Sono-Tek Corp. announced unaudited earnings results for the third quarter and nine months ended November 30, 2014. For the quarter, the company reported net sales of $2,851,906 compared to $2,650,225 a year ago, an increase of $202,000 or 8%. The current quarter's revenue increase was due to continuing strength of sales of SonoFlux equipment to the electronics printed circuit board industry, along with an even stronger showing in multi-axis coating units to the specialty glass, medical device, and advanced energy market segments. Income before taxes was $278,715 compared to $264,672 a year ago. The company reported net income of $202,432 compared to $171,247 for the prior year period, an increase of $31,000. Basic and diluted earnings per share were $0.01 compared to $0.01 a year ago.

For the nine months, the company reported net sales of $7,906,332 compared to $7,561,998 a year ago. Income before taxes was $549,071 compared to $530,945 a year ago. The company reported net income of $384,100 compared to $350,424 for the prior year period. Basic and diluted earnings per share were $0.03 compared to $0.02 a year ago.

Based on backlog, shipments and proposals, the company expects another sales increase for the fourth quarter of this Fiscal Year, with continuing strength in sales of stent coating units, semiconductor coating machinery and PCB fluxing equipment to the electronics industry. The company also expects to report continuing profitability in the fourth quarter, based on backlog and shipments to date.

The company is preliminarily targeting 10% sales growth in fiscal year 2016.