SODI on OTC

SOLITRON DEVICES INC

American semiconductors and related devices company, incorporated in Delaware1

In its 2026 annual report the company says: “The Company manufactures a large variety of bipolar and metal oxide semiconductor power transistors, power and control hybrids, junction and power MOS field effect transistors, field effect transistors and other related products.”4 It is headquartered in West Palm Beach, Florida.1 Its shares trade on OTC under the symbol SODI.1

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Last updated Oct 20, 2026.

Overview

$17.0MRevenue, fiscal 20262
$807.0KNet income, fiscal 20262

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  • TickerSODI on OTC1
  • IndustrySemiconductors & Related Devices1
  • HeadquartersWest Palm Beach, Florida1
  • Incorporated inDE3
  • Business address901 Sansburys Way, West Palm Beach, Fl 334113
  • Filer categoryNon-accelerated filer, Smaller reporting company3

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Solitron Devices, Inc., a Delaware corporation (the "Company" or "Solitron"), 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"), field effect transistors 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 (“SMD”) voltage regulators, are sold as standard or catalog items.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

30.2%Gross margin2
9.5%Operating margin2
4.8%Net margin2
20.8%Revenue growth, 20262
4.1%Return on equity2
0.19×Debt to equity2
$1.0MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 95% of the revenue SOLITRON DEVICES INC broke down this way in fiscal 2026.

  1. United States$16.0M295%up 15% from 2025
  2. Europe and Australia$928.0K25%up 1874% from 2025
Regions by year
Regions20252026
United States$14.0M$16.0M
Europe and Australia$47.0K$928.0K

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue70¢$11.9M
  • Selling, general and admin21¢$3.5M
  • Other costs3¢$522.0K
  • Income tax2¢$289.0K
  • Profit5¢$807.0K

Out of $17.0M in revenue.2

Where each dollar of operating cash went, fiscal 2026

  • Capital spending24¢$327.0K
  • Kept or used elsewhere76¢$1.0M

Out of $1.4M of cash from operations.2

Financial statements

Revenue567892$17.0M in 2026+81% since 2019
0$5.0M$10.0M$15.0M$20.0M2019: $9.4M$9.4M20192020: $9.2M$9.2M2020−2%2021: $10.5M$10.5M2021+14%2022: $12.3M$12.3M2022+17%2023: $6.4M$6.4M2023−48%2024: $12.8M$12.8M2024+99%2025: $14.0M$14.0M2025+10%2026: $17.0M$17.0M2026+21%
Gross profit56789102$5.1M in 2026+268% since 2019
0$2.0M$4.0M$6.0M2019: $1.4M$1.4M20192020: $1.5M$1.5M2020+6%2021: $3.3M$3.3M2021+122%2022: $4.8M$4.8M2022+46%2023: $1.4M$1.4M2023−71%2024: $3.8M$3.8M2024+172%2025: $4.0M$4.0M2025+5%2026: $5.1M$5.1M2026+28%
Operating income56789102$1.6M in 2026
-$2.0M-$1.0M0$1.0M$2.0M$3.0M2019: -$1.3M-$1.3M20192020: -$629.0K-$629.0K2020−53%2021: $1.2M$1.2M20212022: $2.3M$2.3M2022+96%2023: -$651.0K-$651.0K20232024: $934.0K$934.0K20242025: $998.0K$998.0K2025+7%2026: $1.6M$1.6M2026+62%
Net income56789102$807.0K in 2026
-$2.0M0$2.0M$4.0M$6.0M2019: -$1.4M-$1.4M20192020: -$606.0K-$606.0K2020−58%2021: $1.4M$1.4M20212022: $3.5M$3.5M2022+154%2023: $826.0K$826.0K2023−76%2024: $5.8M$5.8M2024+602%2025: $815.0K$815.0K2025−86%2026: $807.0K$807.0K2026−1%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-02-282025-02-28
Net sales$17.0M$14.0M
Cost of sales$11.9M$10.1M
Gross profit$5.1M$4.0M
Selling, general and administrative expenses$3.5M$3.0M
Operating income$1.6M$998.0K
Interest income$163.0K$6.0K
Interest expense-$263.0K-$272.0K
Dividend income$97.0K$70.0K
Realized gain on investments$285.0K$127.0K
Unrealized gain (loss) on investments-$465.0K$64.0K
Contingent consideration expense-$346.0K$0
Miscellaneous income$7.0K$0
Total other (loss)-$522.0K-$5.0K
Net income before income tax$1.1M$993.0K
Income (taxes)-$289.0K-$178.0K
Net income$807.0K$815.0K
Net income per common share - basic and diluted (in dollars per share)$0.38$0.39
Weighted average shares outstanding - basic and diluted (in shares)2.1M shares2.1M shares

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Corporate structure

SOLITRON DEVICES INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SOLITRON DEVICES INC

  • Olesen Value Fund L.P. Filed SCHEDULE 13D/A on SOLITRON DEVICES INC, latest Jul 23, 2026 (4 filings since Feb 16, 2023)
  • Granite State Capital Management, LLC Filed SC 13G/A on SOLITRON DEVICES INC, latest Jan 26, 2024 (2 filings since Jan 31, 2023)
  • ERIKSEN CAPITAL MANAGEMENT LLC Filed SC 13D/A on SOLITRON DEVICES INC, latest Oct 24, 2023
  • BOSSERT CAPITAL LLC Filed SC 13G/A on SOLITRON DEVICES INC, latest Feb 9, 2022
  • SOLITRON DEVICES INC West Palm Beach, Florida

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SOLITRON DEVICES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$15.8M2 Feb 28, 2026$15.4M2 Feb 28, 2025+2.1%
Accumulated depreciation$7.4M2 Feb 28, 2026$6.8M2 Feb 28, 2025+8.5%
Property and equipment, net$8.4M2 Feb 28, 2026$8.6M2 Feb 28, 2025−2.9%
Finance-lease assets$010 Feb 28, 2025$1.7M10 Feb 29, 2024−100.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.9M2 Feb 28, 2026$4.1M2 Feb 28, 2025−4.5%
Marketable securities, current$2.0K2 Feb 28, 2026$919.0K2 Feb 28, 2025−99.8%
Long-term investments$1.6M2 Feb 28, 2026$02 Feb 28, 2025

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$2.7M2 Feb 28, 2026$2.9M2 Feb 28, 2025−7.2%
Finite-lived intangibles, gross$3.2M2 Feb 28, 2026$3.2M2 Feb 28, 20250%
Accumulated amortization$523.9K2 Feb 28, 2026$314.3K2 Feb 28, 2025+66.7%
Finite-lived intangibles, net$2.7M2 Feb 28, 2026$2.9M2 Feb 28, 2025−7.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$4.1M2 Feb 28, 2026$3.4M2 Feb 28, 2025+20.1%

Properties, in its own words

The Company’s corporate headquarters and manufacturing operations are located in a purchased facility in West Palm Beach, Florida. The facility is approximately 24,000 sq. ft. The Company completed its move into the facility in fiscal 2023. The Company believes that its facility in West Palm Beach is suitable and adequate to meet its requirements.

The Company purchased the MEI facility located in Apopka, Florida on May 21, 2024. The facility is approximately 10,900 sq. ft. The Company believes that its facility in Apopka is suitable and adequate to meet its requirements.

Item 2 of the 10-K filed May 28, 2026.4

Leadership

Who has led SOLITRON DEVICES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Shevach Saraf2006–2015
  2. Howard Timothy Eriksen2016–now

Chair

  1. Shevach Saraf2015

President

  1. Shevach Saraf2006
  2. Mark Matson2016–now

Chief financial officer

  1. Shevach Saraf2006–2015
  2. Howard Timothy Eriksen2016–2023
  3. Carolyn K. Campbell2025–now

Chief operating officer

  1. Mark Matson2016–now
2010201520202025
Board members and other officers (10)

Timeline

  1. Oct 13, 20268-K Results of operations; Regulation FD disclosure27
  2. Jul 13, 20268-K Results of operations; Regulation FD disclosure28
  3. Apr 24, 20268-K Shareholder vote29
  4. Apr 22, 20268-K Results of operations; Regulation FD disclosure30
  5. Feb 3, 20268-K Other events31
  6. Jan 13, 20268-K Results of operations; Regulation FD disclosure32
  7. Nov 5, 20258-K Results of operations; Regulation FD disclosure33
  8. Oct 10, 20258-K Results of operations; Regulation FD disclosure34
  9. Aug 14, 20258-K Executive or director change35
  10. Jul 11, 20258-K Results of operations; Regulation FD disclosure36
  11. May 23, 20258-K Results of operations; Regulation FD disclosure37
  12. Apr 4, 20258-K Results of operations; Regulation FD disclosure38
  13. Aug 11, 2016New chief executive Howard Timothy Eriksen becomes CEO13
  14. Jul 3, 2006New chief executive Shevach Saraf becomes CEO14

Calendar

Coming up

  1. Around Jan 13, 2027Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Oct 13, 2026Reported quarterly or annual results27
  2. Jul 13, 2026Reported quarterly or annual results28
  3. Apr 22, 2026Reported quarterly or annual results30
  4. Jan 13, 2026Reported quarterly or annual results32
  5. Nov 5, 2025Reported quarterly or annual results33
  6. Oct 10, 2025Reported quarterly or annual results34
  7. Jul 11, 2025Reported quarterly or annual results36
  8. May 23, 2025Reported quarterly or annual results37

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

138 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 37 major events, 49 insider forms, 8 large holders, 23 other. The latest 20:

  1. Oct 13, 20268-K EDGAR
  2. Oct 13, 202610-Q EDGAR
  3. Oct 2, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 29, 2026144 EDGAR
  5. Sep 10, 20264 FORM 4 - MARK MATSON EDGAR
  6. Aug 17, 20264 FORM 4 - HOWARD TIMOTHY ERIKSEN EDGAR
  7. Aug 14, 20264 FORM 4 - HOWARD TIMOTHY ERIKSEN EDGAR
  8. Aug 14, 20264 FORM 4 - JOHN CHISTE EDGAR
  9. Aug 12, 20264 FORM 4 - HOWARD TIMOTHY ERIKSEN EDGAR
  10. Jul 23, 20264 PRIMARY DOCUMENT EDGAR
  11. Jul 23, 2026SCHEDULE 13D/A EDGAR
  12. Jul 21, 20264 PRIMARY DOCUMENT EDGAR
  13. Jul 13, 20268-K EDGAR
  14. Jul 13, 202610-Q EDGAR
  15. Jul 10, 20264 PRIMARY DOCUMENT EDGAR
  16. Jul 7, 20264 PRIMARY DOCUMENT EDGAR
  17. Jun 26, 20264 PRIMARY DOCUMENT EDGAR
  18. Jun 24, 2026144 EDGAR
  19. Jun 8, 20264 FORM 4 - HOWARD TIMOTHY ERIKSEN EDGAR
  20. May 28, 202610-K EDGAR

The 138 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

79 open-market trades by officers, directors and large owners since October 2021: 14 buys and 65 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 14, 2026CEDAR CREEK PARTNERS LLC10% ownerBuy8,000$28.50$228.0KForm 4
Aug 14, 2026CHISTE JOHN FDirectorSale8,000$28.50$228.0KForm 4
Aug 13, 2026CEDAR CREEK PARTNERS LLC10% ownerSale500$34.70$17.4KForm 4
Aug 11, 2026CEDAR CREEK PARTNERS LLC10% ownerSale563$34.82$19.6KForm 4
Jul 22, 2026Olesen Value Fund L.P.10% ownerSale1,488$29.84$44.4KForm 4
Jul 21, 2026Olesen Value Fund L.P.10% ownerSale4,336$29.82$129.3KForm 4
Jul 20, 2026Olesen Value Fund L.P.10% ownerSale13,464$29.71$400.0KForm 4
Jul 17, 2026Olesen Value Fund L.P.10% ownerSale6,404$29.56$189.3KForm 4
Jul 10, 2026Olesen Value Fund L.P.10% ownerSale1,400$26.54$37.2KForm 4
Jul 8, 2026Olesen Value Fund L.P.10% ownerSale12,068$26.85$324.0KForm 4
Jul 7, 2026Olesen Value Fund L.P.10% ownerSale1,932$26.83$51.8KForm 4
Jul 6, 2026Olesen Value Fund L.P.10% ownerSale3,200$26.80$85.8KForm 4
Jul 2, 2026Olesen Value Fund L.P.10% ownerSale7,876$26.40$207.9KForm 4
Jul 1, 2026Olesen Value Fund L.P.10% ownerSale480$26.24$12.6KForm 4
Jun 25, 2026Olesen Value Fund L.P.10% ownerSale6,400$26.59$170.2KForm 4
Jun 24, 2026Olesen Value Fund L.P.10% ownerSale20,952$26.60$557.3KForm 4
Aug 27, 2025Olesen Value Fund L.P.10% ownerSale3,516$16.99$59.7KForm 4
Aug 25, 2025Olesen Value Fund L.P.10% ownerSale400$16.99$6.8KForm 4
Aug 22, 2025Olesen Value Fund L.P.10% ownerSale6,000$16.38$98.3KForm 4
Aug 21, 2025Olesen Value Fund L.P.10% ownerSale2,000$16.33$32.7KForm 4

All 79 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Mark MatsonPresident, COO$285.0K$425.2K43
2025Tim EriksenCEO57$100.0K$107.0K43
2025Carolyn CampbellCFO$81.8K$85.3K43
2024Mark MatsonPresident, COO$240.0K$295.6K43
2024Tim EriksenCEO57$90.0K43

SEC filer profile

How SOLITRON DEVICES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSOLITRON DEVICES INC1
  • CIK0000091668
  • Employer ID (EIN)22-16841444
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsFebruary 281
  • Industry code (SIC)3674 Semiconductors & Related Devices1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address901 Sansburys Way, West Palm Beach, FL 334111
  • Phone561-848-43111
  • Shares outstanding2,155,703 as of Oct 1, 202612
  • Public float$26.0M as of Aug 31, 20254
  • AuditorWhitley Penn LLP, Dallas, TX PCAOB ID 726; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJul 19, 19951
  • Filings551 in all: 4 (121), 8-K (105), 10-Q (47), 10QSB (39), SC 13G/A (25), SC 13D/A (19), NT 10-K (18), 10-K (16)1
    All 39 form types

    3 (15), SC 13D (15), SC 13G (14), DEFA14A (13), NT 10-Q (12), 10KSB (10), 8-K/A (10), DEF 14A (8), UPLOAD (8), 144 (7), 4/A (7), DFAN14A (5), SD (5), CORRESP (4), 10-Q/A (3), S-8 (3), 10-K/A (2), 10KSB40 (2), 10QSB/A (2), 5 (2), ARS (2), DEFC14A (2), SCHEDULE 13D/A (2), 8-A12G/A (1), CT ORDER (1), NTN 10Q (1), PRE 14A (1), PREC14A (1), PREN14A (1), PRER14A (1), PRRN14A (1)

  • Latest filingsAnnual report (10-K) May 28, 2026
    Quarterly report (10-Q) Oct 13, 2026
    Proxy statement (DEF 14A) Mar 6, 2026
    Latest 8-K (8-K) Oct 13, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par value

From the cover page of the 10-K filed May 28, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks SOLITRON DEVICES INC names in Item 1A of its 10-K filed May 28, 2026: 34 risks under these headings, as written.4

  • Risks Related to our Business and Industry
  • We are subject to substantial customer concentration, and any loss of, or reduction of business from, one or more of our significant customers 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.
  • Increased international tariffs and threats of international tariffs may materially and adversely affect our business.
  • Geopolitical instability and conflict in the Middle East may cause disruptions in the supply chain for critical components of our products.
  • We may be unable to successfully execute our acquisition strategy, which may have adverse impacts on our growth and your investment.
  • If the inflationary pressures in the United States and elsewhere where we operate continue, we could experience reduced margins and lose future business.
  • Our inventories may become obsolete and other assets may be subject to risks.
  • Environmental regulations could require us to incur significant costs.
  • 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 or other adverse developments in the semiconductor industry.
The other 23 risks
  • 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 or obsolete.
  • While we attempt to monitor the creditworthiness 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.
  • If we fail to comply with anti-bribery, anti-corruption, anti-money laundering laws, and similar laws, or allegations of such failure, it could have a material adverse effect on our business, financial condition and operating results.
  • 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.
  • Changes in Defense related programs and priorities could reduce the revenues and profitability of our business.
  • The recently formed Department of Government Efficiency (“DOGE”) and Trump administration policies on reducing federal expenditures could negatively impact our revenues from government-related customers.
  • General Risks
  • Because of continued conflicts abroad, as well as high inflation and increased Federal Reserve interest rates in response, the effect on the capital markets and the economy is uncertain, and we may have to deal with a recessionary economy and economic uncertainty including possible adverse effects upon our business and industry.
  • 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 weaknesses 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.
  • Natural disasters, like hurricanes, or occurrences of other natural disasters whether on our production facility, 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.
  • Risks Relating to our Common Stock
  • The price of our common stock has fluctuated widely in the past and may fluctuate widely in the future.
  • There is currently a limited trading market for the Company’s common stock.
  • 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.
  • Provisions in our charter documents could make it more difficult to acquire our Company and may reduce the market price of our stock.

Legal proceedings

We may from time to time become a party to various legal proceedings arising in the ordinary course of business. As of February 28, 2026, we had no known material current, pending, or threatened litigation.

The opening of Item 3, Legal Proceedings.4

Sources

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    SEC EDGAROther events
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