Solitron Devices, Inc., a leading provider of solid-state semiconductor components for the military and aerospace markets, recently announced their fiscal 2025 third-quarter bookings of over $8 million. This marks a significant increase from the previous year, with bookings in the first nine months of fiscal 2025 also showing growth compared to the same period in fiscal 2024.
The company reported a backlog of approximately $12.3 million as of November 30, 2024, slightly lower than the previous year. Despite not receiving a large end-of-life order as anticipated, Solitron was instructed to order a significant amount of the end-of-life component to ensure continued availability for the next twenty years. Additionally, the company is still awaiting a $5 million order from their largest program, expected to be received soon.
While fiscal 2025 third-quarter revenue is projected to be around $3.4 million, a decrease from the previous year, Solitron remains optimistic about new product development opportunities, including in silicon carbide technology. The company has been actively developing prototypes for testing by potential customers and is hopeful about generating additional revenue streams in the future.
Solitron Devices, Inc. specializes in designing, manufacturing, and marketing a wide range of semiconductor products, including power transistors, hybrids, and field-effect transistors, primarily for government contracts. The company recently completed the acquisition of Micro Engineering Inc. (MEI), further expanding its capabilities in design layout and manufacturing solutions.
As with any forward-looking statements, there are risks and uncertainties that could impact Solitron’s future performance. Factors such as government spending, economic trends, and the integration of MEI could affect the company’s results. It is important to consider these factors when evaluating the company’s financial outlook.
For more information about Solitron Devices, Inc. and their latest developments, visit their website or contact their investor relations team. Stay updated with the latest news and events in the Web3, blockchain, and metaverse space by visiting Web3Wire, Block3Wire, and Meta3Wire for comprehensive coverage.