Sono-Tek Corp. (SOTK.OB) Positioned Well For the Recovery
Sono-Tek Corporation announced its earnings results for the first quarter of fiscal 2010, ending May 31, 2009. The company had a net loss of ($0.01) per share, and sales of $1.46 million, down 10% from the same quarter last year as its customers continued to feel the effects of the recession. Sono-Tek Corporation did note that it saw strong growth in alternative energy applications of its products, including fuel cell and solar energy. Dr. Christopher L. Coccio, the CEO of Sono-Tek said, “We believe that the new products, technology developments, and increased marketing and sales coverage we now have in…