Domo signs strategic collaboration agreement with AWS for AI solutions
MILTON, NY – Sono-Tek Corporation (NASDAQ:SOTK), a precision ultrasonic spraying systems manufacturer with a market capitalization of $61 million and robust financials including a healthy current ratio of 3.0, has announced the election of Kirk Warshaw to its Board of Directors, effective May 22, 2025, as per the company’s recent 8-K filing with the Securities and Exchange Commission. According to InvestingPro data, the company maintains strong financial health with more cash than debt on its balance sheet. Warshaw brings over four decades of financial and general management experience across various industries to the Sono-Tek board. He currently holds positions as Executive Chairman of Bogue Machine Company and as CEO and CFO of UAV Turbines.
The Board of Sono-Tek, a company specializing in precision ultrasonic spraying systems that generated $20.2 million in revenue over the last twelve months, has yet to decide on which committees Warshaw will serve. His term is anticipated to expire at the company’s annual shareholders meeting scheduled for August 2025. Warshaw’s election did not result from any prior arrangements or understandings, and he has not been involved in any transactions with Sono-Tek. He is expected to receive the standard compensation package afforded to all board members. InvestingPro analysis reveals 8 additional key insights about Sono-Tek’s financial position and market performance.
In addition to welcoming Warshaw, Sono-Tek disclosed the impending departure of Philip Strasburg, a current board member serving on the Audit and Compensation Committees. Strasburg has expressed his intention not to seek re-election and will resign at the conclusion of the next annual shareholders meeting, also expected to be held in August 2025.
This boardroom transition occurs as Sono-Tek continues to innovate in its field, providing specialized machinery for various industrial applications. The information for this article is based on the aforementioned SEC filing.
In other recent news, Sono-Tek Corp reported its second-quarter 2025 earnings, aligning with analysts’ expectations by posting an earnings per share (EPS) of $0.02 and revenue of $5.12 million. The company’s overall revenue for the fiscal year increased by 4% to $20.5 million, although EPS slightly declined to $0.08 from $0.09 the previous year. The company maintains a strong cash position with $11.9 million in cash and no debt, supporting its strategic initiatives. Sono-Tek continues to focus on high-growth sectors such as semiconductors and medical devices, which are anticipated to drive future growth. The firm also reported an increase in U.S. and Canadian sales, which helped offset declines in other regions. Additionally, Sono-Tek is optimistic about continued sales growth in fiscal 2026, supported by a robust backlog of $8.6 million. Analyst discussions highlighted the company’s strategic focus on expanding its high-value product offerings in the clean energy, medical, and semiconductor markets.
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