Sono-Tek Corporation (SOTK) today announced preliminary sales of $10,850,000 for the fiscal year ended February 28, 2015, compared to sales of $10,280,000 for the previous fiscal year, an increase of $570,000 or 6%. During fiscal year 2015, the Company had a continuing upward trend in sales, in both quarter to quarter and quarter versus the previous year's quarter. The current year's success has been due to increases in specialty glass coatings, stent coating applications, fuel cell coatings, and food antimicrobial applications coupled with steady sales of SonoFlux equipment to the electronics printed circuit board industry, balloon catheter applications, and spray drying applications. Based on current backlog, shipments, and proposals, the Company is expecting another increase for the first quarter of the fiscal year (March-May 2015) compared to last year. The Company is targeting a 10% growth in revenues for fiscal year 2016. Anticipated growth segments include the float glass industry, the food industry, advanced textile coatings, semiconductors and fuel cells. Other areas are expected to remain steady, with the exception of solar energy and specialty glass applications, which may show a decline. http://finance.yahoo.com/news/...es-preliminary-fiscal-151800181.html |