India, Oct. 14 -- Sono-Tek Corp. (SOTK), an ultrasonic coating systems manufacturer, on Wednesday reported lower profit for the second quarter of fiscal 2027, while first-half profit improved significantly, driven by strong demand from the medical-device market.
The shares were trading $1.27 or 17.78 percent lower at $5.85 on the Nasdaq.
Looking ahead, Sono-Tek expects flat to modest revenue growth in fiscal 2027 due to the timing of large equipment orders. Three new orders worth approximately $7.19 million, expected to ship in fiscal 2028, strengthen its revenue outlook for the following year.
For the second quarter of fiscal 2027, net income was $0.37 million or $0.02 per share, compared with $0.42 million or $0.03 per share in the com...