Solitron Devices Q1 FY2027 net sales $5.44M (+101% YoY), net income $0.99M vs loss; retains banker for strategic review

SOLITRON DEVICES INC

Net sales $5.44M, up 101% YoY; net income $0.99M ($0.46 EPS) vs net loss of $0.34M ($0.16 loss) in prior year.
Net bookings fell 48% to $1.45M; backlog up 28% to $23.34M, further boosted by $5.04M post-quarter order to $26.97M.
Retained investment banker to explore strategic alternatives including merger, sale, or special dividend; no assurance of outcome.
Contingent consideration expense of $0.33M related to MEI earn-out; no actual income taxes due due to deferred tax assets.
U.S. Air Force UPL requests doubling AMRAAM production to 2,400/yr by 2028; Solitron is key supplier, needs Congressional approval.

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