Solitron Devices, Inc. Reports Earnings Results for the Full Year Ended February 28, 2021
June 22, 2021 at 02:05 am IST
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Solitron Devices, Inc. announced earnings results for the full year ended February 28, 2021. For the full year, the company announced sales was USD 10.534 million compared to USD 9.237 million a year ago. Operating income was USD 1.169 million compared to operating loss of USD 629,000 a year ago. Net income was USD 1.381 million compared to net loss of USD 606,000 a year ago. Basic earnings per share from continuing operations was USD 0.67 compared to basic loss per share from continuing operations of USD 0.3 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. 
