Trio-Tech Q3 revenue down 12% to $9.84M but margin improves; wins $1M EV power module test order

TRIO-TECH INTERNATIONAL

2023-Q3 EPS reported $0.33 revenue$34,171,000

Q3 revenue $9.842M (-12% YoY); testing services revenue +29% to $5.697M.
Net loss narrowed to $7k ($0.00/share) from $167k loss ($0.04) in Q3 prior year.
Gross margin improved to 25% from 22%; operating income $57k vs loss $34k.
Initial $1M order for Dynamic HTOL test system for SiC/GaN EV power modules; delivery within two quarters.
Nine-month net income $1.382M ($0.33/diluted) vs $1.605M ($0.38) prior year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRIO-TECH INTERNATIONAL reported first nine months of fiscal 2023 results: revenue $34,171,000, net income $1,382,000, EPS $0.33 per diluted share.

Period: first nine months of fiscal 2023
Revenue: $34,171,000
Net income: $1,382,000
EPS: $0.33 per diluted share
Result: reported results

Exact text from the filing

● FAX (818) 787-9130 Trio-Tech Reports Third Quarter Results May 15, 2023 Page Two Nine Months Results For the first nine months of fiscal 2023, revenue increased 6% to $34,171,000 compared to $32,231,000 for the first nine months of fiscal 2022, reflecting a 27% increase in testing services revenue to $17,709,000 from $13,983,000, a 14% increase in

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TRIO-TECH INTERNATIONAL reported third quarter of fiscal 2023 results: revenue $9,842,000, net income $7,000, EPS $0.00 per share.

Period: third quarter of fiscal 2023
Revenue: $9,842,000
Net income: $7,000
EPS: $0.00 per share
Result: reported results

Exact text from the filing

and announced its initial contract for its Dynamic HTOL Electric Vehicle Power Module Test System Third Quarter Results Revenue for the third fiscal quarter declined 12% to $9,842,000, compared to $11,138,000 in the same quarter of fiscal 2022. Testing services revenue increased 29% to $5,697,000 from $4,417,000 a year ago, while manufacturing revenue decreased

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Source: SEC EDGAR

accession 0001437749-23-014445

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