Solitron Devices (Solitron Devices) Net Income

: $0.35 Mil (TTM As of Nov. 2023)

View and export this data going back to . Start your Free Trial

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Solitron Devices's Net Income for the three months ended in Nov. 2023 was $0.09 Mil. Its Net Income for the trailing twelve months (TTM) ended in Nov. 2023 was $0.35 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Solitron Devices's Earnings per Share (Diluted) for the three months ended in Nov. 2023 was $0.04.

Solitron Devices Net Income Historical Data

The historical data trend for Solitron Devices's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Solitron Devices Annual Data

Trend

Feb12

Feb13

Feb14

Feb15

Feb16

Feb19

Feb20

Feb21

Feb22

Feb23

Net Income

Get a 7-Day Free Trial

-1.44

-0.61

1.38

3.51

0.83

Solitron Devices Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Net Income	Get a 7-Day Free Trial															-0.49	0.23	-0.17	0.20	0.09

Solitron Devices Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Solitron Devices's Net Income for the fiscal year that ended in Feb. 2023 is calculated as

	Net Income		(A: Feb. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	0.826	+	0	+	0	+	0
=	0.83

Solitron Devices's Net Income for the quarter that ended in Nov. 2023 is calculated as

	Net Income		(Q: Nov. 2023 )
=	Pre-Tax Income	+	Tax Provision	+	Net Income (Discontinued Operations)	+	Others
=	0.086	+	0	+	0	+	0
=	0.09

Net Income for the trailing twelve months (TTM) ended in Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.35 Mil.

Solitron Devices (OTCPK:SODI) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Solitron Devices's Earnings per Share (Diluted) (EPS) for the quarter that ended in Nov. 2023 is calculated as

Earnings per Share (Diluted) (Q: Nov. 2023 )	=	(Net Income	-	Preferred Dividends)	/	Shares Outstanding (Diluted Average)
	=	(0.086	-	0)	/	2.083
	=	0.04

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.

Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.

Solitron Devices Net Income Related Terms

Thank you for viewing the detailed overview of Solitron Devices's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Solitron Devices (Solitron Devices) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solitron Devices Inc (OTCPK:SODI) » Definitions » Net Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Sansburys Way, West Palm Beach, FL, USA, 33411

Website

https://www.solitrondevices.com

Solitron Devices Inc designs, develop, manufactures, and markets solid-state semiconductor components and related devices mainly for the military and aerospace markets. It 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. It derives the majority of its revenues from its business operations in the United States, while it also holds a presence in Canada, Latin America, the Far East, and the Middle East.

Executives

Howard Timothy Eriksen	director	567 WILDROSE CIRCLE, LYNDEN WA 98264
Mark Matson	officer: President and COO	600 S. ROCKFORD DRIVE, TEMPE AZ 85281
Olesen Value Fund Gp Llc	10 percent owner	C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
David William Pointer	director	PO BOX 402, NEWMAN LAKE WA 99025
Christian Olesen	10 percent owner	C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Capital Management Llc	10 percent owner	185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Value Fund L.p.	10 percent owner	C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
John Stayduhar	other: Shareholder	C/O JOHN FARINA, 1601 FORUM PL. #900, WEST PALM BEACH FL 33401
Charles M Gillman	director	1223 WILSHIRE BOULEVARD, OFFICE 648, SANTA MONICA CA 90402
Cedar Creek Partners Llc	other: Shareholder	8695 GLENDALE RD., CUSTER WA 98240
Eriksen Capital Management Llc	other: Shareholder	8695 GLENDALE RD., CUSTER WA 98240
John F Chiste	director
Dwight P Aubrey	director	C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407
Joseph F Gerrity	director
Sidney H Kopperl	director	C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407