Trio-Tech Reports First Quarter Results; Delivers First Dynamic Power Module Test System
Reflecting this decrease, gross margin declined to 25% of revenue compared to 30% of revenue for last year’s first quarter.
- Reflecting this decrease, gross margin declined to 25% of revenue compared to 30% of revenue for last year’s first quarter.
- Net income for the first quarter of fiscal 2024 was $230,000, or $0.05 per diluted share.
- This compares to net income of $882,000, or $0.21 per diluted share, for the first quarter of fiscal 2023.
- There were approximately 4,096,680 common shares outstanding at September 30, 2023 and June 30, 2023.