secwatch.observer — SEC 8-K summary
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Issuer:     SOLITRON DEVICES INC (SODI)
CIK:        0000091668
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001654954-24-010609
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91668/000165495424010609/0001654954-24-010609-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91668/000165495424010609/sodi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-010609

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