Solitron Devices, Inc. Announces Fiscal 2027 Second Quarter Results
Key Highlights
- ➤Net sales rose 42% to approximately $5.66 million year over year
- ➤Net bookings increased 48% to $6.42 million year over year
- ➤Backlog increased 29% to $24.11 million at quarter-end
- ➤Net income reached $1.30 million, or $0.60 per share, versus a loss
- ➤Sales expected to remain at this level or greater through fiscal 2027
WEST PALM BEACH, Fla., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Solitron Devices, Inc. (OTC Pink: SODI) (“Solitron” or the “Company”) is pleased to announce fiscal 2027 second quarter results.
FISCAL 2027 SECOND QUARTER HIGHLIGHTS – * Net sales increased 42% to approximately $5.66 million in the fiscal 2027 second quarter versus $3.99 million in the fiscal 2026 second quarter. * Net bookings increased 48% to $6.42 million in the fiscal 2027 second quarter versus $4.32 million in the prior year second quarter. * Backlog increased 29% to $24.11 million at the end of the fiscal 2027 second quarter as compared to $18.64 million at the end of the fiscal 2026 second quarter. * Net income was $1.30 million, or $0.60 per share, for the fiscal 2027 second quarter versus net loss of ($.23) million, or ($0.11) per share, for the fiscal 2026 second quarter. Revenue increased in the fiscal 2027 second quarter to $5.66 million from $5.44 million during the first quarter, due to the Company’s strong backlog. As previously noted in our last press release, we anticipate sales to continue to be at this level or greater for the remainder of the 2027 fiscal year.
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