Trio-Tech wins mass production order for POS components

VAN NUYS, Calif. - Trio-Tech International (NYSE MKT: TRT), a provider of semiconductor and industrial electronics solutions with annual revenue of $38.56 million, has secured a mass production order for electronic components from a long-standing customer in the hospitality industry. The order includes advanced LCD touchscreen displays for a new generation of point-of-sale (POS) systems, the company announced today. According to InvestingPro data, the company maintains a healthy gross profit margin of 25.75%.

Trio-Tech’s components are designed to enhance operational efficiency and speed up transaction processing in businesses such as hotels, restaurants, and supermarkets. According to S.W. Yong, Chairman and CEO of Trio-Tech International, this order reaffirms the company’s reputation as a reliable supplier of high-performance electronic components tailored to customer needs. InvestingPro analysis shows the company has remained profitable over the last twelve months, with EBITDA of $3.28 million, despite a 6.15% revenue decline.

The California-based company, founded in 1958, operates across the United States, Singapore, Malaysia, Thailand, and China. Trio-Tech provides semiconductor testing services, manufacturing solutions, and value-added distribution services, with business segments in semiconductor back-end solutions and industrial electronics. The company maintains strong financial health with a current ratio of 4.54 and operates with a moderate debt level, as revealed by InvestingPro analysis. Unlock 12+ additional exclusive insights and real-time metrics with InvestingPro.

The announcement of this order is a forward-looking statement, which involves risks and uncertainties that could cause actual results to differ materially from those projected. Factors that might influence the company’s performance include market acceptance of its products and services, competition, technological challenges, changes in testing specifications, integration of acquired businesses, international business risks such as currency fluctuations, and broader economic and regulatory conditions.

This news is based on a press release statement and reflects the company’s current expectations regarding future orders and their potential impact on business operations. The information provided does not imply any assumptions about the significance or potential impact of the order on Trio-Tech’s financial performance or market position.

In other recent news, Trio-Tech International reported a decrease in revenue for the second quarter ending December 31, 2024, with total revenue falling to $8.6 million from the previous year’s $12.2 million. Despite the revenue decline, the company noted improvements in shipping dynamic tester systems for Silicon Carbide (SiC) and Gallium Nitride (GaN) power modules, crucial for high-performance power electronics. The gross margin improved slightly to 26% from 23% a year earlier, while operating expenses remained steady at $2.2 million. Trio-Tech reported a minor operational loss of $3,000, contrasting with operational income of $677,000 in the same period last year, but net income attributable to common shareholders remained unchanged at $507,000. Additionally, Trio-Tech announced amendments to its bylaws to facilitate the dematerialization of its securities, replacing physical stock certificates with electronic recording. This move aligns with trends in digital asset management and aims to streamline stock transactions. The changes were approved by the company’s Board of Directors and were detailed in a recent SEC filing. These developments reflect Trio-Tech’s strategic adaptations in the semiconductor testing market and securities management.

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