressing well, with solid first-half revenue growth, meaningful gross margin expansion and strong improvement in operating profitability. These results reflect disciplined execution across our operations and continued progress with our strategy of focusing on higher-value production systems in advanced technology markets, particularly medical devices. Medical was again the primary growth driver, with first-half sales increasing 289%, led by strong demand for balloon coating and specialty stent-coating systems. We are particularly encouraged by the increasing adoption of our technology as customers move from development into commercial manufacturing."
11:03:32 AM UTC
SquawkNews
First Half Revenue Increased 6% to $10.9 Million; Gross Margin Expanded to 55%; Operating Income Increased 41%; Medical Market Sales Increased 289%Reiterates Expectation of Flat to Modest Revenue Growth for FY 27 Reflecting Timing of Several Large OrdersRecent New Record Orders Significantly Increa…