Solitron Devices, Inc. Reports Earnings Results for the First Quarter Ended May 31, 2021
July 20, 2021 at 10:44 pm IST
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Solitron Devices, Inc. announced earnings results for the first quarter ended May 31, 2021. For the first quarter, the company announced sales was USD 3.610 million compared to USD 2.498 million a year ago. Operating income was USD 950,000 compared to USD 370,000 a year ago. Net income was USD 1.027 million compared to USD 369,000 a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 0.18 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. 
