inTEST Reports 2020 Second Quarter Financial Results

  • Net Revenues of $13.3 Million Increased 18% Sequentially and Were 10% Above Consensus Estimates;
  • GAAP Earnings Per Share of $0.02 Increased by $0.13 Sequentially

MT. LAUREL, N.J., Aug. 06, 2020 (GLOBE NEWSWIRE) -- inTEST Corporation (NYSE American: INTT), a global supplier of precision-engineered solutions for use in manufacturing and testing across a wide range of markets, including automotive, defense/aerospace, energy, industrial, semiconductor and telecommunications, today announced financial results for the quarter ended June 30, 2020.

2020 Second Quarter Financial Summary

($ in Millions, Except Per Share Data) Three Months Ended
  6/30/2020 3/31/2020 6/30/2019
Semi Market Bookings (1)$   7.3 $   6.7 $   8.6 
Multimarket Bookings (2)   6.6    7.1    7.3 
Total Bookings$  13.9 $  13.8 $  15.9 
    
Semi Market Bookings (1) - % of Total Bookings   52%   49%   54%
Multimarket Bookings (2) - % of Total Bookings   48%   51%   46%
    
Semi Market Net Revenues (1)$   6.9 $   5.0 $   7.7 
Multimarket Net Revenues (2)    6.4       6.2       6.7  
Total Net Revenues $   13.3   $   11.2   $   14.4  
       
Semi Market Net Revenues (1) - % of Total Net Revenues     52 %     45 %     53 %
Multimarket Net Revenues (2) - % of Total Net Revenues     48 %     55 %     47 %
       
Gross Margin $   6.1   $   4.9   $    6.7  
Gross Margin     46 %     43 %     47 %
       
Net Earnings (Loss) (GAAP) $    0.2   $    (1.1 ) $   (0.2 )
Net Earnings (Loss) per diluted share (GAAP) $    0.02   $   (0.11 ) $   (0.02 )
       
Adjusted Net Earnings (Non-GAAP) (3) $   0.5   $   (0.8 ) $    0.1   
Adjusted Net Earnings per diluted share (Non-GAAP) (3) $   0.05   $   (0.08 ) $   0.01  
       
EBITDA (Non-GAAP) (3) $   0.7   $   (0.9 ) $   0.2  
       
  As of
  6/30/2020 3/31/2020 12/31/2019
Cash and cash equivalents $   7.4   $   7.3   $    7.6  

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