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SODI Solitron Devices

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
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
221684144

Calendar

25 Mar 21
21 Apr 21
28 Feb 22
Quarter (USD)
Nov 20 Aug 20 May 20 Feb 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Feb 20 Feb 16 Feb 15 Feb 14
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 3.45M 3.45M 3.45M 3.45M 3.45M 3.45M
Cash burn (monthly) (positive/no burn) (positive/no burn) 20.67K (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a n/a 97.86K n/a n/a n/a
Cash remaining n/a n/a 3.36M n/a n/a n/a
Runway (months of cash) n/a n/a 162.3 n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Nov 20 Howard Timothy Eriksen Common stock Grant Aquire A No No 0 7,669 0 51,265
13 Nov 20 Mark Matson Common stock Grant Aquire A No No 0 15,337 0 157,091
11 Feb 20 Howard Timothy Eriksen Common stock Buy Aquire P Yes No 3.2 4,700 15.04K 231,441
7 Feb 20 Mark Matson Common stock Grant Aquire A No No 3.01 3,150 9.48K 141,754
4 Feb 20 Howard Timothy Eriksen Common Stock Buy Aquire P Yes No 3.05 3,319 10.12K 226,741

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

10.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 2 1 +100.0%
Opened positions 1 1
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 1.34M 890K +50.9%
Total shares 219.49K 154.75K +41.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Bossert Capital 154.75K $890K 0.0%
Wynden Capital Management 64.74K $453K NEW
Largest transactions
Shares Bought/sold Change
Wynden Capital Management 64.74K +64.74K NEW
Bossert Capital 154.75K 0 0.0%

Financial report summary

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Risks
  • Risks Related to our Business and Industry
  • Loss of, or reduction of business from, substantial clients could hurt our business by reducing our revenues, profitability and cash flow.
  • Our complex manufacturing processes may lower yields and reduce our revenues.
  • Our business could be materially and adversely affected if we are unable to obtain qualified supplies of raw materials, parts and finished components on a timely basis and at a cost-effective price.
  • Our inventories may become obsolete and other assets may be subject to risks.
  • Our business is highly competitive and increased competition could reduce gross profit margins and the value of an investment in our Company.
  • Our operating results may decrease due to the decline of profitability in the semiconductor industry.
  • We may not achieve the intended effects of our business strategy which could adversely impact our business, financial condition and results of operations.
  • Our inability to introduce new products could result in decreased revenues and loss of market share to competitors; new technologies could also reduce the demand for our products.
  • The nature of our products exposes us to potentially significant product liability risk.
  • We depend on the recruitment and retention of qualified personnel and our failure to attract and retain such personnel could seriously harm our business.
  • Failure to protect our proprietary technologies or maintain the right to use certain technologies may negatively affect our ability to compete.
  • We cannot guarantee that we will have sufficient capital resources to make necessary investments in manufacturing technology and equipment.
  • We may make substantial investments in plant and equipment that may become impaired.
  • While we attempt to monitor the credit worthiness of our customers, we may be at risk due to the adverse financial condition of one or more customers.
  • Our international operations expose us to material risks, including risks under U.S. export laws.
  • Compliance with regulations regarding the use of "conflict minerals" could limit the supply and increase the cost of certain metals used in manufacturing our products.
  • Risks Related to Government Contracts and Policies
  • We are dependent on government contracts, which are subject to termination, price renegotiations and regulatory compliance, which can increase the cost of doing business and negatively impact our revenues.
  • Changes in government policy or economic conditions could negatively impact our results.
  • Risks Related to the COVID-19 Pandemic
  • Risks Relating to Information Technology and Cybersecurity
  • Security breaches and other disruptions could compromise the integrity of our information and expose us to liability, which would cause our business and reputation to suffer.
  • Our failure to remediate the material weakness in our internal control over financial reporting or our identification of any other material weaknesses in the future may adversely affect the accuracy and timing of our financial reporting.
  • Provisions in our charter documents and rights agreement could make it more difficult to acquire our Company and may reduce the market price of our stock.
  • The price of our common stock has fluctuated widely in the past and may fluctuate widely in the future.
  • We cannot guarantee that we will declare future cash dividend payments, nor repurchase any shares of our common stock pursuant to our stock repurchase program.
  • Uncertainty of current economic conditions, domestically and globally, could continue to affect demand for our products and negatively impact our business.
  • Natural disasters, like hurricanes, or occurrences of other natural disasters whether in the United States or internationally may affect the markets in which our common stock trades, the markets in which we operate and our profitability.
  • Management’s Report on Internal Control over Financial Reporting
  • Our Evaluation of Disclosure Controls and Procedures
  • Changes in Internal Control over Financial Reporting.
  • Legal/Disciplinary History
  • Communications with our Board of Directors
  • DELINQUENT SECTION 16(A) REPORTS
  • Summary Compensation Table
  • Certain Relationships and Related Transactions
  • Auditor Fees and Services
  • Pre-Approval Policies and Procedures for Audit and Permitted Non-Audit Services
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: administered, Aid, annum, care, established, forgiven, month, mortgage, October, Page, prepayment, Qualitative, Quantitative, Relief, rent, SBA, Small