{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-008151","form_type":"8-K","ticker":"SODI","cik":"0000091668","company_name":"SOLITRON DEVICES INC","filed_at":"2023-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.795183+00:00","generated_at":"2026-06-13T22:10:07.241472+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"medium","headline":"Solitron reports 48% drop in FY23 revenue; signs term sheet for medical components acquisition","bullets":["Fiscal 2023 net sales $6.41M, down 48% YoY; net income $0.83M ($0.40/share) vs $3.51M prior year.","Q4 net income $0.23M ($0.11/share) vs loss of $0.46M in prior Q4; net sales $1.5M down 24%.","Signed non-binding term sheet for acquisition of medical electronics company; initial ~$3M cash at close, up to $450K earnouts over 3 years.","Backlog grew 71% to $7.63M at FY23 end; full-year bookings up 24% to $9.57M.","Target had 2022 revenue $5.9M; single customer represents 90% of revenue; due diligence estimated ~75 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-008151","json":"https://secwatch.observer/filing/0001654954-23-008151.json","markdown":"https://secwatch.observer/filing/0001654954-23-008151.md","text":"https://secwatch.observer/filing/0001654954-23-008151.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/91668/000165495423008151/0001654954-23-008151-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/91668/000165495423008151/sodi_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T22:10:07.241472+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":"11e48b744db80dbfe1ce85872e5f062c7b28f92a","claim":"SOLITRON DEVICES INC reported fiscal 2024 first quarter (ended May 31, 2023) results: net income approximately $0.2 million of combined realized and unrealized losses.","evidence_excerpt":"Preliminary net sales figures for the first quarter of fiscal 2024 are $2.0 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/91668/000165495423008151/0001654954-23-008151-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2024 first quarter (ended May 31, 2023)"},{"label":"Net income","value":"approximately $0.2 million of combined realized and unrealized losses"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"11e48b744db80dbfe1ce85872e5f062c7b28f92a","claim":"SOLITRON DEVICES INC reported fiscal 2024 first quarter (ended May 31, 2023) results: net income approximately $0.2 million of combined realized and unrealized losses.","evidence_excerpt":"PRELIMINARY FISCAL 2024 FIRST QUARTER HIGHLIGHTS","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/91668/000165495423008151/0001654954-23-008151-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2024 first quarter (ended May 31, 2023)"},{"label":"Net income","value":"approximately $0.2 million of combined realized and unrealized losses"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"11e48b744db80dbfe1ce85872e5f062c7b28f92a","claim":"SOLITRON DEVICES INC reported fiscal 2024 first quarter (ended May 31, 2023) results: net income approximately $0.2 million of combined realized and unrealized losses.","evidence_excerpt":"We expect to report approximately $0.2 million of combined realized and unrealized losses for the quarter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/91668/000165495423008151/0001654954-23-008151-index.htm","confidence":0.9,"family_label":"Earnings 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results"}],"fact_type":"earnings_release"},{"claim_id":"6a0cdd476e3c1c957f95d1d6eebc43a7243f5ab5","claim":"SOLITRON DEVICES INC reported preliminary financial results for fiscal 2023 fourth quarter ended February 28, 2023.","evidence_excerpt":"Net sales is expected to decrease 24% to approximately $1.50 million in the fiscal 2023 fourth quarter versus $1.98 million in the fiscal 2022 fourth quarter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/91668/000165495423008151/0001654954-23-008151-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023 fourth quarter ended February 28, 2023"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"6a0cdd476e3c1c957f95d1d6eebc43a7243f5ab5","claim":"SOLITRON DEVICES INC reported preliminary financial results for fiscal 2023 fourth quarter ended February 28, 2023.","evidence_excerpt":"PRELIMINARY FISCAL 2023 FOURTH QUARTER HIGHLIGHTS","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/91668/000165495423008151/0001654954-23-008151-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023 fourth quarter ended February 28, 2023"},{"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"}