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 (NYSE American: INTT) is a global supplier of test and process technology solutions used in manufacturing and testing across key markets, including semiconductor, automotive and electric vehicles, defense and aerospace, industrial applications, life sciences, and safety and security. The INTT news page on Stock Titan aggregates company announcements, financial updates, and other disclosures so investors can review developments that inTEST reports publicly.
Recent company news has included quarterly financial results, where management discusses orders, revenue by market and segment, gross margin trends, operating expenses, and the use of non-GAAP measures such as adjusted net earnings and adjusted EBITDA. These releases also describe order and backlog dynamics across semi, auto/EV, defense/aerospace, industrial, life sciences, and safety/security end markets, providing insight into demand patterns and capital spending behavior among customers.
inTEST’s news flow also features information on significant customer orders and contracts. Examples include announced orders for thermal test systems from a prime defense contractor, to be used for ultra-low temperature testing of advanced electronic systems in military and aerospace applications, and a follow-on order for functional test systems for high-volume medical device testing through its Alfamation business. Such items illustrate how inTEST’s Environmental Technologies and Electronic Test capabilities are applied in specific industries.
In addition, the company regularly issues announcements about participation in investor conferences, summit events, and scheduled earnings conference calls and webcasts. These updates outline when management will present, host investor meetings, or provide financial and strategic commentary. Investors and researchers can use the INTT news feed to monitor inTEST’s reported progress on its diversification efforts, VISION 2030 growth strategy, and broader market engagement over time.
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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