Trio-Tech Q1 revenue up 49% to $10.2M; EPS $0.23 vs $0.00

TRIO-TECH INTERNATIONAL

2022-Q1 EPS reported $0.23 revenue$10,171,000

Revenue $10.17M, up 49% YoY; manufacturing +36%, testing services +56%, distribution +59%.
Net income $917K ($0.23 diluted) vs net loss of $8K ($0.00) a year ago.
Gross margin improved to 31% from 22%; operating income $970K vs operating loss of $327K.
Shareholders' equity $26.70M ($6.82 per share) vs $26.05M ($6.66) at June 30, 2021.
CEO cites strong backlog and progress on a contract for testing/burn-in of semiconductor components.

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