inTEST Earnings Reports

inTEST achieved record revenue of $36.6 million, representing a 31% year-over-year increase. Operating income surged 87% to $2.1 million, and adjusted EBITDA grew 82% to $4.4 million. Despite a one-time acquisition inventory step-up expense negatively impacting gross margin by 430 basis points, the company continued demonstrating strong financial health.

inTEST Corporation reported a solid third quarter with revenue of $30.3 million, gross margin of 46.3%, and earnings per diluted share of $0.04. The company generated $4.2 million in cash from operations, paid down $5.3 million in debt, and repurchased $1 million in shares.

inTEST Corporation announced a 4% revenue growth for Q2 2024, reaching a record $34.0 million, primarily driven by the acquisition of Alfamation. This offset a significant decline in semiconductor sales. The company is implementing cost reduction measures to address ongoing market challenges.

inTEST Corporation reported Q1 2024 revenue of $29.8 million, a 7% sequential increase driven by the Alfamation acquisition, but a year-over-year decline due to weakness in semiconductor sales. Earnings per diluted share was $0.05, while adjusted earnings per diluted share was $0.10. The company generated $2.1 million in cash from operations and holds a record backlog of $55.5 million.

inTEST Corporation reported its Q4 2023 financial results, with revenue down primarily due to lower sales to the semi market, which was partially offset by increases in the industrial, auto/EV, and defense/aerospace markets. The company generated $4.7 million in cash from operations during the quarter. Fourth quarter orders improved 2% over the prior quarter driven by defense/aerospace and industrial markets.

inTEST Corporation reported a record revenue of $32.7 million for Q3 2023, a 6% increase year-over-year. Earnings per diluted share increased by 4% to $0.24 year-over-year. The company's gross profit margin expanded by 170 basis points compared to the prior-year period.

inTEST Corporation reported record revenue of $32.6 million for Q2 2023, a 10% increase year-over-year. Net earnings grew by 32% year-over-year to $2.8 million, with earnings per diluted share of $0.24, up 20% over the prior-year period. The company updated its full-year revenue guidance to $127 million to $131 million.

inTEST Corporation reported a strong first quarter in 2023, with revenue reaching $31.9 million, a 32.5% increase year-over-year. The company achieved a gross margin of 47.2% and net income of $2.8 million, with adjusted EBITDA margin at 15.1%. Strong demand drove orders of $30.8 million, resulting in a backlog of $45.7 million.

inTEST Corporation announced record fourth quarter revenue of $32.4 million, a 45% increase, and full year 2022 revenue of $116.8 million, a 38% increase. Q4 earnings per diluted share were $0.30, with orders of $31.3 million, up 3% year-over-year.

inTEST Corporation reported record revenue of $30.8 million for the third quarter of 2022, a 46% increase year-over-year. Net income grew by 16% to $2.5 million, with diluted EPS up 15% to $0.23. The company expects 2022 revenue at the higher end of the original range of $110 million to $115 million.

inTEST Corporation reported record revenue of $29.6 million for the second quarter of 2022, a 36% increase year-over-year. The company's success was attributed to the continued execution of its 5-Point Strategy, resulting in better-than-expected results and record orders and backlog.

inTEST Corporation reported a solid first quarter with revenue up 23% year-over-year and 8% sequentially, driven by strong demand and recent acquisitions. The company is maintaining its full-year outlook despite supply chain constraints.

inTEST Corporation reported a strong Q4 2021 with a 50% increase in revenue. The growth was driven by key target markets and acquisitions. The company also issued guidance for 2022, expecting revenue to be in the range of $110 million to $115 million.

inTEST Corporation reported a 46% increase in revenue compared to the prior-year period, reaching $21.1 million, driven by the strength of semiconductor and industrial markets. The company's earnings per diluted share were $0.20, aligning with guidance, and it generated $4.3 million in cash from operations during the quarter.

inTEST reported strong Q2 2021 financial results, with net revenues exceeding guidance, increasing 12% sequentially and 64% year-over-year. GAAP EPS increased to $0.24, and non-GAAP adjusted net earnings per diluted share reached $0.27, at the high-end of guidance.

inTEST reported strong Q1 2021 results with bookings of $25.2 million, revenues of $19.6 million, and GAAP EPS of $0.21. The company saw significant year-over-year and sequential growth, driven by strong demand in the semiconductor market. Gross margin improved to 49%, and the company returned to profitability.

inTEST Corporation reported a strong fourth quarter with bookings increasing 22% sequentially and 58% year-over-year. Net revenues increased 3% sequentially and 9% year-over-year. The company's backlog increased by $5.9 million compared to the end of 2019.

inTEST Corporation reported solid Q3 2020 financial results, with a 9% sequential increase in net revenues to $14.4 million and non-GAAP adjusted net earnings per diluted share increasing to $0.07 from $0.05 in the previous quarter. The company saw improving conditions in most markets and a 4% sequential increase in bookings to $14.4 million.

inTEST Corporation reported Q2 2020 financial results, with net revenues of $13.3 million, an 18% sequential increase, and GAAP earnings per share of $0.02, a sequential increase of $0.13.

inTEST Corporation reported a decrease in net revenues and a net loss for the first quarter of 2020, with net revenues at $11.2 million and a net loss of $1.1 million, or $(0.11) per diluted share. Bookings increased by 24% from the previous quarter, while gross margin decreased to 43%. Operating loss was $(1.4) million.