Taitron Company profile
About Taitron Components Inc.
Taitron Components Incorporated is a supplier of original design manufacturer (ODM) products that include value-added engineering and turn-key solutions. The Company is focused on providing original equipment manufacturers (OEMs) and contract electronic manufacturers (CEMs) with ODM products for their multi-year turn-key projects (ODM Projects) and ODM electronic components (ODM Components). Its product offerings range from discrete semiconductors through small electronic devices. The Company's ODM Projects are custom made and are marketed in specific industries such as wild animal feeders, timers for DC motors, public street light controllers, LED modules for swimming pools and water fountain lights, LED headlamps for vacuum cleaners, battery testers, universal remote-control devices and battery chargers. Its Taiwan and China locations provide support for inventory sourcing, purchases and coordinating the manufacture of its ODM Projects and ODM Components.
Financial summary
BRIEF: For the nine months ended 30 September 2021, Taitron Components Inc. revenues increased 34% to $6.4M. Net income increased from $652K to $1.6M. Revenues reflect ODM projects segment increase from $2M to $4.2M, ODM components segment increase of 67% to $2.1M, United States segment increase of 35% to $5.8M, Asia segment increase of 25% to $552K. Net income benefited from Selling, general and administrative expe decrease of 8% to $1.5M (expense).
Equity composition
Common Stock Cl. A $.001 Par, 04/11, 20M auth., 4,777,144 issd. Insiders & Strategic holders own 22.50%. Common StockCl. B, $0.001 Par, 10/10, 763KM., 762,612 issd. Initial Public Offering 4/95, 2,530,000 Cl. A shs. @ $5.25 by D.H. Blair Investment Banking Corp.
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