Regulation FD Disclosure, Business/Financial Results (Form 8-K)

Item 2.02. Results of Operations and Financial Condition.

Solitron Devices, Inc. ("Solitron" or the "Company") is providing shareholders an update on preliminary fiscal 2025 results and bookings.

Bookings in the fiscal 2025 fourth quarter were approximately $8.9 million as compared to approximately $2.2 million in the fiscal 2024 fourth quarter. Total bookings in fiscal 2025 were approximately $20.8 million as compared to approximately $12.8 million in fiscal 2024. It should be noted that based on the acquisition of Micro Engineering, Inc. (MEI), total bookings for fiscal 2024 included only two quarters for MEI, whereas total bookings for fiscal 2025 included four quarters for MEI.

Backlog as of February 28, 2025, was approximately $18.1 million as compared to approximately $11.2 million as of February 29, 2024, and $12.3 million as of November 30, 2024. Solitron did not receive any of the end-of-life orders it was quoting.

Preliminary fiscal 2025 fourth quarter revenue was approximately $3.1 million as compared to approximately $4.0 million in the fiscal fourth quarter of 2024. The decline in revenue is primarily due to the company having a lower backlog at the beginning of the fiscal 2025 third quarter as compared to the previous year along with an increased level of rework in the fourth quarter of fiscal 2025. Solitron's preliminary net income for the fourth quarter of fiscal 2025 is expected to be a loss of approximately $0.1 to $0.2 million due to decreased revenue and a $0.1 million inventory reserve.

Item 7.01. Regulation FD Disclosure.

The disclosure set forth under Item 2.02 is incorporated herein by reference.