Solitron Devices, Inc. Provides Earnings Guidance for the Three Months Ended May 31, 2020
September 25, 2020 at 03:47 pm IST
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Solitron Devices, Inc. provided earnings guidance for the three months ended May 31, 2020. Earnings in the fiscal 2021 first quarter are projected to be approximately $0.2 million to $0.3 million, or $0.10 to $0.13 per share, as compared to a loss of $0.25 million, $0.13 per share in the first quarter of fiscal 2020. The projected earnings improvement is due to increased revenue, decreased cost of sales due to less scrap, rework and inventory obsolescence, completion of the company's wafer fab improvement plan, its return to full production, along with a roughly $50,000 decrease in SG&A during the quarter.
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. 
