Solitron Devices, Inc. Announces Fiscal 2027 First Quarter Results
View original at globenewswire.comSolitron Devices, Inc. Announces Fiscal 2027 First Quarter Results WEST PALM BEACH, Fla., July 13, 2026 (GLOBE NEWSWIRE) -- Solitron Devices, Inc…
O que extraímos desta fonte
The claims Via News extracted from this document. We point to the source; we don't replace it.
Net income in the fiscal 2027 first quarter was impacted by a $0.33 million increase to the contingent consideration related to the MEI earn-out payment, based on a large order received after the end of the fiscal quarter.
60% confidenceRevenue is expected to continue at the fiscal Q1 2027 level or greater for the remainder of fiscal year 2027, driven by strong backlog.
60% confidenceNo actual income taxes were due despite the income statement reflecting income tax expense, because the Company has deferred tax assets from previous net operating losses.
60% confidenceThere is no assurance that the strategic alternatives review will result in a merger, sale, acquisition, tender offer, or special dividend, and the Company will not make further announcements until the Board approves a specific course of action.
60% confidenceDefense procurement processes tend to move slowly.
60% confidenceThe next AMRAAM order is currently expected in the fiscal third quarter.
60% confidence
Citado nestas reportagens da Via News
- $200B Samsung-Broadcom Deal Anchors $1.65 Trillion Global Chip Investment Wave →
- Amkor's Record Quarter Shows AI Boom Reshaping Chip Supply Lines Worldwide →
- Chip Stocks Sell Off Even as Nvidia Locks In Memory Supply and Washington Takes a Stake in GlobalFoundries →
- Micron Has Doubled Its Spending and Banked $25 Billion as the AI Chip Boom Spreads Beyond Nvidia →
- Micron's Spending Doubled and Its Cash Pile Grew 2.5x as AI Chip Dealmaking Accelerates →
- Micron's Spending Has Roughly Doubled as AI Strains the Chip Supply, and Rivals Are Racing for Alternatives →
- Micron's Spending Nearly Doubled in a Year as the AI Memory Squeeze Reshapes the Chip Industry →
- Nvidia's $950 Billion Korea Bet and a Wave of Chip Deals Collide With a Steep Semiconductor Sell-Off →
- Nvidia's $950 Billion Week and a Memory Chip Rally Wall Street May Be Underrating →
- Nvidia, SK Hynix Sign $500 Billion Memory Deal as Global Chip Consolidation Accelerates →