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inTEST (INTT) - 2023 Q1 - Quarterly Report
2023-05-11 10:04
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 March 31, 2023 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 (State or other jurisdiction of incorpora ...
inTEST (INTT) - 2023 Q1 - Earnings Call Transcript
2023-05-05 18:58
inTEST Corporation (NYSE:INTT) Q1 2023 Earnings Conference Call May 5, 2023 8:30 AM ET Company Participants Shawn Southard - IR Nick Grant - President and CEO Duncan Gilmour - CFO and Treasurer Conference Call Participants Jaeson Schmidt - Lake Street Ted Jackson - Northland Securities Tim Moore - EF Hutton Peter Wright - Intro-act Brian Kinstlinger - Alliance Global Partners Operator Greetings, and welcome to the inTEST Corporation's First Quarter 2023 Financial Results. [Operator Instructions] As a remind ...
inTEST (INTT) - 2022 Q4 - Annual Report
2023-03-22 20:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 22-2370659 (I.R.S. Employer Identification Number) (State or Other Jurisdiction of Incorporation or Organization) 804 East Gate Drive, Suite 200 Mt. Laurel, New Jersey (Address of Princi ...
inTEST (INTT) - 2022 Q4 - Earnings Call Transcript
2023-03-03 15:22
inTEST Corporation (NYSE:INTT) Q4 2022 Earnings Conference Call March 3, 2023 8:30 AM ET Company Participants Shawn Southard - Investor Relations Nick Grant - President and Chief Executive Officer Duncan Gilmour - Chief Financial Officer and Treasurer Conference Call Participants Jaeson Schmidt - Lake Street Capital Markets Ted Jackson - Northland Securities Peter Wright - Intro-act Operator Greetings, and welcome to the inTEST Corporation Fourth Quarter 2022 Financial Results. At this time, all participant ...
inTEST (INTT) - 2022 Q4 - Earnings Call Presentation
2023-03-03 13:25
Q4 2022 Financial Results Conference Call March 3, 2023 Non-GAAP Financial Measures and Forward-Looking Non-GAAP Financial Measures ➢ Solid execution by our results-driven team delivered record performance in 2022 ▪ Innovated in collaboration with our customers and suppliers ➢ Record full year revenue of $116.8 million, 38% y/y growth while organic revenue (non-GAAP)(1) grew 17% y/y Global & Market Expansion Talent & Culture Strategic Acquisitions & Partnerships Service & Support Innovation & Differentiatio ...
inTEST (INTT) Presents At 14th Annual South Ideas Conference - Slideshow
2022-11-23 19:33
inTEST Corporation Southwest IDEAS Conference Nick Grant President and CEO Duncan Gilmour Chief Financial Officer November 16, 2022 Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements do not convey historical information but relate to predicted or potential future events and financial results, such as statements of the Company's plans, strategies and intentions, or our future ...
inTEST (INTT) - 2022 Q3 - Quarterly Report
2022-11-14 12:45
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, 2022 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 (State or other jurisdiction of incor ...
inTEST (INTT) - 2022 Q3 - Earnings Call Presentation
2022-11-04 14:08
inTEST Corporation Q3 2022 Financial Results Conference Call Nick Grant, President and CEO Duncan Gilmour, CFO November 4, 2022 Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements do not convey historical information but relate to predicted or potential future events and financial results, such as statements of the Company's plans, strategies and intentions, or our future per ...
inTEST (INTT) - 2022 Q3 - Earnings Call Transcript
2022-11-04 14:07
Financial Data and Key Metrics Changes - Revenue for Q3 2022 was $30.8 million, a 46% increase year-over-year, with organic growth at 23% [9][15] - Gross margins were 45.2%, reflecting operational inefficiencies and material cost headwinds [18] - GAAP net earnings were $2.5 million or $0.23 per diluted share, with adjusted non-GAAP EPS at $0.28 per share [21][22] - Cash from operations generated was $1.4 million for the quarter, with liquidity standing at approximately $52 million [25][24] Business Line Data and Key Metrics Changes - Sales to the front-end semiconductor market more than doubled year-over-year, particularly in silicon carbide applications [11] - Back-end semiconductor sales increased by 17% year-over-year and 23% sequentially [12] - The EV market showed positive growth, with significant contributions from both organic and acquired businesses [13] Market Data and Key Metrics Changes - Orders for the quarter were up 55% to $32.7 million, with strong demand across semi, defense, security, and life sciences markets [28] - Orders in the semiconductor market increased by 44% year-over-year, with back-end orders achieving 27% growth [29] Company Strategy and Development Direction - The company is focused on executing its 5-Point Strategy to drive growth in target markets and expand its customer base [8][9] - Acquisitions are a key part of the long-term strategy, with an active pipeline of opportunities [36] - The company aims to double its size by 2025 through strategic execution and market expansion [36] Management's Comments on Operating Environment and Future Outlook - Management noted that supply chain challenges impacted Q3 revenue by approximately $1 million, but the team has shown resilience [17] - The company expects Q4 revenue to be in the range of $30 million to $32 million, with gross margins around 45% [32][35] - The backlog reached a record of $47.9 million, with expectations to convert approximately 55% to sales in Q4 [13][31] Other Important Information - The company has expanded its term loan facility by $25.5 million, enhancing financial flexibility [23] - Capital expenditures for the year are expected to be about $1.5 million, up from $600,000 in the previous year [26] Q&A Session Summary Question: Backlog growth and market mix - The backlog mix is similar to Q3 results, indicating strong visibility for Q4 [42][43] Question: Customer engagement and new customers - The company is expanding its customer base through both legacy accounts and new market opportunities [45][46] Question: Gross margin dynamics - The decline in gross margin is attributed to product mix, customer mix, supply chain issues, and foreign exchange impacts [47][48] Question: Service and support monetization - The company is making progress with master service agreements, generating over $1 million in service revenue [61] Question: Cash generation and working capital - Cash from operations is expected to continue positively, with inventory management improving [65][68]
inTEST (INTT) - 2022 Q2 - Quarterly Report
2022-08-11 20:20
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 June 30, 2022 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 (State or other jurisdiction of incorporat ...