Sono-Tek Q3 Net Income Declines - Quick Facts

(RTTNews) - Sono-Tek Corporation (SOTK) reported that its third quarter net income decreased by 60% to $274,000 compared with $690,000, a year ago. The company said the decrease in net income during the third quarter is primarily the result of a decrease in revenue and gross profit combined with decreases in operating expenses and income tax expense. Earnings per share was $0.02 compared to $0.04.

Net sales for the third quarter were $5.19 million, compared to $5.69 million, prior year.

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