MILTON, NY – Sono-Tek reported sales of $2.88 million for first quarter ended May 31, up 19% year-over-year.

Net income was $154,000 for the quarter, up 130% compared to the same period last year.

Operating income was $223,000 compared to $88,000 for the same quarter in 2014, an increase of 153%.

Sales of printed circuit board fluxing equipment and medical device coating equipment have continued to provide a stable base, the firm says.

The company expects second quarter sales to be higher than both the first quarter and last year's second quarter.

“The current quarter's increase was significant against a backdrop of slower US and global economic activity in that time period, which suggests our market niches are more driven by our technology developments than by general economic activity,” said Dr. Christopher L. Coccio, Sono-Tek's chairman and CEO. “We are targeting double-digit sales growth versus last year, based on promising developments in the food industry and one or two additional new coating segments in particular, and we have recently announced our goal of $20 million in sales by 2020 in conjunction with our move up to the OTCQX trading platform.”