OverviewSuggest Edit

Solitron Devices is a company that designs, develops, manufactures, and markets solid-state semiconductor components. It offers a range of bipolar and metal oxide semiconductor (MOS) power transistors, power and control hybrids, junction and power MOS field-effect transistors (Power MOSFETS), field-effect transistors, etc. The company caters to the military and aerospace markets.
TypePublic
Founded1959
HQWest Palm Beach, FL, US
Websitesolitrondevices.com

Latest Updates

Employees (est.) (Feb 2021)64(-13%)
Revenue (FY, 2021)$10.5 M(+15%)
Share Price (Nov 2021)$9.1(-1%)
Cybersecurity ratingCMore
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Key People/Management at Solitron Devices

Tim Eriksen

Tim Eriksen

CEO
Ray DiBugnara

Ray DiBugnara

Director of Technology
Jack Worthen

Jack Worthen

Vice President Sales
Sameh Rezkalla

Sameh Rezkalla

Director Of Operations
Alice Duryee

Alice Duryee

Director of Human Resources & Facilities
David Pointer

David Pointer

Chairman Of The Board
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Solitron Devices Office Locations

Solitron Devices has an office in West Palm Beach
West Palm Beach, FL, US (HQ)
3301 Electronics Way
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Solitron Devices Financials and Metrics

Solitron Devices Revenue

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Solitron Devices's revenue was reported to be $10.53 m in FY, 2021 which is a 14% increase from the previous period.
USD

Revenue (Q2, 2022)

4.2m

Gross profit (Q2, 2022)

2.2m

Gross profit margin (Q2, 2022), %

52.5%

Net income (Q2, 2022)

2.5m

EBIT (Q2, 2022)

1.6m

Market capitalization (10-Nov-2021)

18.9m

Closing stock price (10-Nov-2021)

9.1

Cash (31-Aug-2021)

4.5m

EV

17.5m
Solitron Devices's current market capitalization is $18.9 m.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

9.4m9.2m10.5m

Revenue growth, %

1%(2%)14%

Cost of goods sold

8.0m7.8m7.3m

Gross profit

1.4m1.5m3.3m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

2.6m2.4m2.3m2.5m3.1m2.3m3.6m4.2m

Cost of goods sold

2.4m2.0m1.8m1.6m2.0m1.8m1.9m2.0m

Gross profit

191.0k462.0k461.0k856.0k1.1m513.0k1.7m2.2m

Gross profit Margin, %

7%19%20%34%36%22%46%52%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

394.0k1.3m3.8m

Accounts Receivable

1.8m1.4m1.3m

Inventories

4.0m2.9m2.7m

Current Assets

6.4m5.9m8.4m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Cash

945.0k813.0k1.1m1.5m2.8m3.5m3.0m4.5m

Accounts Receivable

1.5m1.7m1.8m1.3m1.8m1.2m2.3m2.1m

Inventories

3.4m3.0m2.8m3.3m3.2m3.1m2.6m2.5m

Current Assets

6.1m5.8m6.0m6.5m8.2m8.1m8.6m9.7m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

(1.5m)(606.0k)1.4m

Depreciation and Amortization

215.0k220.0k225.0k

Inventories

(35.0k)1.1m149.0k

Accounts Payable

(65.0k)(364.0k)(104.0k)
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Net Income

(249.0k)(462.0k)(424.0k)369.0k1.0m977.0k1.0m3.5m

Depreciation and Amortization

54.0k108.0k163.0k59.0k119.0k179.0k59.0k124.0k

Inventories

547.0k909.0k1.2m(420.0k)(298.0k)(183.0k)94.0k216.0k

Accounts Payable

(123.0k)(411.0k)(412.0k)45.0k54.0k49.0k362.0k158.0k
USDFY, 2019

Revenue/Employee

130.3k

Financial Leverage

1.2 x

P/E Ratio

(2.9)
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Solitron Devices Operating Metrics

Solitron Devices's Backlog was reported to be $7.9m in Q3, 2020.
FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020FY, 2020

Bookings

$8.3 m$1.52 m$1.3 m$1.39 m$2.9 m$8.26 m$1.89 m$3.74 m$3.53 m$2.1 m$11.2 m

Backlog

$7.26 m$6.94 m$5.91 m$5.08 m$6.24 m$5.53 m$6.84 m$7.94 m
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Solitron Devices Revenue Breakdown

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Solitron Devices revenue breakdown by geographic segment: 99.8% from United States and 0.2% from Other

Solitron Devices Cybersecurity Score

Cybersecurity ratingPremium dataset

C

70/100

SecurityScorecard logo

Solitron Devices Online and Social Media Presence

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Solitron Devices News and Updates

Solitron Devices, Inc. Announces Fiscal 2022 Second Quarter Results

Solitron Devices, Inc. (OTC PINK:SODI) ("Solitron" or the "Company") is pleased to announce strong fiscal 2022 second quarter results.

Solitron Devices, Inc. Announces Fiscal 2022 Second Quarter Results

Solitron Devices, Inc. (OTC PINK:SODI) ("Solitron" or the "Company") is pleased to announce strong fiscal 2022 second quarter results.

Solitron Devices announces 1200V Silicon Carbide Half Bridge Power Module

Solitron has developed the SD11900 series, a 1200V, 50A power module platform to maximize the benefits of SiC, with a unique robust, simple, and cost-effective module format. The 37mm x 25mm outline is a fraction of the size and weight of standard 62mm modules. The SD11900 series maximizes power de…

Solitron Devices announces 1200V Silicon Carbide Half Bridge Power Module

Solitron has developed the SD11900 series, a 1200V, 50A power module platform to maximize the benefits of SiC, with a unique robust, simple, and cost-effective module format. The 37mm x 25mm outline is a fraction of the size and weight of standard 62mm modules. The SD11900 series maximizes power de…

Solitron Devices Blogs

Solitron Devices Announces 1200V, 100A Power Modules

West Palm Beach, FL – December 6, 2021. Solitron Devices is pleased to announce the introduction of the SD11906, SD11907, SD11956 and SD11957 1200V Silicon Carbide (SiC) Half Bridge Power Modules. Solitron has developed this power module series to maximize the benefits of SiC, with a unique robust, …

Solitron Devices announces High-Rel 650V Silicon Carbide MOSFET

West Palm Beach, FL – November 8, 2021.  Solitron Devices is pleased to announce the introduction of the SD11702, 650V Silicon Carbide (SiC), ultra-low RDS(on)   MOSFET.  Packaged in a hermetically sealed TO-258, the SD11702 is built for the most demanding industrial, aerospace and defence applicati…

Solitron Devices announces 1200V Silicon Carbide Half Bridge Power Module

West Palm Beach, FL – October 4, 2021.  Solitron Devices announces 1200V Silicon Carbide Half Bridge Power Module. Solitron has developed the SD11900 series, a 1200V, 50A power module platform to maximize the benefits of SiC, with a unique robust, simple, and cost-effective module format. The 37mm x…

Solitron Devices announces High-Rel 1200V Silicon Carbide MOSFETs

West Palm Beach, FL – May 31, 2021.  Solitron Devices is pleased to announce the introduction of two new 1200V Silicon carbide (SiC) MOSFET devices.  Packaged in hermetically sealed TO-258s, the SD11705 and SD11707 are built for the most demanding industrial, aerospace and defence applications. With…

Solitron Devices announces High Temp 1200V Silicon Carbide Schottky Diode

West Palm Beach, FL – April 30, 2021.  Solitron Devices is pleased to announce the SD11803 High Temp 1200V Silicon Carbide Schottky Diode. The SD11803 is a 1200V, 10A silicon carbide (SiC) diode packaged in an industry standard 3-lead TO-258 hermetic package targeted for military and high reliabilit…

Solitron Devices announces 1200V Silicon Carbide Diode

West Palm Beach, FL – April 2 ,2019. Solitron Devices is pleased to announce the SDD10120 1200V Silicon Carbide Schottky Diode. The SDD10120 features two 1200V, 10A silicon carbide (SiC) diodes packaged in an industry standard 3-lead TO-247. Featuring extremely low switching losses due to nearly zer…

Solitron Devices Frequently Asked Questions

  • When was Solitron Devices founded?

    Solitron Devices was founded in 1959.

  • Who are Solitron Devices key executives?

    Solitron Devices's key executives are Tim Eriksen, Ray DiBugnara and Jack Worthen.

  • How many employees does Solitron Devices have?

    Solitron Devices has 64 employees.

  • What is Solitron Devices revenue?

    Latest Solitron Devices annual revenue is $10.5 m.

  • What is Solitron Devices revenue per employee?

    Latest Solitron Devices revenue per employee is $164.6 k.

  • Who are Solitron Devices competitors?

    Competitors of Solitron Devices include Soluna, Arralis and Denton Vacuum.

  • Where is Solitron Devices headquarters?

    Solitron Devices headquarters is located at 3301 Electronics Way, West Palm Beach.

  • Where are Solitron Devices offices?

    Solitron Devices has an office in West Palm Beach.

  • How many offices does Solitron Devices have?

    Solitron Devices has 1 office.