Trio-Tech Int'l (TRT) Reports Q1 EPS of $0.23
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Trio-Tech First Quarter Net Income Increased to $0.23 per Share Versus $0.00 as Revenue Surged 49%
November 15, 2021 11:30 AM ESTVAN NUYS, Calif.--(BUSINESS WIRE)-- Trio-Tech International (NYSE MKT: TRT) today announced financial results for the first quarter of fiscal 2022.
Total revenue for the three months ended September 30, 2021 increased 49% to $10,171,000 compared to $6,841,000 for the first quarter of fiscal 2021. Manufacturing revenue advanced 36%, testing services revenue increased 56%, and distribution revenue rose 59% compared to the year-earlier period.
Overall gross margin increased to 31% of total revenue compared to 22% for last years first quarter, while operating expenses declined to 22% of revenue from 27%. As a result, operating income increased to $970,000 for this years first... More
