Intest Stock Price, News & Analysis

inTEST Corporation (NYSE American: INTT) will host its first Investor & Analyst Day on March 24, 2022, in a hybrid format from Philadelphia, PA. The event starts at 9:00 a.m. ET and includes presentations from key executives, such as Nick Grant and Duncan Gilmour, focusing on the Company's 5-Point Strategy for growth. Viewers can submit questions during the event, with a replay and presentation slides available afterward. inTEST specializes in innovative test solutions in sectors like automotive and semiconductor.

inTEST Corporation reported a 50% revenue growth in Q4 2021, driven by demand in the semiconductor, automotive, and life sciences markets, achieving record annual orders of $101.9 million. However, gross margin decreased due to product mix and supply chain constraints. The company announced acquisitions totaling $1.6 million in expenses, affecting operating income.

Revenue for 2022 is projected between $110 million and $115 million, indicating a growth of over 30%.

inTEST Corporation (NYSE American: INTT) announced the appointment of Meghan Blount as Vice President of Human Resources. Blount brings extensive experience in talent management and employee engagement from her previous role at ABB. Nick Grant, inTEST President & CEO, emphasized her importance in advancing corporate culture and strategic initiatives. The company focuses on manufacturing and testing solutions across sectors like automotive and semiconductor, aiming for growth through innovation and acquisitions.

inTEST Corporation (NYSE American: INTT) is set to release its fourth quarter and full year 2021 financial results on March 4, 2022, before market opening. A conference call will follow at 8:30 a.m. ET to discuss the results, corporate strategies, and future outlook. Interested parties can access the call via phone or webcast. The performance metrics will be crucial for investors to assess the company's financial health and strategic direction moving forward.

inTEST Corporation has upgraded its engineering and sales operations for its backend semiconductor business by opening a new office in Fremont, CA. This relocation aims to streamline operations and lower costs, consolidating previously separate resources. Additionally, the company has moved its digital streaming and image capturing solutions to the High Tech Campus in Eindhoven, Netherlands, enhancing operational efficiencies and collaboration with technology firms. These strategic changes aim to strengthen market presence and drive growth through enhanced product development.

inTEST Corporation (NYSE American: INTT) will present at the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 4:15 p.m. Eastern Time. The presentation will be led by Nick Grant, President & CEO, and Duncan Gilmour, CFO. A live webcast will be available at https://ir.intest.com, with a replay offered afterward in the Investors section of the company's website. inTEST specializes in innovative test and process solutions across various sectors, including automotive, defense, and telecommunications.

inTEST Corporation (NYSE American: INTT) has completed its acquisition of Acculogic, Inc. for approximately USD$9 million. This strategic move is part of inTEST's 5-Point Growth Strategy to expand its global reach and enhance its product offerings. Acculogic, founded in 1992, specializes in electronic test solutions and generates approximately 75% of its revenue in the defense/aerospace, automotive, and life science sectors. The acquisition is expected to bolster inTEST's electronic test portfolio, allowing it to serve a broader customer base.

inTEST Corporation (NYSE American: INTT) announced the acquisition of Acculogic Inc., a robotics-based electronic test equipment manufacturer, for approximately $9 million. This strategic move aims to enhance inTEST's electronics test capabilities and diversify its customer base, particularly in electric vehicle battery testing. The acquisition is expected to add $9 million in annual revenue and to be accretive to earnings in 2022. Funding will come from existing credit facilities, with anticipated integration expenses of $0.05 per diluted share.

inTEST Corporation (NYSE American: INTT) has announced its participation in several upcoming investor conferences. The conferences include the Ladenburg Thalmann Tech Expo on November 18, 2021, the 10th Annual December CEO Summit on December 8, 2021, and the D.A. Davidson Virtual Semicap, Laser & Optical Conference on December 15, 2021. The CEO Summit requires proof of COVID vaccination for in-person attendance. Interested attendees should RSVP by November 29, 2021. For further details, visit www.intest.com.