Trio-Tech International(US:TRT)2026-02-13 14:45Revenue Performance - Trio-Tech reported total revenue of $15.6 million for Q2 FY2026, an 82% increase from $8.6 million in Q2 FY2025[5] - Revenue from Semiconductor Back-End Solutions reached $12.4 million, up 113% from $5.8 million in the prior year quarter, driven by higher testing volumes[9] - Industrial Electronics segment revenue was $3.3 million, reflecting a 17% increase from $2.8 million in the prior year[9] - Revenue for the three months ended December 31, 2025, was $15,649,000, a 81.5% increase from $8,619,000 for the same period in 2024[14] Profitability Metrics - Gross margin for Q2 FY2026 was $2.5 million, or 16% of revenue, compared to $2.2 million, or 26%, in the prior year period[9] - Gross margin for the six months ended December 31, 2025, was $5,084,000, compared to $4,540,000 for the same period in 2024, reflecting a 12% increase[14] - Operating income for Q2 FY2026 was $97 thousand, compared to an operating loss of $3 thousand in Q2 FY2025[9] - Net income attributable to common shareholders was $126 thousand, or $0.01 per diluted share, compared to $507 thousand, or $0.06 per diluted share, in the prior year quarter[9] - Net income attributable to common shareholders for the three months ended December 31, 2025, was $126,000, a decrease of 75.2% from $507,000 for the same period in 2024[14] - Basic earnings per share from continuing operations for the three months ended December 31, 2025, was $0.01, down from $0.06 for the same period in 2024[14] - Comprehensive income attributable to common shareholders for the three months ended December 31, 2025, was $589,000, compared to a loss of $1,263,000 for the same period in 2024[16] Operational Insights - Cash, cash equivalents, and restricted cash totaled $19.2 million as of December 31, 2025, slightly down from $19.5 million at June 30, 2025[9] - Total operating expenses for the six months ended December 31, 2025, were $4,941,000, an increase from $4,410,000 for the same period in 2024[14] - Income from continuing operations before income taxes for the three months ended December 31, 2025, was $312,000, compared to $675,000 for the same period in 2024[14] - The company reported a foreign currency translation gain of $465,000 for the three months ended December 31, 2025[16] - The weighted average number of diluted shares outstanding for the three months ended December 31, 2025, was 9,364,000, an increase from 8,807,000 for the same period in 2024[15] - The company did not report any government grants for the three months ended December 31, 2025, compared to $5,000 for the same period in 2024[14] Future Outlook - Trio-Tech expects continued demand for its semiconductor back-end testing services through fiscal 2026, particularly for advanced and AI-related devices[7] - The company is focused on operational efficiency and disciplined capital allocation to support long-term growth and profitability[7] - Trio-Tech is investing in its capabilities and regional footprint to capitalize on growth opportunities in high-value markets such as AI and electric vehicles[4]