secwatch.observer — SEC 8-K summary
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Issuer:     SOLITRON DEVICES INC (SODI)
CIK:        0000091668
Form:       8-K
Filed at:   2024-07-12T23:59:59+00:00
Accession:  0001654954-24-008832
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Solitron Devices FY2024 Q4 net sales +167% to $4M; net income $5.8M ($2.78/share) with $2.24M bargain gain
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- Net sales Q4 $4.0M (up 167% YoY); full year $12.76M (up 99% YoY); includes $1.52M from MEI acquisition.
- Net income Q4 $5.8M ($2.78/share) vs $0.23M ($0.11) YoY; includes $2.24M bargain purchase gain and $3.02M tax benefit.
- Backlog $11.21M at Q4 end (+47% YoY); net bookings Q4 $2.23M (-18% YoY) but full year $14.12M (+47% YoY).
- Adjusted Q4 operating income $766K excluding acquisition costs; reported operating income $368K.
- Guidance: Fiscal 2025 Q1 revenue expected ~$3.82M; Q1 bookings ~$2.04M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91668/000165495424008832/0001654954-24-008832-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91668/000165495424008832/sodi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-008832

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer