Sono-Tek Lands Record $7.19M Clean Energy Order, Largest in Company History
SOTK sits 58% above its 52-week low of $3.4.
Summary
Sono-Tek announced a record $7.19 million in purchase orders from an existing clean energy customer for 10 production-scale ultrasonic coating systems. This is the largest aggregate customer order in company history and significantly expands the customer's use of Sono-Tek technology across three geographic locations. Combined with the previously announced $3.6 million medical diagnostic order, total backlog from these two programs now exceeds $10.79 million, with the majority expected to ship in fiscal 2028 (beginning March 1, 2027). The order validates the company's transition from R&D to high-volume manufacturing and strengthens revenue visibility for the coming fiscal year. Delivery timing may vary based on production schedules, but the size and scope of this order mark a material step-up in commercial traction.
At the time of this announcement, SOTK was trading at $5.38 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $78.3M. The 52-week trading range was $3.40 to $6.24. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.