SONO TEK CORP
For the period ended Aug 31, 2026. Filed Oct 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Aug 31, 2026 · Filed Oct 14, 2026
SOTK$4.21-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. – Condensed Consolidated Financial Statements:
CONDENSED CONSOLIDATED BALANCE SHEETS
| August 31, 2026 | February 28, 2026 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $10,249,779 | $7,339,403 |
| Marketable securities | 7,505,420 | 7,469,649 |
| Accounts receivable (less allowance of $12,225, respectively) | 1,230,260 | 3,350,953 |
| Inventories | 3,833,809 | 3,923,350 |
| Prepaid expenses and other current assets | 535,491 | 743,295 |
| Total current assets | 23,354,759 | 22,826,650 |
| Land | 250,000 | 250,000 |
| Buildings, equipment, furnishings and leasehold improvements, net | 2,036,827 | 2,173,443 |
| Intangible assets, net | 26,316 | 29,791 |
| Deferred tax asset | 731,673 | 1,141,611 |
| TOTAL ASSETS | $26,399,575 | $26,421,495 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts payable | $779,158 | $1,038,885 |
| Accrued expenses | 1,988,412 | 2,227,401 |
| Customer deposits | 2,324,246 | 3,069,743 |
| Income taxes payable | 188,503 | 255,398 |
| Total current liabilities | 5,280,319 | 6,591,427 |
| Deferred tax liability | 54,324 | 55,909 |
| Total liabilities | 5,334,643 | 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 August 31, 2026 and February 28, 2026 | 157,167 | 157,104 |
| Additional paid-in capital | 10,370,106 | 10,186,858 |
| Accumulated earnings | 10,537,659 | 9,430,197 |
| Total stockholders’ equity | 21,064,932 | 19,774,159 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $26,399,575 | $26,421,495 |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
| Six Months Ended August 31, | Three Months Ended August 31, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Net Sales | $10,893,312 | $10,295,469 | $5,232,153 | $5,162,696 |
| Cost of Goods Sold | 4,912,537 | 5,041,218 | 2,465,298 | 2,572,959 |
| Gross Profit | 5,980,775 | 5,254,251 | 2,766,855 | 2,589,737 |
| Operating Expenses | ||||
| Research and product development costs | 1,296,143 | 1,295,748 | 679,160 | 627,278 |
| Marketing and selling expenses | 2,025,731 | 1,729,504 | 1,000,747 | 871,353 |
| General and administrative costs | 1,380,209 | 1,324,477 | 705,417 | 669,952 |
| Total Operating Expenses | 4,702,083 | 4,349,729 | 2,385,324 | 2,168,583 |
| Operating Income | 1,278,692 | 904,522 | 381,531 | 421,154 |
| Interest and Dividend Income | 268,559 | 223,660 | 153,936 | 81,562 |
| Net unrealized (loss)/gain on marketable securities | (63,704) | 1,570 | (37,433) | 23,493 |
| Income Before Income Taxes | 1,483,547 | 1,129,752 | 498,034 | 526,209 |
| Income Tax Expense | 376,085 | 221,074 | 131,740 | 102,516 |
| Net Income | $1,107,462 | $908,678 | $366,294 | $423,693 |
| Basic Earnings Per Share | $0.07 | $0.06 | $0.02 | $0.03 |
| Diluted Earnings Per Share | $0.07 | $0.06 | $0.02 | $0.03 |
| Weighted Average Shares - Basic | 15,714,954 | 15,727,844 | 15,716,723 | 15,721,162 |
| Weighted Average Shares - Diluted | 15,789,915 | 15,740,384 | 15,806,121 | 15,731,571 |
**SONO-TEK CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Three and Six Months Ended August 31, 2026
| Shares | Amount | Additional Paid – In Capital | Accumulated Earnings | Treasury Stock | Total Stockholders’ Equity | |
|---|---|---|---|---|---|---|
| Balance - February 28, 2026 | 15,710,389 | $157,104 | $10,186,858 | $9,430,197 | — | $19,774,159 |
| Stock-based compensation expense | 85,825 | 85,825 | ||||
| Cashless exercise of stock options | 3,934 | 39 | (39) | — | ||
| Proceeds from exercise of stock options | 2,400 | 24 | 9,864 | 9,888 | ||
| Net Income | - | - | 741,168 | — | 741,168 | |
| Balance – May 31, 2026 (unaudited) | 15,716,723 | $157,167 | $10,282,508 | $10,171,365 | — | $20,611,040 |
| Stock-based compensation expense | 87,598 | 87,598 | ||||
| Net Income | - | - | 366,294 | - | 366,294 | |
| Balance – August 31, 2026 (unaudited) | 15,716,723 | $157,167 | $10,370,106 | $10,537,659 | — | $21,064,932 |
Three and Six Months Ended August 31, 2025
| Shares | Amount | Additional Paid – In Capital | Accumulated Earnings | Treasury Stock | Total Stockholders’ Equity | |
|---|---|---|---|---|---|---|
| Balance - February 28, 2025 | 15,751,153 | $157,512 | $10,018,034 | $7,624,516 | $(7,867) | $17,792,195 |
| Stock-based compensation expense | 75,163 | 75,163 | ||||
| Treasury Stock | (79,479) | (79,479) | ||||
| Net Income | - | - | 484,985 | — | 484,985 | |
| Balance – May 31, 2025 (unaudited) | 15,751,153 | $157,512 | $10,093,197 | $8,109,501 | $(87,346) | $18,272,864 |
| Stock-based compensation expense | 70,755 | 70,755 | ||||
| Treasury Stock | (71,643) | (71,643) | ||||
| Net Income | - | - | 423,693 | - | 423,693 | |
| Balance – August 31, 2025 (unaudited) | 15,751,153 | $157,512 | $10,163,952 | $8,533,194 | $(158,989) | $18,695,669 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.