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Press releaseGlobeNewswire· July 13, 2026

Solitron Devices, Inc. Announces Fiscal 2027 First Quarter Results

Solitron Devices, Inc. Announces Fiscal 2027 First Quarter Results WEST PALM BEACH, Fla., July 13, 2026 (GLOBE NEWSWIRE) -- Solitron Devices, Inc…

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Net income in the fiscal 2027 first quarter was impacted by a $0.33 million increase to the contingent consideration related to the MEI earn-out payment, based on a large order received after the end of the fiscal quarter.
60% confidence
Revenue is expected to continue at the fiscal Q1 2027 level or greater for the remainder of fiscal year 2027, driven by strong backlog.
60% confidence
No actual income taxes were due despite the income statement reflecting income tax expense, because the Company has deferred tax assets from previous net operating losses.
60% confidence
There is no assurance that the strategic alternatives review will result in a merger, sale, acquisition, tender offer, or special dividend, and the Company will not make further announcements until the Board approves a specific course of action.
60% confidence
Defense procurement processes tend to move slowly.
60% confidence
The next AMRAAM order is currently expected in the fiscal third quarter.
60% confidence