Sono-Tek misses top-line and bottom-line estimates; reaffirms FY27 outlook

• Sono-Tek press release (SOTK): Q2 GAAP EPS of $0.02 misses by $0.02.
• Revenue of $5.23M (+1.4% Y/Y) misses by $0.32M.
• Medical market sales increased 209% to $3.11 million, led by shipments of balloon coating systems and specialty stent-coating systems.
• Cash, cash equivalents and marketable securities: Totaled $17.7 million at August 31, 2026, compared with $14.8 million at February 28, 2026, with no outstanding debt.
• Backlog: Combined equipment and service-related backlog was $9.51 million at August 31, 2026, an increase of approximately $1.78 million, or 23%, from $7.73 million at the end of the first quarter of fiscal 2027.
• Guidance: For the full fiscal year 2027, the Company is reiterating its prior guidance for flat to modest revenue growth reflecting the timing of several large orders, growing demand in the medical device market and higher value production systems.

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