inTEST Q3 2021 Earnings Report
Key Takeaways
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.
Net revenue increased 46% year-over-year to $21.1 million due to strength in semiconductor and industrial markets.
Multimarket revenue grew 22% sequentially.
Earnings per diluted share of $0.20, in line with guidance.
Generated $4.3 million in cash from operations in the quarter.
inTEST
inTEST
Forward Guidance
inTEST's guidance for the fourth quarter of 2021 includes both GAAP and non-GAAP financial measures. The Company expects fourth quarter 2021 net revenue to be between $21.5 million and $22.5 million.
Positive Outlook
- Net revenue between $21.5 million and $22.5 million.
- Gross margin consistent with prior quarter.
- Net earnings per diluted share (GAAP) between $0.10 and $0.14.
- Adjusted net earnings per diluted share (Non-GAAP) between $0.14 and $0.18.