News
MILTON, NY – Sono-Tek Corp. reported first-quarter sales of $2.3 million, up 56% year-over-year.
The firm had net income of $94,752 for the quarter, compared to a net loss of $169,427 for the prior year period.
During the quarter, sales of most products increased, in particular fluxer units, widetrack units and solder recovery systems when compared to the prior year, the firm says. Sono-Tek also increased its spending for engineering and market development.
The second quarter is expected to be as strong or stronger than the first quarter.
Sono-Tek develops and manufactures liquid spray products based on ultrasonic nozzle technology.
NEW YORK -- Macroeconomic issues will temper revenue and earnings growth among contract electronics manufacturers over the next few quarters, a leading industry analyst said last night.
NEW YORK -- Pressures to reduce costs will be the primary drivers of decisions by aerospace and defense companies to use external engineering services during the next two to three years, according to Accenture research released today.
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