Solitron Devices Q1 Revenue Doubles to $5.44M, Returns to Profitability
SODI sits 79% above its 52-week low of $14.23.
Summary
Solitron Devices reported Q1 FY2027 revenue of $5.44M, up 101% year-over-year, with net income of $990K versus a loss of $336K a year ago. Gross margin expanded to 45% from 14%, driven by higher volumes in military and aerospace product lines. Backlog rose 28% to $23.34M, though quarterly bookings fell 48% due to timing. This follows a strong fiscal 2026 and recent insider selling by a 10% owner. The material weakness in internal controls remains unremediated, a risk to monitor.
At the time of this announcement, SODI was trading at $25.51 on OTC in the Manufacturing sector, with a market capitalization of approximately $54.9M. The 52-week trading range was $14.23 to $30.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.