inTEST Reports 2021 Second Quarter Financial Results

  • Net revenues of $21.8 million exceeded guidance; increased 12% sequentially and 64% year-over-year
  • GAAP earnings per share of $0.24 increased $0.03 sequentially and $0.22 year-over-year
  • Non-GAAP adjusted net earnings per diluted share was $0.27, at the high-end of guidance

MT. LAUREL, N.J., Aug. 06, 2021 (GLOBE NEWSWIRE) -- inTEST Corporation (NYSE American: INTT), a global supplier of innovative test and process solutions for use in manufacturing and testing across a wide range of markets, including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications, today announced financial results for the quarter ended June 30, 2021.

2021 Second Quarter Financial Summary

($ in Millions, Except Per Share Data) Three Months Ended
  6/30/2021 3/31/2021 6/30/2020
Semi Market Bookings (1) $ 16.5     $ 17.2     $ 7.3  
Multimarket Bookings (2)                8.6                    8.0       6.6  
Total Bookings $ 25.1     $ 25.2     $ 13.9  
       
Semi Market Bookings (1) - % of Total Bookings              66 %     68 %     52 %
Multimarket Bookings (2) - % of Total Bookings              34 %     32 %     48 %
       
Semi Market Net Revenues (1) $ 15.7     $ 13.3     $ 6.9  
Multimarket Net Revenues (2)   6.1       6.3       6.4  
Total Net Revenues $ 21.8     $ 19.6     $ 13.3  
       
Semi Market Net Revenues (1) - % of Total Net Revenues              72 %     68 %     52 %
Multimarket Net Revenues (2) - % of Total Net Revenues              28 %     32 %     48 %
       
Gross Margin $ 11.0     $ 9.5     $ 6.1  
Gross Margin              50 %     49 %     46 %
       
Net Earnings (GAAP) $ 2.6     $        2.2     $ 0.2  
Net Earnings per diluted share (GAAP) $ 0.24     $ 0. 21     $ 0.02  
       
Adjusted Net Earnings (Non-GAAP) (3) $ 2.9     $    2.5     $ 0.5  
Adjusted Net Earnings per diluted share (Non-GAAP) (3) $ 0.27     $    0.24     $ 0.05  
       
EBITDA (Non-GAAP) (3) $ 3.5     $ 3.0     $ 0.7  
       
  As of
  6/30/2021 3/31/2021 12/31/2020
Cash and cash equivalents $ 14.6     $ 10.2     $ 10.3  

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