earnings
confidence high
sentiment negative
materiality 0.70
Solitron Devices Q2 net loss $0.23M despite 11% sales growth to $3.99M
SOLITRON DEVICES INC
- Net sales $3.99M (+11% YoY); net loss $0.23M vs prior-year profit $0.02M.
- Net bookings $4.32M (+147%); backlog $18.64M (+146%) at record levels.
- Loss driven by $225K stock grant to board/management and $105K COO option accrual.
- Expect AMRAAM Lot 39 order in Q3 2026; silicon carbide prototypes for potential customers.
- Gross margin hit by tariffs; SG&A includes $52K intangible amortization.