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WEST PALM BEACH - On Tuesday, Solitron Devices, Inc. (OTC Pink:SODI) reported a net loss for its fiscal 2025 fourth quarter as revenue declined, though bookings and backlog saw significant increases.
Solitron’s stock edged down 0.93% in pre-market trading following the earnings release.
The semiconductor component manufacturer posted a net loss of $0.37 million, or $0.18 per share, for the quarter ended February 28, 2025. This compares to net income of $5.80 million, or $2.78 per share, in the same period last year. Revenue fell 22% year-over-year to $3.13 million.
Despite the revenue decline, Solitron saw strong growth in other key metrics. Net bookings surged 301% to $8.92 million, while backlog rose 62% to $18.11 million compared to the prior year quarter.
"Revenue was down in the fourth quarter due to the lag time between receipt of orders and production," said CEO Tim Eriksen. He added that the company expects "soft revenues" in the fiscal 2026 first quarter before sales pick up later in the year.
For the full fiscal year 2025, Solitron reported net income of $0.82 million on revenue of $14.05 million, up 10% from fiscal 2024. The prior year’s results benefited from one-time gains related to an acquisition and tax valuation.
The company said it continues to see increased interest in new product development, including silicon carbide prototypes.
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