SELECTED FINANCIAL DATA
(Unaudited)
(In thousands, except per share data)
Condensed Consolidated Statements of Operations Data:
Three Months Ended Six Months Ended
-------------------------------- ---------------------
6/30/2017 6/30/2016 3/31/2017 6/30/2017 6/30/2016
---------- ---------- ---------- ---------- ----------
Net revenues $ 15,888 $ 10,485 $ 14,180 $ 30,068 $ 19,132
Gross margin 8,421 5,329 7,728 16,149 9,396
Operating expenses:
Selling expense 1,871 1,471 1,668 3,539 2,806
Engineering and
product
development
expense 982 982 935 1,917 1,973
General and
administrative
expense 3,286 2,145 1,994 5,280 3,790
Operating income 2,282 731 3,131 5,413 827
Other income 54 18 41 95 46
Earnings before
income tax expense 2,336 749 3,172 5,508 873
Income tax expense 891 263 1,094 1,985 306
Net earnings 1,445 486 2,078 3,523 567
Net earnings per
share - basic $ 0.14 $ 0.05 $ 0.20 $ 0.34 $ 0.05
Weighted average
shares outstanding -
basic 10,277 10,296 10,265 10,271 10,343
Net earnings per
share - diluted $ 0.14 $ 0.05 $ 0.20 $ 0.34 $ 0.05
Weighted average
shares outstanding -
diluted 10,335 10,311 10,295 10,315 10,357
Condensed Consolidated Balance Sheets Data:
As of:
--------------------------------
6/30/2017 3/31/2017 12/31/2016
---------- ---------- ----------
Cash and cash equivalents $ 7,596 $ 27,455 $ 28,611
Trade accounts receivable, net 11,938 9,817 5,377
Inventories 6,212 3,921 3,676
Total current assets 26,375 41,567 38,006
Net property and equipment 1,525 934 944
Total assets 56,704 46,353 42,844
Accounts payable 2,823 1,833 1,368
Accrued expenses 4,919 2,975 3,113
Total current liabilities 9,732 6,433 5,056
Noncurrent liabilities 5,354 - -
Total stockholders' equity 41,618 39,920 37,788
Condensed Consolidated Balance Sheets Data:
As of:
--------------------------------
6/30/2017 3/31/2017 12/31/2016
---------- ---------- ----------
Cash and cash equivalents $ 7,596 $ 27,455 $ 28,611
Trade accounts receivable, net 11,938 9,817 5,377
Inventories 6,212 3,921 3,676
Total current assets 26,375 41,567 38,006
Net property and equipment 1,525 934 944
Total assets 56,704 46,353 42,844
Accounts payable 2,823 1,833 1,368
Accrued expenses 4,919 2,975 3,113
Total current liabilities 9,732 6,433 5,056
Noncurrent liabilities 5,354 - -
Total stockholders' equity 41,618 39,920 37,788
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inTEST Reports 2017 Second Quarter Financial Results
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