Solitron Devices, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended August 31, 2023
October 12, 2023 at 04:07 pm EDT
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Solitron Devices, Inc. reported earnings results for the second quarter and six months ended August 31, 2023. For the second quarter, the company reported sales was USD 2.58 million compared to USD 2.19 million a year ago. Net income was USD 0.2 million compared to USD 0.315 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.15 a year ago.
For the six months, sales was USD 4.62 million compared to USD 4.32 million a year ago. Net income was USD 0.029 million compared to USD 1.09 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.52 a year ago.
Solitron Devices, Inc. designs, develops, manufactures and markets solid state semiconductor components and related devices primarily for the military and aerospace markets. The Company manufactures a variety of bipolar and metal oxide semiconductor (MOS) power transistors, power and control hybrids, junction and power MOS field effect transistors (Power MOSFETS), and other related products. Its products are custom made pursuant to contracts with customers whose end products are sold to the United States government. Other products, such as Joint Army/Navy (JAN) transistors, diodes and Standard Military Drawings (SMD) voltage regulators, are sold as standard or catalog items. The Company manufactures thick film hybrids, which generally contain discrete semiconductor chips, integrated circuits, chip capacitors and thick film or thin film resistors. Its hybrids include high power voltage regulators, power amplifiers, power drivers, boosters and controllers.
SOLITRON DEVICES, INC. 
