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Solitron Devices ( (SODI) ) has issued an announcement.
Solitron Devices reported its fiscal 2025 third quarter results, noting a 19% decrease in net sales to $3.37 million, but a substantial 66% increase in net bookings to $8.05 million. Despite a decline in backlog and net sales, the company achieved a significant improvement in net income, which rose to $266,000 from $86,000 in the previous year. The fiscal 2025 nine-month results showed a 25% increase in net sales and a 12% rise in net bookings, with net income reaching $872,000. The company faced challenges in the second quarter due to issues with a plating supplier, affecting revenue and costs. However, the third quarter saw an uptick in bookings and a strategic move to secure large end-of-life component orders, positioning the company for long-term delivery opportunities.
More about Solitron Devices
Solitron Devices, Inc. operates in the semiconductor industry, focusing on manufacturing and selling high-reliability electronic components. The company is involved in the development of new products, including silicon carbide prototypes, to meet the demands of potential customers.
YTD Price Performance: 6.43%
Average Trading Volume: 1,246
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $32.46M
See more insights into SODI stock on TipRanks’ Stock Analysis page.