Solitron Devices, Inc. Announces Preliminary Fiscal 2022 First Quarter Revenue and Bookings
ACCESSWIRE
29 Jun 2021, 06:05 GMT+10
WEST PALM BEACH, FL / ACCESSWIRE / June 28, 2021 / Solitron Devices, Inc. (OTC PINK:SODI) ( Solitron or the Company ) is pleased to announce strong fiscal 2022 first quarter revenue and bookings.
FISCAL 2022 FIRST QUARTER HIGHLIGHTS:
Net sales increased 45% to approximately $3.61 million in the fiscal 2022 first quarter versus $2.50 million in the fiscal 2021 first quarter
Net bookings increased 39% to $2.03 million in the fiscal 2022 first quarter versus $1.46 million in the fiscal 2021 first quarter.
On April 21, 2021 we announced the closing of the purchase of a new facility. Over the coming months we will be making all the necessary improvements and our plan is to relocate during the Company s fiscal third/fourth quarter. Knowing that we would have up to a month where shipments would be curtailed, we made the decision to produce and ship earlie
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