$TRT
The most critical signal is that the executives running day-to-day operations (CEO, COO, CFO) have not sold a single share.Ting Hock Ming and Adelman, who did sell, are both Board Directors—positions that are a step removed from daily management.
<3>The temporary drop in margin was due to sample testing contracts. Once the sampling proves successful and they transition into official full-scale contracts, margins will definitely skyrocket."
$TRT
<1>
According to Trio-Tech's latest Q3 report, revenue more than doubled thanks to booming demand for AI and automotive chip reliability testing.
<2.>Although the profit margin decreased a bit, the massive revenue growth helped recover almost all losses, bringing the company right to the edge of turning a profit.
$TRT
High of 7.6$ in Jan-> 40.7% correction to around 4.5$
Peaked at $21$-> 45% pullback to 11.6$
If 11.6 is the bottom, we should easily see 34 within the next 2 months.
Holding strong. Expecting an even stronger momentum or trigger post-earnings.
$TRT keeps stacking good news, added to vanguard ETFs, got added to four CRSP indexes. Malaysia expansion underway. $7.8M booked for one AI GPU program.
To top all that 40% insider ownership means management trust in what they are promising and the financials back them up.
Q3 dropped: revenue $16.5M, up 124% YoY. Semis testing rev $13.1M alone, up 141%. This is a back-end burn-in shop riding the AI reliability testing wave, and the numbers are confirming the thesis.
The order book: $5.3M in March for burn-in boards on a next-gen AI GPU platform. Then another $2.5M on top. Roughly $7.8M booked for one AI GPU program, shipping over the next 2 to 3 quarters.
Balance sheet stays clean. ~$16.5M cash, minimal debt, and they just closed a ~$10M raise to fund the Malaysia expansion. They are scaling capacity into the demand, not papering over losses.
Now layer on the structural bid: $TRT got added to four CRSP indexes in the March 31 rebalance, now sits in VanGuard ETFs. $VTI and $VB are buying it automatically. And Defiance filed for a 2X long TRT ETF. Passive flows plus a leveraged product on a microcap float is rocket fuel both ways.
On a more speculative note:
The AMD angle: a lot of people are connecting the GPU customer to AMD's Malaysia chip design and engineering buildout. The geography lines up and the timing is tempting. But to be clear, TRT has never named the customer. Every release says "unnamed next-generation AI GPU platform." No confirmation it is AMD as of yet.
What matters to me is that ~40% insider ownership, low dilution history, clean book, real AI orders.
Still at a tiny 120MC, still really volatile. But the setup is one of the cleaner small-cap AI infra stories out there.
Their moat, is that they are ready when the demand far outstrips the supply for their services. In the right place at the right time.
Bullish $TRT
NFA
@JonkooTrades I think they issued warrants at $9.50 recently and might've dumped them immediately. But if it was just simple profit-taking, the price shouldn't have tanked this hard.
@mathlonning I think they issued warrants at $9.50 recently and might've dumped them immediately. But if it was just simple profit-taking, the price shouldn't have tanked this hard.
They are disparaging the company's machines as mere 'ovens' and talking utter nonsense without having a clue what TRT actually does regarding GPUs for AI. The reason for this, of course, is that they are a short seller.