---
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"
generated_at: "2026-06-20T16:21:10.233260+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Solitron Devices Q3 net loss of $0.49M; sales down 76% due to relocation, backlog up 101%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-000364
- JSON: https://secwatch.observer/filing/0001654954-23-000364.json
- Plain text: https://secwatch.observer/filing/0001654954-23-000364.txt

## Key facts
- Earnings Releases
  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.
  - Period: third quarter of fiscal year 2023
  - Revenue: approximately $0.58 million
  - Net income: a loss of ($0.49) million, or ($0.24) per share
  - EPS: ($0.24) per share
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/91668/000165495423000364/0001654954-23-000364-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.