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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 Corporation (NYSE American: INTT) announced it will release its 2021 first quarter financial results on May 7, 2021, before market opens. A conference call will take place at 8:30 am EDT to discuss the results and management's expectations regarding the industry. Participants can access the call by dialing (323) 289-6576 or (800) 437-2398 using the passcode 5369295. The call will also be available via a live webcast on inTEST's website, with a replay accessible for one year.
inTEST Corporation (NYSE: INTT) reported a 22% sequential and 58% year-over-year increase in bookings for Q4 2020, totaling $17.6 million. Their backlog grew by $5.9 million to $11.5 million compared to the end of 2019. Total net revenues reached $14.9 million, a 3% sequential and 9% year-over-year increase. However, the company reported a GAAP net loss of $(0.04) per diluted share. Looking forward, for Q1 2021, inTEST projects revenues between $18.5 million to $19.5 million, with GAAP EPS between $0.18 to $0.22.
inTEST Corporation (NYSE American: INTT) announced strong growth in its automotive and electric vehicle (EV) market penetration. The company, via its subsidiary Ambrell Corporation, has established itself as a preferred supplier for automotive manufacturers, contributing significantly to inTEST's diversification strategy. Ambrell's advanced induction heating products, such as EASYHEAT™ and EKOHEAT®, have been installed at various EV manufacturing plants globally. To meet growing demand, inTEST is increasing its engineering staff and expanding its product portfolio.
inTEST Corporation (NYSE American: INTT) will release its 2020 fourth quarter and year-end financial results on March 5, 2021, before the market opens. Following the release, management will host a conference call at 8:30 AM EST to discuss the results and industry outlook. Investors can access the call by dialing (323) 289-6576 or (800) 437-2398 with passcode 5369295. A live webcast will also be available on the company's website, along with a replay for one year. inTEST specializes in test and process solutions across multiple industries.
inTEST Corporation (NYSE: INTT) reported a significant uptick in its EMS segment with Q4 2020 bookings nearly doubling compared to Q3 2020. This was fueled by strong demand across sectors such as automotive and consumer electronics, leading to a 91% increase in bookings. The company has successfully consolidated its California operations to New Jersey, optimizing costs and improving service delivery. The introduction of innovative products like the Intellidock™ has positioned inTEST favorably within the semiconductor industry’s growth trajectory.
inTEST Corporation (NYSE American: INTT) has announced its participation in two upcoming investor conferences: the DA Davidson Virtual Semicap, Laser and Optical Conference on December 15, 2020, and the 12th Annual Virtual CEO Summit on December 16, 2020. Richard N. Grant, Jr., President & CEO, and Hugh Regan, CFO, will represent the company. Investors can meet in one-on-one sessions during the DA Davidson conference and in group meetings during the CEO Summit, which features multiple company presentations and is limited to accredited investors. Registration is required by December 10, 2020.
inTEST Corporation (NYSE: INTT) reported a 9% sequential growth in net revenues for Q3 2020, totaling $14.4 million, and 4% increase in total bookings. Semi Market and Multimarket revenues accounted for 51% and 49% of total revenues respectively. Adjusted net earnings per diluted share rose to $0.07 from $0.05. However, year-to-date revenues decreased to $38.9 million from $47.0 million, with a net loss of $0.5 million. The company expressed optimism regarding improving market conditions despite ongoing COVID-19 challenges.
inTEST Corporation (NYSE American: INTT) announced the release of its financial results for the 2020 third quarter, scheduled for November 10, 2020, prior to market opening. A conference call will take place the same day at 8:30 AM EST, discussing the financial results and management's industry outlook. Investors can access the call through a dedicated phone line or via a live webcast on inTEST's website. A replay of the webcast will be available for one year. inTEST specializes in precision-engineered solutions across various sectors, aiming to enhance shareholder value.
inTEST Corporation (NYSE American: INTT), a global supplier of precision-engineered solutions, announced its participation in three upcoming virtual investor conferences: the LD Micro 500 Virtual Conference on September 2-4, the 2020 Colliers Virtual Institutional Investor Conference on September 10, and the Lake Street Capital Markets 2020 Best Ideas Growth (BIG4) Virtual Conference on September 17. CEO Richard Grant and CFO Hugh Regan will represent the company, with presentations and materials available on their website.
inTEST Corporation (NYSE American: INTT) announced the appointment of Richard N. “Nick” Grant, Jr. as President and CEO, effective August 24, 2020, succeeding James Pelrin after 19 years. Grant, previously with ABB, brings significant experience in enhancing customer relations and driving profitable growth. The Board expressed confidence in Grant's leadership to unlock potential and deliver value to stakeholders. Hugh Regan will serve as interim President until Grant's start date. The company focuses on precision-engineered solutions across various markets.
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