$SOTK

SONO TEK CORP

CIK:0000806172|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)	3 Months Ended
	May 31, 2026	May 31, 2025
Income Statement [Abstract]
Net Sales	$ 5,661,159	$ 5,132,773
Cost of Goods Sold	2,447,241	2,468,259
Gross Profit	3,213,918	2,664,514
Operating Expenses
Research and product development costs	616,982	668,470
Marketing and selling expenses	1,024,984	858,151
General and administrative costs	674,792	654,525
Total Operating Expenses	2,316,758	2,181,146
Operating Income	897,160	483,368
Interest and Dividend Income	114,624	142,098
Net unrealized (loss) on marketable securities	(26,271)	(21,923)
Income Before Income Taxes	985,513	603,543
Income Tax Expense	244,345	118,558
Net Income	$ 741,168	$ 484,985
Basic Earnings Per Share	$ 0.05	$ 0.03
Diluted Earnings Per Share	$ 0.05	$ 0.03
Weighted Average Shares - Basic	15,713,185	15,733,955
Weighted Average Shares - Diluted	15,737,276	15,748,556

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	May 31, 2026	May 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income	$ 741,168	$ 484,985
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	118,637	153,723
Stock-based compensation expense	85,825	75,163
Inventory write-off	56,671	98,585
Unrealized loss on marketable securities	26,271	21,923
Deferred income tax benefit, net	351,758	(143,356)
(Increase) Decrease in:
Accounts receivable	2,086,021	(748,916)
Inventories	(196,453)	(373,515)
Prepaid expenses and other assets	83,777	(30,562)
Accounts payable	(103,443)	(159,011)
Accrued expenses	(139,172)	129,444
Customer deposits	(1,062,847)	(123,351)
Income taxes payable	(107,414)	(307,405)
Net Cash Provided by (Used in) Operating Activities	1,940,799	(922,293)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of equipment, furnishings and leasehold improvements	(81,521)	(52,249)
Sale of marketable securities	299,774	1,364,134
Purchase of marketable securities	(526,268)	(649,435)
Net Cash (Used in) Provided by Investing Activities	(308,015)	662,450
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options	9,888
Purchase of treasury stock		(79,479)
Net Cash Provided by (Used in) Financing Activities	9,888	(79,479)
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	1,642,672	(339,322)
CASH AND CASH EQUIVALENTS:
Beginning of period	7,339,403	5,202,361
End of period	8,982,075	4,863,039
Supplemental Cash Flow Disclosure:
Interest Paid
Income Taxes Paid		$ 569,319

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	May 31, 2026	Feb. 28, 2026
Current Assets:
Cash and cash equivalents	$ 8,982,075	$ 7,339,403
Marketable securities	7,669,872	7,469,649
Accounts receivable (less allowance of $12,225, respectively)	1,264,932	3,350,953
Inventories	4,063,132	3,923,350
Prepaid expenses and other current assets	659,518	743,295
Total current assets	22,639,529	22,826,650
Land	250,000	250,000
Buildings, equipment, furnishings and leasehold improvements, net	2,138,226	2,173,443
Intangible assets, net	27,892	29,791
Deferred tax asset	809,182	1,141,611
TOTAL ASSETS	25,864,829	26,421,495
Current Liabilities:
Accounts payable	935,442	1,038,885
Accrued expenses	2,088,229	2,227,401
Customer deposits	2,006,896	3,069,743
Income taxes payable	147,984	255,398
Total current liabilities	5,178,551	6,591,427
Deferred tax liability	75,238	55,909
Total liabilities	5,253,789	6,647,336
Commitments and Contingencies (Note 10)
Stockholders’ Equity
Common stock, $.01 par value; 25,000,000 shares authorized, 15,716,723 and 15,710,389 issued and outstanding as of May 31, 2026 and February 28, 2026	157,167	157,104
Additional paid-in capital	10,282,508	10,186,858
Accumulated earnings	10,171,365	9,430,197
Total stockholders’ equity	20,611,040	19,774,159
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 25,864,829	$ 26,421,495