Welcome to our dedicated page for Intest news (Ticker: INTT), a resource for investors and traders seeking the latest updates and insights on Intest stock.
InTest Corporation reports developments as a global supplier of test and process technology solutions used in manufacturing and testing across semiconductor, Auto/EV, defense/aerospace, industrial, life sciences, and safety/security markets. Company updates commonly cover quarterly results, orders, backlog, gross margin, product mix, and demand across diversified end markets.
Recurring news also includes leadership and board changes, investor-conference participation, acquisition integration, and customer orders tied to businesses such as Alfamation. Product-focused updates describe functional test systems, thermal, mechanical, and electronic solutions, and initiatives to expand cross-business selling, manufacturing efficiency, supply-chain performance, and targeted market reach.
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.
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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.