secwatch.observer — SEC 8-K summary
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Issuer:     SOLITRON DEVICES INC (SODI)
CIK:        0000091668
Form:       8-K
Filed at:   2021-10-12T23:59:59+00:00
Accession:  0001654954-21-010960
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91668/000165495421010960/0001654954-21-010960-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91668/000165495421010960/sodi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-21-010960

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