Welcome to our dedicated page for Trio Tech Int news (Ticker: TRT), a resource for investors and traders seeking the latest updates and insights on Trio Tech Int stock.
Trio-Tech International reports developments tied to semiconductor back-end solutions, reliability testing, manufacturing solutions and value-added electronic-equipment distribution. The company operates through Semiconductor Back-End Solutions and Industrial Electronics, with operations in the United States, Singapore, Malaysia, Thailand and China.
Company news commonly covers quarterly operating results, burn-in boards and burn-in services for AI, EV and automotive semiconductor applications, and industrial electronics demand including aerospace-related products. Updates also include capital actions such as registered direct offerings and the completed two-for-one forward stock split, along with shareholder voting and other public-company matters.
Trio-Tech International (NYSE MKT: TRT) reported robust financial results for Q1 FY2022, with total revenue rising 49% to $10,171,000, up from $6,841,000 a year earlier. Manufacturing revenue grew by 36%, testing services by 56%, and distribution revenue by 59%. Gross margin increased to 31%, while operating expenses decreased to 22%. Operating income surged to $970,000, in contrast to a loss of $327,000 last year. Net income reached $917,000, or $0.23 per diluted share, compared to a net loss of $8,000. Shareholders' equity also rose to $26,704,000.
Trio-Tech International (NYSE MKT: TRT) reported a 30% revenue increase to $9,308,000 in Q4 fiscal 2021, driven by growth in manufacturing (40%) and testing services (36%). However, the fiscal year revenue fell 6% to $32,462,000. A significant one-time non-cash impairment charge of $1,580,000 related to a project in China resulted in a net loss of $996,000 for Q4 and $591,000 for the fiscal year. Despite challenges, backlog grew 45% to $13,503,000, and cash reserves increased 41% to $5,836,000. Gross margins improved, indicating effective cost control.
Trio-Tech International (NYSE MKT: TRT) reported its financial results for Q3 and the first nine months of fiscal 2021. Q3 revenue rose 24% to $3,130,000 driven by increased orders at its Singapore facility, while semiconductor testing services revenue fell 6% to $3,504,000, and distribution revenue dropped 34% to $1,467,000. Overall Q3 revenue decreased 5% to $8,112,000, but gross margin improved to 25%. For the nine months, total revenue decreased 15% to $23,154,000 with net income falling to $405,000. Shareholders' equity increased to $26,921,000.
Trio-Tech International (NYSE MKT: TRT) reported a 9% decline in revenue for Q2 fiscal 2021 to $8,201,000. Manufacturing revenue rose by 17% while semiconductor testing services dropped 8%. Distribution revenue saw a significant 47% decrease. Overall gross margin improved to 23% of revenue. Net income fell to $235,000 from $426,000 year-over-year. For the first half of fiscal 2021, total revenue dropped 20% to $15,042,000, with a net income of $227,000, compared to $699,000 in the previous year.