Welcome to our dedicated page for Trio-Tech International news (Ticker: TRT), a resource for investors and traders seeking the latest updates and insights on Trio-Tech International stock.
Trio-Tech International (NASDAQ: TRT) is a distinguished company based in Van Nuys, California, recognized for its extensive contributions to the semiconductor industry. The company specializes in designing, manufacturing, and marketing both front-end and back-end equipment and systems crucial for the testing and production of semiconductors.
With operations spanning across the United States, Singapore, Malaysia, Thailand, and China, Trio-Tech International boasts a global footprint. The company operates through four primary segments:
- Manufacturing: This segment focuses on the production of both front-end and back-end semiconductor test equipment and related peripherals.
- Testing Services: Trio-Tech provides third-party semiconductor testing and burn-in services through its laboratories located in Southeast Asia.
- Equipment Distribution: The company distributes a range of complementary products sourced from Taiwan, Europe, and the United States, offering a comprehensive one-stop service to its customers with additional design consultancy and value-added services.
- Real Estate: This segment involves the investment in real estate properties.
Trio-Tech International's commitment to innovation is reflected in its proprietary products and the advanced solutions it offers to its clients. The company's recent achievements and ongoing projects continue to reinforce its reputation as a key player in the semiconductor industry. Through strategic partnerships and a diversified service portfolio, Trio-Tech maintains a robust financial condition and a promising outlook in the ever-evolving tech landscape.
Trio-Tech International (NYSE MKT: TRT) reported financial results for Q1 FY2025, showing an operating profit of $133,000 compared to a $1,000 loss in Q1 FY2024. Revenue decreased to $9.8 million from $10 million, primarily due to reduced semiconductor services demand. The company reported a net loss of $236,000 ($0.06 per share), largely due to currency exchange losses. Gross margin was 24% compared to 25% last year. Operating expenses decreased 13% to $2.2 million through cost reduction efforts. Cash position stood at $8.9 million, with shareholders' equity increasing to $33.4 million ($7.87 per share).
Trio-Tech International (NYSE MKT: TRT) reported improved financial results for Q4 and fiscal year 2024. Q4 revenue increased 7% to $9,746,000, with a 178% increase in operating income to $358,000. Net income rose to $243,000 ($0.06 per diluted share), up from $162,000 ($0.04 per diluted share) in Q4 2023. For fiscal 2024, total revenue decreased 2% to $42,312,000, but distribution and manufacturing segments saw growth. Net income for fiscal 2024 was $1,050,000 ($0.24 per diluted share), compared to $1,544,000 ($0.37 per diluted share) in 2023. The company's strategy focuses on growing manufacturing and distribution segments, with increased sales efforts and new product introductions. Cash and cash equivalents increased to $10,035,000, and shareholders' equity rose to $31,578,000 ($7.43 per outstanding share).
Trio-Tech International (NYSE MKT: TRT) reported improved financial results for the third quarter of fiscal 2024. Total revenue increased by 6% to $10,398,000, with significant growth in the manufacturing and distribution segments. Net income attributable to Trio-Tech International Common Shareholders for the quarter was $70,000, or $0.02 per diluted share. The company's CEO highlighted higher capital spending, increased backlog, and strong demand in key markets as key contributors to the positive results.
Trio-Tech International (NYSE MKT: TRT) reported a 13% revenue increase to $12.39 million in Q2 of fiscal 2023, up from $10.92 million in the same period last year. The manufacturing segment drove this growth with a 43% increase. Operating income surged 63% to $1.07 million, while net income fell to $507,000 due to a non-cash currency exchange loss of $349,000. For H1, revenue rose 15% to $24.33 million, with net income decreasing to $1.39 million, impacted by similar exchange losses. Shareholders' equity improved to $29.97 million.
Trio-Tech International (NYSE MKT: TRT) reported a 17% increase in revenue for Q1 fiscal 2023, totaling $11,939,000, driven by a 38% rise in testing services. Gross margin improved by 14% but reduced to 30% of revenue due to a lower margin product mix. Net income slightly decreased to $882,000 or $0.21 per diluted share. Shareholders' equity fell to $27,818,000. CEO S.W. Yong expressed optimism due to a strong backlog and a balance sheet with $12,257,000 in cash and deposits.
Trio-Tech International (NYSE MKT: TRT) reported a significant turnaround in its fourth quarter financial results for fiscal 2022, with net income increasing to $0.19 per share compared to a loss of $0.25 per share in the fourth quarter of 2021. The company achieved a 27% revenue gain for the quarter, totaling $11,834,000, driven by a 44% increase in testing services and an 82% rise in distribution revenue. For the fiscal year, total revenue rose 36% to $44.07 million, with gross margin improving to 27% of revenue.
Trio-Tech also reported a record backlog of $17.46 million, marking a 29% increase year-over-year.
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