Intest Stock Price, News & Analysis

inTEST Corporation (NYSE American: INTT) announced the appointment of Richard Rogoff as Vice President of Corporate Development, effective October 1, 2021. Rogoff will join the leadership team, reporting directly to CEO Richard N. Grant, Jr., and will focus on the company's growth strategy, including mergers and acquisitions (M&A). He brings nearly 30 years of experience in business development, having previously advised on M&A processes and held significant roles at Onto Innovation and ASML. This strategic move aims to enhance inTEST's operational capabilities and market expansion.

inTEST Corporation (NYSE American: INTT) announced its participation in two upcoming investor conferences: the 2021 Colliers Virtual Institutional Investor Conference on September 9, 2021, and the Lake Street Capital Markets 2021 Best Ideas Growth (BIG5) Virtual Conference on September 15, 2021. CEO Richard N. Grant, Jr. and CFO Duncan Gilmour will represent the company. Interested investors can arrange one-on-one meetings through their respective conference representatives. Presentation materials will be accessible on inTEST’s website.

inTEST Corporation (NYSE American: INTT) reported Q2 2021 net revenues of $21.8 million, surpassing guidance, up 12% sequentially and 64% year-over-year. GAAP earnings per share reached $0.24, an increase of $0.03 sequentially and $0.22 year-over-year. Total bookings were $25.1 million, with 66% from the semiconductor market. The company also provided Q3 guidance, expecting net revenues between $20.5 million and $21.5 million and GAAP EPS of $0.18 to $0.22.

inTEST Corporation (NYSE American: INTT) announced its collaboration with C1D1 Labs to provide Thermonics chiller systems to the cannabis industry. The partnership aims to meet the rising demand for high-capacity cooling solutions driven by the increasing popularity of CBD and THC products. These ultra-low temperature chillers are designed to enhance extraction throughput by allowing rapid cooling of solvents, thus improving operational efficiency. With cooling capacities ranging from 2.5kw to 17kw, this innovation addresses the specific needs for precision in cryogenic temperature control within cannabis extraction processes.

inTEST Corporation (NYSE: INTT) announced it will release its 2021 second quarter financial results on August 6, 2021, before market opening. The company will host a conference call at 8:30 AM EDT the same day to discuss these results and share management's insights on the industry. Investors can access the live call by dialing (323) 289-6576 or (800) 437-2398, with a passcode of 5369295. A webcast will also be available on inTEST's website, providing additional materials and a replay for one year following the event.

inTEST Corporation (NYSE American: INTT) announced the appointment of Duncan Gilmour as Chief Financial Officer, Treasurer, and Secretary effective June 14, 2021. He replaces Hugh T. Regan, Jr., who retires after 25 years. Gilmour brings extensive experience from ABB, Tyco International, and PwC, enhancing inTEST's financial leadership. CEO Nick Grant expressed confidence in Gilmour’s ability to drive growth and value for shareholders. Regan facilitated a smooth transition and is recognized for his long service in shaping the company.

inTEST Corporation (NYSE American: INTT) announced the launch of its new line of Compact EKOHEAT® Induction Heating Systems, designed to meet customer demand for smaller equipment. The new systems, which are 50% smaller, cater to applications requiring 75-125 kW of power, offering enhanced operational efficiency and lower costs. Additionally, the reduced size workheads will expand across the entire product portfolio, providing new options for flexibility and durability in various industrial environments.