Sono-Tek (SOTK) 21st Virtual Investor Summit Microcap Event summary

Leadership and company background

• CEO Steve Harshbarger highlighted his long tenure and the experienced management team.

• The company was founded in 1975, based on the invention of the ultrasonic atomizing nozzle.

• The core technology transitioned from R&D devices to large-scale system solutions over decades.

Technology and market focus

• Ultrasonic nozzles enable precise, thin-film coatings for diverse applications.

• Key markets include microelectronics, alternative energy, medical devices, industrial, and R&D.

• Focused growth in disruptive sectors like semiconductors, solar, and medical coatings.

Financial performance and growth

• FY 2024 saw 30% year-over-year revenue growth and $1.4 million net income.

• Maintained profitability even during supply chain disruptions, with gross margins above 45%.

• Strong cash position ($12 million), zero debt, and ownership of facilities.