Solitron Devices Q2 Revenue Jumps 42% to $5.7M, Backlog Hits $24.1M
SODI has more than doubled off its 52-week low of $16.
Summary
Solitron Devices reported Q2 FY2027 revenue of $5.657M (up 42% YoY) and net income of $1.298M, with backlog rising to $24.1M. The material weakness in internal controls remains unremediated.
Updates
· SEC 8-K — The 8-K attaches the Q2 FY2027 earnings press release, which reports net sales of $5.66 million, net income of $1.30 million, and backlog of $24.11 million.
Key Events · Earnings and Guidance · SODI
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Q2 Revenue Up 42% to $5.7M
Net sales for the three months ended August 31, 2026 increased 42% to $5.657 million from $3.986 million in the prior year period, driven by higher backlog and updated pricing.
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Net Income Swings to $1.3M Profit
Net income was $1.298 million for Q2 FY2027 compared to a net loss of $234,000 in Q2 FY2025. Gross margin expanded to 49% from 21%.
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Backlog Grows 29% to $24.1M
Backlog as of August 31, 2026 increased 29% to $24.112 million from $18.642 million a year ago, primarily due to a large order received by MEI during the quarter.
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Cash Position Nearly Doubles
Cash and cash equivalents increased to $7.357 million at August 31, 2026 from $3.914 million at February 28, 2026, reflecting strong operating cash flow of $3.601 million for the six-month period.
Analysis · SODI · Manufacturing
Solitron Devices delivered a strong second quarter with net sales up 42% year-over-year to $5.657 million and net income of $1.298 million, a sharp reversal from the $234,000 loss a year ago. Backlog grew 29% to $24.112 million, driven by a large MEI order, and cash on hand nearly doubled to $7.357 million. However, the company disclosed that its previously identified material weakness in internal control over financial reporting remains unremediated as of August 31, 2026, which is a governance red flag that warrants attention despite the strong operating results.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 36.5% of the 953 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.66%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SODI was trading at $33.97 on OTC in the Manufacturing sector, with a market capitalization of approximately $73.1M. The 52-week trading range was $16.00 to $35.50. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.