Solid State (LSE: SOLI)

Last close As at 02/05/2024

GBP13.75

0.00 (0.00%)

Market capitalisation

GBP156m

Solid State is a high value-add manufacturer and specialist design-in distributor to the electronics industry. It has expertise in industrial/ruggedised computers, antennas, microwave systems, secure communications systems and battery-power solutions.

Latest Insights

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Industrials | QuickView

Solid State — Anticipating record adjusted PBT in FY24

Industrials | QuickView

Solid State — Returning to trend growth

Industrials | QuickView

Solid State — Strong organic development in H124

Industrials | QuickView

Solid State — Positive trading momentum carried into FY24

Solid State_resized

Sector

Industrials

Key Management

  • Gary Marsh

    CEO

  • Peter James

    CFO

Balance Sheet

Forecast net cash (£m)

0.3

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 2.2 7.4 21.7
Relative 0.1 1.2 17.7
52 week high/low 1440.0p/1025.0p

Financials

Solid State’s trading update affirms the sustained strength in demand throughout H224, resulting in record FY24 revenue and adjusted PBT ahead of prior consensus of £155m and £12.5m, respectively. This is attributable to the earlier-than-expected delivery of a NATO contract. As a result, consensus FY24 revenue and adjusted PBT estimates have been raised by c 6% and c 20%, with respective FY25 estimates declining commensurately.

Research

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Industrials

Solid State — Record performance in H122

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Industrials

Solid State — Trading on track with potential H2 upside

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Industrials

Solid State — Record profitability in FY21 despite pandemic

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Industrials

Solid State — Continued FY21 outperformance

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Industrials

Solid State — Acquisition of Willow Technologies

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Industrials

Solid State — Acquisition of Active Silicon

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Industrials

Solid State — FY21 set to be another record

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Industrials

Solid State — H121 broadly comparable with record H120

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Industrials

Solid State — Resilience through diversity of markets

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Industrials

Solid State — Diversity of markets gives resilience

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Industrials

Solid State — Record adjusted EBIT expected for FY20

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Industrials

Solid State — Record trading in H120

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Industrials

Solid State — Management raises FY20 profit guidance

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Industrials

Solid State — FY19 record for revenues and profits

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Industrials

Solid State — FY19 slightly ahead of upgraded consensus

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Industrials

Solid State — Significant consensus upgrades

research

Industrials

Solid State — H119 results as expected, bar DPS increase

research

Industrials

Solid State — Acquisition of Pacer Technologies

research

Industrials

Solid State — Positive H119 pre-close trading update

research

Industrials

Solid State — Positive start to FY19

research

Industrials

Solid State — Focusing on value-add to drive margin

research

Industrials

Solid State — Battery packs to power warehouse robots

Update

Industrials

Solid State — Revenues growing but not profits

Outlook

Industrials

Solid State — Interims signal good start to FY18

QuickView

Industrials

Solid State — Good start to FY18 despite antennas delays

Update

Industrials

Solid State — Enhancing R&D capability

Update

Industrials

Solid State — FY17 trading broadly in line

Outlook

Industrials

Solid State — Update 29 November 2016

Flash note

Industrials

Solid State — Update 20 October 2016

Update

Industrials

Solid State — Update 12 July 2016

Update

Industrials

Solid State — Update 1 June 2016

Flash note

Industrials

Solid State — Update 25 May 2016

Flash note

Industrials

Solid State — Update 28 April 2016

Update

Industrials

Solid State — Update 25 February 2016

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Industrials

Solid State — Update 7 February 2016

Update

Industrials

Solid State — Update 23 November 2015

Update

Industrials

Solid State — Update 1 November 2015

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