Solitron Devices (SODI) Q4 2025 earnings summary

Executive summary

• Fiscal 2025 net sales rose 10% year-over-year to $14.05M, while Q4 sales fell 22% to $3.13M compared to Q4 2024.

• Net income for fiscal 2025 was $0.82M ($0.39/share), down from $5.80M ($2.78/share) in fiscal 2024, which included significant non-recurring gains.

• Q4 2025 saw a net loss of $0.37M ($0.18/share) versus net income of $5.80M ($2.78/share) in Q4 2024.

• Bookings surged 62% year-over-year to $20.76M, with Q4 bookings up 301% to $8.92M; backlog increased 62% to $18.11M.

• MEI acquisition contributed $6.08M in revenue for fiscal 2025, with full-year results now consolidated.

Financial highlights

• Gross profit for fiscal 2025 was $3.99M, up from $3.81M in fiscal 2024; Q4 gross profit was $0.58M, down from $1.23M in Q4 2024.

• Operating income for fiscal 2025 was $0.99M, up from $0.93M in fiscal 2024; Q4 operating loss was $0.17M versus income of $0.37M in Q4 2024.

• Fiscal 2024 net income benefited from a $2.24M bargain purchase gain and a $3.02M tax benefit.

• Cash and equivalents at year-end were $4.10M, up from $2.22M a year earlier.

Outlook and guidance

• Q1 fiscal 2026 revenues expected to remain soft, with sales picking up by the end of Q2 and stabilizing in Q3.

• Bookings expected to lag sales in coming quarters due to large recent defense program orders; positive outlook for AMRAAM and HIMARS programs.

• Continued optimism for new product development, including silicon carbide prototypes.