Overview * Sono-Tek reports fiscal Q2 revenue of $5.163, mln missing analysts' expectations * Net income for fiscal Q2 rises 24% yr/yr to $424,000, or $0.03 per share * Backlog increased 50% sequentially, driven by medical market orders Outlook * Sono-Tek updates FY26 guidance, anticipating modest revenue growth * Company sees growing demand in medical device market as offset to clean energy uncertainties * Sono-Tek remains focused on execution amid evolving clean energy incentives and tariff policies Result Drivers * MEDICAL MARKET GROWTH – Sales in the medical market increased 150% y-o-y, driven by balloon coating systems shipments * BACKLOG INCREASE – Backlog increased 50% sequentially, reflecting new order momentum from the medical market * GROSS PROFIT DRIVERS – Gross profit increased 3% y-o-y due to favorable product mix and reduced warranty expenses Key Details Metric Beat/Mis Actual Consensu s s Estimate Q2 Slight $5.16 $5.20 Revenue Miss* mln mln (1 Analyst) Q2 EPS Beat $0.03 $0.02 (2 Analysts ) Q2 Net $424,000 Income Q2 Gross 50% Margin *Applies to a deviation of less than 1%; not applicable for per-share numbers. Analyst Coverage * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" * The average consensus recommendation for the industrial machinery & equipment peer group is "buy" * Wall Street's median 12-month price target for Sono-Tek Corp is $7.75, about 45.8% above its October 13 closing price of $4.20 * The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 64 three months ago Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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