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Solitron Devices, Inc. reports developments tied to its solid state semiconductor components and related devices for military and aerospace customers. News commonly covers fiscal results, net sales, bookings, backlog, product mix and operating income, along with customer order timing and production capacity.
The company’s updates also include the completed acquisition and integration of Micro Engineering Inc., acquisition accounting items, contingent consideration, and new product development activity that includes silicon carbide prototypes. Corporate updates may address governance, capital-structure matters and other operating disclosures for the OTC Pink-traded company.
Solitron Devices (OTC Pink: SODI) reported fiscal 2027 first quarter net sales of approximately $5.44 million, up 101% from $2.70 million a year earlier. Net income was $0.99 million, or $0.46 per share, versus a net loss of $0.34 million, or $(0.16) per share, in the prior-year quarter.
Net bookings declined 48% to $1.45 million, while backlog rose 28% year over year to $23.34 million and reached $26.97 million in July 2026 after a $5.04 million MEI order. Gross profit increased to $2.47 million from $0.39 million. Cash and equivalents grew to $6.04 million. Results included a $0.33 million contingent consideration expense tied to the MEI earn-out.
The company highlighted U.S. Air Force interest in doubling AMRAAM missile production by 2028, subject to Congressional approval, and expects the next AMRAAM order in the fiscal third quarter. After quarter-end, Solitron engaged an investment banker to explore strategic alternatives, with no assurance of a specific transaction.
Solitron Devices (OTC Pink: SODI) reported preliminary fiscal 2026 results: Q4 net sales ~$5.3M (+70% YoY), fiscal 2026 net sales of ~$17.0M (+21% YoY), and backlog of $27.3M (+51% YoY). Q4 bookings fell ~43% to $5.1M. Preliminary gross profit is $2.1–$2.2M and operating income $1.3–$1.4M, with a one‑time contingent consideration charge of ~$0.3–$0.4M. The Board is evaluating strategic alternatives; the review is ongoing.
Solitron Devices, Inc. (OTC Pink:SODI) announced its fiscal 2025 first quarter results, reporting significant growth. Net sales increased 95% to $3.97 million, while net income rose to $0.59 million ($0.28 per share) compared to a loss in the previous year. The company's backlog grew 3% to $9.41 million. Micro Engineering (MEI), acquired in September 2023, contributed $1.52 million in revenue. Solitron expects orders for two major programs this fall and sees increased interest in new product development, including silicon carbide. The company remains optimistic about creating additional revenue sources despite some concerns about production capacity in key programs.
Solitron Devices (OTC PINK:SODI) announced its fiscal 2024 fourth quarter and full year results. The company reported significant growth in net sales, with a 167% increase in Q4 to $4 million and a 99% increase for the year to $12.76 million. Net income surged to $5.8 million in both Q4 and the full year, benefiting from a $2.24 million bargain purchase gain and a $3.02 million income tax benefit. Despite the positive sales, net bookings decreased by 18% to $2.23 million in Q4. The acquisition of Micro Engineering Inc. (MEI) contributed significantly to revenue, adding $1.52 million in Q4. However, acquisition-related costs impacted operating income. Looking ahead, Q1 fiscal 2025 revenue is expected to be around $3.82 million with bookings of $2.04 million.
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Solitron Devices, Inc. (SODI) reported preliminary fiscal 2023 third quarter results showing a 76% decline in net sales to $0.58 million compared to $2.47 million in the same quarter last year. Net bookings surged 68% to $2.26 million, while backlog grew 101% to $6.43 million. However, net income fell to a loss of ($0.49) million from a profit of $0.49 million. For the nine months ending November 30, 2022, net sales decreased 52% to $4.91 million, with net income down 85% to $0.59 million.
Future revenue of approximately $20 million is anticipated from U.S. government funding starting in late 2024.
Solitron Devices, Inc. (OTC PINK:SODI) reported a robust performance for its fiscal 2022 third quarter, with net sales rising by 7% to approximately $2.47 million, compared to $2.31 million in the same quarter last year. Net income surged to $0.49 million, or $0.24 per share, reversing from a loss of $0.03 million in the prior year. For the first nine months, net sales increased by 30% to $10.31 million, and net income saw a significant increase of 306%, reaching $3.97 million, or $1.90 per share. However, sales for the upcoming fourth quarter are anticipated to be lower due to planned facility relocation.
Solitron Devices, Inc. (OTC PINK:SODI) reported strong financial results for the fiscal 2022 second quarter, with net sales increasing 36% to approximately $4.23 million and net income surging 286% to $2.45 million, or $1.18 per share. Despite these gains, net bookings fell 36% to $1.08 million. For the first six months, sales climbed 40% to about $7.84 million, but bookings decreased 1%. The company anticipates lower sales in the upcoming third quarter due to planned facility relocation and ongoing supply chain issues.