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Trio-Tech Reports Fiscal 2025 Third Quarter Financial Results and Announces Share Repurchase Program

1. TRT reported Q3 revenue of $7.4 million, down from $10.4 million. 2. SBS segment revenue decreased due to declining demand in China. 3. Share repurchase program authorized, reflecting management's confidence. 4. IE segment revenue impacted by supply chain delays, expected to improve. 5. Net loss attributable to shareholders was $495,000 compared to prior year's income.

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Why Bearish?

The significant revenue decline and net losses indicate financial struggles. Historical cases show similar performances led to stock declines for other firms.

How important is it?

The article details significant financial results that impact investor perceptions and stock pricing.

Why Short Term?

Immediate financial results will influence investor sentiment, but strategic initiatives could restore confidence eventually.

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VAN NUYS, Calif.--(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.

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