Tue, May 13, 2:27 PM (41 days ago)
**Trio-Tech International (TRT) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $7,384,000 (Q1 2024: $10,398,000), a 29.0% decrease. - **Profit Margins:** Gross margin increased to 26.8% (Q1 2024: 26.0%). - **Net Loss:** $495,000 (Q1 2024: Net Income $70,000). - **Cash Flow:** Operating cash flow was $1,035,000 (Q1 2024: $2,518,000). - **Earnings Changes:** Basic and diluted loss per share was $0.12 (Q1 2024: Earnings $0.02). **Segment Performance:** - **Semiconductor Back-end Solutions (SBS):** Revenue decreased by 29.5% to $5,425,000. - **Industrial Electronics (IE):** Revenue decreased by 27.6% to $1,950,000. **Trends & Uncertainties:** - **Market Downturn:** Weakened demand in China and Singapore due to trade tensions and broader market conditions. - **Supply Chain Issues:** Temporary delays impacting IE segment sales. - **Currency Fluctuations:** Unfavorable foreign exchange movements affecting income. - **Future Operations:** Focus on cost control, operational flexibility, and aligning with demand signals. **Financial Condition:** - **Assets:** Total assets decreased by $2,581,000 to $39,959,000. - **Liabilities:** Total liabilities decreased by $3,731,000 to $7,231,000. - **Cash & Equivalents:** Increased by $985,000 to $11,020,000. **Outlook:** - **Challenges:** Continued trade tensions, supply chain disruptions, and market volatility. - **Opportunities:** Potential benefits from the CHIPS Act and strategic realignment of operations. **Subsequent Events:** - **Share Repurchase:** Authorized up to $1,000,000 for share repurchases over two years. **Risk Factors:** - **Market Risks:** Competitive industry, customer demand variability, and geopolitical uncertainties. - **Operational Risks:** Supply chain challenges, inflationary pressures, and regulatory changes. **Controls & Procedures:** - **Effectiveness:** Disclosure controls and procedures were effective as of March 31, 2025. - **Changes:** No material changes in internal control over financial reporting.