---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-031432"
form_type: "8-K"
ticker: "TRT"
cik: "0000732026"
company_name: "TRIO-TECH INTERNATIONAL"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:53:30.388190+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Trio-Tech Q1 revenue down 17% to $9.97M; net income $230K vs $882K YoY

## Summary
- Revenue of $9.966M, down 17% from $11.939M in Q1 fiscal 2023, driven by lower testing services and manufacturing segment revenue.
- Net income of $230K ($0.05 diluted EPS) compared to $882K ($0.21) in prior year; gross margin fell to 25% from 30%.
- Cash and cash equivalents increased to $8.333M from $7.583M at June 30, 2023; shareholders' equity rose to $29.655M ($7.24 per share).
- Delivered first dynamic power module test system under a previously announced contract; awaiting customer on-site buy off.
- Management cites stabilization in key customer demand but remains cautious; anticipates recovery in distribution sales for fiscal 2024.

## SEC filing metadata
- accession: 0001437749-23-031432
- form_type: 8-K
- ticker: TRT
- cik: 0000732026
- company_name: TRIO-TECH INTERNATIONAL
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/732026/000143774923031432/0001437749-23-031432-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/732026/000143774923031432/trt20231112_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-031432
- JSON: https://secwatch.observer/filing/0001437749-23-031432.json
- Plain text: https://secwatch.observer/filing/0001437749-23-031432.txt

## Key facts
- Earnings Releases
  TRIO-TECH INTERNATIONAL reported first quarter of fiscal 2024 results: revenue $9,966,000, net income $230,000, EPS $0.05 per diluted share.
  - Period: first quarter of fiscal 2024
  - Revenue: $9,966,000
  - Net income: $230,000
  - EPS: $0.05 per diluted share
  - Result: reported results
  source text: Trio-Tech Reports First Quarter Results; Delivers First Dynamic Power Module Test System Van Nuys, CA -- November 13, 2023 – Trio-Tech International (NYSE MKT: TRT) today announced financial results for the first quarter of fiscal 2024. For the three months ended September 30, 2023, revenue decreased by 17% to $9,966,000 from $11,939,000 for the first quarter of fiscal 2023, primarily due to lower revenue in the Company’s testing services and manufacturing segments. Reflecting this decrease, gross margin declined to 25% of revenue compared to 30% of revenue for last year’s first quarter. Net income for the first quarter of fiscal 2024 was $230,000, or $0.05 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/732026/000143774923031432/0001437749-23-031432-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.