inTEST Reports 2020 First Quarter Financial Results

MANSFIELD, Mass., May 08, 2020 (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 March 31, 2020.

2020 First Quarter Summary

($ in Millions, Except Per Share Data) Three Months Ended
  3/31/2020 12/31/2019 3/31/2019
Semi Market Bookings (1)$  6.7 $  4.6 $   5.6 
Multimarket Bookings (2)   7.1    6.5    6.3 
Total Bookings$  13.8 $  11.1 $   11.9 
          
Semi Market Bookings (1) - % of Total Bookings$  49%   41%$  47%
Multimarket Bookings (2) - % of Total Bookings   51%   59%   53%
          
Semi Market Net Revenues (1)$    5.0   $   6.1   $   10.1  
Multimarket Net Revenues (2)     6.2       7.5       8.0  
Total Net Revenues $   11.2   $   13.6   $   18.1  
                   
Semi Market Net Revenues (1) - % of Total Net Revenues     45 %     45 %      56 %
Multimarket Net Revenues (2) - % of Total Net Revenues     55 %     55 %     44 %
                   
Gross Margin $   4.9   $   6.5   $   8.8  
Gross Margin     43 %     48 %     49 %
                   
Net Earnings (Loss) (GAAP) $   (1.1 ) $   0.7   $   1.1  
Net Earnings (Loss) per diluted share (GAAP) $   (0.11 ) $   0.07   $   0.11  
                   
Adjusted Net Earnings (Loss) (Non-GAAP) (3) $   (0.8 ) $   1.0   $   1.5  
Adjusted Net Earnings (Loss) per diluted share (Non-GAAP) (3) $   (0.08 ) $   0.10   $   0.14  
       
EBITDA (Non-GAAP) (3) $   (0.9 ) $   1.1   $    2.0  
       
  As of
  3/31/2020 12/31/2019 3/31/2019
Cash and cash equivalents $   7.3   $    7.6   $    8.2  

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