Quick answer: latest quarter results, by ticker or company name

Reported Q: Q4 2024 Rev YoY: +30.4% EPS YoY: +147.5% Move: -1.95%

SonoTek Corporation

SOTK

$4.02 -1.95%

Exchange NASDAQ Sector Technology Industry Hardware Equipment Parts

Q4 2024

Published: May 23, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for SOTK

Reported

Report Date

May 23, 2024

Quarter Q4 2024

Revenue

4.77M

YoY: +30.4%

EPS

0.01

YoY: +147.5%

Market Move

-1.95%

Previous quarter: N/A

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Earnings Highlights

Revenue of $4.77M up 30.4% year-over-year
EPS of $0.01 increased by 147.5% from previous year
Gross margin of 49.1%
Net income of 156.62K
""The principal advantage of our ultrasonic coating system is the ability to apply precision thin films which are vitally important in today's world with thousands of products now requiring a functional coating."" - Chris Coccio

SOTK

SonoTek Corporation

Period Q4 2024

Currency USD

Report Type Quarterly Earnings

Generated Mar 30, 2026

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Executive Summary

SonoTek Corporation (SOTK) reported impressive fourth quarter results for fiscal year 2024, achieving a record revenue of $19.7 million, marking a 31% increase year-over-year compared to $15.1 million in FY 2023. This growth was driven by strong demand in the clean energy, medical, and microelectronics sectors, alongside a noteworthy increase in average selling prices for their products. Additionally, the company noted a significant backlog of $9.1 million, up 7% from the prior year, indicating robust future order activity. Management highlights included improvements in operational processes and a strategic shift towards larger custom-engineered systems, which is expected to yield substantial revenue in the upcoming fiscal year 2025.

Key Performance Indicators

Revenue

Increasing

4.77M

QoQ: -16.21% | YoY: 30.37%

Gross Profit

Increasing

2.34M

49.10% margin

QoQ: -20.00% | YoY: 28.26%

Operating Income

Decreasing

-12.28K

QoQ: -101.70% | YoY: -186.05%

Net Income

Increasing

156.62K

QoQ: -77.31% | YoY: 147.62%

EPS

Increasing

0.01

QoQ: -77.40% | YoY: 147.50%

Revenue Trend

Margin Analysis

Financial Highlights

### Key Financial Metrics:
- Revenue: $19.7 million, up 31% YoY.
- Gross Profit: $9.8 million, a 29% increase YoY, resulting in a gross margin of 50%.
- Operating Income: $1.2 million, a 73% increase YoY.
- Net Income: $1.4 million, a 127% increase YoY.
- EPS: $0.0099, a significant increase from $0.0040 YoY.
- Backlog: $9.1 million, up 7% from the previous year.
- Research and Development Expenses: Increased by 34% to $2.9 million, reflecting a commitment to innovation.

Management attributed the revenue growth and high backlog levels to strategic shifts, particularly the introduction of larger, customized production systems which have resulted in higher average selling prices reaching up to $1 million. This trend is expected to accelerate in FY 2025 with estimated revenue growth between 8%-10%.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	4.77M	30.37%	-16.21%
Gross Profit	2.34M	28.26%	-20.00%
Operating Income	-12.28K	-186.05%	-101.70%
Net Income	156.62K	147.62%	-77.31%
EPS	0.01	147.50%	-77.40%

Key Financial Ratios

Gross Profit Margin

Good

49.10%

Gross profit margin is healthy and competitive within industry standards

Operating Profit Margin

Weak

0.00%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Fair

3.28%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

0.68%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

0.96%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

2.83

Current ratio indicates excellent liquidity and financial flexibility

P/E Ratio

High Growth

135.75x

Very high P/E indicates aggressive growth expectations, higher risk

Price to Book

Premium

5.22x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2026	5.13	0.03	+7.7%	View
Q3 2025	5.19	0.02	-8.8%	View
Q2 2025	5.16	0.02	-8.5%	View
Q1 2025	5.03	0.02	+39.6%	View
Q4 2024	4.77	0.01	+30.4%	View

SonoTek Corporation (SOTK) Q4 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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