Tron Inc. (TRON)
Tron Inc. specializes in the creation, production, and distribution of toys and commemorative merchandise, primarily catering to theme parks and entertainment venues across the United States, China, Japan, and Europe. The company's diverse product portfolio encompasses collectible figures, soft toys, various accessories, apparel, and household goods. Its clientele includes both content licensors and individual consumers. Operating out of its headquarters in Winter Park, Florida, the organization was previously known as SRM Entertainment, Inc. before officially adopting the name Tron Inc. in July 2025.
Sector: Finance Services
Industry: Leisure
Tron Inc.
NASDAQ:TRONConsumer Cyclical · Leisure
-4.33%$1.44
AH Close$1.45+1.03%vs close
AH Close$1.45+1.03%vs close
Mkt Cap$680.74M
Float252.38M
O/S474.38M
Inst Own2.3%
SI3.4%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$4.74M
Net Income-$16.81M
Total Assets$211.43M
Free Cash Flow-$1.51M
Debt & Equity
Debt 0%
Equity 100%
Preferred 0%
Total Debt$684K
Total Equity$210.32M
Preferred Stock$10
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:200Reverse splitAug 6, 2020200 shares → 1
Balance Sheet Details
Assets$211.43M
Liabilities$1.12M
Accounts Receivable$672K
Accounts Payable$143K
Inventory$704K
PP&E (Net)$754K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $4.74M | $4.31M | $5.76M | $6.08M | $2.67M | $2.96M | $7.08M |
| YoY Growth | 10.0% | -25.2% | -5.2% | 127.9% | -9.9% | -58.2% | - |
| Cost of Revenue | $3.54M | $3.46M | $4.44M | $4.85M | $2.11M | $2.15M | $5.35M |
| Gross Profit | $1.2M | $855K | $1.32M | $1.23M | $555K | $805K | $1.73M |
| Gross Margin | 25.3% | 19.8% | 22.9% | 20.3% | 20.8% | 27.2% | 24.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $3.72M | $5.19M | $3.35M | $873K | $585K | $1.39M | $1.34M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $2.24M |
| Total Operating Expenses | $3.72M | $5.19M | $3.35M | $873K | $585K | $1.39M | $3.57M |
| Operating Income (EBIT) | -$2.52M | -$4.33M | -$2.04M | $358K | -$30K | -$587K | -$1.84M |
| Operating Margin | -53.1% | -100.5% | -35.4% | 5.9% | -1.1% | -19.8% | -26.0% |
| Interest Expense | $30K | $32K | $56K | $30K | $0 | $0 | $0 |
| Interest Income | $166K | $28K | $39K | $14 | $654 | $0 | $2K |
| Other Income (Expense) | -$14.29M | -$5K | -$17K | -$29K | $654 | $0 | -$2K |
| Income Before Tax (EBT) | -$16.81M | -$4.34M | -$2.05M | $329K | -$29K | -$587K | -$1.84M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | -$3K |
| Net Income | -$16.81M | -$4.34M | -$2.05M | $329K | -$29K | -$587K | -$1.84M |
| Net Income Margin | -354.6% | -100.6% | -35.7% | 5.4% | -1.1% | -19.8% | -26.0% |
| Supplementary Data | |||||||
| EPS | -0.16 | -0.37 | -0.27 | 0.19 | -0.02 | -0.35 | -1.08 |
| Diluted EPS | -0.16 | -0.37 | -0.27 | 0.04 | -0.00 | -0.35 | -1.08 |
| Weighted Average OS | 102.64M | 11.62M | 7.61M | 1.70M | 1.70M | 1.70M | 1.70M |
| EBITDA | -$2.18M | -$4.19M | -$1.99M | $361K | $0 | -$538K | -$1.75M |
| EBITDA Margin | -46.0% | -97.2% | -34.6% | 5.9% | - | -18.2% | -24.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $10.46M | $1.35M | $2.98M | $454K | $515K | $70K | $163K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $43K |
| Cash and Short-Term Investments | $10.46M | $1.35M | $2.98M | $454K | $515K | $70K | $206K |
| Accounts Receivable | $672K | $794K | $707K | $621K | $661K | $242K | $794K |
| Inventory | $704K | $784K | $307K | $290K | $0 | $0 | $27K |
| Other Current Assets | $67K | $440K | $411K | $76K | $27K | $120K | $1.41M |
| Total Current Assets | $12.41M | $3.46M | $4.5M | $2.07M | $1.81M | $454K | $2.43M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $754K | $48K | $45K | $9K | $7K | $0 | $99K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $2.8M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $216.27M | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | -$18M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $199.02M | $2.84M | $45K | $9K | $7K | $0 | $99K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $211.43M | $6.31M | $4.54M | $2.08M | $1.82M | $454K | $2.53M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $143K | $264K | $126K | $379K | $533K | $683K | $1.42M |
| Short-Term Debt | $0 | $500K | $0 | $8K | $1.5M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | -$8K | $0 | $0 | $0 |
| Total Current Liabilities | $653K | $1.02M | $419K | $599K | $2.15M | $756K | $2.8M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $0 | $0 | $1.48M | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $464K | $0 | $0 | $1.48M | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.12M | $1.02M | $419K | $2.08M | $2.15M | $756K | $2.8M |
| Stockholders' Equity | |||||||
| Preferred Stock | $10 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $26K | $2K | $977 | $650 | $0 | $0 | $428K |
| Retained Earnings | -$22.51M | -$5.7M | -$1.36M | $696K | $367K | $396K | -$695K |
| Comprehensive Income & Other | $0 | $791K | $676K | $0 | -$699K | -$699K | $0 |
| Other Stockholders' Equity | $232.8M | $10.99M | $5.48M | -$699K | -$699K | -$699K | $0 |
| Total Equity | $210.32M | $5.29M | $4.12M | -$3K | -$331K | -$302K | -$267K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $211.43M | $6.31M | $4.54M | $2.08M | $1.82M | $454K | $2.53M |
| Supplementary Data | |||||||
| Total Debt | $684K | $500K | $0 | $1.49M | $1.5M | $0 | $0 |
| Net Debt | -$9.77M | -$852K | -$2.98M | $1.04M | $987K | -$70K | -$163K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$16.81M | -$4.34M | -$2.05M | $329K | -$29K | -$587K | -$1.84M |
| Depreciation & Amortization | $337K | $117K | $7K | $2K | $30K | $49K | $97K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $28K | $1.28M | $1.29M | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $122K | -$87K | -$86K | $40K | -$420K | $1.27M | -$119K |
| Inventory | $80K | -$477K | -$17K | -$290K | $0 | $0 | $51K |
| Accounts Payable | -$121K | $138K | -$252K | -$154K | $0 | $0 | $0 |
| Other Working Capital | $32K | -$69K | $273K | $43K | $1.05M | -$147K | -$549K |
| Total Working Capital Change | $113K | -$496K | -$82K | -$361K | $632K | $1.12M | -$617K |
| Other Non-Cash Items | $14.89M | $585K | $74K | $0 | -$180K | -$693K | $2.02M |
| Net Cash from Operating | -$1.44M | -$2.86M | -$767K | -$30K | $453K | -$108K | -$342K |
| Investing Activities | |||||||
| Capital Expenditures | -$69K | -$23K | -$43K | -$4K | -$7K | $0 | $0 |
| Acquisitions | $0 | $0 | -$350K | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$250K | $0 | $0 | $0 | $0 | $982 |
| Net Cash from Investing | -$69K | -$273K | -$393K | -$4K | -$7K | $0 | $982 |
| Financing Activities | |||||||
| Debt Repaid | $500K | $1M | $1.48M | $20K | - | - | $73K |
| Common Stock Issuance | $11.44M | $2.5M | $5.17M | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$325K | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | -$8K | $0 | $0 | -$3K |
| Net Cash from Financing | $10.62M | $1.5M | $3.69M | -$28K | $0 | $0 | -$76K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $9.1M | -$1.63M | $2.53M | -$62K | $445K | -$93K | -$414K |
| Supplementary Data | |||||||
| Operating Cash Flow | -$1.44M | -$2.86M | -$767K | -$30K | $453K | -$108K | -$342K |
| Capital Expenditure | -$69K | -$273K | -$43K | -$4K | -$7K | $0 | $0 |
| Free Cash Flow | -$1.51M | -$3.13M | -$810K | -$34K | $445K | -$108K | -$342K |
| Cash at Beginning | $1.35M | $2.98M | $454K | $515K | $70K | $163K | $577K |
| Cash at End | $10.46M | $1.35M | $2.98M | $454K | $515K | $70K | $163K |