MILTON, NY – Sono-Tek reported sales of $3.03 million for the three months ended Nov. 30, up 6% year-over-year and 2% sequentially.

The company reported net income of $244,000 for the third quarter, up 20.8% compared to the same period in 2014.

Gross profit for the period was $1.47 million, an increase of 4.7% year-over-year.

The firm expects to report continuing profitability in the fourth quarter, based on current backlog and shipments to date.

The current quarter's sales include sales of SonoFlux equipment to the printed circuit board industry.

"We are pleased with the continuing strengthening of our business, as viewed from our quarter-to-quarter proposal backlog and sales activity and year-over-year performance,” said Dr. Christopher L. Coccio, Sono-Tek's chairman and CEO. “We anticipate our future growth will benefit from the creation of our New Product Development Team, which has recently shipped two new application designs to customers for use and evaluation in their industries, and we expect these new products will help us create continued organic growth next year in keeping with our 2020 goals."

Net sales for the nine months ended Nov. 30 were $8.9 million, up 12.4% year-over-year. Net income for the period was $541,176, an increase of 41% compared to the same nine-month period in 2014.