Solitron Devices, Inc. Announces Fiscal 2027 First Quarter Results

Solitron Devices announced fiscal 2027 first quarter results with net sales increasing 101% to $5.44 million and net income of $0.99 million ($0.46 per share). The company's backlog grew 28% to $23.34 million, with an additional $5.04 million order received post-quarter. However, net bookings declined 48% to $1.45 million. The company is exploring strategic alternatives with an investment banker and expects the next major AMRAAM order in Q3, pending Congressional approval for increased Air Force production.