MANSFIELD, Mass., Nov. 08, 2019 (GLOBE NEWSWIRE) -- inTEST Corporation (NYSE American: INTT), a global supplier of precision-engineered solutions
for use in manufacturing and testing across a wide range of markets including automotive, defense/aerospace, energy, industrial, semiconductor and telecommunications, today announced financial results for the quarter ended September 30, 2019.
2019 Third Quarter Financial Summary
| ($ in Millions, Except Per Share Data) | Three Months Ended | ||||||||
| 9/30/2019 | 6/30/2019 | 9/30/2018 | |||||||
| Semi Market Bookings (1) | $ | 6.6 | $ | 8.6 | $ | 10.6 | |||
| Multimarket Bookings (2) | 7.3 | 7.3 | 9.4 | ||||||
| Total Bookings | $ | 13.9 | $ | 15.9 | $ | 20.0 | |||
| Semi Market Bookings (1) - % of Total Bookings | 48 | % | 54 | % | 53 | % | |||
| Multimarket Bookings (2) - % of Total Bookings | 52 | % | 46 | % | 47 | % | |||
| Semi Market Net Revenues (1) | $ | 7.1 | $ | 7.7 | $ | 11.4 | |||
| Multimarket Net Revenues (2) | 7.5 | 6.7 | 8.8 | ||||||
| Total Net Revenues | $ | 14.6 | $ | 14.4 | $ | 20.2 | |||
| Semi Market Net Revenues (1) - % of Total Net Revenues | 49 | % | 53 | % | 57 | % | |||
| Multimarket Net Revenues (2) - % of Total Net Revenues | 51 | % | 47 | % | 43 | % | |||
| Gross Margin | $ | 7.2 | $ | 6.7 | $ | 10.1 | |||
| Gross Margin | 49 | % | 47 | % | 50 | % | |||
| Net Earnings (Loss) (GAAP) (3) | $ | 0.6 | $ | (0.2 | ) | $ | (0.6 | ) | |
| Net Earnings (Loss) per diluted share (GAAP) (3) | $ | 0.06 | $ | (0.02 | ) | $ | (0.05 | ) | |
| Adjusted Net Earnings (Non-GAAP) (4) | $ | 1.0 | $ | 0.1 | $ | 2.8 | |||
| Adjusted Net Earnings per diluted share (Non-GAAP) (4) | $ | 0.09 | $ | 0.01 | $ | 0.27 | |||
| Adjusted EBITDA (Non-GAAP) (4) | $ | 1.3 | $ | 0.2 | $ | 3.8 | |||
| As of | |||||||||
| 9/30/2019 | 6/30/2019 | 12/31/2018 | |||||||
| Cash and cash equivalents | $ | 8.0 | $ | 7.6 | $ | 17.9 | |||
