Trio-Tech Q3 revenue up 6%, net income $70K vs loss a year ago; manufacturing and distribution grow strongly

TRIO-TECH INTERNATIONAL

2024-Q3 EPS reported $0.19 revenue$32,566,000

Q3 revenue $10.4M (+6% YoY); net income $70K ($0.02 diluted) vs net loss $7K a year ago.
Manufacturing segment revenue up 62% to $4.8M; Distribution up 51% to $1.8M; Testing Services down 33% to $3.8M.
Gross margin improved to 26% of revenue from 25%; pre-tax income from continuing ops $306K vs $57K.
Nine-month net income $807K ($0.19 diluted) vs $1.38M ($0.33) year earlier; revenue down 5% to $32.6M.
Book value $7.47 per share; cash and deposits $4.04 per share ($17.0M total).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TRIO-TECH INTERNATIONAL reported the third quarter and first nine months of fiscal 2024 results: revenue $10,398,000, net income $70,000, EPS $0.02 per diluted share.

Period: the third quarter and first nine months of fiscal 2024
Revenue: $10,398,000
Net income: $70,000
EPS: $0.02 per diluted share
Result: reported results

Exact text from the filing

results for the third quarter and first nine months of fiscal 2024. Fiscal 2024 Third Quarter Results For the three months ended March 31, 2024, total revenue increased 6% to $10,398,000 compared to $9,842,000 for same quarter last year. Manufacturing segment revenue increased 62% to $4,813,000, compared to $2,963,000 for the same quarter last year. Distribution

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Source: SEC EDGAR

accession 0001437749-24-016342

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