Solitron Devices, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 28, 2023
June 20, 2023 at 11:09 am
Share
Solitron Devices, Inc. reported earnings results for the fourth quarter and full year ended February 28, 2023. For the fourth quarter, the company reported sales was USD 1.5 million compared to USD 1.98 million a year ago. Net income was USD 0.232 million compared to net loss of USD 0.458 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to basic loss per share from continuing operations of USD 0.22 a year ago.
For the full year, sales was USD 6.41 million compared to USD 12.28 million a year ago. Net income was USD 0.826 million compared to USD 3.51 million a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to USD 1.68 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. 
