- Q4 2020 Bookings Increased 22% Sequentially and 58% Year-over-Year
- Grew Backlog by $5.9 Million to $11.5 Million at End of 2020 Compared to End of 2019
MT. LAUREL, N.J., March 05, 2021 (GLOBE NEWSWIRE) -- inTEST Corporation (NYSE American: INTT), a global supplier of innovative test and process solutions for use in manufacturing and testing across a wide range of markets, including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications, today announced financial results for the quarter and full year ended December 31, 2020.
2020 Fourth Quarter Financial Summary
| ($ in Millions, Except Per Share Data) | Three Months Ended | ||||||||
| 12/31/2020 | 9/30/2020 | 12/31/2019 | |||||||
| Semi Market Bookings (1) | $ | 11.1 | $ | 7.2 | $ | 4.6 | |||
| Multimarket Bookings (2) | 6.5 | 7.2 | 6.5 | ||||||
| Total Bookings | $ | 17.6 | $ | 14.4 | $ | 11.1 | |||
| Semi Market Bookings (1) - % of Total Bookings | 63% | 50% | 41% | ||||||
| Multimarket Bookings (2) - % of Total Bookings | 37% | 50% | 59% | ||||||
| Semi Market Net Revenues (1) | $ | 7.6 | $ | 7.4 | $ | 6.1 | |||
| Multimarket Net Revenues (2) | 7.3 | 7.0 | 7.5 | ||||||
| Total Net Revenues | $ | 14.9 | $ | 14.4 | $ | 13.6 | |||
| Semi Market Net Revenues (1) - % of Total Net Revenues | 51% | 51% | 45% | ||||||
| Multimarket Net Revenues (2) - % of Total Net Revenues | 49% | 49% | 55% | ||||||
| Gross Margin - $ | $ | 6.7 | $ | 6.5 | $ | 6.5 | |||
| Gross Margin - % | 45% | 45% | 48% | ||||||
| Net Earnings (Loss) (GAAP) (3) | $ | (0.4 | ) | $ | 0.5 | $ | 0.7 | ||
| Net Earnings (Loss) per diluted share (GAAP) (3) | $ | (0.04 | ) | $ | 0.04 | $ | 0.07 | ||
| Adjusted Net Earnings (Loss) (Non-GAAP) (4) | $ | (0.1 | ) | $ | 0.8 | $ | 1.0 | ||
| Adjusted Net Earnings (Loss) per diluted share (Non-GAAP) (4) | $ | (0.01 | ) | $ | 0.07 | $ | 0.10 | ||
| EBITDA (Non-GAAP) (4) | $ | 0.0 | $ | 0.9 | $ | 1.1 | |||
| As of | |||||||||
| 12/31/2020 | 9/30/2020 | 12/31/2019 | |||||||
| Cash and cash equivalents | $ | 10.3 | $ | 9.5 | $ | 7.6 | |||
