Solitron Devices Inc reported first-quarter 2026 results with revenue rising to $5.44M and a return to profitability with net income of $990K, compared with a loss in the year-ago quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$5.44M$2.7M101.3% | Net income²$990K($336K)394.6% | Diluted EPS³$0.46($0.16)387.5% |
¹ Reported as “Net sales”. ² Reported as “Net income (loss)”. ³ Reported as “Net income (loss) per common share - basic and diluted”.
Business Highlights
- Revenue growth of 101% was driven by higher volumes across the company’s custom military and aerospace product lines.
- Backlog increased 28% to $23.34M, despite a 48% decline in quarterly bookings attributed to timing.
- Gross margin expanded to 45% from 14% year over year, reflecting improved volumes and better cost absorption.
- Units shipped rose to 23,968 from 15,035, supporting higher throughput across production lines.
- Liquidity remained solid with operating cash flow strength and about $6.1M in cash; sustaining capital expenditures are planned at approximately $250K and the company noted potential M&A interest.
Original SEC Filing:
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