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inTEST Corporation, founded in 1981 in Cherry Hill, New Jersey, is a leader in the design, manufacture, and marketing of products predominantly used by semiconductor manufacturers for testing integrated circuits and wafer products. With a strong presence in the global semiconductor industry, inTEST is renowned for its exceptional service and technical support worldwide.
The company offers a diverse range of product lines such as test head manipulators, docking hardware, tester interfaces, and thermal test systems. These products are essential for the rigorous testing processes required by semiconductor manufacturers to ensure the reliability and functionality of their devices.
inTEST Corporation operates through three main segments: Electronic Test, Environmental Technologies, and Process Technologies. The Electronic Test segment includes semiconductor test equipment, flying probes, and in-circuit testers. The Environmental Technologies segment covers thermal testing, process control, and storage products. The Process Technologies segment features induction heating and video imaging solutions.
Since its initial public offering in 1997, inTEST has utilized its capital to drive internal growth and expand its market presence through strategic acquisitions. Notable acquisitions include TestDesign Corporation in 1998, Temptronic Corporation in 2000, and Thermonics Inc. in 2012. These acquisitions have bolstered inTEST's capabilities and product offerings, allowing them to better serve their diverse customer base.
inTEST Corporation's commitment to innovation and customer satisfaction has led to its prominence in various markets beyond semiconductors. These markets include automotive, defense/aerospace, industrial, medical, and telecommunications. By providing high-quality test and process solutions, inTEST continues to support the development and manufacturing processes of its clients worldwide.
Stay updated with the latest news and announcements from inTEST Corporation to understand their financial performance, new projects, and significant achievements. With their dedication to excellence and continuous improvement, inTEST Corporation remains a key player in the global market for test and process solutions.
inTEST (NYSE American: INTT) has announced that its Electronic Test division's EMS Products unit has entered into a strategic agreement with General Bussan Co., to serve as the exclusive distributor in Japan. The partnership aims to promote inTEST's electrical interface, manipulator, and docking solutions throughout Japan's semiconductor industry.
General Bussan, with its extensive experience in supplying electronic devices and components to various industries including semiconductor, science, analytics, medical, and security sectors, will help expand inTEST EMS's reach in what is currently described as an underserved market. The agreement leverages General Bussan's strong customer relationships and industry expertise to distribute inTEST's automated test equipment solutions.
inTEST (NYSE American: INTT) has announced two strategic distributor partnerships to expand its market reach. The company has signed General Bussan Co., as an exclusive distributor in Japan for inTEST EMS Products' engineered solutions in the semiconductor industry. Additionally, Prodigy Processing Solutions has been established as the preferred distributor of iTS Thermonics® Ultra-Low Temperature and Cryogenic Chillers for the cannabis and hemp processing industries.
These partnerships align with inTEST's 5-Point Strategy for growth, aiming to expand geographic presence and deepen market opportunities. The General Bussan partnership targets the underpenetrated Japanese market for analog/digital semiconductor production in auto/industrial applications. The Prodigy agreement focuses on enhancing productivity and cost efficiencies for pharmaceutical, biotechnology, life sciences, and cannabis/hemp processors worldwide.
Prodigy Processing Solutions and inTEST Environmental Technologies (NYSE American: INTT) have announced a worldwide strategic partnership. Prodigy will distribute inTEST's Thermonics® Ultra-Low Temperature and Cryogenic Chillers across cannabis, hemp, biomedical, and pharmaceutical processing industries.
The partnership combines Prodigy's ultra-cold cannabis oil extraction systems, operating at temperatures as low as -300°F, with iTS Thermonics® technology, which provides cooling solutions at -80°C to sub -100°C temperatures. This integration eliminates the need for winterization in cannabis and hemp processing, improving efficiency and yields.
Both companies' technologies are Made in the USA, offering quality solutions for critical industries. The collaboration aims to set new standards in temperature control technology while expanding market reach for both companies.
inTEST (NYSE American: INTT), a global provider of innovative test and process technology solutions, has announced its participation in the upcoming Needham Growth Conference. President & CEO Nick Grant and CFO Duncan Gilmour will present and host virtual investor meetings on Thursday, January 16, 2025.
The presentation is scheduled for 2:15 p.m. Eastern Time and will be accessible via live audio webcast with accompanying slides through INTT Investor Relations. An archive of the presentation will be made available at the same location after the conference.
inTEST serves key markets including automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor sectors.
inTEST (NYSE American: INTT) announced its participation in the 13th Annual NYC Summit investor conference at Mastro's Steakhouse in New York on December 17th. Nick Grant, President & CEO, and Duncan Gilmour, CFO, will conduct presentations starting at 1:00 p.m. ET in a 'round-robin' format with small group meetings.
The event, accessible only to accredited investors and publishing research analysts by invitation, will feature 18 management teams including inTEST. The presentation materials will be available on the company's investor relations website. The summit provides opportunities for attendees to meet with management teams during small group sessions, breakfast, and lunch networking events.
The conference, sponsored by Stifel and TD Cowen, includes presentations from various technology companies in sectors such as semiconductor, testing, and manufacturing.
Sidoti Events, has announced its December Small-Cap Conference schedule for December 4-5, 2024. The two-day virtual event features presentations from numerous publicly traded companies, including Charles River Associates (CRAI) scheduled for 10:45-11:15 EST on December 4th. The conference includes a mix of company presentations and one-on-one meetings with various small-cap companies across different sectors. The presentation schedule is subject to change, and attendees are directed to www.sidoti.com/events for the most current schedule and webinar links.
inTEST (NYSE American: INTT) has announced its participation in two upcoming investor conferences. The company's President & CEO Nick Grant and CFO Duncan Gilmour will attend the Noble Emerging Growth Equity Conference in Boca Raton, FL on December 3, 2024, where they will present and conduct one-on-one meetings. The presentation will be available via video webcast the following day.
Additionally, management will participate in the Sidoti Small Cap Virtual Conference on December 4, 2024, presenting at 9:15 a.m. Eastern Time and hosting virtual one-on-one meetings. Both presentations will be accessible through webcasts on inTEST's Investor Relations website, with archives available for later viewing.
inTEST (NYSE American: INTT), a global supplier of innovative test and process technology solutions, has announced its participation in the upcoming Southwest IDEAS Conference. The event will take place at The Statler in Dallas on Wednesday, November 20, 2024. Nick Grant, President & CEO, and Duncan Gilmour, Chief Financial Officer, will present at 7:55 a.m. Central Time and host investor meetings. The presentation will be accessible via live audio webcast with accompanying slides through INTT Investor Relations, with an archive available post-conference.
inTEST (INTT) reported Q3 2024 financial results with revenue of $30.3 million, down 2.2% year-over-year. The company achieved a 46.3% gross margin, expanding 570 basis points from Q2 2024. Operating income increased sequentially by $0.2 million to $487,000. Orders grew 5% year-over-year and 7% sequentially to $28.1 million. The company generated $4.2 million in cash from operations, paid down $5.3 million in debt, and repurchased $1 million in shares. Earnings per diluted share was $0.04, while adjusted EPS was $0.10.
inTEST (NYSE American: INTT), a global supplier of test and process technology solutions for automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor markets, announced its upcoming third quarter 2024 financial results release. The results will be disclosed before markets open on Friday, November 1, 2024, followed by a conference call and webcast at 8:30 a.m. Eastern Time. A Q&A session will be included, and a replay will be available until November 8, 2024.
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