Trio-Tech was founded in 1958 and is headquartered in Los Angeles, US

Trio-Tech has offices in Los Angeles, Bangkok, Suzhou Shi, Singapore and in 1 other location

Los Angeles, US (HQ)

16139 Wyandotte St

Petaling Jaya, MY

Jalan SS 8/2

Singapore, SG

1008 Toa Payoh N

Singapore, SG

1004 Toa Payoh N

Suzhou Shi, CN

Su Zhou Gong Ye Yuan Qu Xing Wan Xue Xiao

Trio-Tech's revenue was reported to be $34.5 m in FY, 2016

USD

## Net income (Q3, 2017) | 380 k |

## EBIT (Q3, 2017) | 485 k |

## Market capitalization (17-Aug-2017) | 15.5 m |

## Cash (31-Mar-2017) | 4 m |

Trio-Tech's current market capitalization is $15.5 m.

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 33.9 m | 34.5 m | |

## Revenue growth, % | 2% | ||

## Cost of goods sold | 15.2 m | 12.8 m | 11 m |

## Gross profit | 21.1 m | 23.4 m | |

## Gross profit Margin, % | 62% | 68% | |

## R&D expense | 196 k | 182 k | 200 k |

## General and administrative expense | 7.4 m | 6.8 m | 6.4 m |

## Operating expense total | 8.3 m | 7.7 m | 7.3 m |

## EBIT | (2 k) | 1.2 m | 788 k |

## EBIT margin, % | 4% | 2% | |

## Pre tax profit | (102 k) | 1.3 m | |

## Net Income | 824 k | 1.1 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cost of goods sold | 3.2 m | 3.1 m | 3.4 m | ||||||

## R&D expense | 47 k | 47 k | 44 k | 46 k | 51 k | 51 k | 53 k | 52 k | 51 k |

## General and administrative expense | 1.7 m | 1.7 m | 1.7 m | 1.7 m | 1.6 m | 1.6 m | 1.7 m | 1.8 m | 1.7 m |

## Operating expense total | 1.8 m | 1.8 m | 1.8 m | 1.7 m | 1.7 m | 1.7 m | 1.8 m | 1.8 m | 1.7 m |

## EBIT | (134 k) | 328 k | 323 k | 377 k | 278 k | 485 k | |||

## Interest expense | (47 k) | (43 k) | |||||||

## Pre tax profit | 295 k | 179 k | 429 k | 433 k | 487 k | ||||

## Net Income | 215 k | 163 k | 347 k | 362 k | 380 k |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 2.9 m | 3.7 m | 3.8 m |

## Accounts Receivable | 311 k | 389 k | 596 k |

## Inventories | 205 k | 244 k | 264 k |

## Current Assets | 13.3 m | 13.6 m | 15.3 m |

## PP&E | 13.5 m | 12.5 m | 11.3 m |

## Total Assets | 34.6 m | 32 m | 32.2 m |

## Accounts Payable | 3.2 m | 2.8 m | 2.9 m |

## Current Liabilities | 10.7 m | 8.3 m | 8.9 m |

## Non-Current Liabilities | 3 m | 2.5 m | |

## Total Liabilities | 11.3 m | 11.3 m | |

## Additional Paid-in Capital | 3 m | 3.1 m | 3.2 m |

## Total Equity | 20.8 m | 20.7 m | 20.9 m |

## Financial Leverage | 1.7 x | 1.5 x | 1.5 x |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 2.2 m | 2.4 m | 2.4 m | 4 m | 4.4 m | 3.5 m | 4.2 m | 4.3 m | 4 m |

## Accounts Receivable | 413 k | 405 k | 284 k | 351 k | 299 k | 366 k | 354 k | 316 k | 321 k |

## Current Assets | 12.3 m | 12.9 m | 12.8 m | 13.7 m | 14.1 m | 14.8 m | 15 m | 15 m | 15.8 m |

## PP&E | 13.3 m | 12.6 m | 12.2 m | 11.2 m | 10.8 m | 11.3 m | 11 m | 10.3 m | 10.7 m |

## Total Assets | 33.3 m | 32.9 m | 31.7 m | 30.5 m | 30.5 m | 32.1 m | 31.5 m | 30.7 m | 31.5 m |

## Accounts Payable | 3.2 m | 3.3 m | 2.4 m | 3 m | 3 m | 4.1 m | 3.3 m | 3.7 m | 3.4 m |

## Current Liabilities | 9.6 m | 9.5 m | 8.5 m | 8.3 m | 7.9 m | 8.7 m | 8.2 m | 8.5 m | 8.7 m |

## Non-Current Liabilities | 2.9 m | 2.6 m | 2.6 m | 2.5 m | 2.6 m | 2.6 m | 2.3 m | 2.1 m | 2.1 m |

## Additional Paid-in Capital | 3 m | 3.1 m | 3.1 m | 3.1 m | 3.1 m | 3.2 m | 3.2 m | 3.2 m | 3.2 m |

## Total Equity | 20.9 m | 20.7 m | 20.6 m | 19.7 m | 20 m | 20.8 m | 20.9 m | 20.1 m | 20.8 m |

## Financial Leverage | 1.6 x | 1.6 x | 1.5 x | 1.5 x | 1.5 x | 1.5 x | 1.5 x | 1.5 x | 1.5 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | 824 k | 1.1 m | |

## Depreciation and Amortization | 2.2 m | 1.8 m | |

## Accounts Receivable | 311 k | (74 k) | (207 k) |

## Inventories | 205 k | (47 k) | (255 k) |

## Accounts Payable | 3.2 m | ||

## Cash From Operating Activities | 773 k | 96 k | |

## Purchases of PP&E | (2.7 m) | (1.7 m) | |

## Cash From Investing Activities | (1.1 m) | (1.6 m) | |

## Cash From Financing Activities | (1.7 m) | ||

## Interest Paid | 247 k | 204 k | |

## Income Taxes Paid | 31 k | 241 k |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 215 k | 163 k | 347 k | 362 k | 380 k | ||||

## Accounts Receivable | 413 k | 405 k | 284 k | 351 k | 299 k | 366 k | 354 k | 316 k | 321 k |

## Accounts Payable | 3.2 m | 3.3 m | 2.4 m | 3 m | 3 m | 4.1 m | 3.3 m | 3.7 m | 3.4 m |

Y, 2017 | |
---|---|

## Financial Leverage | 1.5 x |

January 10, 2017

One of my favorite things to do is riff on Bay Area real estate and tech — of all kinds, residential, commercial, retail … and Justin Bedecarre has been working with San Francisco founders for almost a decade in the commercial real estate market. He’s now a founder of HelloOffice, a technology-po…