Solitron Devices, Inc. Announces Inventory Charge
WEST PALM BEACH, FL / ACCESSWIRE / May 31, 2017 / Solitron Devices, Inc. (OTCQB: SODI) ("Solitron" or the "Company") today announced that, after a thorough review of its accounting for inventory, it expects to take a charge due to excess and obsolescence ("E&O"), and wafer yield loss. Management has determined that fiscal 2017 year-end inventory, net of reserves, should be approximately $2.7 million. The E&O charge cannot be taken in the...
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