Sono-Tek Corporation Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended November 30, 2017; Provides Guidance for the Fourth Quarter
For the quarter, the company reported nets sales of $8,169,000 as compared to $7,150,000 for the same period last year. Income Before Taxes was $357,000 as compared to $40,000 for the same period last year. Net Income was $265,000 or $0.02 basic or diluted per share as compared to $28,000 for the same period last year.
For the fourth quarter, the company is expecting another increase, based on its current backlog, shipments, and proposals.