SOLITRON DEVICES INC (SODI) Form 10-Q — Oct 13, 2026
Solitron Devices reported a dramatic turnaround in its fiscal 2026 second quarter, with net sales up 42% year over year to $5.657 million and net income of $1.298 million versus a $234,000 loss in the prior-year quarter. Gross margin jumped to 49% from 21%, driven by higher revenue against fixed overhead, updated product pricing, and a 29% backlog increase to $24.112 million tied largely to a large MEI order. Six-month net sales rose 66% to $11.093 million with $2.288 million of net income. Cash nearly doubled to $7.357 million with $3.601 million of operating cash flow, and the company disclosed it is spending on professional fees related to pursuing strategic alternatives.
Key figures
- Eps
- 0.6
- Revenue
- 5657000
- Net Income
- 1298000
- Total Debt
- 3684000
- Revenue Yoy
- 42%
- Total Assets
- 29115000
- Cash Position
- 7357000
- Shares Outstanding
- 2155703
- Backlog
- 24112000
- Backlog growth
- 29%
- Gross margin q2
- 49%
- Net bookings q2
- 6416000
- Working capital
- 12669000
- Operating income q2
- 1715000
- Six month net sales
- 11093000
- Six month net income
- 2288000
- Operating cash flow six months
- 3601000
AI analysis
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