Solitron Devices Inc (OTC: SODI) is a semiconductor components company that designs, develops, manufactures, and markets solid-state semiconductor devices primarily for the military and aerospace markets. Revenue is generated through direct product sales of discrete semiconductors and hybrid microcircuits to a concentrated base of defense and aerospace contractors. The company operates from West Palm Beach, Florida, and is incorporated in Delaware. Customer concentration is pronounced: in FY2025 (ended February 28, 2025), ConMed Linvatec accounted for approximately 38% of net sales and RTX Corporation 31%, with seven customers representing approximately 89% of net sales. The company holds MIL-PRF-38534 Class H certification and qualification from the Defense Supply Center Columbus (DSCC), a prerequisite for supplying hybrids to U.S. military programs, held since 1990 and 1995 respectively. Cash and cash equivalents stood at approximately $4,099,000 as of February 28, 2025. CFO Carolyn Campbell signed the FY2025 10-K filed May 23, 2025.

Revenue model

Transactional product sales of semiconductor components, power transistors, power MOSFETs, and hybrid microcircuits to defense and aerospace contractors. No subscription or royalty revenue disclosed in the filing.

Products and services

Bipolar and MOS power transistors, junction and power MOS field effect transistors (Power MOSFETs), power and control hybrids, and related solid-state semiconductor components. Products are sold in standard or custom packages, as chips, or as hybrid microcircuits built on ceramic substrates with thick film gold conductors.

Customers and end markets

Primary end markets are U.S. military and aerospace programs. Key customers in FY2025 (ended February 28, 2025): ConMed Linvatec (approximately 38% of net sales), RTX Corporation (approximately 31% of net sales). Seven customers accounted for approximately 89% of net sales in FY2025.

Value-chain role

Vertically integrated component manufacturer: designs, fabricates wafers in-house, assembles and packages discrete devices and hybrid microcircuits, and sells finished components directly to defense and aerospace prime contractors and subcontractors. Holds MIL-PRF-38534 Class H qualification required for U.S. military hybrid supply.

Geographic exposure

Operations based in West Palm Beach, Florida. End markets are primarily U.S. military and aerospace programs. Filing notes virtually no foreign competition in military/aerospace market segments served.

Source: SEC 10-K, filed 2025-05-23

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