Sono-Tek Corp. said its normalized net income for the fiscal third quarter ended Nov. 30, 2015, was 1 cents per share, a gain from 1 cents per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $177,940, an increase from $174,200 in the year-earlier period.
The normalized profit margin dropped to 5.9% from 6.1% in the year-earlier period.
Total revenue climbed 6.3% year over year to $3.0 million from $2.9 million, and total operating expenses increased 7.4% on an annual basis to $2.8 million from $2.6 million.
Reported net income grew from the prior-year period to $300,880, or 2 cents per share, from $149,580, or 1 cents per share.
