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Dec 31, 2020
inTEST Q4 2020 Earnings Report
Reported fourth quarter and year-end financial results for 2020.
Key Takeaways
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.
Q4 2020 bookings increased 22% sequentially and 58% year-over-year.
Backlog grew by $5.9 million to $11.5 million at the end of 2020 compared to the end of 2019.
Net revenues increased 3% sequentially and 9% year-over-year.
Company expects to approach record bookings levels for the first quarter of 2021.
inTEST
inTEST
Forward Guidance
inTEST's guidance for the first quarter of 2021 includes net revenues in the range of $18.5 million to $19.5 million, GAAP net earnings per diluted share between $0.18 and $0.22, non-GAAP adjusted net earnings per diluted share between $0.21 and $0.25, and gross margin between 49% and 51%.
Positive Outlook
- Net revenues for Q1 2021 are expected to be in the range of $18.5 million to $19.5 million.
- GAAP net earnings per diluted share for Q1 2021 are expected to range from $0.18 to $0.22.
- Non-GAAP adjusted net earnings per diluted share for Q1 2021 are expected to range from $0.21 to $0.25.
- Gross margin is expected to range from 49% to 51%.
- Company expects to approach record bookings levels for the first quarter of 2021.
Challenges Ahead
- The outlook is based on the Company’s current views with respect to operating and market conditions and customers’ forecasts, which are subject to change.
- Actual results may differ materially as a result of, among other things, the factors described under “Forward-Looking Statements”.
- Impact of the COVID-19 pandemic on the business.
- Changes in the market cycles in the Semi Market or other markets served.
- Changes in business conditions and general economic conditions both domestically and globally.