- Net Revenues of $13.3 Million Increased 18% Sequentially and Were 10% Above Consensus Estimates;
- GAAP Earnings Per Share of $0.02 Increased by $0.13 Sequentially
MT. LAUREL, N.J., Aug. 06, 2020 (GLOBE NEWSWIRE) -- inTEST Corporation (NYSE American: INTT), a global supplier of precision-engineered solutions for use in manufacturing and testing across a wide range of markets, including automotive, defense/aerospace, energy, industrial, semiconductor and telecommunications, today announced financial results for the quarter ended June 30, 2020.
2020 Second Quarter Financial Summary
| ($ in Millions, Except Per Share Data) | Three Months Ended | ||||||||
| 6/30/2020 | 3/31/2020 | 6/30/2019 | |||||||
| Semi Market Bookings (1) | $ | 7.3 | $ | 6.7 | $ | 8.6 | |||
| Multimarket Bookings (2) | 6.6 | 7.1 | 7.3 | ||||||
| Total Bookings | $ | 13.9 | $ | 13.8 | $ | 15.9 | |||
| Semi Market Bookings (1) - % of Total Bookings | 52 | % | 49 | % | 54 | % | |||
| Multimarket Bookings (2) - % of Total Bookings | 48 | % | 51 | % | 46 | % | |||
| Semi Market Net Revenues (1) | $ | 6.9 | $ | 5.0 | $ | 7.7 | |||
| Multimarket Net Revenues (2) | 6.4 | 6.2 | 6.7 | ||||||
| Total Net Revenues | $ | 13.3 | $ | 11.2 | $ | 14.4 | |||
| Semi Market Net Revenues (1) - % of Total Net Revenues | 52 | % | 45 | % | 53 | % | |||
| Multimarket Net Revenues (2) - % of Total Net Revenues | 48 | % | 55 | % | 47 | % | |||
| Gross Margin | $ | 6.1 | $ | 4.9 | $ | 6.7 | |||
| Gross Margin | 46 | % | 43 | % | 47 | % | |||
| Net Earnings (Loss) (GAAP) | $ | 0.2 | $ | (1.1 | ) | $ | (0.2 | ) | |
| Net Earnings (Loss) per diluted share (GAAP) | $ | 0.02 | $ | (0.11 | ) | $ | (0.02 | ) | |
| Adjusted Net Earnings (Non-GAAP) (3) | $ | 0.5 | $ | (0.8 | ) | $ | 0.1 | ||
| Adjusted Net Earnings per diluted share (Non-GAAP) (3) | $ | 0.05 | $ | (0.08 | ) | $ | 0.01 | ||
| EBITDA (Non-GAAP) (3) | $ | 0.7 | $ | (0.9 | ) | $ | 0.2 | ||
| As of | |||||||||
| 6/30/2020 | 3/31/2020 | 12/31/2019 | |||||||
| Cash and cash equivalents | $ | 7.4 | $ | 7.3 | $ | 7.6 | |||
