Intest Stock Price, News & Analysis

inTEST (NYSE American: INTT) has announced the renewal of its $10 million stock repurchase plan, with approximately $9 million remaining. Since the plan's inception, the company has repurchased 141,117 shares for $1,038,850, leaving a balance of $8,961,150 available for additional repurchases.

The plan, originally authorized for stock repurchases through open market purchases from November 17, 2023 to November 17, 2024, allows the company to buy shares through open market purchases, private transactions, or under a Rule 10b5-1 plan. The timing and amount of repurchases will be determined based on market conditions and other factors.

As of October 31, 2024, inTEST had approximately 12.4 million shares outstanding. The company maintains flexibility with no fixed expiration date, and the Board can suspend or discontinue the plan without prior notice.

inTEST (INTT) reported strong Q4 2024 results with record revenue of $36.6 million, up 31% year-over-year. The company achieved operating income of $2.1 million, an 87% increase, while net earnings grew 3% to $1.5 million.

Key highlights include:

• Q4 orders improved 11% year-over-year to $30.7 million
• Generated $3.8 million in operating cash flow in 2024
• Paid down $7.8 million in debt during the year
• Gross margin was 39.7%, impacted by one-time acquisition inventory step-up expense

The company's market diversification strategy proved effective as growth in defense/aerospace, semiconductor, and life sciences offset weakness in industrial markets. For 2025, inTEST provided guidance of $125-135 million in revenue, with Q1 2025 expected at $27-29 million. The company plans to consolidate its Netherlands operations into its Mansfield facility, expecting $0.6 million in restructuring costs and $0.5 million in annual savings by 2026.

inTEST (NYSE American: INTT), a global supplier of innovative test and process technology solutions, has announced its upcoming fourth quarter and full year 2024 financial results release. The results will be disclosed before markets open on Friday, March 7, 2025.

The company will host a conference call and webcast at 8:30 a.m. Eastern Time on the same day to discuss financial results, corporate strategies, and outlook. The event will include a question-and-answer session. A telephonic replay will be available from 12:30 p.m. ET until Friday, March 14, 2025, accessible by dialing (412) 317-6671 with replay pin 13751127.

inTEST (NYSE American: INTT) has announced that its Electronic Test division's EMS Products unit has entered into a strategic agreement with General Bussan Co., to serve as the exclusive distributor in Japan. The partnership aims to promote inTEST's electrical interface, manipulator, and docking solutions throughout Japan's semiconductor industry.

General Bussan, with its extensive experience in supplying electronic devices and components to various industries including semiconductor, science, analytics, medical, and security sectors, will help expand inTEST EMS's reach in what is currently described as an underserved market. The agreement leverages General Bussan's strong customer relationships and industry expertise to distribute inTEST's automated test equipment solutions.

inTEST (NYSE American: INTT) has announced two strategic distributor partnerships to expand its market reach. The company has signed General Bussan Co., as an exclusive distributor in Japan for inTEST EMS Products' engineered solutions in the semiconductor industry. Additionally, Prodigy Processing Solutions has been established as the preferred distributor of iTS Thermonics® Ultra-Low Temperature and Cryogenic Chillers for the cannabis and hemp processing industries.

These partnerships align with inTEST's 5-Point Strategy for growth, aiming to expand geographic presence and deepen market opportunities. The General Bussan partnership targets the underpenetrated Japanese market for analog/digital semiconductor production in auto/industrial applications. The Prodigy agreement focuses on enhancing productivity and cost efficiencies for pharmaceutical, biotechnology, life sciences, and cannabis/hemp processors worldwide.

Prodigy Processing Solutions and inTEST Environmental Technologies (NYSE American: INTT) have announced a worldwide strategic partnership. Prodigy will distribute inTEST's Thermonics® Ultra-Low Temperature and Cryogenic Chillers across cannabis, hemp, biomedical, and pharmaceutical processing industries.

The partnership combines Prodigy's ultra-cold cannabis oil extraction systems, operating at temperatures as low as -300°F, with iTS Thermonics® technology, which provides cooling solutions at -80°C to sub -100°C temperatures. This integration eliminates the need for winterization in cannabis and hemp processing, improving efficiency and yields.

Both companies' technologies are Made in the USA, offering quality solutions for critical industries. The collaboration aims to set new standards in temperature control technology while expanding market reach for both companies.

inTEST (NYSE American: INTT), a global provider of innovative test and process technology solutions, has announced its participation in the upcoming Needham Growth Conference. President & CEO Nick Grant and CFO Duncan Gilmour will present and host virtual investor meetings on Thursday, January 16, 2025.

The presentation is scheduled for 2:15 p.m. Eastern Time and will be accessible via live audio webcast with accompanying slides through INTT Investor Relations. An archive of the presentation will be made available at the same location after the conference.

inTEST serves key markets including automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor sectors.

inTEST (NYSE American: INTT) announced its participation in the 13th Annual NYC Summit investor conference at Mastro's Steakhouse in New York on December 17th. Nick Grant, President & CEO, and Duncan Gilmour, CFO, will conduct presentations starting at 1:00 p.m. ET in a 'round-robin' format with small group meetings.

The event, accessible only to accredited investors and publishing research analysts by invitation, will feature 18 management teams including inTEST. The presentation materials will be available on the company's investor relations website. The summit provides opportunities for attendees to meet with management teams during small group sessions, breakfast, and lunch networking events.

The conference, sponsored by Stifel and TD Cowen, includes presentations from various technology companies in sectors such as semiconductor, testing, and manufacturing.

Sidoti Events, has announced its December Small-Cap Conference schedule for December 4-5, 2024. The two-day virtual event features presentations from numerous publicly traded companies, including Charles River Associates (CRAI) scheduled for 10:45-11:15 EST on December 4th. The conference includes a mix of company presentations and one-on-one meetings with various small-cap companies across different sectors. The presentation schedule is subject to change, and attendees are directed to www.sidoti.com/events for the most current schedule and webinar links.