Solitron Devices INC 10-Q quarterly reports

Solitron Devices Inc. announces a significant turnaround in its first quarter of fiscal year 2026, reporting a net income of $990,000 compared to a net loss in the prior year, driven by a substantial increase in net sales.

Solitron Devices, Inc. reported a significant 49% increase in net sales for the third quarter of fiscal year 2026, driven by strong bookings and a doubling of its backlog, despite a decline in nine-month net income.

Solitron Devices, Inc. reported a net loss of $234,000 for the three months ended August 31, 2025, and a $570,000 net loss for the six months, driven by decreased net sales and increased administrative expenses.

Solitron Devices, Inc. reported a substantial 32% decrease in net sales and a shift to a net loss of $336,000 for the first quarter ended May 31, 2025, primarily due to lower backlog and delayed orders, though net bookings and total backlog saw significant increases.

Solitron Devices saw a significant increase in net income for the third quarter of fiscal year 2025, primarily due to the acquisition of Micro Engineering Inc. (MEI).

Solitron Devices saw a significant increase in net sales for the second quarter of 2024, primarily driven by the acquisition of Micro Engineering Inc., but experienced a decrease in profitability due to higher costs.

Solitron Devices saw a significant increase in net sales and a return to profitability in the first quarter of fiscal year 2025, largely due to the acquisition of Micro Engineering Inc.

Solitron Devices experienced a significant increase in revenue and backlog in the third quarter of fiscal year 2024, primarily driven by the acquisition of Micro Engineering, Inc. and increased production.