Solitron Devices, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended November 30, 2023
January 19, 2024 at 05:14 pm EST
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Solitron Devices, Inc. reported earnings results for the third quarter and nine months ended November 30, 2023. For the third quarter, the company reported sales was USD 4.14 million compared to USD 0.584 million a year ago. Net income was USD 0.086 million compared to net loss of USD 0.492 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to basic loss per share from continuing operations of USD 0.24 a year ago.
For the nine months, sales was USD 8.75 million compared to USD 4.91 million a year ago. Net income was USD 0.115 million compared to USD 0.594 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.29 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. 
