Solitron Devices, Inc. Announces Fiscal 2027 First Quarter Results
View original at globenewswire.comSolitron Devices, Inc. Announces Fiscal 2027 First Quarter Results WEST PALM BEACH, Fla., July 13, 2026 (GLOBE NEWSWIRE) -- Solitron Devices, Inc…
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Net income in the fiscal 2027 first quarter was impacted by a $0.33 million increase to the contingent consideration related to the MEI earn-out payment, based on a large order received after the end of the fiscal quarter.
60% confidenceRevenue is expected to continue at the fiscal Q1 2027 level or greater for the remainder of fiscal year 2027, driven by strong backlog.
60% confidenceNo actual income taxes were due despite the income statement reflecting income tax expense, because the Company has deferred tax assets from previous net operating losses.
60% confidenceThere is no assurance that the strategic alternatives review will result in a merger, sale, acquisition, tender offer, or special dividend, and the Company will not make further announcements until the Board approves a specific course of action.
60% confidenceDefense procurement processes tend to move slowly.
60% confidenceThe next AMRAAM order is currently expected in the fiscal third quarter.
60% confidence
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