earnings
confidence high
sentiment positive
materiality 0.75
Trio-Tech Q3 revenue up 37% to $11.1M; nine-month EPS $0.38 vs $0.10; CFO transition
TRIO-TECH INTERNATIONAL
2022-Q3 EPS reported
$0.38
revenue$32,231,000
- Q3 rev $11.1M (+37% YoY); net loss $167k ($0.04) vs net income $178k ($0.04) last yr incl $433k stock comp.
- Nine-month rev $32.2M (+39%); net income $1.6M ($0.38 diluted EPS) vs $0.10 prior yr.
- Distribution rev +147%, testing +26%, manufacturing -1% in Q3.
- CFO Victor Ting retiring July 1; Srinivasan Anitha appointed CFO effective July 1, 2022.
- Tianjin facility temporarily closed Jan under zero-COVID; lost ~$260k rev in Q3.