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Source document· July 13, 2026

Solitron Devices, Inc. Announces Fiscal 2027 First Quarter Results

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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

  • Defense procurement processes tend to move slowly.

    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

  • The next AMRAAM order is currently expected in the fiscal third quarter.

    60% confidence

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Solitron Devices, Inc. Announces Fiscal 2027 First Quarter Results — Source | Via News | Via News