SOLITRON DEVICES, INC. ANNOUNCES PRELIMINARY FISCAL 2026 FOURTH QUARTER RESULTS

About this update from Solitron Devices, Inc.

[{"type":"text","content":"WEST PALM BEACH, Fla., April 22, 2026 (GLOBE NEWSWIRE) -- Solitron Devices, Inc. (OTC Pink: SODI) (“Solitron” or the “Company”) is pleased to announce preliminary results for the fiscal 2026 fourth quarter.","length":206,"tagName":"p"},{"type":"text","content":"PRELIMINARY FISCAL 2026 FOURTH QUARTER HIGHLIGHTS –","length":51,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales increased approximately 70% to approximately $5.3 million in the fiscal 2026 fourth quarter versus $3.1 million in the fiscal 2025 fourth quarter.","length":156,"tagName":"p"}]},{"val":[{"type":"text","content":"Net bookings decreased 43% to $5.1 million in the fiscal 2026 fourth quarter versus $8.9 million in the prior year fourth quarter.","length":130,"tagName":"p"}]},{"val":[{"type":"text","content":"Backlog increased 51% to $27.3 million at the end of fiscal 2026 as compared to $18.1 million at the end of fiscal 2025.","length":120,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":406,"olType":false},{"type":"text","content":"PRELIMINARY FISCAL 2026 HIGHLIGHTS –","length":36,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales increased approximately 21% to approximately $17.0 million in fiscal 2026 versus $14.0 million in fiscal 2025.","length":120,"tagName":"p"}]},{"val":[{"type":"text","content":"Net bookings increased 26% to $26.1 million in fiscal 2026 versus $20.8 million in fiscal 2025.","length":95,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":215,"olType":false},{"type":"text","content":"Preliminary revenue in the 2026 fiscal fourth quarter ended February 28, 2026, is expected to be approximately $5.3 million. Gross profit is expected to be between $2.1 and $2.2 million. Operating income is expected to be $1.3 to $1.4 million. We do expect a one-time charge related to a change in contingent consideration of approximately $0.3 to $0.4 million due to increased backlog at MEI increasing the expected final earnout payment. Pre-tax income is expected to be $0.9 to $1.0 million including the charge.","length":515,"tagName":"p"},{"type":"text","content":"Bookings were down in the fiscal fourth quarter, versus the prior year fiscal quarter, but it should be pointed out that we received AMRAAM Lot 39 order from RTX in the third quarter of fiscal 2026 versus receivi...

More updates from Solitron Devices, Inc.