Trigyn Technologies Reports Negative Financial Performance in Q3 2024

Trigyn Technologies, a microcap IT software company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' call by MarketsMOJO.

According to the financial report, Trigyn Techno. has seen a negative performance in the quarter, with a score of -16 compared to 0 in the previous 3 months. However, there are some positive aspects to the company's financials. The cash and cash equivalents for the half-yearly period are at their highest in the last six periods, indicating an improvement in short-term liquidity.

On the other hand, there are some areas that are not working in favor of Trigyn Techno. The net sales for the quarter have fallen by 30.7% compared to the average of the previous four quarters. This indicates a negative trend in near-term sales. Similarly, the profit before tax (PBT) and profit after tax (PAT) have also seen a significant decline, with a decrease of 52.6% and 88.8% respectively. The company's net sales for the quarter are also at their lowest in the last five quarters.

Another concerning aspect is the high non-operating income, which accounts for 69.20% of the PBT. This suggests that the company's income from non-business activities is high, which may not be a sustainable business model. Additionally, the non-operating income for the quarter is at its highest in the last five quarters, which may not be sustainable in the long run.

Overall, Trigyn Technologies has reported a negative financial performance for the quarter ending September 2024. Investors should carefully consider these factors before making any investment decisions.