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inTEST Corporation (INTT) provides essential test and process solutions for semiconductor manufacturing and industrial markets. This news hub offers investors and industry professionals centralized access to official corporate announcements and market developments.
Track critical updates including earnings reports, product innovations, and strategic partnerships that shape the company's position in electronic test equipment and thermal systems. Our curated news collection helps stakeholders monitor operational milestones across key sectors like automotive, aerospace, and medical technology.
Discover timely information on INTT's environmental technologies advancements and process solution deployments. All content is sourced directly from company filings and verified industry channels to ensure reliability. Bookmark this page for continuous access to operational updates affecting semiconductor testing infrastructure and industrial manufacturing processes.
inTEST (NYSE American: INTT), a global supplier of innovative test and process technology solutions, announced the launch of its new Acculogic hover sense non-contact probe technology for electric vehicle (EV) battery testing. This advanced technology uses magnetic field measurement techniques to evaluate the quality of EV battery interconnects without physical contact, thus eliminating risks of surface degradation and probe markings. The technology also accelerates test throughput by enabling parallel testing with multi-sensor fixtures. The hover sense technology can be integrated into the Stingray EVO500 Battery Tester, a platform with over ten years of production use and hundreds of thousands of battery arrays tested. This innovation aims to improve the reliability and performance of EV batteries. Further details will be presented at The Battery Show Europe 2024 in Stuttgart, Germany.
inTEST (NYSE American: INTT), a global supplier of innovative test and process technology solutions, announced that its President & CEO, Nick Grant, and CFO, Duncan Gilmour, will present at the East Coast IDEAS Conference on June 12, 2024. The event will take place at the Jay Conference Center in New York City at 1:20 p.m. Eastern Time. The presentation will be webcast live and archived for later viewing on the company's investor relations page.
inTEST (NYSE American: INTT) reported $29.8 million in revenue for the first quarter of 2024, representing a 7% increase sequentially. The revenue growth was driven by the Alfamation acquisition, which contributed $1.4 million. Despite a decline in overall sales compared to the prior year, the company adjusted its full-year revenue expectation to $140-150 million, reflecting an 18% growth over 2023. Earnings per diluted share were $0.05, while adjusted earnings per diluted share stood at $0.10. The company generated $2.1 million in cash from operations during the quarter, with cash at March 31, 2024, totaling $27.3 million.
inTEST (NYSE American: INTT) announced a four-year extension of its non-revolving delayed draw term loan and revolving credit facility, and a two-year extension of the draw-down window for the term loan. The maturity date of the term loan and revolving credit facility was extended to May 2, 2031, with a draw-down period until May 2, 2026. The Company has approximately $30 million available funding on the $50.5 million term loan and the full $10 million available under the revolving credit facility. Interest rates are based on the Secured Overnight Financing Rate (SOFR) or a bank-defined base rate plus an applicable margin of at least 2.1%, with an annual interest rate of approximately 7.4% based on current SOFR and leverage. The credit facility and term loan are secured by substantially all of the Company's assets.
inTEST (INTT) has launched the Temptronic RapidTemp™ BT28 ThermoStream®, a cutting-edge benchtop temperature test system for electronics and semiconductor thermal testing. The system offers precise temperature control, high accuracy, rapid transitions, and a compact design. It is aimed at industries such as semiconductor and electronics, providing top-tier performance in a small package. The BT28 is designed to enhance user experience, maximize workspace efficiency, and accelerate product development timelines.
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