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]

Core Insights - Solitron Devices, Inc. reported its fiscal 2025 fourth quarter and full year results, highlighting both challenges and opportunities in its operations [1] Fiscal 2025 Fourth Quarter Highlights - Revenue for the fourth quarter was $3.13 million, a decrease of 22% compared to $4.00 million in the same quarter of fiscal 2024 [5][8] - Net bookings increased significantly by 301% to $8.92 million from $2.23 million in the fourth quarter of fiscal 2024 [8] - The backlog rose by 62% to $18.11 million at the end of the fourth quarter compared to $11.21 million at the end of the fourth quarter of fiscal 2024 [8] - The company reported a net loss of $0.37 million, or $0.18 per share, contrasting with a net income of $5.80 million, or $2.78 per share, in the fourth quarter of fiscal 2024 [8] Fiscal Year 2025 Highlights - For the full fiscal year 2025, net sales increased by 10% to approximately $14.05 million from $12.76 million in fiscal year 2024 [8] - Net bookings for the year rose by 62% to $20.76 million compared to $12.84 million in fiscal year 2024 [8] - The backlog at the end of fiscal year 2025 was $18.11 million, up 62% from $11.21 million at the end of fiscal year 2024 [8] - Net income for fiscal year 2025 decreased to $0.82 million, or $0.39 per share, from $5.80 million, or $2.78 per share, in fiscal year 2024, which had benefited from non-recurring events [8] Market and Product Development - The company experienced substantial bookings related to major defense programs, with expectations for future production levels to increase, particularly for the AMRAAM and HIMARS programs [4] - There is a growing interest in new product development, including silicon carbide, with various prototypes being tested for potential customers [6]