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Mar 31, 2021
inTEST Q1 2021 Earnings Report
Delivered solid financial results driven by continued semiconductor demand.
Key Takeaways
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.
Bookings increased 43% sequentially and 83% year-over-year, reaching $25.2 million.
Revenues increased 31% sequentially and 74% year-over-year, totaling $19.6 million.
GAAP EPS was reported at $0.21, and non-GAAP adjusted EPS was $0.24.
Gross margin improved to 49%, showing sequential and year-over-year increases.
inTEST
inTEST
Forward Guidance
inTEST expects net revenues for Q2 2021 to be in the range of $20.0 million to $21.0 million, with GAAP net earnings per diluted share ranging from $0.20 to $0.24 and non-GAAP adjusted net earnings per diluted share ranging from $0.23 to $0.27. The company also expects a gross margin between 49% and 51%.
Positive Outlook
- Net revenues are expected to be in the range of $20.0 million to $21.0 million.
- GAAP net earnings per diluted share are projected to be between $0.20 and $0.24.
- Non-GAAP adjusted net earnings per diluted share are expected to range from $0.23 to $0.27.
- Gross margin is anticipated to be between 49% and 51%.