inTEST (INTT)
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inTEST (INTT) - 2021 Q2 - Quarterly Report
2021-08-12 20:16
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, 2021 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 incorporati ...
inTEST (INTT) - 2021 Q2 - Earnings Call Transcript
2021-08-06 17:58
inTEST Corporation (NYSE:INTT) Q2 2021 Earnings Conference Call August 6, 2021 8:30 AM ET Company Participants Laura Guerrant – Investor Relations Consultant Nick Grant – President and Chief Executive Officer Duncan Gilmour – Treasurer and Chief Financial Officer Conference Call Participants Jaeson Schmidt – Lake Street Peter Wright – Intro-act Dick Ryan – Colliers George Melan – MKH Management Peter Wright – Intro-act Operator Welcome to inTEST Corporation’s 2021 Second Quarter Financial Results Conference ...
inTEST (INTT) - 2021 Q1 - Quarterly Report
2021-05-13 20:21
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, 2021 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 (S ...
inTEST (INTT) - 2021 Q1 - Earnings Call Transcript
2021-05-08 05:54
inTEST Corporation (NYSE:INTT) Q1 2021 Earnings Conference Call May 7, 2021 8:30 AM ET Company Participants Laura Guerrant-Oiye - Investor Relations Consultant Richard Grant - President and Chief Executive Officer Hugh Regan - Secretary, Treasurer and Chief Financial Officer Conference Call Participants Jaeson Schmidt - Lake Street Capital Markets, LLC Dick Ryan - Colliers & Company Tom Diffely - D.A. Davidson & Co. Operator Welcome to inTEST Corporation’s 2021 First Quarter Financial Results Conference Cal ...
inTEST (INTT) - 2021 Q1 - Earnings Call Presentation
2021-05-07 18:26
| --- | --- | --- | |--------------------------------------------------------|---------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | Innovative Test | & Process Solutions | | | 2021 Q1 Financial Results Conference Call Presentation | | | | Nick Grant May 7, 2021 | Hugh Regan | | | President and CEO | Treasurer and CFO | | 1 inTEST Corporation (NYSE American: INTT) This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Ac ...
inTEST (INTT) - 2020 Q4 - Annual Report
2021-03-23 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, 2020 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 Incorporation ...
inTEST (INTT) - 2020 Q4 - Earnings Call Transcript
2021-03-05 18:20
inTEST Corporation (NYSE:INTT) Q4 2020 Earnings Conference Call March 5, 2021 8:30 AM ET Company Participants Laura Guerrant - Investor Relations Consultant Nick Grant - President and Chief Executive Officer Hugh Regan - Treasurer and Chief Financial Officer Conference Call Participants Jaeson Schmidt - Lake Street Peter Wright - Intro-act Dick Ryan - Colliers George Melas - MKH Management Operator Welcome to the inTEST Corporation 2020 Fourth Quarter Financial Results Conference Call. At this time, all par ...
inTEST (INTT) - 2020 Q3 - Quarterly Report
2020-11-12 21:30
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, 2020 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) - 2020 Q3 - Earnings Call Transcript
2020-11-10 18:34
Financial Data and Key Metrics Changes - The company reported consolidated revenues of $14.4 million for Q3 2020, a 9% increase sequentially, driven by thermal-related components in the semiconductor market [16][36] - Gross margin for Q3 was 45%, slightly below guidance and down from 46% in Q2, primarily due to increased component material costs [36] - Net earnings for Q3 were $458,000 or $0.04 per diluted share, compared to $170,000 or $0.02 per diluted share in Q2 [39] Business Line Data and Key Metrics Changes - Thermal segment bookings increased 5% to $11 million in Q3, with net revenues rising 13% to $10.7 million [19] - EMS segment bookings were approximately flat at $3.4 million, with revenues marginally down 2% to $3.7 million [22] - Service revenues exceeded $1.6 million in Q3, marking a 22% sequential increase [14] Market Data and Key Metrics Changes - Consolidated bookings for Q3 were $14.4 million, with multimarket and semiconductor markets each contributing $7.2 million [16] - Semi revenues increased 8% sequentially to $7.4 million, while multimarket revenues rose 10% to $7 million [17] Company Strategy and Development Direction - The company is focusing on diversifying its business by entering markets outside the semiconductor sector, particularly in the electric vehicle (EV) market [20][26] - A strategic planning exercise was initiated to define the company's direction and initiatives for the next five years [34] - The company is exploring opportunities for standardizing products to improve scalability and reduce costs [28][29] Management's Comments on Operating Environment and Future Outlook - Management noted improving conditions in the markets served, with order flow strengthening despite ongoing COVID-19 challenges [16] - The company is addressing operational challenges related to its US-centric manufacturing approach and is considering both organic and inorganic growth strategies [30][70] - Future guidance for Q4 expects net revenues between $14 million and $15 million, with potential nonrecurring costs due to restructuring [43][44] Other Important Information - The company is experiencing a cash flow increase, with cash and cash equivalents growing by $2.1 million sequentially to $9.5 million [41] - Inventory declined by 13% sequentially to $6.9 million, driven by shipments during the quarter [42] - The company plans to consolidate its EMS operations, which will involve moving manufacturing from California to New Jersey [45] Q&A Session Summary Question: What is the order momentum in Q4? - Management confirmed that order patterns have improved and trends have continued positively into October and November [52] Question: What success is being seen in the EV market? - The company has partnered early with major players in the EV space, developing robust solutions for their production needs [54] Question: Are there any supply constraints expected? - Currently, there are no supply chain challenges, and the consolidation move has been accounted for in Q4 guidance [55] Question: What are the plans for product standardization? - The company is focusing on late-stage customization while leveraging standard components to improve efficiency [59] Question: Is there a strategy for offshoring manufacturing? - The company is evaluating whether to establish a presence in large global markets through organic or inorganic means [70]
inTEST (INTT) - 2020 Q2 - Quarterly Report
2020-08-12 15:40
Table of Contents 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, 2020 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 jurisdic ...