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.
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
Departure of Directors or Certain Officers
22 Feb 24
8-K
Submission of Matters to a Vote of Security Holders
29 Jan 24
10-Q
2024 Q3
Quarterly report
19 Jan 24
8-K
Solitron Devices, Inc. Announces Fiscal 2024 Third Quarter Results
19 Jan 24
NT 10-Q
Notice of late quarterly filing
17 Jan 24
8-K/A
Financial Statements and Exhibits
12 Dec 23
DEF 14A
Definitive proxy
8 Dec 23
10-Q
2024 Q2
Quarterly report
12 Oct 23
8-K
Solitron Devices, Inc. Announces Closing of Acquisition and Preliminary Fiscal 2024 Second Quarter Sales and Bookings
5 Sep 23
8-K
Entry into a Material Definitive Agreement
5 Sep 23
Latest ownership filings
4
Christian Olesen
29 Mar 24
4
Christian Olesen
21 Mar 24
4
Christian Olesen
13 Mar 24
144
Notice of proposed sale of securities
11 Mar 24
5
Christian Olesen
4 Mar 24
SC 13G/A
Granite State Capital Management, LLC
26 Jan 24
4
Howard Timothy Eriksen
30 Oct 23
SC 13D/A
ERIKSEN CAPITAL MANAGEMENT LLC
24 Oct 23
4
Howard Timothy Eriksen
20 Oct 23
4/A
Mark Matson
19 Oct 23
Financial summary
Quarter (USD) | Nov 23 | Aug 23 | May 23 | Feb 23 | |
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Diluted EPS |
Annual (USD) | Feb 23 | Feb 22 | Feb 21 | Feb 20 | |
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Cost of revenue | |||||
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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) | 1.91 mm | 1.91 mm | 1.91 mm | 1.91 mm | 1.91 mm | 1.91 mm |
Cash burn (monthly) | 729.67 k | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 3.51 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | -1.60 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | -2.2 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
21.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 1 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 3.38 mm |
Total shares | 447.17 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Olesen Value Fund | 292.19 k | $2.93 mm |
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 |
---|---|---|---|---|---|---|---|---|---|---|
28 Mar 24 | Olesen Value Fund | Common Stock, $0.01 par value | Sell | Dispose S | Yes | No | 18.15 | 274 | 4.97 k | 284,719 |
28 Mar 24 | Olesen Value Fund | Common Stock, $0.01 par value | Sell | Dispose S | Yes | No | 18.15 | 274 | 4.97 k | 284,719 |
28 Mar 24 | Olesen Value Fund | Common Stock, $0.01 par value | Sell | Dispose S | Yes | No | 18.15 | 274 | 4.97 k | 284,719 |
28 Mar 24 | Olesen Value Fund | Common Stock, $0.01 par value | Sell | Dispose S | No | No | 18.15 | 274 | 4.97 k | 284,719 |
27 Mar 24 | Olesen Value Fund | Common Stock, $0.01 par value | Sell | Dispose S | Yes | No | 18.15 | 901 | 16.35 k | 284,993 |
27 Mar 24 | Olesen Value Fund | Common Stock, $0.01 par value | Sell | Dispose S | Yes | No | 18.15 | 901 | 16.35 k | 284,993 |
27 Mar 24 | Olesen Value Fund | Common Stock, $0.01 par value | Sell | Dispose S | Yes | No | 18.15 | 901 | 16.35 k | 284,993 |
27 Mar 24 | Olesen Value Fund | Common Stock, $0.01 par value | Sell | Dispose S | No | No | 18.15 | 901 | 16.35 k | 284,993 |
19 Mar 24 | Olesen Value Fund | Common Stock, $0.01 par value | Sell | Dispose S | Yes | No | 18.15 | 1,215 | 22.05 k | 285,894 |
19 Mar 24 | Olesen Value Fund | Common Stock, $0.01 par value | Sell | Dispose S | Yes | No | 18.15 | 1,215 | 22.05 k | 285,894 |