Trio-Tech International(TRT) - 2025 Q3 - Quarterly Results

Revenue Performance - Total revenue for Q3 2025 was $7.4 million, a decrease of 29% from $10.4 million in Q3 2024[4] - SBS segment revenue was $5.4 million, down 30% from $7.7 million a year ago; IE segment revenue was $2.0 million, down 26% from $2.7 million[4] - Revenue for the three months ended March 31, 2025, was $7,384,000, a decrease of 29% compared to $10,398,000 for the same period in 2024[14] - Total revenue for the nine months ended March 31, 2025, was $25,802,000, a decrease of 21% from $32,566,000 in the same period of 2024[14] Profitability and Loss - Gross margin for Q3 2025 was $2.0 million, or 27% of revenue, compared to $2.7 million, or 26% of revenue in the prior year[4] - Net loss attributable to common shareholders was $495,000, compared to net income of $70,000 in the same quarter last year[8] - Basic loss per share from continuing operations for the three months ended March 31, 2025, was $(0.12), compared to earnings of $0.02 in the same period last year[14] - Comprehensive income attributable to common shareholders for the three months ended March 31, 2025, was $20,000, compared to a loss of $683,000 in the same period of 2024[16] - The company reported a loss from operations of $(343,000) for the three months ended March 31, 2025, compared to income of $59,000 in the same period last year[14] Cost Management - Total operating expenses decreased to $2.3 million from $2.6 million a year ago, indicating cost management efforts[4] - Operating expenses for the nine months ended March 31, 2025, totaled $6,729,000, a decrease of 8% from $7,342,000 in the previous year[14] - Interest expense for the nine months ended March 31, 2025, was $36,000, down from $63,000 in the prior year[14] Financial Position - Cash and cash equivalents increased to $11.0 million as of March 31, 2025, from $10.0 million on June 30, 2024[8] - The company is focusing on preserving financial flexibility and aligning its cost structure with current demand amid uncertain macroeconomic conditions[3] Shareholder Actions - The Board of Directors authorized a share repurchase program to buy back up to $1.0 million of common stock over two years, reflecting confidence in long-term growth[1] Demand Indicators - The company secured over $1.2 million in follow-on orders for POS components during the quarter, indicating strong demand in the IE segment[2] Foreign Currency Impact - The company recognized a foreign currency translation gain of $522,000 for the three months ended March 31, 2025[16]