Solitron Devices Q2 FY2022 net sales up 36% to $4.23M, net income up 286% to $2.45M

SOLITRON DEVICES INC

Net sales $4.23M (+36% YoY); net income $2.45M ($1.18/sh) vs $0.64M ($0.31/sh).
Six-month net sales $7.84M (+40% YoY); net income $3.48M ($1.67/sh) vs $1.00M ($0.49/sh).
Bookings fell 36% to $1.08M; company expects Raytheon contract award late Q3 or early Q4.
Guidance: Q3 FY2022 net sales expected $2.0–2.2M due to planned facility relocation.
PPP loan forgiveness of $812K included; company evaluating potential acquisitions.

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