inTEST Reports 2020 Second Quarter Financial Results


Reconciliation of Net Earnings (Loss) (GAAP) to Adjusted Net Earnings (Non-GAAP) and Net Earnings (Loss) Per Share – Diluted (GAAP) to Adjusted Net Earnings Per Share – Diluted (Non-GAAP):

  Three Months Ended  Six Months Ended
  6/30/2020   6/30/2019   3/31/2020   6/30/2020   6/30/2019
          
Net earnings (loss) (GAAP)$170  $(187) $(1,143) $(973) $951 
Acquired intangible amortization 309   315   311   620   632 
Tax adjustments (5)  (3)  (4)  (9)  (8 )
Adjusted net earnings (loss) (Non-GAAP) $ 474     $ 125     $ (836 )   $ (362 )   $ 1,575  
                   
Diluted weighted average shares outstanding   10,259       10,425       10,221       10,237       10,420  
                   
Net earnings per share – diluted:                  
Net earnings (loss) (GAAP) $ 0.02     $ (0.02 )   $ (0.11 )   $ (0.10 )   $ 0.09  
Acquired intangible amortization   0.03       0.03       0.03       0.06       0.06  
Tax adjustments   -       -       -       -       -  
Adjusted net earnings (loss) per share – diluted (Non-GAAP) $ 0.05     $ 0.01     $ (0.08 )   $ (0.04 )   $ 0.15  
                   

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