Solitron Devices Q3 revenue down 19% to $3.37M; net income triples to $266k; bookings up 66%

SOLITRON DEVICES INC

Q3 net sales fell 19% YoY to $3.37M from $4.14M; net income rose to $266k ($0.13/sh) from $86k ($0.04/sh).
Net bookings surged 66% to $8.05M from $4.84M; backlog slightly decreased to $12.28M.
Plating supplier quality issue in Q2 led to scrapping over 2,000 parts, impacting Q3 revenue.
Expected ~$5M order from largest program 'soon'; growing interest in silicon carbide prototypes.

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