Solitron Devices, Inc., a Delaware corporation, designs, develops, manufactures and markets solid state semiconductor components and related devices primarily for the military and aerospace markets. The Company manufactures a large 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. Most of the Company's 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 voltage regulators, are sold as standard or catalog items. The Company was incorporated under the laws of the State of New York in March 1959 and reincorporated under the laws of the State of Delaware in August 1987.
Company profile
Ticker
SODI
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
221684144
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
18 Jan 23
10-Q
2023 Q3
Quarterly report
17 Jan 23
8-K
Solitron Devices, Inc. Announces Fiscal 2023 Third Quarter Results
12 Jan 23
DEFA14A
Additional proxy soliciting materials
4 Jan 23
DEFA14A
Additional proxy soliciting materials
12 Dec 22
DEF 14A
Definitive proxy
2 Dec 22
8-K
Shareholder Nominations Pursuant to Exchange Act Rule 14a-11
9 Nov 22
10-Q
2023 Q2
Quarterly report
11 Oct 22
10-Q
2023 Q1
Quarterly report
5 Aug 22
NT 10-Q
Notice of late quarterly filing
14 Jul 22
Latest ownership filings
SC 13D/A
Olesen Value Fund L.P.
16 Feb 23
4
Christian Olesen
15 Feb 23
SC 13G
Granite State Capital Management, LLC
31 Jan 23
4
Christian Olesen
18 Jan 23
SC 13G/A
BOSSERT CAPITAL LLC
9 Feb 22
4
Howard Timothy Eriksen
12 Nov 21
4
Howard Timothy Eriksen
28 Oct 21
SC 13D/A
Wynden Capital Management, LLC
15 Mar 21
SC 13G/A
BOSSERT CAPITAL LLC
11 Feb 21
4
Howard Timothy Eriksen
16 Nov 20
Financial summary
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Diluted EPS |
Annual (USD) | Feb 22 | Feb 21 | Feb 20 | Feb 16 | |
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Cost of revenue | |||||
Operating income | |||||
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Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 617.00 k | 617.00 k | 617.00 k | 617.00 k | 617.00 k | 617.00 k |
Cash burn (monthly) | 63.00 k | 385.83 k | 260.33 k | 71.33 k | (no burn) | (no burn) |
Cash used (since last report) | 376.83 k | 2.31 mm | 1.56 mm | 426.67 k | n/a | n/a |
Cash remaining | 240.17 k | -1.69 mm | -940.15 k | 190.33 k | n/a | n/a |
Runway (months of cash) | 3.8 | -4.4 | -3.6 | 2.7 | n/a | n/a |
Institutional ownership, Q4 2022
7.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 0 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 453.00 k |
Total shares | 154.98 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Bossert Capital | 90.24 k | $0.00 |
Wynden Capital Management | 64.74 k | $453.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Feb 23 | Olesen Value Fund | Common Stock, $0.01 par value | Buy | Acquire P | Yes | No | 10.01 | 5,800 | 58.06 k | 292,190 |
14 Feb 23 | Olesen Value Fund | Common Stock, $0.01 par value | Buy | Acquire P | Yes | No | 10.01 | 5,800 | 58.06 k | 292,190 |
14 Feb 23 | Olesen Value Fund | Common Stock, $0.01 par value | Buy | Acquire P | Yes | No | 10.01 | 5,800 | 58.06 k | 292,190 |
14 Feb 23 | Olesen Value Fund | Common Stock, $0.01 par value | Buy | Acquire P | No | No | 10.01 | 5,800 | 58.06 k | 292,190 |
9 Feb 23 | Olesen Value Fund | Common Stock, $0.01 par value | Buy | Acquire P | Yes | No | 10.02 | 100 | 1.00 k | 286,390 |
9 Feb 23 | Olesen Value Fund | Common Stock, $0.01 par value | Buy | Acquire P | Yes | No | 10.02 | 100 | 1.00 k | 286,390 |
9 Feb 23 | Olesen Value Fund | Common Stock, $0.01 par value | Buy | Acquire P | Yes | No | 10.02 | 100 | 1.00 k | 286,390 |
9 Feb 23 | Olesen Value Fund | Common Stock, $0.01 par value | Buy | Acquire P | No | No | 10.02 | 100 | 1.00 k | 286,390 |
27 Jan 23 | Olesen Value Fund | Common Stock, $0.01 par value | Buy | Acquire P | Yes | No | 10.02 | 800 | 8.02 k | 286,290 |
27 Jan 23 | Olesen Value Fund | Common Stock, $0.01 par value | Buy | Acquire P | Yes | No | 10.02 | 800 | 8.02 k | 286,290 |