earnings
confidence high
sentiment positive
materiality 0.75
Solitron Q2 FY2027 net sales up 42% to $5.66M; net income $1.30M ($0.60/sh) vs year-ago loss
SOLITRON DEVICES INC
- Net sales $5.66M vs $3.99M a year ago (+42%); gross profit $2.75M vs $0.84M; operating income $1.72M vs $(0.29)M loss.
- Net income $1.30M, or $0.60 per share, versus net loss $(0.23)M, or $(0.11) per share, in fiscal 2026 Q2; no actual cash taxes due on NOL deferred tax assets.
- Backlog hit a record $24.11M, up 29% YoY from $18.64M and above $23.34M at Q1 end; net bookings rose 48% to $6.42M.
- SG&A included $200K of investment-banker professional fees tied to exploring strategic alternatives, plus $52K intangible amortization.
- Management expects the next AMRAAM order in fiscal Q4, citing RTX/Pentagon October multi-year agreements for AMRAAM and Standard Missiles 2, 3 and 6, subject to Congressional funding.