Recent 8-K filings for SODI
Highest-materiality recent filing
Solitron Devices Q1 FY2027 net sales $5.44M (+101% YoY), net income $0.99M vs loss; retains banker for strategic review
- Net sales $5.44M, up 101% YoY; net income $0.99M ($0.46 EPS) vs net loss of $0.34M ($0.16 loss) in prior year.
- Net bookings fell 48% to $1.45M; backlog up 28% to $23.34M, further boosted by $5.04M post-quarter order to $26.97M.
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Net sales $5.44M, up 101% YoY; net income $0.99M ($0.46 EPS) vs net loss of $0.34M ($0.16 loss) in prior year.
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Charles M. Gillman elected Class III director with 1,049,702 votes for, 60,102 against, 19,127 abstentions (615,787 broker non-votes).
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Solitron Devices Q4 sales up ~70% to $5.3M; backlog up 51% to $27.3M
Net sales ~$5.3M in Q4 FY2026 vs $3.1M YoY; FY2026 sales ~$17.0M, up 21%.
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Annual meeting moved to April 24, 2026 (typically January) after earlier unsolicited acquisition proposal expired.
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Solitron Devices Q3 fiscal 2026: revenue +49%, EPS $0.31, backlog +124% to $27.5M
Q3 net sales $5.02M (+49% YoY); net income $0.65M ($0.31 per share) vs $0.27M ($0.13) YoY.
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Solitron Devices reports record Q3 FY2026 bookings of $13.8M, up 72.5% YoY
Q3 FY2026 bookings to date $13.8M vs $8.0M in prior year quarter; nine-month bookings $20.9M vs $11.8M.
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Solitron Devices Q2 net loss $0.23M despite 11% sales growth to $3.99M
Net sales $3.99M (+11% YoY); net loss $0.23M vs prior-year profit $0.02M.
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New 3-year term for President/COO Matson; base salary $450K with bonus tied to profit tiers up to 7% above $6M.
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Solitron Devices fiscal Q1 net loss $0.34M; revenue down 32% YoY
Net sales fell 32% to $2.70M from $3.97M; net loss of $0.34M vs. net income of $0.59M a year ago.
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Solitron Devices Q4 net loss $0.37M; bookings surge 301% to $8.92M
Q4 net sales $3.13M, down 22% YoY; net loss ($0.37M) vs net income $5.80M in Q4 2024.
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Solitron Devices reports preliminary Q4 revenue $3.1M vs $4.0M YoY, expects net loss $0.1-0.2M
Fiscal Q4 2025 bookings surged to $8.9M from $2.2M YoY; full-year bookings $20.8M vs $12.8M.
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Solitron Devices stockholders elect directors, ratify auditor, approve say-on-pay
Elected Tim Eriksen and David W. Pointer as Class II directors; 1,114,904 and 1,106,850 votes for, respectively.
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Solitron Devices Q3 revenue down 19% to $3.37M; net income triples to $266k; bookings up 66%
Q3 net sales fell 19% YoY to $3.37M from $4.14M; net income rose to $266k ($0.13/sh) from $86k ($0.04/sh).
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Solitron Devices reports Q3 fiscal 2025 bookings of $8.0M, up 67% YoY
Fiscal Q3 bookings $8.0M vs $4.8M YoY; nine-month $11.8M vs $10.6M.
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Solitron Q2 revenue up 39% to $3.58M but net income plunges to $17K on part scrapping issues
Net sales $3.58M (+39% YoY); net income $17K ($0.01 EPS) vs $200K ($0.10 EPS) prior year.
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Solitron Devices Q1 net sales up 95% to $3.97M; net income $0.59M vs prior loss
Net sales $3.97M (+95% YoY); net income $0.59M ($0.28 EPS) vs loss ($0.17M) prior year.
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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.
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Solitron Devices subsidiary purchases facility for $1.75M, financed by $1.4M BOA loan at 6.39%
Micro Engineering exercised lease option to buy Apopka, FL property for $1,750,000.
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Solitron Devices increases CEO salary to $100k and COO to $285k effective March 1
CEO/CFO Tim Eriksen annual base salary raised to $100,000 from prior level.
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Solitron Devices stockholders elect two Class I directors, ratify auditor, approve say-on-pay
John F. Chiste and Dwight P. Aubrey elected as Class I directors with over 1.15M votes for each.
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Solitron Q3 sales surge 608% to $4.14M; swings to net income of $0.04 per share
Net sales of $4.14M vs $0.58M year ago; net income $86K ($0.04 EPS) vs loss of $492K.
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Solitron Devices files Micro Engineering financials for acquisition; MEI net income $1.4M in 2022
MEI 2022 net sales $5.93M, net income $1.405M; 2021 net sales $5.552M, net income $1.272M.
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Solitron Devices dismisses MaloneBailey as auditor, appoints Whitley Penn
Board dismissed MaloneBailey effective Aug 30, 2023; no disagreements except known material weaknesses in internal controls.
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Solitron Devices dismisses MaloneBailey, appoints Whitley Penn as auditor
MaloneBailey dismissed as auditor effective Aug 30, 2023; no adverse opinions or disagreements on FY2022-2023 statements.
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Solitron Devices acquires Micro Engineering for $3M cash and earn-out
Paid $2.686M cash at closing plus $300K escrowed; base purchase price $3M.
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Solitron closes Micro Engineering acquisition for $3M; preliminary Q2 sales $2.6M, backlog $8.8M
Closed acquisition of Micro Engineering Inc. on Sept 1; initial $3.0M cash, earnouts up to 7.5% of annual revenue (~$450k each) over 3 years.
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Solitron reports 48% drop in FY23 revenue; signs term sheet for medical components acquisition
Fiscal 2023 net sales $6.41M, down 48% YoY; net income $0.83M ($0.40/share) vs $3.51M prior year.
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Solitron Devices annual meeting: director elected, auditor ratified, say-on-pay approved
Charles M. Gillman elected Class III director with 980,446 votes for, 110,943 withheld, 19,101 abstentions.
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Solitron Devices Q3 net loss of $0.49M; sales down 76% due to relocation, backlog up 101%
Net loss of $0.49M ($0.24 per share) vs net income of $0.49M ($0.24) a year ago; sales fell 76% to $0.58M.
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Solitron sets 2022 annual meeting for Jan 13, 2023; revises proposal deadlines
Record date for voting is November 18, 2022.
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Solitron Devices Q3 net income $0.49M vs loss; nine-month sales +30% to $10.31M
Net sales $2.47M (+7% YoY); net income $0.49M ($0.24/diluted share) vs loss of ($0.03M) in prior-year quarter.
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CEO Tim Eriksen's base salary raised to $90,000 effective Jan 1, 2022; awarded $65,000 discretionary bonus.
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Solitron Devices anticipates $1M annual cost savings from relocation and wafer fab closure
Annual cost savings of ~$1.0M expected after relocation to new West Palm Beach facility.
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Solitron Devices extends lease through April 2022, pays reduced rent after January
Replacement Lease Amendment: full premises through Jan 31, 2022; partial through Mar 31 and Apr 30, 2022.
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Solitron Devices extends lease at reduced rent through March 2022 due to relocation delay
Lease extended: partial premises through Feb 28, 2022 and remainder through Mar 31, 2022.
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Solitron Devices Q2 FY2022 net sales up 36% to $4.23M, net income up 286% to $2.45M
Net sales $4.23M (+36% YoY); net income $2.45M ($1.18/sh) vs $0.64M ($0.31/sh).
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Solitron Devices sets Dec 9, 2021 annual meeting; Oct 12 record date; Sep 30 proposal deadline
Annual meeting set for December 9, 2021.
Materiality & sentiment trend
Max materiality 0.75 · Median 0.60 · Most common event earnings