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Solitron Devices (SODI) investor relations material
Solitron Devices Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for the quarter ended November 30, 2025, rose 49% year-over-year to $5.02 million, with backlog up 124% to $27.48 million and net bookings up 73% to $13.91 million.
Net income for the quarter was $653,000 ($0.31 per share), up from $266,000 ($0.13 per share) in the prior year period.
For the nine months, net sales increased 7% to $11.71 million, but net income dropped to $83,000 ($0.04 per share) from $872,000 ($0.42 per share) year-over-year.
Financial highlights
Quarterly gross profit increased to $1.72 million (34% margin) from $1.00 million (30% margin) year-over-year; nine-month gross profit was $2.95 million, down from $3.41 million.
Operating income for the quarter was $929,000, up from $326,000 a year ago; for nine months, $2.69 million versus $2.25 million.
SG&A costs rose due to a one-time stock grant and recurring stock options, totaling $344,000.
No actual income taxes were paid due to deferred tax assets from prior net operating losses.
Cash and cash equivalents at quarter-end were $3.60 million, down from $4.10 million at the prior fiscal year-end.
Outlook and guidance
Management expects cash from operations and current cash balances to be sufficient to fund capital expenditures of approximately $250,000 over the next twelve months.
Sales are expected to stabilize at higher levels in the third and fourth quarters.
Optimism remains for new product development and additional revenue sources from prototypes under customer testing.
The company may pursue acquisitions, new product lines, or investments in securities to utilize net operating loss carryforwards.
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