Solid State

Overview
Price performance
Financials
Research
Thematics

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

Industrials |
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19.11.24

Solid State — Defence contract delay affects expectations

Industrials |
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07.11.24

Solid State — H1 trading in line; guidance unchanged

Industrials |
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10.07.24

Solid State — Record FY24; medium-term targets retained

Industrials |
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02.04.24

Solid State — Anticipating record adjusted PBT in FY24

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Sector

Industrials

Equity Analyst

David Larkam

Analyst, 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	(47.5)	(55.5)	(54.1)
Relative	(45.7)	(54.4)	(57.6)
52 week high/low	306.0p/122.0p

Financials

The delay of a major contract inevitably has an impact on short-term profitability. Solid State has a strong balance sheet and a growth strategy to develop into a higher value-added electronics components and systems business, as witnessed by the two recent small acquisitions. Post the current hiatus we expect this to drive growth and value creation.

Research

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Industrials

26.10.22

Solid State — Exceptionally strong start to year

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Industrials

29.07.22

Solid State — Five-year growth target achieved

TMT

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06.12.22

Solid State — Record customer demand

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Industrials

14.07.22

Solid State — Step change in Power capabilities

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Industrials

22.04.22

Solid State — Strong finish to FY22 to deliver record profit

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Industrials

10.02.22

Solid State — Successfully negotiating supply chain issues

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Industrials

07.12.21

Solid State — Record performance in H122

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Industrials

22.10.21

Solid State — Trading on track with potential H2 upside

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Industrials

14.07.21

Solid State — Record profitability in FY21 despite pandemic

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Industrials

23.04.21

Solid State — Continued FY21 outperformance

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Industrials

03.03.21

Solid State — Acquisition of Willow Technologies

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Industrials

02.03.21

Solid State — Acquisition of Active Silicon

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Industrials

23.02.21

Solid State — FY21 set to be another record

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Industrials

08.12.20

Solid State — H121 broadly comparable with record H120

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Industrials

22.10.20

Solid State — Resilience through diversity of markets

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Industrials

02.07.20

Solid State — Diversity of markets gives resilience

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Industrials

16.04.20

Solid State — Record adjusted EBIT expected for FY20

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Industrials

05.12.19

Solid State — Record trading in H120

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Industrials

10.09.19

Solid State — Management raises FY20 profit guidance

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Industrials

09.07.19

Solid State — FY19 record for revenues and profits

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Industrials

01.05.19

Solid State — FY19 slightly ahead of upgraded consensus

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Industrials

30.01.19

Solid State — Significant consensus upgrades

research

Industrials

20.11.18

Solid State — H119 results as expected, bar DPS increase

research

Industrials

13.11.18

Solid State — Acquisition of Pacer Technologies

research

Industrials

19.10.18

Solid State — Positive H119 pre-close trading update

research

Industrials

18.09.18

Solid State — Positive start to FY19

research

Industrials

04.07.18

Solid State — Focusing on value-add to drive margin

research

Industrials

12.06.18

Solid State — Battery packs to power warehouse robots

Update

Industrials

18.04.18

Solid State — Revenues growing but not profits

Outlook

Industrials

23.11.17

Solid State — Interims signal good start to FY18

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Industrials

25.10.17

Solid State — Good start to FY18 despite antennas delays

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Industrials

18.07.17

Solid State — Doing the difficult things others won’t or can’t do

Update

Industrials

18.05.17

Solid State — Enhancing R&D capability

Update

Industrials

27.03.17

Solid State — FY17 trading broadly in line

Outlook

Industrials

29.11.16

Solid State — Update 29 November 2016

Flash note

Industrials

20.10.16

Solid State — Update 20 October 2016

Update

Industrials

12.07.16

Solid State — Update 12 July 2016

Update

Industrials

01.06.16

Solid State — Update 1 June 2016

Flash note

Industrials

25.05.16

Solid State — Update 25 May 2016

Flash note

Industrials

28.04.16

Solid State — Update 28 April 2016

Update

Industrials

26.02.16

Solid State — Update 25 February 2016

Update

Industrials

08.02.16

Solid State — Update 7 February 2016

Update

Industrials

24.11.15

Solid State — Update 23 November 2015

Update

Industrials

02.11.15

Solid State — Update 1 November 2015

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Solid State (LSE: SOLI)

Latest Insights

Solid State — Defence contract delay affects expectations

Solid State — H1 trading in line; guidance unchanged

Solid State — Record FY24; medium-term targets retained

Solid State — Anticipating record adjusted PBT in FY24

Sector

Equity Analyst

Key Management

Balance Sheet

Share Price Performance

Financials

Research

Solid State — Exceptionally strong start to year

Solid State — Five-year growth target achieved

Solid State — Record customer demand

Solid State — Step change in Power capabilities

Solid State — Strong finish to FY22 to deliver record profit

Solid State — Successfully negotiating supply chain issues

Solid State — Record performance in H122

Solid State — Trading on track with potential H2 upside

Solid State — Record profitability in FY21 despite pandemic

Solid State — Continued FY21 outperformance

Solid State — Acquisition of Willow Technologies

Solid State — Acquisition of Active Silicon

Solid State — FY21 set to be another record

Solid State — H121 broadly comparable with record H120

Solid State — Resilience through diversity of markets

Solid State — Diversity of markets gives resilience

Solid State — Record adjusted EBIT expected for FY20

Solid State — Record trading in H120

Solid State — Management raises FY20 profit guidance

Solid State — FY19 record for revenues and profits

Solid State — FY19 slightly ahead of upgraded consensus

Solid State — Significant consensus upgrades

Solid State — H119 results as expected, bar DPS increase

Solid State — Acquisition of Pacer Technologies

Solid State — Positive H119 pre-close trading update

Solid State — Positive start to FY19

Solid State — Focusing on value-add to drive margin

Solid State — Battery packs to power warehouse robots

Solid State — Revenues growing but not profits

Solid State — Interims signal good start to FY18

Solid State — Good start to FY18 despite antennas delays

Solid State — Doing the difficult things others won’t or can’t do

Solid State — Enhancing R&D capability

Solid State — FY17 trading broadly in line

Solid State — Update 29 November 2016

Solid State — Update 20 October 2016

Solid State — Update 12 July 2016

Solid State — Update 1 June 2016

Solid State — Update 25 May 2016

Solid State — Update 28 April 2016

Solid State — Update 25 February 2016

Solid State — Update 7 February 2016

Solid State — Update 23 November 2015

Solid State — Update 1 November 2015

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IPO apocalypse

ESG, moving beyond the box tick

A new paradigm for space

Geopolitical conflict to drive renewables surge

The emergence of mega-constellations