Forward-Looking Statements This press release contains forward-looking statements regarding future events and the future performance of Solitron Devices, Inc.that involve risks and uncertainties that could materially affect actual results, including statements regarding the Company’s expectations regarding future performance and trends, including production levels, government spending, backlog and delivery timelines, new product development, our efforts and performance following our acquisition of MEI, and potential future revenue and trends with respect thereto from each of the foregoing. Factors that could cause actual results to vary from current expectations and forward-looking statements contained in this press release include, but are not limited to, the risks and uncertainties arising from potential adverse developments or changes in government budgetary spending and policy including with respect to the war in Ukraine, which may among other factors be affected by the upcoming presidential election and the possibility of reduced government spending on programs in which we participate depending on the outcome thereof and the policy interests of elected officials, inflation, elevated interest rates, adverse trends in the economy and the possibility of a recession the likelihood of which appears to have increased based on recent economic data, the possibility that management’s estimates and assumptions regarding bookings, sales and other metrics prove to be incorrect; the timing and size of orders from our clients, our delivery schedules and our liquidity and cash position; our ability to make the appropriate adjustments to our cost structure; our ability to properly account for inventory in the future; the demand for our products and potential loss of, or reduction of business from, substantial clients our dependence on government contracts, which are subject to termination, price renegotiations and regulatory compliance and which may among other factors be adversely affected by the factors described elsewhere herein, our ability to continue to integrate MEI in an efficient and effective manner, and the possibility that such acquisition or any other acquisition or strategic transaction we may pursue does not yield the results or benefits desired or anticipated.
WEST PALM BEACH, Fla., Dec.26, 2024 (GLOBE NEWSWIRE) -- Solitron Devices, Inc.(OTC Pink: SODI) ("Solitron” or the "Company”) is pleased to announce fiscal 2025 third quarter bookings were in excess of $8 million. Bookings in the fiscal 2025 third quarter were approximately $8.0 million as compared to approximately $4.8 million in the fiscal 2024 third quarter.
Bookings in the first nine months of fiscal 2025 were approximately $11.8 million as compared to approximately $10.6 million in the first nine months of fiscal 2024. It should be noted that bookings for the first nine months of fiscal 2024 included only one quarter for MEI, whereas bookings for the first nine months of fiscal 2025 included three quarters for MEI.
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