Solitron Devices, Inc. Reports Unaudited Sales Results for the Second Quarter and First Half Year Ended August 31, 2018; Provides Earnings Guidance for the Year Ending February 28, 2017
November 05, 2018 at 06:49 am EST
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Solitron Devices, Inc. reported unaudited sales results for the second quarter and first half year ended August 31, 2018. Sales in the second quarter of fiscal 2019 decreased by 3% to approximately $2.3 million versus approximately $2.4 million in the second quarter of fiscal 2018.
Sales were approximately $4.2 million in the first half of fiscal 2019 versus approximately $5.4 million in the first half of fiscal 2018.
Preliminary fiscal 2017 net loss is expected to be between $2.0 and $2.1 million. Stockholders' equity as of February 28, 2017 is expected to be between $7.3 and $7.4 million.
Solitron Devices, Inc. designs, develops, manufactures and markets solid state semiconductor components and related devices primarily for the military and aerospace markets. The Company manufactures a 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. Its 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 (SMD) voltage regulators, are sold as standard or catalog items. The Company manufactures thick film hybrids, which generally contain discrete semiconductor chips, integrated circuits, chip capacitors and thick film or thin film resistors. Its hybrids include high power voltage regulators, power amplifiers, power drivers, boosters and controllers.
Solitron Devices, Inc. Reports Unaudited Sales Results for the Second Quarter and First Half Year Ended August 31, 2018; Provides Earnings Guidance for the Year Ending February 28, 2017
SOLITRON DEVICES, INC. 
