Solitron Devices returns to profit in Q1 FY27 with net income $990,000; net sales more than doubled to $5.44 million
SOLITRON DEVICES INC SODI | 0.00 |
- Solitron Devices posted net income of $990,000 for the quarter ended May 31, 2026, returning to profit from a $336,000 loss.
- Net sales more than doubled to $5.44 million, while operating income was $1.54 million versus an operating loss of $378,000.
- Gross margin widened 31 percentage points to 45%.
- Backlog rose 28% to $23.34 million, while net bookings fell 48% to $1.45 million.
- Cash and cash equivalents climbed to about $6.04 million at May 31, 2026 from about $3.91 million at Feb. 28, 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Solitron Devices Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-023414), on July 13, 2026, and is solely responsible for the information contained therein.
