M&A
confidence high
sentiment positive
materiality 0.60
Solitron Devices files Micro Engineering financials for acquisition; MEI net income $1.4M in 2022
SOLITRON DEVICES INC
- MEI 2022 net sales $5.93M, net income $1.405M; 2021 net sales $5.552M, net income $1.272M.
- MEI six months 2023 net sales $2.795M, net income $0.382M.
- MEI total assets $4.047M at June 30, 2023; stockholders' equity $3.704M.
- Acquisition of Micro Engineering closed Aug 31, 2023; this filing provides audited/unaudited financials and pro forma data.