Added to YB: 2026-03-19
Pitch date: 2026-02-17
TRT [bullish]
Trio-Tech International
Author Info
No bio for this author
Company Info
Trio-Tech International, together with its subsidiaries, offers manufacturing, testing, and distribution services to the semiconductor industry in the United States, Singapore, Malaysia, Thailand, and China.
Market Cap
$50.3M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.08
P/E
-306.08
EV/Sales
0.72
Sector
Semiconductors and Semiconductor Equipment
Category
growth
TRIO-TECH INTERNATIONAL (Nasdaq: $TRT) Nano Cap Growing Semiconductor Segment Revenues ~113% YoY
TRT: Nano-cap semicon tester w/ Q2 rev +82% YoY to $15.6M, SBS segment +113% YoY driven by AI-related device testing. Gross margin compressed 26%→16% on mix shift to higher-volume final test, but op leverage emerging. Acquiring remaining 50% of Malaysia JV for $3.4M = full earnings capture. Customer concentration risk (top 3 = 70% rev), but 1 new customer = material EPS impact. $19.2M cash vs $0.6M debt; aerospace IE segment provides downside support. Trading 0.8x P/S, 0.5x EV/sales despite structural rev acceleration. Annualized rev could exceed $70M if SBS momentum holds.
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