secwatch.observer — SEC 8-K summary
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Issuer:     SOLITRON DEVICES INC (SODI)
CIK:        0000091668
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001654954-24-012987
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Solitron Q2 revenue up 39% to $3.58M but net income plunges to $17K on part scrapping issues
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- Net sales $3.58M (+39% YoY); net income $17K ($0.01 EPS) vs $200K ($0.10 EPS) prior year.
- Net bookings $1.74M (-22% YoY); backlog $7.57M (-14% YoY).
- Plating supplier issue forced scrapping of over 2,000 parts; withholding supplier payment.
- MEI acquisition contributed $1.58M revenue; guidance: $7M-$12M bookings through year-end.
- Adjusted operating income (ex-intangible amort) $103K vs reported $50K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91668/000165495424012987/0001654954-24-012987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91668/000165495424012987/sodi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-012987

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