Solitron Devices fiscal Q1 net loss $0.34M; revenue down 32% YoY

SOLITRON DEVICES INC

Net sales fell 32% to $2.70M from $3.97M; net loss of $0.34M vs. net income of $0.59M a year ago.
EPS loss $0.16 per share vs. prior-year EPS of $0.28; gross profit dropped to $0.39M from $1.68M.
Net bookings rose 37% to $2.80M; backlog increased 94% to record $18.26M.
Invested $1.65M for 6.4% of CBE LLC, which holds 25% interest in CrossingBridge Advisors with ~$4.0B AUM.
U.S. Air Force UPL requests doubling AMRAAM production to 2,400/yr by 2028; Solitron supplies AMRAAM.

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