SOLITRON DEVICES, INC. ANNOUNCES FISCAL 2026 THIRD QUARTER TO DATE BOOKINGS OF $13.8 MILLION

Core Insights - Solitron Devices, Inc. has reported record-breaking bookings of over $13.8 million for the third quarter of fiscal 2026, significantly higher than the $8.0 million recorded in the same period of fiscal 2025 [1][2] - The total bookings for the first nine months of fiscal 2026 reached approximately $20.9 million, compared to $11.8 million for the same period in fiscal 2025, indicating strong growth [2] - The backlog for fiscal 2026 stands at approximately $29.0 million, a substantial increase from $12.3 million as of November 30, 2024, for fiscal 2025 [2] Financial Performance - The third quarter of fiscal 2026 runs from September 1 to November 30, and the company expects additional bookings in November to further enhance the total [1] - The company has received significant orders, including the expected AMRAAM Lot 39 order, although bookings did not include orders related to HiMARS or SM2/SM6 [3] Product Development and Acquisitions - There is an increasing interest in new product development, with various prototypes being tested by potential customers, which may lead to additional revenue sources [3] - Solitron completed the acquisition of Micro Engineering Inc. (MEI) on September 1, 2023, which specializes in design layout and manufacturing challenges, enhancing the company's capabilities [6]