{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-000364","form_type":"8-K","ticker":"SODI","cik":"0000091668","company_name":"SOLITRON DEVICES INC","filed_at":"2023-01-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.561507+00:00","generated_at":"2026-06-20T16:21:10.233260+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Solitron Devices Q3 net loss of $0.49M; sales down 76% due to relocation, backlog up 101%","bullets":["Net loss of $0.49M ($0.24 per share) vs net income of $0.49M ($0.24) a year ago; sales fell 76% to $0.58M.","Net bookings rose 68% to $2.26M and backlog increased 101% to $6.43M; $1.40M backlog scheduled for 2024.","U.S. omnibus spending bill expected to add ~$4M annual revenue starting late 2024 through 2028 on two programs.","Facility relocation caused production stoppage; cost savings initiatives targeting $1.0M in annual savings.","Board approved more concentrated investment positions; cash moved to treasury bills; evaluating potential acquisitions."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-000364","json":"https://secwatch.observer/filing/0001654954-23-000364.json","markdown":"https://secwatch.observer/filing/0001654954-23-000364.md","text":"https://secwatch.observer/filing/0001654954-23-000364.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/91668/000165495423000364/0001654954-23-000364-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/91668/000165495423000364/sodi_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T16:21:10.233260+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6f53c5acf1ffe9da1b06cd94cfa27890aba1dd47","claim":"SOLITRON DEVICES INC reported third quarter of fiscal year 2023 results: revenue approximately $0.58 million, net income a loss of ($0.49) million, or ($0.24) per share, EPS ($0.24) per share.","evidence_excerpt":"announce preliminary fiscal 2023 third quarter results. FISCAL 2023 THIRD QUARTER HIGHLIGHTS ➢ Due to the planned facility relocation, net sales decreased 76% to approximately $0.58 million in the fiscal 2023 third quarter versus $2.47 million in the fiscal 2022 third quarter. ➢ Net bookings increased 68% to $2.26 million in the fiscal 2023 third quarter versus","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/91668/000165495423000364/0001654954-23-000364-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of fiscal year 2023"},{"label":"Revenue","value":"approximately $0.58 million"},{"label":"Net income","value":"a loss of ($0.49) million, or ($0.24) per share"},{"label":"EPS","value":"($0.24) per share"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}