TRT$4.83+6.15%

Trio-Tech International

Sector: Special Industry Machinery, NECIndustry: SemiconductorsCountry: USExchange: Nasdaq

Mkt Cap:$50.44M

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DilutionScan read 39 of TRIO-TECH INTERNATIONAL's SEC filings and found 1 shelf registration and 1 completed offering on file for TRT. The latest dilution event on file is an offering on Apr 27, 2026. Analysis updated Oct 12, 2026.

Signal8 Summary

TRT

Fast-growing micro-cap, margins under pressure

Snapshot

Trio-Tech is a small semiconductor testing company riding an AI and automotive demand wave: fiscal 2026 revenue grew 72% to $62.6M, with backlog more than doubling to $24.2M.

What's Happening Right Now

: Fiscal 2026 revenue jumped 72% to $62.6M on AI chip testing and automotive demand, but gross margin fell to 17% from 25% and the company posted a $204K operating loss and a small quarterly net loss.
: On September 17, 2026, Trio-Tech signed a three-year automotive semiconductor burn-in contract worth at least $4.7M, its second EV-related customer.
: Trio-Tech transferred its listing from NYSE American to the Nasdaq Global Market effective September 16, 2026, a routine venue change management says should broaden institutional awareness.
: On July 28, 2026, Trio-Tech received an additional $3.8M in orders for burn-in boards supporting an AI GPU platform, bringing total bookings on that program to about $14.2M since March.

Raise routes on file: effective shelf · latest dilution event 190 days ago

Overall Risk

Offering Ability

Overhead Supply

Historical

Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Apr 27, 2026 · Offering

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

Shelf · 1

What is this?

Capacity, dates and baby-shelf status with Pro

S-3 shelf registration

Issued 2025

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf

Offerings · 1

What is this?

Proceeds, price, shares and agent with Pro

Registered direct offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent

Know who's about to sell into your TRT trade

Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.