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Solid State ( (GB:SOLI) ) has issued an update.
Solid State plc reported its final results for the year ending March 31, 2025, showing a decline in revenue and profitability due to the timing of major contracts. The company’s revenue fell by 23.4% to £125.1m, and adjusted operating profit dropped by 64.7% to £6.0m, impacted by the pull-forward of revenues into the previous year and a delay in a significant defense contract. Despite these challenges, Solid State remains optimistic about returning to growth in the next financial year, supported by a strong order book and strategic investments in acquisitions and infrastructure. The company secured a $25m communications equipment order and a $5.1m IoT contract, reflecting its resilience and positioning to benefit from structural growth opportunities in key sectors.
Spark’s Take on GB:SOLI Stock
According to Spark, TipRanks’ AI Analyst, GB:SOLI is a Outperform.
Solid State demonstrates strong financial fundamentals with consistent revenue growth, profitability, and efficient cash flow generation, underpinned by a stable balance sheet. Technical indicators suggest cautious optimism with positive momentum, while fair valuation and strategic corporate events, including securing significant orders and expanding production capabilities, enhance its long-term growth potential. These factors position Solid State as a moderately attractive investment in the Hardware, Equipment & Parts industry.
To see Spark’s full report on GB:SOLI stock, click here.
More about Solid State
Solid State plc is a leading value-added electronics group specializing in supplying industrial and defense markets with durable components, assemblies, and manufactured systems for critical applications, particularly in harsh operational environments. The company focuses on industrial and ruggedized computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components & displays. Solid State operates through two divisions, Systems and Components, and serves a wide range of industries including defense, energy production, aerospace, environmental, oceanographic, industrial, robotics, medical, life sciences, and transportation. Headquartered in Redditch, UK, Solid State employs over 400 people globally and operates from 14 national and international sites.
Average Trading Volume: 59,466
Technical Sentiment Signal: Buy
Current Market Cap: £116.2M
For an in-depth examination of SOLI stock, go to TipRanks’ Overview page.