Solitron Devices Q1 net sales up 95% to $3.97M; net income $0.59M vs prior loss

SOLITRON DEVICES INC

Net sales $3.97M (+95% YoY); net income $0.59M ($0.28 EPS) vs loss ($0.17M) prior year.
Net bookings $2.04M (-42% YoY); backlog $9.41M (+3% YoY).
MEI acquisition contributed $1.52M revenue; adjusted operating income $765K.
Expects orders on two major government programs this fall; capacity expansions noted.
Developing silicon carbide prototypes; optimistic about new revenue sources.

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