secwatch.observer — SEC 8-K summary
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Issuer:     SOLITRON DEVICES INC (SODI)
CIK:        0000091668
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001654954-24-000772
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Solitron Q3 sales surge 608% to $4.14M; swings to net income of $0.04 per share
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- Net sales of $4.14M vs $0.58M year ago; net income $86K ($0.04 EPS) vs loss of $492K.
- Backlog rose 102% to $12.99M; net bookings up 115% to $4.84M.
- Results include Micro Engineering acquisition closed Sep 1, 2023; MEI contributed $1.41M in sales.
- Adjusted operating income of $933K excludes $494K inventory fair value adjustment and $200K acquisition costs.
- Company cites replenishment of Ukraine/stockpile programs as key demand drivers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91668/000165495424000772/0001654954-24-000772-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91668/000165495424000772/sodi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-000772

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