Solitron Devices (SODI) Q3 2025 earnings summary

Executive summary

• Q3 FY2025 net sales decreased 19% year-over-year to $3.37M, but net income rose to $266K from $86K, driven by the MEI acquisition.

• For the nine months ended Nov 30, 2024, net sales increased 25% year-over-year to $10.92M, with net income up to $872K from $115K.

• Bookings surged 66% in Q3 to $8.05M, with a 12% increase for the nine-month period.

• Gross margin improved to 30% in Q3 FY2025 (from 26%) and to 31% for the nine months (from 29%).

• Operating income for Q3 FY2025 increased to $326K from $218K year-over-year.

Financial highlights

• Q3 FY2025 net sales: $3.37M (down 19% YoY); nine months: $10.92M (up 25% YoY).

• Q3 FY2025 net income: $266K (up from $86K YoY); nine months: $872K (up from $115K YoY).

• Q3 FY2025 gross profit: $1.00M (down from $1.08M YoY); nine months: $3.41M (up from $2.58M YoY).

• Q3 FY2025 EPS: $0.13 (up from $0.04 YoY); nine months: $0.42 (up from $0.06 YoY).

• Backlog at Q3 end was $12.28M, down 5% year-over-year.

Outlook and guidance

• Management expects cash from operations and current cash balances to be sufficient for the next twelve months.

• Anticipates a $5M order from its largest program, expected soon.

• Anticipated capital expenditures of approximately $250K over the next year.

• Company may pursue acquisitions, new product lines, or investments in securities.

• Expects to deliver end-of-life components over the next 10–20 years, subject to demand.