TRT

Shares of Trio-Tech International TRT have lost 43.9% since the company reported its earnings for the quarter ended June 30, 2026. This compares to the S&P 500 Index's 0.3% decline over the same time frame. Over the past month, the stock has plunged 35.8% against the S&P 500's 0.03% rise. For the fourth quarter of fiscal 2026, Trio-Tech reported revenues of $14.9 million, up 39.9% from $10.7 million in the year-ago quarter. Semiconductor Back-end Solutions (SBS) revenues surged 84.7% to $12.1 million from $6.6 million, while Industrial Electronics (IE) revenues declined 31.8% to $2.8 million from $4.1 million. TRT posted a net loss attributable to common shareholders of $199,000, against net income of $183,000 a year earlier. Loss per basic and diluted share was approximately 2 cents against split-adjusted earnings of 2 cents per share in the prior-year quarter. For fiscal 2026, Trio-Tech's revenues increased 71.6% to $62.6 million from $36.5 million in fiscal 2025. SBS revenues nearly doubled, rising 98.6% to $49 million, while IE revenues increased 15.3% to $13.6 million. Gross profit increased 13.9% to $10.4 million, though gross margin contracted to 16.6% from 25.1%. TRT posted an operating loss of $204,000 against operating income of $254,000 a year earlier, while net loss attributable to common shareholders narrowed to $34,000 from $41,000. Fourth-quarter fiscal 2026 gross profit increased 5.7% to $2.8 million from $2.6 million a year earlier, but gross margin contracted to 19% from 25%. Operating expenses rose 40.9% to $3 million from $2.2 million, contributing to an operating loss of $266,000 against operating income of $467,000 in the prior-year period. Other income was $9,000 against other expense of $315,000 in the comparable period. Trio-Tech exited fiscal 2026 with a backlog of $24.2 million compared with $11 million reported a year earlier. SBS accounted for $19.8 million of the backlog and IE for $4.4 million. Net cash provided by operating activities increased to $3.4 million in fiscal 2026 from $0.4 million, while cash, cash equivalents, short-term deposits and restricted term deposits totaled approximately $28.5 million compared with $19.5 million as of June 30, 2025. Trio-Tech International price-consensus-eps-surprise-chart | Trio-Tech International Quote Chairman and CEO S.W. Yong said that fiscal 2026 benefited from strong demand for semiconductor reliability testing, including AI-related chip testing, as customers expanded advanced-computing programs and diversified testing activity across Southeast Asia. Management also highlighted TRT's expansion beyond AI into automotive semiconductor applications. A recently announced three-year production burn-in contract with a new global IDM customer represents Trio-Tech's second EV semiconductor production burn-in customer. The company also pointed to its expanded Malaysian capacity as an important part of its growth strategy. Trio-Tech added approximately 104,000 square feet of space in Perai, Penang, to support rising demand from a North American customer. The sharp increase in SBS revenues was the principal driver of Trio-Tech's top-line growth. For fiscal 2026, SBS revenues increased 98.6% to $49 million, supported by stronger AI and automotive semiconductor testing demand, while IE revenues rose 15.3% to $13.6 million. However, the stronger revenue performance did not translate proportionately into profitability. Overall gross margin for the year fell to 16.6% from 25.1%, while higher general and administrative and selling expenses also weighed on operating results. General and administrative expenses increased 18.8% and selling expenses rose 17.9%. TRT also reported increased customer concentration. Its three largest customers accounted for about 57.6% of fiscal 2026 revenues compared with 41% in fiscal 2025, with one major U.S.-based SBS customer accounting for 38.7% of consolidated revenues. The increase was primarily linked to new service business resulting from the customer's geographic sourcing realignment. Trio-Tech expects continued demand for semiconductor back-end testing across AI, high-performance computing and automotive applications. Of previously announced burn-in board orders totaling $14.2 million, about $7.9 million remained to be delivered at fiscal year-end, while the company received an additional order of approximately $1.5 million in the first quarter of fiscal 2027. TRT also expects production volumes at its expanded Malaysian facility to increase progressively beginning in the second quarter of fiscal 2027. IE entered the new fiscal year with first-quarter bookings of approximately $4.6 million, and management anticipates year-over-year growth in the segment while pursuing opportunities in data centers and industrial energy-efficiency applications. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Trio-Tech International (TRT): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Fiscal Year-End Backlog More Than Doubles to $24.2 Million; Expanded Capacity Supports Fiscal 2027 Growth SINGAPORE & VAN NUYS, Calif., September 24, 2026--(BUSINESS WIRE)--Trio-Tech International (NASDAQ: TRT), a comprehensive provider of semiconductor back-end solutions and a global value-added supplier of electronic equipment, today announced financial results for its fourth quarter and fiscal year ended June 30, 2026. Trio-Tech International Chairman and CEO S.W. Yong's Comments: "Fiscal 2026 marked a significant step forward for Trio-Tech, with total revenue up 72% to $62.6 million and Semiconductor Back-End Solutions revenue nearly doubling to $49 million. Strong demand for semiconductor reliability testing services, including AI-related chip testing, drove growth as customers expanded advanced computing programs and diversified testing activity across Southeast Asia. "We exited fiscal 2026 with a total backlog of $24.2 million, more than double the $11.0 million at the end of fiscal 2025, providing a strong foundation as we enter fiscal 2027. We are also seeing our semiconductor growth opportunity broaden beyond AI. Our recently announced three-year production burn-in contract with a new global IDM customer represents our second EV semiconductor production burn-in customer and further validates our capabilities in demanding automotive semiconductor applications. "With a strong balance sheet, significantly expanded capacity in Malaysia, and growing opportunities across AI, high-performance computing, EV and autonomous-vehicle semiconductors, and Industrial Electronics, we believe we are well positioned for continued growth in fiscal 2027 and beyond." Fiscal 2026 Fourth Quarter Financial Results - Total revenue was $14.9 million, an increase of approximately 40% from $10.7 million in Q4 fiscal 2025. - SBS revenue was $12.1 million, an increase of approximately 85% from $6.6 million in the prior-year quarter. - IE revenue was $2.8 million, compared with $4.1 million in the prior-year quarter. - Gross profit was $2.8 million, or 19% of revenue, compared with $2.6 million, or 25% of revenue, in the prior-year quarter. - Total operating expense was $3.0 million, compared with $2.2 million a year ago. - Operating loss was $266,000, compared with operating income of $467,000 in Q4 fiscal 2025. - Other income was $9,000, compared with other expense of $315,000 in the prior year quarter. - Net loss attributable to Trio-Tech common shareholders was $199,000, compared with net income of $183,000 a year ago. - Net loss per basic share and diluted share was approximately $0.02, compared with split-adjusted net income of approximately $0.02 per basic and diluted share in the prior-year quarter. Fiscal 2026 Financial Results - Total revenue increased 72% to $62.6 million, compared with $36.5 million in fiscal 2025. - SBS revenue increased 99% to $49.0 million, compared with $24.7 million in fiscal 2025. - IE revenue increased 15% to $13.6 million, compared to $11.8 million in fiscal 2025. - Gross profit was $10.4 million, or 17% of revenue, compared with $9.1 million, or 25% of revenue, in fiscal 2025. - Total operating expense was $10.6 million, compared with $8.9 million in fiscal 2025. - Operating loss was $204,000, compared with operating income of $254,000 in fiscal 2025. The year-over-year change primarily reflected higher general and administrative expenses associated with increased corporate activity, including the stock split and investor relations and communications initiatives, as well as higher stock-based compensation expense related to the appreciation in the Company's share price. - Other income was $593,000, compared with other expense of $81,000 in fiscal 2025. - Net loss attributable to Trio-Tech common shareholders was $34,000, compared with a net loss of $41,000 in fiscal 2025. - Net loss per basic and diluted share was $0.00, consistent with fiscal 2025. - Total backlog was $24.2 million at June 30, 2026, compared with $11.0 million a year earlier. SBS backlog was approximately $19.8 million and IE backlog was approximately $4.4 million. - Net cash provided by operating activities increased to $3.4 million from $0.4 million in fiscal 2025. - Cash, cash equivalents, short-term deposits and restricted term deposits totaled approximately $28.5 million, compared with approximately $19.5 million at June 30, 2025. Outlook Trio-Tech enters fiscal 2027 with continued demand for semiconductor back-end testing services across AI, high-performance computing and automotive applications, including EV and autonomous-vehicle semiconductors. During fiscal 2026, the Company delivered approximately $6.3 million of the previously announced $14.2 million in burn-in board-related orders, with approximately $7.9 million remaining to be delivered. During the first quarter of fiscal 2027, the Company received an additional purchase order of approximately $1.5 million. This order activity provides increased visibility into demand for the Company's semiconductor back-end solutions entering fiscal 2027. The Company also recently announced a three-year production burn-in contract with its second European EV semiconductor customer, with minimum billings of approximately $4.7 million over the term and potential to scale to $6 million, further expanding its presence in automotive semiconductor reliability testing and providing additional multiyear revenue visibility. The Company's expanded Malaysian footprint, including approximately 104,000 square feet of additional space in Perai, Penang, provides significant additional capacity to meet growing demand from its North American customer. Trio-Tech anticipates a progressive increase in production volumes beginning in the second quarter of fiscal 2027 as it completes the phased installation of system-level and electrical test capabilities in the expanded facility. Industrial Electronics also enters fiscal 2027 with encouraging activity. First-quarter bookings to date total approximately $4.6 million, reflecting demand across aerospace, display solutions, and other industrial markets. The Company anticipates year-over-year growth in its IE operations and is pursuing opportunities in new markets, including data center and industrial energy efficiency applications. For example, Trio-Tech is introducing an equipment solution designed to improve the efficiency of cooling towers used in data centers, semiconductor manufacturing facilities, power plants, and other industrial applications, while reducing water and energy consumption and environmental waste. Trio-Tech remains focused on providing high-quality solutions to its global customer base through operational discipline, demand-driven capital investment and maintaining a strong liquidity position, while continuing to expand its capabilities to support long-term growth and profitability. About Trio-Tech International Trio-Tech International (NASDAQ: TRT) is a California-based company operating in the United States, Singapore, Malaysia, Thailand, and China. Founded in 1958, Trio-Tech is a leading provider of semiconductor testing services, manufacturing solutions, and value-added distribution services. The Company's diversified business segments include semiconductor back-end solutions and industrial electronics. For more information, visit www.triotech.com and www.universalfareast.com. Forward Looking Statements This press release contains statements that are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and assumptions regarding future activities and results of operations. In light of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the following factors, among others, could cause actual results to differ materially from those reflected in any forward looking statements made by or on behalf of the Company: market acceptance of Company products and services; the divestiture of one or more business segments in response to, among other factors, changing business conditions or technologies and volatility in the semiconductor industry, which could affect demand for the Company's products and services; the impact of competition; problems with technology; product development schedules; delivery schedules; changes in military or commercial testing specifications which could affect the market for the Company's products and services; difficulties in profitably integrating acquired businesses, if any, into the Company; risks associated with conducting business internationally and especially in Asia, including currency fluctuations and devaluation, currency restrictions, imposition of tariffs, local laws and restrictions and possible social, political and economic instability; changes in U.S. and global financial and equity markets, including market disruptions and significant interest rate fluctuations; trade tension between U.S. and China and other economic, financial and regulatory factors beyond the Company's control. Other than statements of historical fact, all statements made in this release are forward looking, including, but not limited to, statements regarding industry prospects, future results of operations or financial position, and statements of our intent, belief and current expectations about our strategic direction, prospective and future financial results and condition. In some cases, you can identify forward looking statements by the use of terminology such as "may," "will," "expects," "plans," "anticipates," "estimates," "potential," "believes," "can impact," "continue," or the negative thereof or other comparable terminology. Forward looking statements involve risks and uncertainties that are inherently difficult to predict, which could cause actual outcomes and results to differ materially from our expectations, forecasts and assumptions. Many of these risks and uncertainties are beyond the Company's control. Reference is made to the discussion of risk factors detailed in the Company's filings with the Securities and Exchange Commission including its reports on Form 10-K and 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. TRIO-TECH INTERNATIONAL AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) / INCOME(IN THOUSANDS, EXCEPT EARNINGS PER SHARE) | | | | | | | | Three Months EndedJune 30, | | | Twelve Months EndedJune 30, | | | 2026 | | | 2025 | | | 2026 | | | 2025 | Revenue | | | | | | | | | | | | | | | | Semiconductor Back-end Solutions | | $ | 12,130 | | | $ | 6,569 | | | $ | 49,018 | | | $ | 24,682 | Industrial Electronics | | | 2,792 | | | | 4,091 | | | | 13,554 | | | | 11,756 | Others | | | 9 | | | | 11 | | | | 33 | | | | 35 | | | | 14,931 | | | | 10,671 | | | | 62,605 | | | | 36,473 | | | | | | | | | | | | | | | | | Cost of Sales | | | 12,152 | | | | 8,043 | | | | 52,188 | | | | 27,329 | | | | | | | | | | | | | | | | | Gross Margin | | | 2,779 | | | | 2,628 | | | | 10,417 | | | | 9,144 | | | | | | | | | | | | | | | | | Operating Expense: | | | | | | | | | | | | | | | | General and administrative | | | 2,733 | | | | 1,894 | | | | 9,377 | | | | 7,890 | Selling | | | 214 | | | | 176 | | | | 847 | | | | 718 | Research and development | | | 98 | | | | 92 | | | | 397 | | | | 384 | Gain on disposal of property, plant and equipment | | | - | | | | (1 | ) | | | - | | | | (102 | ) Total operating expense | | | 3,045 | | | | 2,161 | | | | 10,621 | | | | 8,890 | | | | | | | | | | | | | | | | | (Loss) / Income from Operations | | | (266 | ) | | | 467 | | | | (204 | ) | | | 254 | | | | | | | | | | | | | | | | | Other Income / (Expense) | | | | | | | | | | | | | | | | Interest expense | | | (24 | ) | | | (9 | ) | | | (65 | ) | | | (45 | ) Other income / (expense), net | | | 31 | | | | (358 | ) | | | 641 | | | | (181 | ) Government grant | | | 2 | | | | 52 | | | | 17 | | | | 145 | Total other income / (expense) | | | 9 | | | | (315 | ) | | | 593 | | | | (81 | ) | | | | | | | | | | | | | | | | (Loss) / Income from Continuing Operations before Income Taxes | | | (257 | ) | | | 152 | | | | 389 | | | | 173 | | | | | | | | | | | | | | | | | Income Tax Benefits / (Expense) | | | 59 | | | | 28 | | | | (228 | ) | | | (168 | ) | | | | | | | | | | | | | | | | (Loss) / Income from Continuing Operations before Non-controlling Interest, Net of Taxes | | | (198 | ) | | | 180 | | | | 161 | | | | 5 | | | | | | | | | | | | | | | | | Discontinued Operations | | | | | | | | | | | | | | | | (Loss) / Income from discontinued operations, net of tax | | | (2 | ) | | | (10 | ) | | | 58 | | | | (5 | ) Net (Loss) / Income | | | (200 | ) | | | 170 | | | | 219 | | | | - | | | | | | | | | | | | | | | | | Less: Net (loss) / income attributable to non-controlling interest | | | (1 | ) | | | (13 | ) | | | 253 | | | | 41 | Net (Loss) / Income Attributable to Common Shareholders | | $ | (199 | ) | | $ | 183 | | | $ | (34 | ) | | $ | (41 | ) | | | | | | | | | | | | | | | | Amounts Attributable to Common Shareholders: | | | | | | | | | | | | | | | | (Loss) / Income from continuing operations, net of tax | | | (197 | ) | | | 191 | | | | (65 | ) | | | (36 | ) (Loss) / Income from discontinued operations, net of tax | | | (2 | ) | | | (8 | ) | | | 31 | | | | (5 | ) Net (Loss) / Income Attributable to Common Shareholders | | $ | (199 | ) | | $ | 183 | | | $ | (34 | ) | | $ | (41 | ) | | | | | | | | | | | | | | | | Basic (Loss) / Earnings per Share: | | | | | | | | | | | | | | | | Basic (loss) / earnings per share from continuing operations | | $ | (0.02 | ) | | $ | 0.02 | | | $ | (0.00 | ) | | $ | (0.00 | ) Basic (loss) / earnings from discontinued operations | | | - | | | | - | | | | - | | | | - | Basic (Loss) / Earnings per Share from Net (Loss) / Income | | $ | (0.02 | ) | | $ | 0.02 | | | $ | (0.00 | ) | | $ | (0.00 | ) | | | | | | | | | | | | | | | | Diluted (Loss) / Earnings per Share: | | | | | | | | | | | | | | | | Diluted (loss) / earnings per share from continuing operations | | $ | (0.02 | ) | | $ | 0.02 | | | $ | (0.00 | ) | | $ | (0.00 | ) Diluted (loss) / earnings per share from discontinued operations | | | - | | | | - | | | | - | | | | - | Diluted (Loss) / Earnings per Share from Net (Loss) / Income | | $ | (0.02 | ) | | $ | 0.02 | | | $ | (0.00 | ) | | $ | (0.00 | ) | | | | | | | | | | | | | | | | Weighted Average Number of Common Shares Outstanding | | | | | | | | | | | | | | | | Basic | | | 9,878 | | | | 8,626 | | | | 9,009 | | | | 8,542 | Dilutive effect of stock options | | | - | | | | 66 | | | | - | | | | - | Number of Shares Used to Compute Earnings Per Share Diluted | | | 9,878 | | | | 8,692 | | | | 9,009 | | | | 8,542 | | | Three Months EndedJune 30, | | | Twelve Months EndedJune 30, | | | 2026 | | | 2025 | | | 2026 | | | 2025 | Comprehensive (Loss) / Income Attributable to Common Shareholders: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net (loss) / Income | | $ | (200 | ) | | $ | 170 | | | $ | 219 | | | $ | - | Foreign currency translation, net of tax | | | 75 | | | | 1,058 | | | | 449 | | | | 1,800 | Comprehensive (Loss) / Income | | | (125 | ) | | | 1,228 | | | | 668 | | | | 1,800 | Less: comprehensive (loss) / income attributable to non-controlling interest | | | (2 | ) | | | (184 | ) | | | 292 | | | | (21 | ) Comprehensive (Loss) / Income Attributable to Common Shareholders | | $ | (123 | ) | | $ | 1,412 | | | $ | 376 | | | $ | 1,821 | TRIO-TECH INTERNATIONAL AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS(IN THOUSANDS, EXCEPT NUMBER OF SHARES) | | | | | | | | June 30, | | | June 30, | | | 2026 | | | 2025 | ASSETS | | | | | | | | CURRENT ASSETS: | | | | | | | | Cash and cash equivalents | | $ | 21,428 | | | $ | 10,890 | Short-term deposits | | | 4,294 | | | | 5,817 | Short-term investment | | | 368 | | | | - | Trade accounts receivable, less allowance for expected credit losses of $194 and $35, respectively | | | 13,546 | | | | 10,804 | Other receivables | | | 1,056 | | | | 608 | Inventories, less provision for obsolete inventories of $821 and $851, respectively | | | 3,406 | | | | 2,262 | Prepaid expense and other current assets | | | 395 | | | | 384 | Restricted term deposits | | | 819 | | | | 816 | Total current assets | | | 45,312 | | | | 31,581 | NON-CURRENT ASSETS: | | | | | | | | Deferred tax assets | | | 281 | | | | 91 | Investment properties, net | | | 293 | | | | 345 | Property, plant and equipment, net | | | 6,598 | | | | 6,021 | Operating lease right-of-use assets | | | 5,481 | | | | 864 | Other assets | | | 774 | | | | 231 | Restricted term deposits | | | 1,948 | | | | 1,935 | Total non-current assets | | | 15,375 | | | | 9,487 | TOTAL ASSETS | | $ | 60,687 | | | $ | 41,068 | | | | | | | | | LIABILITIES | | | | | | | | CURRENT LIABILITIES: | | | | | | | | Lines of credit | | $ | - | | | $ | 141 | Accounts payable | | | 7,577 | | | | 1,896 | Accrued expense | | | 2,812 | | | | 3,036 | Contract liabilities | | | 200 | | | | 250 | Income taxes payable | | | 213 | | | | 122 | Current portion of bank loans payable | | | 246 | | | | 256 | Current portion of finance leases | | | - | | | | 43 | Current portion of operating leases | | | 2,109 | | | | 540 | Total current liabilities | | | 13,157 | | | | 6,284 | NON-CURRENT LIABILITIES: | | | | | | | | Bank loans payable, net of current portion | | | 199 | | | | 428 | Operating leases, net of current portion | | | 3,356 | | | | 324 | Deferred tax liabilities | | | 22 | | | | 10 | Other non-current liabilities | | | 938 | | | | 31 | Total non-current liabilities | | | 4,515 | | | | 793 | TOTAL LIABILITIES | | $ | 17,672 | | | $ | 7,077 | | | | | | | | | EQUITY | | | | | | | | TRIO-TECH INTERNATIONAL'S SHAREHOLDERS' EQUITY: | | | | | | | | Common stock, no par value, 15,000,000 shares authorized; 10,371,192 and 8,625,610 shares issued outstanding as of June 30, 2026 and 2025, respectively | | $ | 24,878 | | | $ | 13,490 | Paid-in capital | | | 6,548 | | | | 5,979 | Treasury stock, at cost | | | (12 | ) | | | - | Accumulated retained earnings | | | 10,832 | | | | 12,037 | Accumulated other comprehensive income-translation adjustments | | | 2,632 | | | | 2,522 | Total Trio-Tech International shareholders' equity | | | 44,878 | | | | 34,028 | Non-controlling interest | | | (1,863 | ) | | | (37 | ) TOTAL EQUITY | | $ | 43,015 | | | $ | 33,991 | TOTAL LIABILITIES AND EQUITY | | $ | 60,687 | | | $ | 41,068 | View source version on businesswire.com: https://www.businesswire.com/news/home/20260924694318/en/ Contacts For inquiries, please contact: PondelWilkinson Inc. Todd Kehrli or Jim Byers [email protected] [email protected]

VAN NUYS, Calif., May 13, 2025--(BUSINESS WIRE)--Trio-Tech International (NYSE MKT: TRT), a comprehensive provider of semiconductor back-end solutions and a global value-added supplier of electronic equipment, today announced its financial results for the third quarter that ended on March 31, 2025, and that the Company’s Board of Directors has authorized a share repurchase program to repurchase up to $1.0 million of its issued and outstanding common stock over a period of 2 years. Trio-Tech International Chairman and CEO S.W. Yong’s Comments: "We continued to strengthen our balance sheet in the third quarter, even amid revenue softness across both business segments. In our Semiconductor Back-End Solutions (SBS) segment, demand for testing services in China declined due to the broader market pressures and ongoing trade tensions. However, we are seeing encouraging signs of demand shifting to regions like Malaysia and Thailand, where our established operations position us well for future growth as customers seek alternatives for testing solutions. Revenue in our Industrial Electronics (IE) segment was temporarily affected by supply chain delays, which we expect to ease in the coming quarters. We remain confident in the long-term growth potential of the business. During the quarter, IE secured over $1.2 million in follow-on orders for POS components, further validating our role as a trusted provider of high-performance, customized electronic solutions. "While macroeconomic conditions remain uncertain, we are proactively aligning our cost structure and operational capacity to current demand. Our focus remains on preserving financial flexibility and ensuring we are well-positioned to scale efficiently as market conditions improve. At the same time, the share repurchase program announced today reflects the Board’s and management’s confidence in our strategy for long-term profitable growth and cash flow generation and our commitment to delivering long-term value to our shareholders." Fiscal 2025 Third Quarter Financial Results Total revenue was $7.4 million, compared to $10.4 million a year ago. SBS revenue was $5.4 million, compared to $7.7 million a year ago. IE revenue was $2.0 million, compared to $2.7 million a year ago. Gross margin was $2.0 million, or 27% of revenue, compared to $2.7 million, or 26% of revenue a year ago. Total operating expense was $2.3 million, compared to $2.6 million a year ago. Loss from operations was $343,000 for the quarter. This compares to operating income of $59,000 in the same quarter last year. Both the SBS and IE segments operated near break-even levels this quarter, versus a combined operating income of $438,000 in the prior-year period. Other expense was $132,000, mainly due to foreign currency movement, compared to other income of $247,000 a year ago. Net loss attributable to common shareholders was $495,000, compared to income of $70,000 a year ago. Net loss per diluted share was $0.12, compared to net income per diluted share of $0.02 a year ago. Cash and cash equivalents were $11.0 million on March 31, 2025, compared to $10.0 million on June 30, 2024. Fiscal 2025 First Nine Months Financial Results Total revenue was $25.8 million, compared to $32.6 million a year ago. SBS revenue was $18.1 million, compared to $22.8 million a year ago. IE revenue was $7.7 million, compared to $9.8 million a year ago. Gross margin was $6.5 million, or 25% of revenue, compared to $8.1 million, or 25% of revenue a year ago. Total operating expense was $6.7 million, compared to $7.3 million a year ago. Loss from operations amounted to $213,000, primarily reflecting reduced operating income in both the SBS and IE segments, compared to operating income of $735,000 in the same period last year. Other income was $234,000, compared to $392,000 a year ago. Net loss attributable to common shareholders was $224,000, compared to net income of $807,000 a year ago. Net loss per diluted share was $0.05, compared to net income per diluted share of $0.19 a year ago. Net increase in cash, cash equivalents, and restricted cash was $1.1 million. Share Repurchase Program Repurchases under the program may be made through open market transactions, privately negotiated transactions or otherwise in accordance with applicable federal securities laws. The timing, number and purchase price of shares repurchased under the program, if any, will be determined by a Repurchase Committee, comprised of Board members and management. The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any number of shares and there is no assurance that purchases will take place under the program. About Trio-Tech International Trio-Tech International (NYSE MKT: TRT) is a California-based company operating in the United States, Singapore, Malaysia, Thailand, and China. Founded in 1958, Trio-Tech is a leading provider of semiconductor testing services, manufacturing solutions, and value-added distribution services. The company’s diversified business segments include semiconductor back-end solutions and industrial electronics. For more information, visit www.triotech.com and www.universalfareast.com. Forward Looking Statements This press release contains statements that are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and assumptions regarding future activities and results of operations of the Company. In light of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the following factors, among others, could cause actual results to differ materially from those reflected in any forward looking statements made by or on behalf of the Company: market acceptance of Company products and services; the divestiture of one or more business segments in response to, among other factors, changing business conditions or technologies and volatility in the semiconductor industry, which could affect demand for the Company's products and services; the impact of competition; problems with technology; product development schedules; delivery schedules; changes in military or commercial testing specifications which could affect the market for the Company's products and services; difficulties in profitably integrating acquired businesses, if any, into the Company; risks associated with conducting business internationally and especially in Asia, including currency fluctuations and devaluation, currency restrictions, local laws and restrictions and possible social, political and economic instability; changes in U.S. and global financial and equity markets, including market disruptions and significant interest rate fluctuations; trade tension between U.S. and China and other economic, financial and regulatory factors beyond the Company's control. Other than statements of historical fact, all statements made in this release are forward looking, including, but not limited to, statements regarding industry prospects, future results of operations or financial position, and statements of our intent, belief and current expectations about our strategic direction, prospective and future financial results and condition. In some cases, you can identify forward looking statements by the use of terminology such as "may," "will," "expects," "plans," "anticipates," "estimates," "potential," "believes," "can impact," "continue," or the negative thereof or other comparable terminology. Forward looking statements involve risks and uncertainties that are inherently difficult to predict, which could cause actual outcomes and results to differ materially from our expectations, forecasts and assumptions. Many of these risks and uncertainties are beyond the Company's control. Reference is made to the discussion of risk factors detailed in the Company's filings with the Securities and Exchange Commission including its reports on Form 10-K and 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. View source version on businesswire.com: https://www.businesswire.com/news/home/20250513042701/en/ Contacts For inquiries, please contact: PondelWilkinson Inc. Todd Kehrli or Jim Byers [email protected] [email protected]