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Solitron Devices, Inc. creates, produces, and sells semiconductor components primarily for the defense and aerospace sectors. Their product range includes various transistors (bipolar, MOS, and field effect), power and control hybrids, diodes, and voltage regulators that meet military specifications. These electronic parts are vital components for military, commercial, and aerospace systems, including ground and airborne radar, power distribution networks, missiles, missile control systems, satellites, and other space applications. Furthermore, their offerings extend to non-military scientific and industrial uses. Established in 1959 and headquartered in West Palm Beach, Florida, the company maintains a global presence, serving customers across North America, Latin America, Asia, and the Middle East.
Solitron Devices, Inc. Announces Fiscal 2027 First Quarter Results
Solitron Devices reported fiscal Q1 net sales of $5.44 million, up 101% year-over-year, swinging to a net profit of $0.99 million or $0.46 per share compared to a loss last year.
Despite the revenue surge, net bookings decreased 48% to $1.45 million, while backlog grew 28% to $23.34 million; a post-quarter order of $5.04 million further boosts the total backlog to nearly $27 million.
The company has retained an investment banker to explore strategic alternatives, citing strong backlog but noting the potential impact of unfunded priority lists for defense programs like AMRAAM.