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 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.
inTEST Corporation (NYSE American: INTT) announced its Q1 2020 financial results, reporting total net revenues of $11.2 million, down from $18.1 million year-over-year. Despite a challenging environment due to COVID-19, bookings rose 24% sequentially, reflecting strong operational performance. The company achieved a positive book-to-bill ratio. However, net earnings were a loss of $1.1 million, with a diluted loss per share of $0.11. inTEST also opted to repay its Paycheck Protection Program loans, indicating a cautious approach to liquidity management amidst ongoing uncertainties.