Intest - INTT STOCK NEWS

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.

inTEST Corporation (NYSE American: INTT), a leader in innovative test solutions, will participate in the 13th Annual Virtual CEO Summit on June 15, 2021. The company plans to engage with investors through group meetings during the event. Each meeting will last 40 minutes, providing opportunities for discussion among 14 participating management teams, including inTEST. The summit is invitation-only, aimed at accredited investors, with early RSVP required by June 10, 2021. Presentation materials will be available on the company's website.

inTEST Corporation (NYSE: INTT) reported strong Q1 2021 results with bookings of $25.2 million, up 43% sequentially and 83% year-over-year. Revenues reached $19.6 million, an increase of 31% sequentially and 74% year-over-year. The company achieved a GAAP EPS of $0.21 and a Non-GAAP Adjusted EPS of $0.24. The growing demand primarily from the semiconductor market significantly fueled these numbers. Looking forward, inTEST anticipates Q2 2021 revenues between $20.0 million and $21.0 million, with EPS guidance of $0.20 to $0.24.

inTEST Corporation (NYSE American: INTT) announced it will release its 2021 first quarter financial results on May 7, 2021, before market opens. A conference call will take place at 8:30 am EDT to discuss the results and management's expectations regarding the industry. Participants can access the call by dialing (323) 289-6576 or (800) 437-2398 using the passcode 5369295. The call will also be available via a live webcast on inTEST's website, with a replay accessible for one year.

inTEST Corporation (NYSE: INTT) reported a 22% sequential and 58% year-over-year increase in bookings for Q4 2020, totaling $17.6 million. Their backlog grew by $5.9 million to $11.5 million compared to the end of 2019. Total net revenues reached $14.9 million, a 3% sequential and 9% year-over-year increase. However, the company reported a GAAP net loss of $(0.04) per diluted share. Looking forward, for Q1 2021, inTEST projects revenues between $18.5 million to $19.5 million, with GAAP EPS between $0.18 to $0.22.

inTEST Corporation (NYSE American: INTT) announced strong growth in its automotive and electric vehicle (EV) market penetration. The company, via its subsidiary Ambrell Corporation, has established itself as a preferred supplier for automotive manufacturers, contributing significantly to inTEST's diversification strategy. Ambrell's advanced induction heating products, such as EASYHEAT™ and EKOHEAT®, have been installed at various EV manufacturing plants globally. To meet growing demand, inTEST is increasing its engineering staff and expanding its product portfolio.

inTEST Corporation (NYSE American: INTT) will release its 2020 fourth quarter and year-end financial results on March 5, 2021, before the market opens. Following the release, management will host a conference call at 8:30 AM EST to discuss the results and industry outlook. Investors can access the call by dialing (323) 289-6576 or (800) 437-2398 with passcode 5369295. A live webcast will also be available on the company's website, along with a replay for one year. inTEST specializes in test and process solutions across multiple industries.

inTEST Corporation (NYSE: INTT) reported a significant uptick in its EMS segment with Q4 2020 bookings nearly doubling compared to Q3 2020. This was fueled by strong demand across sectors such as automotive and consumer electronics, leading to a 91% increase in bookings. The company has successfully consolidated its California operations to New Jersey, optimizing costs and improving service delivery. The introduction of innovative products like the Intellidock™ has positioned inTEST favorably within the semiconductor industry’s growth trajectory.