Solitron Devices returns to profit in Q1 FY27 with net income $990,000; net sales more than doubled to $5.44 million
SODI•Quarterly results
Solitron Devices posted net income of $990,000 for the quarter ended May 31, 2026, returning to profit from a $336,000 loss.
- Net sales more than doubled to $5.44 million.
- Operating income was $1.54 million versus an operating loss of $378,000.
- Gross margin widened 31 percentage points to 45%.
Backlog, bookings and cash
- Backlog rose 28% to $23.34 million.
- Net bookings fell 48% to $1.45 million.
- Cash and cash equivalents climbed to about $6.04 million at May 31, 2026 from about $3.91 million at Feb. 28, 2026.
