- Net Revenue Increased 16 Percent Year-over-Year and Exceeded Guidance;
- Ambrell Achieved Record Quarterly Net Revenues
MOUNT LAUREL, N.J., Nov. 01, 2018 (GLOBE NEWSWIRE) -- inTEST Corporation (NYSE American: INTT), an independent designer, manufacturer and marketer of thermal management products and semiconductor automatic test equipment (ATE) interface solutions, today announced financial results for the third quarter ended September 30, 2018.
2018 Third Quarter Summary
| ($ in Millions) | Three Months Ended | ||||||||
| 9/30/2018 | 6/30/2018 | 9/30/2017 | |||||||
| Total Bookings | $ | 20.0 | $ | 19.3 | $ | 17.6 | |||
| Total Bookings excluding Ambrell | $ | 13.2 | $ | 13.6 | $ | 11.2 | |||
| Non-Semi Bookings - $ | $ | 9.4 | $ | 7.3 | $ | 8.7 | |||
| Non-Semi Bookings - % of Total Bookings | 47 | % | 38 | % | 49 | % | |||
| Net Revenues | $ | 20.2 | $ | 21.1 | $ | 17.4 | |||
| Net Revenues excluding Ambrell | $ | 13.3 | $ | 14.7 | $ | 12.4 | |||
| Non-Semi Net Revenues - $ | $ | 8.7 | $ | 8.1 | $ | 8.2 | |||
| Non-Semi Revenues - % of Total Revenues | 43 | % | 38 | % | 47 | % | |||
| Gross Margin - $ | $ | 10.1 | $ | 10.9 | $ | 8.8 | |||
| Gross Margin - % | 50 | % | 52 | % | 51 | % | |||
| Net Earnings (Loss) (GAAP) (1)(2)(3) | $ | (0.6 | ) | $ | 4.0 | $ | 2.0 | ||
| Net Earnings (Loss) per diluted share (GAAP) (1)(2)(3) | $ | (0.05 | ) | $ | 0.39 | $ | 0.19 | ||
| Adjusted Net Earnings (Non-GAAP) (2)(3) | $ | 2.8 | $ | 3.5 | $ | 2.1 | |||
| Adjusted Net Earnings per diluted share (Non-GAAP) (2)(3) | $ | 0.27 | $ | 0.34 | $ | 0.20 | |||
| Adjusted EBITDA (Non-GAAP) (3) | $ | 3.8 | $ | 4.1 | $ | 3.1 | |||
| As of | |||||||||
| 9/30/2018 | 6/30/2018 | 12/31/2017 | |||||||
| Cash and cash equivalents | $ | 14.2 | $ | 10.7 | $ | 13.3 | |||
