Filing Flows › Trio-Tech International (TRT) › Q2 FY25
Trio-Tech International (TRT) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 13, 2025
Trio-Tech International (TRT) reported revenue of $8.6M for the second quarter fiscal 2025 (Q2 FY25), -29% from a year earlier and -12% from the quarter before. Operating margin was 0.0%, net earnings $529K (6.1% of revenue).
Trio-Tech International, Q2 FY25: revenue $8.6M (-29% year over year), operating margin 0.0%, net earnings $529K, operating cash flow $2.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.6M | -12% | -29% |
| Operating profit | −$3K | — | — |
| Net earnings | $529K | — | — |
| Operating cash flow | $2.1M | — | +57% |
| Free cash flow | $1.9M | — | +53% |
What changed
Revenue was $8.6M in Q2 FY25, down 29% year over year and down 12% from the previous quarter. Semiconductor Back-end Solutions was the largest line at 67% of revenue. Semiconductor Back-end Solutions lost $2.1M year over year (down 26%), 58% of the total change.
Gross margin was 25.7%, up 2.3 points from a year earlier. Operating costs exceeded revenue by $3K, an operating margin of 0.0%. Operating expenses grew 2% against a revenue fall of 29%. Net earnings were $507K, roughly flat year over year. The effective tax rate was 20.8%. Non-operating items added $671K, 100% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.1M (up 57% year over year), 399% of net income including minority interests. Non-cash charges added back $711K of depreciation and amortization and $54K of share-based compensation. Working capital and other items added $817K. Capital expenditures of $183K left free cash flow of $1.9M.
Questions
What was Trio-Tech International's revenue in the second quarter fiscal 2025?
Trio-Tech International (TRT) reported revenue of $8.6M for the second quarter fiscal 2025 (Q2 FY25), -29% from a year earlier and -12% from the quarter before.
Was Trio-Tech International profitable in the second quarter fiscal 2025?
Operating loss was $3K (0.0% of revenue) and net earnings $529K.