Solitron Devices Q3 2025 Update: Assets Top $10M

TL;DR

**SOLITRON DEVICES INC (SODI): Q3 2025 FILING SHOWS $10M ASSETS, $2.1M LIABILITIES. HEALTHY BALANCE SHEET.**

AI Summary

Solitron Devices Inc. filed its 10-Q for the period ending November 30, 2024. The company reported total assets of $10,000,000 and total liabilities of $2,083,436 for the nine months ended November 30, 2024. This filing covers the third quarter of their fiscal year 2025.

Why It Matters

This filing provides a snapshot of Solitron Devices' financial health, including its asset and liability levels, which are crucial for investors and creditors to assess the company's stability and performance.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags or significant negative events indicated.

Key Numbers

• $10,000,000 — Total Assets (As of November 30, 2024, for the nine-month period.)
• $2,083,436 — Total Liabilities (As of November 30, 2024, for the nine-month period.)
• 0228 — Fiscal Year End (The company's fiscal year concludes on February 28th.)

Key Players & Entities

• SOLITRON DEVICES INC (company) — Filer of the 10-Q
• 20241130 (date) — End of reporting period
• $10,000,000 (dollar_amount) — Total assets for the nine months ended November 30, 2024
• $2,083,436 (dollar_amount) — Total liabilities for the nine months ended November 30, 2024

FAQ

Key Financial Figures

• $0.01 — hares of the registrant's common stock, $0.01 par value, outstanding as of January 10
• $86,000 — stments was approximately $ 119,000 and $86,000 , respectively. Fair Value of Financia
• $250,000 — ccounts were FDIC insured to a limit of $250,000. Deposits in excess of FDIC insured lim

Filing Documents

• sodi20241130_10q.htm (10-Q) — 840KB
• ex_737165.htm (EX-31.1) — 19KB
• ex_737166.htm (EX-32.1) — 13KB
• 0001437749-25-001057.txt ( ) — 4475KB
• sodi-20241130.xsd (EX-101.SCH) — 46KB
• sodi-20241130_cal.xml (EX-101.CAL) — 38KB
• sodi-20241130_def.xml (EX-101.DEF) — 271KB
• sodi-20241130_lab.xml (EX-101.LAB) — 243KB
• sodi-20241130_pre.xml (EX-101.PRE) — 299KB
• sodi20241130_10q_htm.xml (XML) — 688KB

Financial Statements

Financial Statements 2 Consolidated Condensed Balance Sheets November 30, 2024 (unaudited) and February 29, 2024 2 Consolidated Condensed Statements of Operations (unaudited) Three and Nine Months Ended November 30, 2024 and 2023 3 Consolidated Condensed Statements of Changes in Stockholders' Equity (unaudited) Three and Nine Months Ended November 30, 2024 and 2023 4 Consolidated Condensed Statements of Cash Flows (unaudited) Nine Months Ended November 30, 2024 and 2023 5 Notes to Consolidated Condensed Financial Statements (unaudited) 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 19 Item 4.

Controls and Procedures

Controls and Procedures 19

– OTHER INFORMATION

PART II – OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 20 Item 1A

Risk Factors

Risk Factors 20 Item 6. Exhibits 20

Signatures

Signatures 21 1 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS SOLITRON DEVICES, INC. CONSOLIDATED CONDENSED BALANCE SHEETS AS OF November 30, 2024 AND February 29, 2024 (in thousands, except for share and per share amounts) November 30, 2024 February 29, 2024 unaudited ASSETS CURRENT ASSETS Cash and cash equivalents $ 3,727 $ 2,217 Marketable securities 1,023 904 Accounts receivable 1,793 2,826 Inventories, net 3,998 4,132 Prepaid expenses and other current assets 333 532 TOTAL CURRENT ASSETS 10,874 10,611 Property, plant and equipment, net 8,724 7,356 Finance lease, right of use asset - 1,715 Intangible assets 2,957 3,114 Deferred tax asset 1,590 1,837 Other assets 253 107 TOTAL ASSETS $ 24,398 $ 24,740 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 391 $ 439 Customer deposits 63 539 Accrued contingent consideration, current 542 465 Finance lease liability - 1,750 Mortgage loans, current portion 151 111 Accrued expenses and other current liabilities 845 1,080 TOTAL CURRENT LIABILITIES 1,992 4,384 Accrued contingent consideration, non-current 663 751 Mortgage loans, net of current portion 3,803 2,537 TOTAL LIABILITIES 6,458 7,672 STOCKHOLDERS' EQUITY Preferred stock, $ .01 par value, authorized 500,000 shares, none issued - - Common stock, $ .01 par value, authorized 10,000,000 shares, 2,083,436 shares outstanding, net of 487,827 treasury shares at November 30, 2024 and 2,083,436 shares outstanding, net of 487,827 treasury shares at February 29, 2024, respectively 21 21 Additional paid-in capital 1,834 1,834 Retained Earnings 17,497 16,625 Less treasury stock ( 1,412 ) ( 1,412 ) TOTAL STOCKHOLDERS' EQUITY 17,940 17,068 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 24,398 $ 24,740 The accompanying notes are an integral part of the unaudited condensed consolidated financial statements. 2 Table of Contents SOLITRON DEVICES, INC. CONSOLIDATED CONDENSED STATEMENT

View Full Filing

View this 10-Q filing on SEC EDGAR