Revenue has contracted significantly to $529.0K in 2025Q3, driving operating margins into negative territory at -35.7% despite maintaining a 61.8% gross margin.
| Metric | TTM | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 | Dec'95 |
|---|
| Sales/Revenue | 3.54M | 4.14M | 6.11M | 8.42M | 8.64M | 6.7M | 6.78M | 8.22M | 7.62M | 6.92M | 5.67M | 5.82M | 6.27M | 7.19M | 6.8M | 7.19M | 5.54M | 7.2M | 7.54M | 9.56M | 8.4M | 9.35M | 9.48M | 13.82M | 16.74M | 32.95M | 29.3M | 30.8M | 33.9M | 30.1M | 35.9M |
| Revenue Growth % | -18.37% | -32.2% | -27.48% | -2.55% | 29.08% | -1.28% | -17.5% | 7.87% | 10.22% | 21.87% | -2.58% | -7.08% | -12.85% | 5.7% | -5.36% | 29.77% | -23.02% | -4.54% | -21.13% | 13.8% | -10.18% | -1.34% | -31.39% | -17.45% | -49.2% | 12.45% | -4.87% | -9.14% | 12.62% | -16.16% | 45.93% |
| Cost of Goods Sold | 1.47M | 2.02M | 2.66M | 4.03M | 4.52M | 3.42M | 3.71M | 4.6M | 4.62M | 7.66M | 3.91M | 4.35M | 4.86M | 5.58M | 4.67M | 4.99M | 4.17M | 5.3M | 6.21M | 6.77M | 6.09M | 6.7M | 6.84M | 9.92M | 12.53M | 22.16M | 20.5M | 21.7M | 23.9M | 20.6M | 23.1M |
| COGS % of Revenue | - | 48.85% | 43.55% | 47.85% | 52.32% | 51% | 54.65% | 56% | 60.64% | 110.82% | 68.95% | 74.62% | 77.55% | 77.61% | 68.61% | 69.44% | 75.36% | 73.59% | 82.32% | 70.78% | 72.5% | 71.65% | 72.14% | 71.82% | 74.89% | 67.25% | 69.97% | 70.45% | 70.5% | 68.44% | 64.35% |
| Gross Profit | 2.08M | 2.12M | 3.45M | 4.39M | 4.12M | 3.28M | 3.08M | 3.62M | 3M | -748K | 1.76M | 1.48M | 1.41M | 1.61M | 2.14M | 2.2M | 1.36M | 1.9M | 1.33M | 2.79M | 2.31M | 2.65M | 2.64M | 3.89M | 4.2M | 10.79M | 8.8M | 9.1M | 10M | 9.5M | 12.8M |
| Gross Margin % | 58.59% | 51.15% | 56.45% | 52.15% | 47.68% | 49% | 45.35% | 44% | 39.36% | -10.82% | 31.05% | 25.38% | 22.45% | 22.39% | 31.39% | 30.56% | 24.64% | 26.41% | 17.68% | 29.22% | 27.5% | 28.35% | 27.86% | 28.18% | 25.11% | 32.75% | 30.03% | 29.55% | 29.5% | 31.56% | 35.65% |
| Gross Profit Growth % | - | -38.57% | -21.51% | 6.6% | 25.6% | 6.66% | -14.98% | 20.6% | 501.07% | -142.45% | 19.22% | 5.05% | -12.61% | -24.63% | -2.78% | 60.95% | -28.2% | 42.61% | -52.27% | 20.91% | -12.86% | 0.38% | -32.18% | -7.33% | -61.06% | 22.63% | -3.3% | -9% | 5.26% | -25.78% | 70.67% |
| Operating Expenses | 3.87M | 2.22M | 2.25M | 2.16M | 2.03M | 2.23M | 2.38M | 2.2M | 2.21M | 2.12M | 2.1M | 2.14M | 2.33M | 2.48M | 2.79M | 2.64M | 2.44M | 2.71M | 2.81M | 2.89M | 2.6M | 2.73M | 3.15M | 4.36M | 5.52M | 7.17M | 6.5M | 5.6M | 5.9M | 5M | 5.6M |
| OpEx % of Revenue | - | 53.66% | 36.8% | 25.62% | 23.48% | 33.26% | 35.06% | 26.75% | 28.98% | 30.72% | 37.03% | 36.68% | 37.19% | 34.5% | 41.05% | 36.74% | 44.06% | 37.68% | 37.29% | 30.26% | 30.92% | 29.25% | 33.28% | 31.52% | 32.99% | 21.77% | 22.18% | 18.18% | 17.4% | 16.61% | 15.6% |
| Selling, General & Admin | 2.19M | 2.22M | 2.25M | 2.16M | 2.03M | 2.23M | 2.38M | 2.2M | 2.21M | 2.12M | 2.1M | 2.14M | 2.33M | 2.48M | 2.79M | 2.64M | 2.44M | 2.71M | 2.81M | 2.89M | 2.6M | 2.59M | 3.15M | 4.36M | 5.52M | 6.67M | 6.1M | 5.3M | 5.6M | 4.9M | 5.4M |
| SG&A % of Revenue | - | 53.66% | 36.8% | 25.62% | 23.48% | 33.26% | 35.06% | 26.75% | 28.98% | 30.72% | 37.03% | 36.68% | 37.19% | 34.5% | 41.05% | 36.74% | 44.06% | 37.68% | 37.29% | 30.26% | 30.92% | 27.67% | 33.28% | 31.52% | 32.99% | 20.24% | 20.82% | 17.21% | 16.52% | 16.28% | 15.04% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 147K | 0 | 0 | 0 | 506K | 400K | 300K | 300K | 100K | 200K |
| Operating Income | -1.79M | -104K | 1.2M | 2.23M | 2.09M | 1.05M | 698K | 1.42M | 791K | -2.87M | -339K | -658K | -924K | -871K | -657K | -444K | -1.08M | -811K | -1.48M | -100K | -289K | -84K | -514K | -461K | -1.32M | 3.62M | 2.3M | 3.5M | 4.1M | 4.5M | 7.2M |
| Operating Margin % | -50.58% | -2.51% | 19.65% | 26.53% | 24.2% | 15.74% | 10.29% | 17.26% | 10.38% | -41.53% | -5.97% | -11.3% | -14.74% | -12.11% | -9.66% | -6.18% | -19.42% | -11.27% | -19.6% | -1.05% | -3.44% | -0.9% | -5.42% | -3.34% | -7.88% | 10.98% | 7.85% | 11.36% | 12.09% | 14.95% | 20.06% |
| Operating Income Growth % | - | -108.67% | -46.31% | 6.84% | 98.48% | 51% | -50.81% | 79.39% | 127.54% | -747.2% | 48.48% | 28.79% | -6.08% | -32.57% | -47.97% | 58.74% | -32.68% | 45.13% | -1378% | 65.4% | -244.05% | 83.66% | -11.5% | 65.05% | -136.47% | 57.26% | -34.29% | -14.63% | -8.89% | -37.5% | 105.71% |
| EBITDA | -1.59M | 69K | 1.37M | 2.37M | 2.27M | 1.24M | 876K | 1.58M | 994K | -2.7M | -184K | -503K | -736K | -659K | -471K | -217K | -850K | -563K | -1.2M | 134K | -53K | 254K | -88K | 100K | -749K | 4.12M | 2.7M | 3.8M | 4.4M | 4.6M | 7.4M |
| EBITDA Margin % | -44.94% | 1.67% | 22.38% | 28.14% | 26.29% | 18.52% | 12.91% | 19.22% | 13.04% | -39% | -3.24% | -8.64% | -11.74% | -9.16% | -6.92% | -3.02% | -15.34% | -7.82% | -15.89% | 1.4% | -0.63% | 2.72% | -0.93% | 0.72% | -4.48% | 12.51% | 9.21% | 12.34% | 12.98% | 15.28% | 20.61% |
| EBITDA Growth % | -880.88% | -94.95% | -42.32% | 4.31% | 83.23% | 41.55% | -44.56% | 58.95% | 136.86% | -1365.76% | 63.42% | 31.66% | -11.68% | -39.92% | -117.05% | 74.47% | -50.98% | 53.01% | -994.03% | 352.83% | -120.87% | 388.64% | -188% | 113.35% | -118.17% | 52.7% | -28.95% | -13.64% | -4.35% | -37.84% | 105.56% |
| D&A (Non-Cash Add-back) | 200K | 173K | 167K | 135K | 180K | 186K | 178K | 161K | 203K | 175K | 155K | 155K | 188K | 212K | 186K | 227K | 226K | 248K | 280K | 234K | 236K | 338K | 426K | 561K | 570K | 506K | 400K | 300K | 300K | 100K | 200K |
| EBIT | 338K | -104K | 1.2M | 1.83M | 2.4M | 1.36M | 806K | 1.42M | 791K | -3.05M | -339K | -658K | -929K | -871K | -565K | -312K | -1.08M | -811K | -1.48M | -100K | -287K | -84K | -514K | -461K | -1.32M | 3.62M | 2.3M | 3.5M | 4.1M | 4.5M | 7.2M |
| Net Interest Income | 224K | 289K | 221K | 40K | 19K | 37K | 28K | 9K | -38K | -48K | -45K | -53K | -34K | -34K | -65K | -44K | -9K | -1K | 41K | 68K | -12K | -171K | -355K | -454K | -761K | -921K | 0 | -1.1M | 0 | -1M | -100K |
| Interest Income | 224K | 289K | 221K | 40K | 19K | 37K | 28K | 18K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41K | 68K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9K | 38K | 48K | 45K | 53K | 34K | 34K | 65K | 44K | 9K | 1K | 0 | 0 | 12K | 171K | 355K | 454K | 761K | 921K | 0 | 1.1M | 0 | 1M | 100K |
| Other Income/Expense | 1.32M | 1.52M | 1.06M | -409K | 306K | 309K | 108K | -43K | -90K | -226K | -255K | -477K | -39K | 103K | 27K | 88K | 149K | 28K | 73K | 72K | 98K | -131K | 348K | -102K | -326K | -929K | -500K | -1M | -1M | -900K | -100K |
| Pretax Income | -474K | 1.42M | 2.26M | 1.83M | 2.4M | 1.36M | 806K | 1.38M | 701K | -3.1M | -594K | -1.14M | -963K | -768K | -630K | -356K | -927K | -783K | -1.41M | -28K | 191K | -215K | -166K | -563K | -1.65M | 2.69M | 1.8M | 2.5M | 3.1M | 3.6M | 7.1M |
| Pretax Margin % | -13.37% | 34.17% | 36.95% | 21.68% | 27.74% | 20.36% | 11.88% | 16.74% | 9.2% | -44.8% | -10.47% | -19.49% | -15.36% | -10.68% | -9.26% | -4.95% | -16.73% | -10.88% | -18.64% | -0.29% | 2.27% | -2.3% | -1.75% | -4.08% | -9.83% | 8.16% | 6.14% | 8.12% | 9.14% | 11.96% | 19.78% |
| Income Tax | 498K | 513K | 412K | -1.38M | 388K | 4K | 0 | 6K | 5K | 20K | 1K | 3K | 2K | 3K | 3K | 7K | 2K | 3K | 1K | 1K | 14K | 33K | 221K | 117K | -391K | 1.02M | 800K | 1M | 1.2M | 1.4M | 2.8M |
| Effective Tax Rate % | -105.06% | 36.25% | 18.25% | -75.68% | 16.18% | 0.29% | 0% | 0.44% | 0.71% | -0.65% | -0.17% | -0.26% | -0.21% | -0.39% | -0.48% | -1.97% | -0.22% | -0.38% | -0.07% | -3.57% | 7.33% | -15.35% | -133.13% | -20.78% | 23.77% | 38.13% | 44.44% | 40% | 38.71% | 38.89% | 39.44% |
| Net Income | -972K | 902K | 1.84M | 3.21M | 2.01M | 1.36M | 773K | 1.38M | 701K | -3.11M | -587K | -1.13M | -933K | -739K | -613K | -343K | -929K | -786K | -1.41M | -29K | -205K | -248K | -387K | -680K | -1.25M | 1.66M | 1M | 1.5M | 1.9M | 2.2M | 4.3M |
| Net Margin % | -27.42% | 21.78% | 30.21% | 38.09% | 23.26% | 20.3% | 11.4% | 16.76% | 9.2% | -44.99% | -10.35% | -19.35% | -14.89% | -10.28% | -9.01% | -4.77% | -16.77% | -10.92% | -18.65% | -0.3% | -2.44% | -2.65% | -4.08% | -4.92% | -7.49% | 5.05% | 3.41% | 4.87% | 5.6% | 7.31% | 11.98% |
| Net Income Growth % | -172.32% | -51.11% | -42.49% | 59.6% | 47.9% | 75.81% | -43.9% | 96.58% | 122.53% | -429.98% | 47.91% | -20.79% | -26.25% | -20.55% | -78.72% | 63.08% | -18.19% | 44.1% | -4748.28% | 85.85% | 17.34% | 35.92% | 43.09% | 45.77% | -175.41% | 66.3% | -33.33% | -21.05% | -13.64% | -48.84% | 138.89% |
| Net Income (Continuing) | -972K | 902K | 1.84M | 3.21M | 2.01M | 1.36M | 806K | 1.37M | 696K | -3.12M | -595K | -1.14M | -965K | -771K | -633K | -363K | -961K | -786K | -1.41M | -29K | -205K | -248K | -387K | -680K | -1.25M | 1.66M | 1M | 1.5M | 1.9M | 2.2M | 4.3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 100K | 96K | 100K | 104K | 104K | 110K | 119K | 150K | 182K | 203K | 219K | 251K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.16 | 0.17 | 0.31 | 0.53 | 0.34 | 0.23 | 0.10 | 0.24 | 0.12 | -0.56 | -0.11 | -0.20 | -0.17 | -0.13 | -0.11 | -0.06 | -0.17 | -0.14 | -0.25 | -0.01 | -0.04 | -0.05 | -0.07 | -0.12 | -0.22 | 0.28 | 0.17 | 0.24 | 0.27 | 0.31 | 0.76 |
| EPS Growth % | -172.56% | -45.16% | -41.51% | 55.88% | 47.83% | 130% | -58.33% | 100% | 121.43% | -409.09% | 45% | -17.65% | -30.77% | -18.18% | -77.71% | 63.59% | -21.43% | 44% | - | 85.87% | 17.4% | 33.63% | 43% | 45.45% | -178.57% | 64.71% | -29.17% | -11.11% | -12.9% | -59.21% | 85.37% |
| EPS (Basic) | - | 0.17 | 0.31 | 0.54 | 0.34 | 0.23 | 0.11 | 0.25 | 0.13 | -0.56 | -0.11 | -0.20 | -0.17 | -0.13 | -0.11 | -0.06 | -0.17 | -0.14 | -0.25 | -0.01 | -0.04 | -0.05 | -0.07 | -0.12 | -0.22 | 0.29 | 0.17 | 0.24 | 0.28 | 0.31 | 0.76 |
| Diluted Shares Outstanding | 6.02M | 5.26M | 6.03M | 6.04M | 5.92M | 5.85M | 5.84M | 5.71M | 5.64M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.53M | 5.48M | 5.46M | 5.46M | 5.66M | 5.7M | 5.68M | 5.92M | 6.05M | 6.29M | 6.73M | 6.94M | 5.67M |
| Basic Shares Outstanding | 6.02M | 5.26M | 6.01M | 6M | 5.84M | 5.8M | 5.72M | 5.6M | 5.55M | 5.54M | 5.34M | 5.54M | 5.49M | 5.54M | 5.54M | 5.54M | 5.54M | 5.54M | 5.53M | 5.48M | 5.46M | 5.46M | 5.66M | 5.7M | 5.68M | 5.8M | 6.01M | 6.28M | 6.64M | 6.94M | 5.67M |
| Dividend Payout Ratio | - | 133.48% | 65.15% | 53.09% | 48.01% | 61.81% | 92.76% | 42.74% | 79.03% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Severe Revenue Contraction Risk
As indicated by the most recent quarterly data, TAIT experienced a 55.4% year-over-year revenue decline, reflecting a sustained inability to stabilize top-line performance amidst broader semiconductor inventory corrections that have severely hampered the company's transactional distribution model and project-based ODM sales cycles across its core markets.
The consistent double-digit revenue declines suggest that the company's niche market position is failing to provide a buffer against cyclical industry headwinds. Investors should monitor whether this trend represents a permanent loss of market share or merely a temporary pause in project-based demand from its CEM customer base.
Despite significant top-line pressure, Taitron maintained a robust 61.8% gross margin in 2025Q3, which, according to historical financial statements, highlights the company's ability to command premium pricing for its proprietary ODM components even as overall sales volumes continue to deteriorate at an alarming rate.
The stability of these margins suggests that the ODM segment retains genuine value-add characteristics that insulate it from commodity pricing wars. However, the high gross margin is currently insufficient to cover the company's fixed operating costs, indicating that the business model requires a higher revenue threshold to achieve structural profitability.
Based on reported figures, Taitron's operating margin has collapsed into negative territory, reaching -35.7% in 2025Q3, which demonstrates that the company lacks the necessary operating leverage to absorb fixed SG&A expenses when revenue falls below the critical mass required for efficient distribution operations.
The inability to scale SG&A downward in proportion to the revenue decline suggests a rigid cost structure that may be difficult to optimize in the short term. This lack of operating leverage implies that the company is currently burning through its resources to maintain its existing infrastructure and engineering capabilities.
Financial filings reveal a persistent disconnect between operating and net results, where net income is frequently bolstered by non-operating gains, suggesting that the company's reported bottom-line figures may not accurately reflect the underlying health of its core semiconductor distribution and ODM business operations.
Investors should be cautious of relying on net income as a proxy for operational success, as interest income and other non-core items appear to be the primary drivers of profitability in several periods. This reliance on non-operating income warrants further investigation into the sustainability of the company's current earnings profile.
Quick answers to the most common questions about buying TAIT stock.
For fiscal year 2024, Taitron Components Incorporated (TAIT) reported total revenue of $4.1M. This represents a 88.5% decline compared to $35.9M in 1995.
Taitron Components Incorporated (TAIT) is profitable, generating $0.9M in net income for the fiscal year ending 2024 with a net profit margin of 21.8%.
Taitron Components Incorporated (TAIT) reported an operating income of $-0.1M, resulting in an operating profit margin of -2.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Taitron Components Incorporated (TAIT) generated $2.1M in gross profit for the year, representing a gross profit margin of 51.1%. This demonstrates the company's core pricing power and production efficiency.