Tron Inc. Common Stock (TRON)

FairStock Score: 38/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable competitive advantages, honest accounting, and a price that leaves a margin of safety. Tron sells toys and souvenirs to theme parks and venues, a niche I can understand, but the numbers show a very small enterprise. In fiscal 2025, the year ended 2025-12-31, filed revenue was $4.7 million and net income was -$16.8 million. In fiscal 2024, the year ended 2024-12-31, revenue was $4.3 million with a -$4.3 million loss, and in fiscal 2023, the year ended 2023-12-31, revenue was $5.8 million with a -$2.1 million loss. So the historical record is weak and unprofitable. The latest reported quarters are strange: fiscal Q2 2026, the quarter ended 2026-06-30, had revenue $1.6 million and net income $2.9 million; fiscal Q1 2026, the quarter ended 2026-03-31, had revenue $1.2 million and net income $21.6 million. Those profits far exceed revenue, which suggests non-operating items rather than a suddenly powerful toy business. FairStock's price-based calculations at the 2026-10-13 close of $1.22 show a negative P/E of -9.38, a P/B of 2.30, EV/EBITDA of 60.33, and FCF yield of -0.4%. Debt is zero, which is a plus, and Altman Z-Score is 102.61 by FairStock's calculation. But Piotroski is only 3/9, ROCE is -0.64%, and trailing free cash flow is -$2.3 million. The market cap is $578.7 million against $4.7 million of fiscal 2025 revenue, so the price depends on hope, not demonstrated earning power. FairStock tags it a TURNAROUND - loss in latest year after earlier profits - and scores it 38/100. I see speculation, not a margin of safety.

In plain English: Tron makes toys and souvenirs for theme parks and entertainment places. The business has small sales and has mostly lost money in recent years, though some recent quarters show accounting gains that are larger than sales, so the core business looks weak. At $1.22 a share on 2026-10-13, the price looks expensive compared with the company's sales and profits, and the stock has been very jumpy.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer