Solitron Devices Q3 net income $0.49M vs loss; nine-month sales +30% to $10.31M

SOLITRON DEVICES INC

Net sales $2.47M (+7% YoY); net income $0.49M ($0.24/diluted share) vs loss of ($0.03M) in prior-year quarter.
Nine-month net sales $10.31M (+30% YoY); net income $3.97M ($1.90/share) vs $0.98M, up 306%.
Q4 FY2022 sales expected ~$1.5M due to planned facility relocation; production to outpace sales, inventory build expected.
PPP loan forgiveness of $812k contributed to nine-month other income; scrap income of $357k also recognized.
Management expects $1.0M annual cost savings post-relocation; evaluating potential acquisitions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.