Jun. 4 at 1:39 PM
$TRT Here's a breakdown of
$TRT to catch those of you up that are new to the story. Still just north of a
$100M market cap company (for now) that is already EBITDA positive, with no debt and ~
$25M of cash, plus a low relative float (insiders own a boatload). They conduct semiconductor testing services (same industry as
$AEHR ).
Revenue has seen a major boost (up 124% YoY for the Q and up 85% YTD) due to expanded semiconductor testing services, as services to
$AMD has exploded. Last month,
$TRT announced a lease for a 104k sq. ft. facility in Malaysia (33% larger than their current largest facility), adding significant capacity for testing services (GPU, CPU, and EV) June 1. This facility is just across the way from the new
$AMD facility, in close proximity to
$IFNNY (another customer), and it is literally across the street from a
$COHR facility (not likely a current customer).
Recent order announcements below. Along with the activity to be expected from the newly leased facility, none of these orders have started to hit the revenue line yet (reminder, they just grew revenue 124% YoY).
March 4:
$2.5M initial production order to provide advanced burn-in services for a leading automotive integrated device manufacturer.
March 17:
$5.3M order for burn-in boards supporting next-generation AI GPU Platform.
May 14: Earnings press release noted that since the March 17 announcement, they have received an additional
$2.5 million in orders, underscoring demand for our burn-in and reliability solutions.
Today:
$2.6M burn-in-board order supporting AI GPU platform.
In my opinion, we are still very early in the story here.
