The chart below shows how SOTK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SOTK sees a -6.86% change in stock price 10 days leading up to the earnings, and a -7.14% change 10 days following the report. On the earnings day itself, the stock moves by +6.76%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Strong Revenue Growth: Sonos-Tek reported a 10% annual revenue growth for the first half of fiscal 2025, reflecting strong demand and market performance.
Sequential Revenue Increase: The company experienced a sequential revenue increase of 3% in the second quarter, aligning with prior guidance and indicating positive momentum.
Net Income Growth: Net income for the first half of fiscal 2025 grew by 13% year-over-year, showcasing improved profitability and operational efficiency.
Record Backlog Growth: Sonos-Tek's record backlog increased by 26% from the end of last year to $11.7 million, the highest in the company's history, indicating strong future sales potential.
Electronic Sales Surge: The company reported a significant 51% increase in electronic sales in the second quarter compared to the same quarter last year, demonstrating robust market demand.
Negative
Quarterly Net Sales Decline: Net sales for the quarter decreased by 8% or $477,000 to $5.2 million compared to the second quarter of fiscal 2024.
Gross Profit Decline: Gross profit decreased 10% year-over-year or $285,000 to $2.5 million, and the gross profit percentage decreased by 100 basis points to 48.7%.
Operating Income Decline: Operating income decreased $280,000 or 49% to $286,000 compared with $566,000 in the prior year.
Net Income Decline: Net income for the quarter was $341,000 compared with $541,000 for the prior year period, reflecting a decrease primarily due to the current period's decrease in gross profit.
Medical Sub Sales Decline: Medical sub sales declined by 70% - 7% in the first half of FY 2025, primarily driven by lower demand for our stent and balloon coating systems.
Sono-Tek Corporation (SOTK) Q2 2025 Earnings Call Transcript
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