Intest Stock Price, News & Analysis

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.

inTEST Corporation (NYSE American: INTT) has announced its participation in two upcoming investor conferences: the DA Davidson Virtual Semicap, Laser and Optical Conference on December 15, 2020, and the 12th Annual Virtual CEO Summit on December 16, 2020. Richard N. Grant, Jr., President & CEO, and Hugh Regan, CFO, will represent the company. Investors can meet in one-on-one sessions during the DA Davidson conference and in group meetings during the CEO Summit, which features multiple company presentations and is limited to accredited investors. Registration is required by December 10, 2020.

inTEST Corporation (NYSE: INTT) reported a 9% sequential growth in net revenues for Q3 2020, totaling $14.4 million, and 4% increase in total bookings. Semi Market and Multimarket revenues accounted for 51% and 49% of total revenues respectively. Adjusted net earnings per diluted share rose to $0.07 from $0.05. However, year-to-date revenues decreased to $38.9 million from $47.0 million, with a net loss of $0.5 million. The company expressed optimism regarding improving market conditions despite ongoing COVID-19 challenges.

inTEST Corporation (NYSE American: INTT) announced the release of its financial results for the 2020 third quarter, scheduled for November 10, 2020, prior to market opening. A conference call will take place the same day at 8:30 AM EST, discussing the financial results and management's industry outlook. Investors can access the call through a dedicated phone line or via a live webcast on inTEST's website. A replay of the webcast will be available for one year. inTEST specializes in precision-engineered solutions across various sectors, aiming to enhance shareholder value.

inTEST Corporation (NYSE American: INTT), a global supplier of precision-engineered solutions, announced its participation in three upcoming virtual investor conferences: the LD Micro 500 Virtual Conference on September 2-4, the 2020 Colliers Virtual Institutional Investor Conference on September 10, and the Lake Street Capital Markets 2020 Best Ideas Growth (BIG4) Virtual Conference on September 17. CEO Richard Grant and CFO Hugh Regan will represent the company, with presentations and materials available on their website.

inTEST Corporation (NYSE American: INTT) announced the appointment of Richard N. “Nick” Grant, Jr. as President and CEO, effective August 24, 2020, succeeding James Pelrin after 19 years. Grant, previously with ABB, brings significant experience in enhancing customer relations and driving profitable growth. The Board expressed confidence in Grant's leadership to unlock potential and deliver value to stakeholders. Hugh Regan will serve as interim President until Grant's start date. The company focuses on precision-engineered solutions across various markets.

inTEST Corporation (NYSE American: INTT) reported second-quarter 2020 net revenues of $13.3 million, an 18% increase sequentially, and 10% above consensus estimates. GAAP earnings per share rose to $0.02, up $0.13 from the previous quarter. Semiconductor-related revenues surged 37% compared to Q1 2020. Total bookings reached $13.9 million. Despite the ongoing challenges of the COVID-19 pandemic, the company is optimistic about growth in the semiconductor sector.

inTEST Corporation (NYSE American: INTT) will announce its 2020 second quarter financial results on August 6, 2020, after market close. The management will host a conference call on the same day at 6:00 PM EDT to discuss the results and the company's future performance. Investors can access the conference call at (323) 794-2598 or (800) 458-4121, with a passcode of 1878028. A live webcast will be available on inTEST's website, and a replay will be accessible for one year. The company specializes in precision-engineered solutions across various markets like automotive and aerospace.

inTEST Corporation (NYSE American: INTT) announced its 2020 Annual Meeting of Stockholders will be held virtually on Wednesday, June 24, 2020, at 11:00 a.m. EDT, due to COVID-19 safety concerns. Stockholders as of April 27, 2020, can attend the meeting via this link using their control number. The meeting will be accessible online until June 24, 2021. The company urges stockholders to vote and submit proxies in advance, as indicated in the mailed proxy materials.