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
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
221684144
Calendar
25 Mar 21
21 Apr 21
28 Feb 22
Financial summary
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Nov 20 | Aug 20 | May 20 | Feb 20 | |
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Feb 20 | Feb 16 | Feb 15 | Feb 14 | |
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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 |
Recent insider trades
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 |
Institutional ownership Q1 2021
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 |
---|---|
Total holders | 2 |
Opened positions | 1 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares |
Current |
---|---|
Total value | 1.34M |
Total shares | 219.49K |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
Bossert Capital | 154.75K | $890K |
Wynden Capital Management | 64.74K | $453K |
Financial report summary
?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 | ||
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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
Financial reports
10-Q
2021 Q2
Quarterly report
25 Mar 21
10-Q
2021 Q3
Quarterly report
24 Mar 21
10-Q
2021 Q1
Quarterly report
23 Mar 21
10-K/A
2020 FY
Annual report (amended)
22 Feb 21
10-K
2020 FY
Annual report
10 Feb 21
NT 10-K
Notice of late annual filing
10 Jul 20
NT 10-K
Notice of late annual filing
30 May 17
10-Q
2017 Q3
Quarterly report
16 Jan 17
10-Q
2017 Q2
Quarterly report
17 Nov 16
NT 10-Q
Notice of late quarterly filing
16 Oct 16
Current reports
8-K
Entry into a Material Definitive Agreement
21 Apr 21
8-K
Entry into a Material Definitive Agreement
4 Mar 21
8-K
Solitron Devices, Inc. Financial/corporate Update
29 Dec 20
8-K/A
Results of Operations and Financial Condition
17 Nov 20
8-K
Departure of Directors or Certain Officers
16 Nov 20
8-K
Solitron Devices, Inc. Financial/corporate Update
25 Sep 20
8-K
Entry into a Material Definitive Agreement
27 Jul 20
8-K/A
Other Events
10 Jul 20
8-K
Other Events
29 May 20
8-K
Solitron Devices, Inc. Corporate Update
26 Mar 20
Registration and prospectus
Proxies
DEF 14A
Definitive proxy
4 Aug 16
DEFA14A
Additional proxy soliciting materials
27 Jul 15
DEFA14A
Additional proxy soliciting materials
26 Jul 15
DFAN14A
Additional proxy materials by non-management
22 Jul 15
DEFA14A
Additional proxy soliciting materials
21 Jul 15
DEFA14A
Additional proxy soliciting materials
20 Jul 15
DEFA14A
Additional proxy soliciting materials
19 Jul 15
DFAN14A
Additional proxy materials by non-management
16 Jul 15
DEFA14A
Additional proxy soliciting materials
8 Jul 15
DFAN14A
Additional proxy materials by non-management
1 Jul 15
Other
SD
Conflict minerals disclosure
14 Jun 18
SD
Conflict minerals disclosure
13 Jun 17
CT ORDER
Confidential treatment order
14 Sep 16
SD
Conflict minerals disclosure
30 May 16
SD
Conflict minerals disclosure
31 May 15
SD
Conflict minerals disclosure
29 May 14
CORRESP
Correspondence with SEC
10 Sep 12
UPLOAD
Letter from SEC
10 Sep 12
UPLOAD
Letter from SEC
9 Sep 12
UPLOAD
Letter from SEC
26 Feb 09
Ownership
SC 13D/A
SOLITRON DEVICES / Wynden Capital Management ownership change
15 Mar 21
SC 13G/A
SOLITRON DEVICES / BOSSERT CAPITAL ownership change
11 Feb 21
4
SOLITRON DEVICES / Howard Timothy Eriksen ownership change
16 Nov 20
4
SOLITRON DEVICES / Mark Matson ownership change
16 Nov 20
SC 13G/A
SOLITRON DEVICES / Bossert Alex ownership change
6 May 20
SC 13G
Beneficial ownership report
19 Feb 20
SC 13G
Solitron Devices Inc
14 Feb 20
4
SOLITRON DEVICES / Howard Timothy Eriksen ownership change
12 Feb 20
4
SOLITRON DEVICES / Mark Matson ownership change
10 Feb 20
4
SOLITRON DEVICES / Howard Timothy Eriksen ownership change
5 Feb 20