inTest Corporation
8.58-0.09 (-1.04%)
Oct 29, 4:00:00 PM EDT · NYSE American · INTT · USD
Key Stats
Market Cap
107.06MP/E (TTM)
-Basic EPS (TTM)
-0.06Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
InTest Corporation's Q2 FY2025 revenue fell 17.2% y/y to $28.1M, with declines across all segments led by Process Technologies down 24.9%, yet gross margin expanded to 42.6% from 40.6% on favorable mix and cost controls. Operating loss widened to $0.9M from income of $0.3M, driven by restructuring costs of $0.2M and higher engineering spend, while net loss was $0.5M versus earnings of $0.2M, the gap mainly from amortization of acquired intangibles. YTD revenue dropped 14.2% y/y to $54.8M, with operating loss of $3.8M versus income of $0.8M and net loss of $2.8M against earnings of $0.9M; diluted EPS of $(0.23) reconciles to 12.2M weighted shares with anti-dilutive effects excluding 0.8M equivalents. Cash held steady at $19.2M with operating cash flow of $4.8M YTD, free cash flow not disclosed in the 10-Q; total debt fell to $10.1M including $4.2M Alfamation term loans (weighted rate 3.2%) and $5.9M M&T term note (rates 3.2%-6.6%), with $10M revolver available but discretionary through Q1 FY2026 under covenant waiver. The March 2024 Alfamation acquisition closed for $21.9M (cash/stock), adding $9.9M goodwill and $11.4M finite-lived intangibles (weighted life 15.5 years) to deepen auto/EV and life sciences exposure. Backlog stands at $37.9M. Cyclical semi demand remains a key risk.
8-K
InTest Q2 revenue up sequentially
InTest Corporation reported Q2 2025 revenue of $28.1 million, up 5.6% sequentially but down 17.2% year-over-year, amid cautious customer spending in semiconductors. Orders rose 9.5% to $27.8 million, fueled by auto/EV and life sciences gains via Alfamation, while gross margin expanded to 42.6% through cost cuts. Net loss narrowed to $0.5 million; debt fell $1.7 million to $10.1 million. Backlog holds at $37.9 million, with 50% shipping post-Q3. Q3 revenue eyes $28-30 million, but semi weakness persists.
8-K
InTest elects directors, ratifies auditors
InTest Corporation's stockholders at the June 18, 2025 annual meeting elected Steven J. Abrams, Jeffrey A. Beck, Joseph W. Dews IV, Richard N. Grant Jr., and Gerald J. Maginnis as directors, each securing strong majorities amid some withheld votes. They ratified RSM US LLP as auditors for the fiscal year ending December 31, 2025, with overwhelming support of 9.8 million votes. Advisory approval passed for executive compensation, while a majority favored annual say-on-pay frequency. Board continuity holds firm.
8-K
InTest appoints new division president
InTest Corporation appointed Richard Rogoff as President of its Environmental Technologies Division on June 11, 2025, succeeding Michael Tanniru who left for other opportunities. This move trims executive costs while bolstering operational discipline to fuel the VISION 2030 growth strategy. Rogoff, a 2021 joiner with M&A expertise, eyes organic gains and targeted buys. Leadership shifts sharpen focus amid market uncertainties.
10-Q
Q1 FY2025 results
InTest Corporation's Q1 revenue dipped 10.7% year-over-year to $26.6M, driven by a 39.9% drop in semi sales to $9.0M, yet auto/EV surged 50.6% to $6.0M, highlighting diversification gains. Gross margin slipped to 41.5% from 43.8% on lower volumes and mix shifts, while operating expenses climbed 10.7% to $13.9M, fueled by a full quarter of Alfamation integration and $0.3M in Videology restructuring costs, yielding an operating loss of $2.9M versus $0.5M income last year; net loss hit $2.3M or $(0.19) diluted EPS, reconciled to 12.2M shares with anti-dilutive effects. Cash swelled to $22.0M, up $2.2M from operations, with free cash flow of $5.3M after $0.2M capex; total debt eased to $11.8M, including $4.9M Alfamation term loans at 3.3% average rate. The March 2024 Alfamation buyout added $9.9M goodwill and $11.4M finite-lived intangibles over 20 years max, bolstering auto/EV and life sciences reach. Backlog stands at $38.2M. Tariff hikes risk inflating costs on 27% imported materials.
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