Trio-Tech reports FY2022 net income of $0.57/sh vs loss of $0.15; revenue up 36%

TRIO-TECH INTERNATIONAL

Revenue increased 36% to $44.1M driven by 41% testing services and 103% distribution growth.
Net income of $2.4M ($0.57 diluted EPS) compared to net loss of $591K ($0.15 loss) in FY2021.
Record backlog of $17.5M at June 30, 2022, up 29% YoY on manufacturing and testing gains.
Cash and cash equivalents rose 32% to $7.7M; shareholders' equity $27.9M or $6.85 per share.

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