Solitron Devices ( (SODI) ) has released its Q1 earnings. Here is a breakdown of the information Solitron Devices presented to its investors.
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Solitron Devices, Inc. is a Delaware-based company specializing in the design, development, and manufacturing of solid-state semiconductor components primarily for the military and aerospace sectors. The company is known for its custom-made products tailored to the needs of the United States government and other clients.
In the latest earnings report, Solitron Devices reported a significant decrease in net sales for the quarter ending May 31, 2025, compared to the same period in the previous year. This decline was attributed to a lower backlog and delayed orders, impacting the company’s overall financial performance.
Key financial metrics revealed a 32% drop in net sales, amounting to $2.7 million, down from $3.967 million in the previous year. The cost of sales slightly increased, leading to a reduced gross profit margin of 14%. The company also reported an operating loss of $378,000, contrasting with an operating income of $792,000 in the prior year. Despite these challenges, Solitron saw a 94% increase in backlog, indicating potential future growth.
Looking ahead, Solitron Devices remains focused on improving its financial performance by capitalizing on its increased backlog and addressing the challenges that impacted its recent quarterly results. The management is optimistic about leveraging its strategic acquisitions and maintaining its position in the military and aerospace markets.