SOTKSeeking AlphaSono-Tek Corporation: Backlog Additions To Support Year-Out Sales
Sono-Tek is seeing strong growth in medical applications, and a solid sales outlook of modest growth or flat sales for the rest of the FY. Customer concentration remains high at SOTK, with 52% of sales from two customers. In general, products need to get validated for momentum to continue. On the other hand, the success in higher ASP sales and in the sorts of things sold in the medical vertical could lend itself to follow-on sales.
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