Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Characteristics - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential, leading to potential losses for investors [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, which can be identified using the Zacks Momentum Style Score [3] Group 2: InTest Corporation (INTT) Analysis - InTest Corporation (INTT) has shown a four-week price change of 2.6%, indicating growing investor interest [4] - The stock has gained 14.9% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [5] - INTT has a beta of 1.89, suggesting it moves 89% higher than the market in either direction, indicating fast-paced momentum [5] - INTT has a Momentum Score of B, suggesting it is an opportune time to invest in the stock [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [7] - INTT is trading at a Price-to-Sales ratio of 0.79, indicating it is reasonably valued at 79 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides INTT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," rather than traditional strategies of buying low and waiting for recovery [1][2] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks can lose momentum when their valuations exceed future growth potential [2] - Investing in bargain stocks that exhibit recent price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify potential opportunities [3] Group 2: InTest Corporation (INTT) Analysis - InTest Corporation (INTT) has shown a four-week price change of 5%, indicating growing investor interest [4] - The stock has gained 6.6% over the past 12 weeks, with a beta of 1.92, suggesting it moves significantly more than the market [5] - INTT has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [7] - INTT is trading at a Price-to-Sales ratio of 0.77, suggesting it is undervalued at present [7] Group 3: Additional Investment Opportunities - Besides INTT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Core Viewpoint - The article emphasizes the importance of value investing and highlights inTest (INTT) as a strong value stock based on its financial metrics and Zacks Rank [2][4][6] Company Summary - inTest (INTT) currently holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4] - The stock is trading with a P/E ratio of 18.55, which is lower than the industry average of 22.60, suggesting it may be undervalued [4] - Over the past 52 weeks, INTT's Forward P/E has fluctuated between a high of 22.71 and a low of 8.14, with a median of 13.52 [4] - inTest has a P/CF ratio of 8.80, significantly lower than the industry average of 20.60, indicating strong cash flow relative to its valuation [5] - The P/CF ratio for INTT has ranged from a high of 12.40 to a low of 6.66 over the past year, with a median of 8.72 [5] - These metrics suggest that inTest is likely undervalued, making it an attractive option for value investors [6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-36117 inTEST Corporation (Exact Name of Registrant as Specified in its Charter) Delaware 22-2370659 (State or other jurisdicti ...

Core Viewpoint - inTest Corporation (INTT) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system tracks the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts for the current and following years, highlighting the importance of earnings revisions in stock valuation [1][4]. - A strong correlation exists between changes in earnings estimates and near-term stock price movements, driven by institutional investors who adjust their valuations based on these estimates [4][5]. Recent Developments for inTest - inTest is projected to earn $0.41 per share for the fiscal year ending December 2024, representing a year-over-year decline of 56.4%. However, analysts have raised their estimates by 17.1% over the past three months, indicating a positive trend [8]. - The upgrade to Zacks Rank 1 places inTest in the top 5% of Zacks-covered stocks, suggesting potential for higher stock prices in the near term due to improved earnings outlook [10]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988, demonstrating the effectiveness of this rating system [7][9].

Core Viewpoint - The article emphasizes the importance of value investing and highlights inTest (INTT) as a strong value stock based on its financial metrics and Zacks Rank [1][5]. Company Summary - inTest (INTT) currently holds a Zacks Rank of 1 (Strong Buy) and has a Value grade of A, indicating strong potential for value investors [3]. - The stock is trading at a P/E ratio of 20.51, which is lower than the industry average of 21.51, suggesting it may be undervalued [3]. - INTT's Forward P/E has fluctuated between 8.14 and 21.66 over the past year, with a median of 13.24, indicating variability in its valuation [3]. - The P/CF ratio for INTT is 8.92, significantly lower than the industry average of 20.67, further supporting the notion that INTT is undervalued based on its cash flow outlook [4]. - INTT's P/CF has ranged from 6.66 to 12.40 in the past year, with a median of 8.76, reflecting its stable cash flow performance [4]. - Overall, the financial metrics suggest that inTest is likely undervalued and stands out as one of the strongest value stocks in the market [5].

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to investments with limited upside or potential downside [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify suitable candidates [3] Group 2: InTest Corporation (INTT) Analysis - InTest Corporation (INTT) has shown a price increase of 4.1% over the past four weeks, indicating growing investor interest [4] - The stock has gained 4.9% over the past 12 weeks and has a beta of 1.92, suggesting it moves significantly more than the market [5] - INTT has a Momentum Score of A, indicating a favorable time to invest based on its momentum characteristics [6] Group 3: Earnings Estimates and Valuation - INTT has received a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [7] - The stock is currently trading at a Price-to-Sales ratio of 0.75, suggesting it is undervalued as investors pay only 75 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides INTT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Financial Data and Key Metrics Changes - Revenue for Q3 2024 was $30 million, a decrease of $0.7 million compared to Q3 2023, primarily due to a $7.1 million decline in semiconductor sales, partially offset by $4.5 million growth in automotive EV and improved sales in industrial markets [17][18] - Gross margin improved to 46.3%, a sequential increase of 570 basis points, driven by a favorable product mix and cost actions [19][12] - Net earnings for the quarter were $495,000, or $0.04 per diluted share, while adjusted net earnings were $1.2 million, or $0.10 per diluted share [20] Business Line Data and Key Metrics Changes - Alfamation contributed $5.4 million in revenue during the quarter, with strong demand in automotive EV, defense aerospace, and industrial markets [10][13] - Orders in Q3 were $28 million, including $3.9 million from Alfamation, with back-end semiconductor orders showing sequential growth for the third consecutive quarter [13][14] - Backlog improved by $5 million year-over-year, reflecting the contribution from Alfamation, although it declined sequentially as backlog was worked down [15] Market Data and Key Metrics Changes - The automotive and life sciences markets showed strength, helping to offset weakness in the semiconductor sector [8] - The front-end semiconductor market is currently paused, while back-end semiconductor demand is gradually improving [30][48] Company Strategy and Development Direction - The company is focused on innovation and optimizing its go-to-market strategy, including adding or upgrading channel partners [31][34] - The integration of Alfamation is progressing well, with efforts to drive product and technology synergies [9] - The company is evaluating acquisitions to enhance existing technologies and capture value from its solutions [37] Management's Comments on Operating Environment and Future Outlook - Management noted signs of stability in targeted industries, with an increased order pipeline and expectations for CapEx projects to rise in 2025 [29] - The company anticipates revenue for 2024 to range from $128 million to $131 million, with gross margins expected to be approximately 42% to 43% [25][26] - Management expressed optimism about the evolving gallium nitride opportunity and the potential for new product developments in the automotive sector [30][50] Other Important Information - The company reduced headcount by 10% in its base businesses since the beginning of 2024, aligning its cost structure with current market conditions [12][44] - Cash and equivalents at the end of Q3 were $18 million, with total debt of $16.1 million [24] Q&A Session Summary Question: Order pushouts concentration - Management indicated that the $2 million in shipment delays were primarily related to front-end semiconductor orders, accommodating customer needs [39] Question: Front-end semiconductor market visibility - Management expects additional deliveries in the second half of 2025 based on customer feedback, though this timeline may change [40] Question: Gross margin sustainability - Management noted that while a portion of the gross margin improvement is due to cost actions, the majority is driven by a favorable product mix [41] Question: Definition of base businesses - Base businesses refer to all companies outside of Alfamation, with the 10% headcount reduction weighted towards those experiencing downturns [44] Question: Back-end market strength - Management observed gradual improvement in back-end semiconductor orders, with increasing requests for quotes and upcoming CapEx projects [48] Question: Alfamation's revenue growth cycles - Management expressed optimism about Alfamation's pipeline, particularly in automotive, as the industry shifts towards centralized computing systems [50]

InTest Corporation (INTT) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 42.86%. A quarter ago, it was expected that this company would post earnings of $0.15 per share when it actually produced earnings of $0.08, delivering a surprise of -46.67%.Over the last four quarters, the comp ...

Exhibit 99.1 NEWS RELEASE 804 East Gate Drive, Suite 200, Mount Laurel, NJ 08054 FOR IMMEDIATE RELEASE inTEST Achieves 46.3% Gross Margin for Third Quarter 2024 ● Gross margin expanded 570 basis points compared with the second quarter 2024 on $3.7 million less revenue; third quarter revenue was $30.3 million ● Operating income increased sequentially by $0.2 million and operating margin expanded 60 basis points on improved mix, cost actions and operational execution ● Orders1 grew 5% year-over-year and 7% se ...