Here are 1-2 brief analogies for Taitron Components (TAIT):

• Like a miniature Avnet or Arrow Electronics.
• A specialized Grainger for electronic components.

• Discrete Semiconductors: Individual electronic components like diodes, transistors, and MOSFETs used for basic electronic functions.
• Analog & Mixed Signal ICs: Integrated circuits that process analog signals and combine analog and digital functions within a single chip.
• Passive Components: Electronic components such as resistors, capacitors, and inductors that do not generate power and are used to control electric current and voltage.
• Electromechanical Components: Components like connectors, switches, and relays that incorporate both electrical and mechanical parts to facilitate connections and control.

Taitron Components (TAIT) sells primarily to other companies, acting as a global distributor of electronic components and a designer/manufacturer of its own brand of power semiconductors and other discrete components. As such, its major customers are other businesses rather than individuals.

Taitron Components does not publicly disclose the specific names of its major customers in its SEC filings. While its largest customer accounted for 15% of net sales in fiscal year 2022, the identity of this customer, and others, is not revealed.

Based on the company's descriptions of its customer base in its filings, its major customers are manufacturers that fall into the following categories:

• Manufacturers of Consumer Electronics and Computer Peripheral Products
• Manufacturers of Automotive Electronics and Telecommunications Equipment
• Manufacturers of Industrial Equipment and Medical Devices

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Stewart Wang, CEO, Director

Stewart Wang serves as the President, Chief Executive Officer, and a Director of Taitron Components.

David Vanderhorst, CFO; Secretary

David Vanderhorst has been the Chief Financial Officer of Taitron Components since May 2008 and Corporate Secretary since November 2002. He joined the company in July 1999 as its Controller. Prior to Taitron, from 1991 to 1998, Mr. Vanderhorst served as Controller and Chief Financial Officer for various companies. From 1987 to 1991, he was employed by Kenneth Leventhal & Company, a national accounting firm now a division of Ernst & Young, LLP. Mr. Vanderhorst is a Certified Public Accountant, receiving his professional certification in 1991.

Tzu S. Ku, Chairman

Tzu S. Ku is a co-founder of Taitron Components and has served as the Chairman of the Company since its founding in 1989. He also holds the position of Chairman at Johnson Premium Hardwood Flooring, a manufacturer of pre-finished solid wood floors, and Americana Floors Incorporated, an importer, wholesaler, and retailer of name brand hardwood floors.

Richard Chiang, Director

Richard Chiang has been a Director of Taitron Components since it was founded in 1989. Since 1986, he has been the Chairman of Princeton Technology Corporation, a fabless integrated circuit design company. Mr. Chiang is also the Chairman of Triton Management Corporation, a venture capital fund management company overseeing in excess of $80 million.

Craig Miller, Director

Craig Miller became a director of Taitron Components in May 2000. Since 2005, he has served as the Managing Director of Janas Associates, an investment-banking firm. From 1998 to 2005, Mr. Miller was a director of Mosaic Capital, LLC, another investment-banking firm. Before that, he was a Regional Vice President with Comerica Bank starting in 1994. From 1987 to 1994, he held the roles of Executive Vice President and Chief Financial Officer for Told Corporation, an industrial real estate development firm. He began his career in 1976 as a management trainee with Union Bank, where he rose to Senior Vice President by 1987.

Taitron Components (TAIT) is a distributor and supplier of electronic components, including discrete semiconductors, optoelectronic devices, and integrated circuits. The addressable markets for these main product categories are global.

• Discrete Semiconductors: The global discrete semiconductor market size was valued at USD 30.02 billion in 2024 and is projected to reach USD 44.77 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 4.31% during 2025-2033. Another report indicates a market size of USD 33.51 billion in 2025, forecasted to reach USD 40.53 billion by 2030, with a CAGR of 3.88%. The market was also estimated at USD 434.7 billion in 2024 with a potential increase to USD 670.8 billion by 2035. Asia Pacific dominated the global discrete semiconductor market, holding a significant share of 42.0% in 2024.
• Optoelectronic Components: The global optoelectronic components market size was valued at USD 44.84 billion in 2022 and is projected to grow to USD 73.83 billion by 2030, exhibiting a CAGR of 6.7% during the forecast period. Another estimate places the market at USD 46.44 billion in 2024, projected to reach USD 113.8 billion by 2035, at a CAGR of 8.50%. The global optoelectronics market is projected to reach USD 86.5 billion by 2032. Asia Pacific held the largest share of 55.66% in the global optoelectronics market in 2022.
• Integrated Circuits (ICs): The global integrated circuit market size was valued at USD 616.90 billion in 2023. It is projected to grow to USD 1,901.95 billion by 2032, at a CAGR of 13.4% during the forecast period. The digital integrated circuit market alone was more than USD 599.37 billion in 2025 and is anticipated to grow to USD 1.19 trillion by 2035, at a CAGR of more than 7.1%. North America dominated the global integrated circuit market with a share of 44.16% in 2023. The integrated circuits (IC) distribution market, estimated at USD 300 billion in 2025, is projected to reach USD 500 billion by 2033, exhibiting a CAGR of 8% from 2025 to 2033.

Taitron Components (TAIT) is expected to drive future revenue growth over the next two to three years through several key strategies:

1. Growth in Original Design and Manufacturing (ODM) Projects: Taitron Components has strategically shifted its focus to supplying original designed and manufactured (ODM) products to original equipment manufacturers (OEMs) and contract electronic manufacturers (CEMs). Future revenue growth is anticipated from increased demand and successful execution in these ODM projects.
2. Strategic Product Innovations: The company plans to invest in research and development to introduce new and enhanced products. These product innovations are aimed at catering to evolving customer needs and are considered a significant potential driver of future revenue.
3. Market Expansions: Taitron Components intends to target emerging markets and expand its presence in existing markets to capture a larger customer base. This geographical and market segment expansion is expected to contribute to revenue growth.
4. Enhanced Customer Engagement: Strategic investments in customer engagement are a priority for Taitron Components to enhance its market positioning. By strengthening relationships with customers, particularly OEMs and CEMs, the company aims to foster loyalty and increase sales of its ODM products.

Share Repurchases

• As of December 31, 2024, Taitron Components had no active share repurchase programs or authorizations for future share repurchases in place.

Share Issuance

• There were no shares of preferred stock issued or outstanding as of December 31, 2024. As of December 31, 2024 and 2023, 5,258,568 shares of Class A common stock were issued and outstanding.
• As of April 30, 2025, 5,258,568 shares of Class A common stock were outstanding.

Outbound Investments

• For the nine months ended September 30, 2024, cash flows used for investing activities were $228,000.
• In the quarter ended June 30, 2025, a receivable from a preferred share repurchase with Zowie Technology, previously accounted for as an equity security, was reclassified as a contractual receivable. This receivable has an annual interest rate of 7%.

Capital Expenditures

• Taitron Components anticipates that funds generated from operations, existing cash balances, and short-term investments are expected to be sufficient to cover working capital and capital expenditure requirements for the foreseeable future.
• Capital expenditures have remained relatively stable for Taitron, though a 2023 analysis noted the company was not significantly investing in growth through property, plant, and equipment purchases.