Solitron Devices, Inc. (OTCMKTS:SODI) Files An 8-K Results of Operations and Financial Condition
Results of Operations and Financial
On May 31, 2017, Solitron Devices, Inc. (Solitron or the Company)
issued a press release announcing that it expects to take a
charge to inventory due to excess and obsolescence (EO) and wafer
yield loss, providing certain financial information, including
the fiscal 2017 amount of year-end inventory, net of reserves,
sales information for the fourth quarter and fiscal 2017 and
backlog for fiscal 2017 year-end, and guidance for the first
quarter of fiscal 2018 relating to net sales and bookings.
A copy of the press release is being furnished as Exhibit 99.1 to
this Current Report on Form 8-K.
Section 7 Regulation FD
|Item 7.01||Regulation FD Disclosure.|
The information set forth under Item 2.02 Results of Operations
and Financial Condition of this Current Report on Form 8-K is
incorporated by reference into this Item 7.01.
Section 9 Financial Statements and Exhibits
|Item 9.01.||Financial Statements and Exhibits.|
Press Release of Solitron Devices, Inc., issued on May 31,
About Solitron Devices, Inc. (OTCMKTS:SODI)
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 range of bipolar and metal oxide semiconductor (MOS) power transistors, power and control hybrids, junction and power MOS field effect transistors (Power MOSFETS), field effect transistors and other related products. Other products, such as Joint Army/Navy (JAN) transistors, diodes and Standard Military Drawings (SMD) voltage regulators, are sold as standard or catalog items. Its semiconductor products are classified as active electronic components, which include bipolar transistors and MOS transistors. Its semiconductor products are used as components of military, commercial and aerospace electronic equipment, such as ground and airborne radar systems, power distribution systems, missiles, missile control systems and spacecraft. Its products are also used on the space shuttle. Solitron Devices, Inc. (OTCMKTS:SODI) Recent Trading Information
Solitron Devices, Inc. (OTCMKTS:SODI) closed its last trading session up +0.33 at 4.48 with 1,600 shares trading hands.