SODI - Solitron Devices says prelim sales for Q4 to be down 24% at $1.5M
2023-06-19 10:43:13 ET
- Solitron Devices ( OTCPK:SODI ) expects its fourth quarter 2023 net sales to decrease 24% to about $1.50 million, according to a press release from Friday.
- Q4 2023 net bookings are expected to decrease 17% to $2.70 million. Backlog is expected to increase 71% to $7.63 million.
- Net income is expected to increase to $0.23 million, or $0.11 per share for Q4.
- For Q1 of 2024, net sales are expected to decrease 6% to about $2.00 million while net bookings are expected to increase 18% to $3.54 million.
- Q1 2024 backlog is expected to increase 71% to $9.13 million.
- Press Release .
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Solitron Devices says prelim sales for Q4 to be down 24% at $1.5M