MILTON, NY -- Sono-Tek expects an increase in sales for its current fiscal year based on orders, backlog, and proposal activity.
The maker of ultrasonic spray systems saw sales dip 18% over its fiscal year ended in February. The sales decrease resulted from a global slowdown in Asia, Latin America and Europe, which has reversed in the current fiscal year, company officials said.
President Stephen Harshbarger said the firm expects second-quarter sales of approximately $2.65 million, representing an increase over first quarter sales. Additionally, the company anticipates sales to continue increasing in the second half of the year, and expects to achieve profitability for the fiscal year.
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