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Tron Inc.

TRON NASDAQ Categories PDF
Consumer Cyclical · Leisure · United States · Updated May 10, 6:33pm
$2.23
Price
$74.6M
Market Cap
5
Employees
8.78
Beta
Richard A. Miller
CEO
Business Description

Tron Inc. designs, manufactures, and sells toys and souvenirs to theme parks and entertainment venues in the United States, China, Japan, and Europe. The company designs a range of product categories, including figures, plush, accessories, apparel, and homewares. It serves content providers and consumers. The company was formerly known as SRM Entertainment, Inc. and changed its name to Tron Inc. in July 2025. The company is headquartered in Winter Park, Florida.

Business History
Price Overview
Last updated: May 11, 2026 1:57pm (just now)
$2.17
-0.06 (-2.61%)
Day Range
$2.04 – $2.22
52-Week Range
$0.40 – $12.80
50-Day MA
$2.06
200-Day MA
$2.74
Volume
751,074.32
Analyst Price Targets
Low $0.78
Consensus $0.78
High $0.78
(1 analysts)
Share Structure
Outstanding 33,467,329.00
Float 15,324,165.00
Free Float 45.8%
Moderate free float — 45.8% of shares trade freely, ~54.2% held by insiders/institutions
Reasonable but insiders still hold a significant stake. This can be positive (skin in the game) but may limit liquidity during sell-offs.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
109.16
Stock Price: $2.23
EPS (Diluted): -0.16
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
0.61
Stock Price: $2.23
Total Equity: $210.32M
Shares: 102,635,573
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-28.51
Market Cap: $74.63M
Total Debt: $220,206
Cash: $10.46M
EBITDA: -$2.18M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$117.5M
Market Cap: $74.63M
Total Debt: $220,206
Cash: $10.46M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
25.3%
Gross Profit: $1.20M
Revenue: $4.74M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-53.1%
Operating Income: -$2.52M
Revenue: $4.74M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-354.6%
Net Income: -$16.81M
Revenue: $4.74M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
2.7%
Net Income: -$16.81M
Total Equity: $210.32M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-0.8%
Operating Income: -$2.52M
Tax Rate: 0.0%
Equity: $210.32M
Total Debt: $220,206
Cash: $10.46M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
19.01
Current Assets: $12.41M
Current Liabilities: $652,748
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.00
Short-Term Debt: $220,206
Long-Term Debt: $0.00
Total Debt: $220,206
Total Equity: $210.32M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$0.05
Revenue: $4.74M
Shares: 102,635,573
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$2.05
Total Equity: $210.32M
Shares: 102,635,573
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-0.01
Operating CF: -$1.44M
CapEx: -$68,819
Shares: 102,635,573
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $2.23
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$16.81M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares TRON against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $2.7M $6.1M $5.8M $4.3M $4.7M
Cost of Revenue $2.1M $4.8M $4.4M $3.5M $3.5M
Gross Profit $555,432 $1.2M $1.3M $855,231 $1.2M
Operating Expenses $585,147 $872,914 $3.4M $5.2M $3.7M
Operating Income $-29,715 $357,985 -$2.0M -$4.3M -$2.5M
Net Income $-29,061 $328,701 -$2.1M -$4.3M -$16.8M
EBITDA $0 $361,086 -$2.0M -$4.2M -$2.2M
EPS $-0.02 $0.19 $-0.27 $-0.37 $-0.16
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $515,372 $453,516 $3.0M $1.4M $10.5M
Total Current Assets $1.8M $2.1M $4.5M $3.5M $12.4M
Total Assets $1.8M $2.1M $4.5M $6.3M $211.4M
Current Liabilities $2.1M $599,485 $418,876 $1.0M $652,748
Long-Term Debt $0 $1.5M $0 $0 $0
Total Liabilities $2.1M $2.1M $418,876 $1.0M $1.1M
Total Equity $-331,295 $-2,594 $4.1M $5.3M $210.3M
Retained Earnings $367,262 $695,963 -$1.4M -$5.7M -$22.5M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $452,653 $-29,925 $-766,877 -$2.9M -$1.4M
Capital Expenditure $-7,381 $-4,285 $-42,783 $-273,264 $-68,819
Free Cash Flow $445,272 $-34,210 $-809,660 -$3.1M -$1.5M
Acquisitions (net) $0 $0 $-350,176 $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $0 $-325,000
Net Change in Cash $445,271 $-61,857 $2.5M -$1.6M $9.1M
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +127.9% -5.2% -25.2% +10.0%
Gross Profit Growth +121.6% +7.0% -35.1% +40.0%
Operating Income Growth +1,304.7% -669.0% -112.8% +41.9%
Net Income Growth +1,231.1% -724.8% -111.3% -287.4%
EBITDA Growth — -651.5% -110.4% +48.0%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-04-02 SUN Weike A-Award 200,000,000.00 $0.50 $100.0M
2025-08-27 SUN Weike A-Award 220,000,000.00 $0.50 $110.0M
2025-08-27 SUN Weike M-Exempt 220,000,000.00 $0.50 $110.0M
2026-04-02 SUN Weike M-Exempt 200,000,000.00 $0.50 $100.0M
2025-06-16 YANG Zi 0.00 $0.00 $0
2025-06-16 SUN Weike 220,000,000.00 $0.50 $110.0M
2025-06-16 SUN Weike 200,000,000.00 $0.50 $100.0M
2025-06-16 LIU Zhihong 0.00 $0.00 $0
2025-08-22 Melton Christopher S-Sale 15,000.00 $5.06 $75,900
2025-08-15 Miller Richard A M-Exempt 200,000.00 $0.56 $112,000
2025-08-15 Miller Richard A M-Exempt 135,000.00 $0.56 $75,600
2025-08-15 Miller Richard A M-Exempt 65,000.00 $0.56 $36,400
2025-08-14 Melton Christopher M-Exempt 50,000.00 $0.56 $28,000
2025-08-14 Melton Christopher M-Exempt 46,818.00 $0.56 $26,218
2025-08-15 MCKINNON DOUGLAS O M-Exempt 200,000.00 $0.56 $112,000
2025-08-15 MCKINNON DOUGLAS O M-Exempt 200,000.00 $0.56 $112,000
2025-07-01 MCKINNON DOUGLAS O S-Sale 20,000.00 $6.63 $132,600
2025-07-01 MCKINNON DOUGLAS O S-Sale 22,000.00 $7.65 $168,300
2025-07-01 MCKINNON DOUGLAS O S-Sale 25,000.00 $7.55 $188,750
2025-07-01 MCKINNON DOUGLAS O S-Sale 22,000.00 $7.45 $163,900
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27