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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), a global supplier of innovative test and process technology solutions, announced its participation in the iAccess Alpha Buyside Best Ideas Virtual Fall Conference 2024. Key details include:
- Nick Grant (President & CEO) and Duncan Gilmour (CFO) will represent inTEST
- Presentation scheduled for September 24, 2024, at 10:00 a.m. Eastern Time
- Investor meetings to be held on September 25, 2024
- Live webcast and presentation materials will be available at intest.com/investor-relations
- Conference format: Company presentations on day one, one-on-one meetings on day two
This event provides an opportunity for investors to gain insights into inTEST's operations and future prospects in key markets such as automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor.
inTEST (NYSE American: INTT), a global supplier of innovative test and process technology solutions, has announced its participation in the upcoming Midwest IDEAS Conference. The event will take place at The Gwen in Chicago on Thursday, August 29, 2024.
Key highlights:
- Nick Grant, President & CEO, and Duncan Gilmour, CFO, will represent inTEST
- The presentation is scheduled for 10:00 a.m. Central Time
- A live webcast and presentation materials will be available on the company's investor relations website
- An archive of the presentation will be accessible after the conference
inTEST serves various key target markets, including automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor.
inTEST (NYSE American: INTT) reported Q2 2024 results with revenue growth of 4% year-over-year to a record $34.0 million, primarily due to the acquisition of Alfamation. The company faced challenges in the semiconductor industry, with sales down 46% year-over-year. Earnings per diluted share was $0.02, while adjusted EPS was $0.08. inTEST implemented cost-reduction measures, resulting in $1.2 million of annualized savings starting Q3. The company adjusted its 2024 guidance due to ongoing market conditions, expecting revenue between $128 million to $133 million for the full year.
inTEST (NYSE American: INTT), a global supplier of innovative test and process technology solutions, has announced its second quarter 2024 financial results conference call and webcast. The company will release its financial results before market opening on Friday, August 2, 2024. A conference call and webcast will follow at 8:30 a.m. Eastern Time to review the results and discuss corporate strategies and outlook.
Interested parties can join the call via phone at (201) 689-8263 or access the webcast and accompanying slide presentation on the company's website. A telephonic replay will be available until August 9, 2024, and a webcast replay can be accessed through the investor relations section of inTEST's website.
inTEST (NYSE American: INTT) announced that its President & CEO, Nick Grant, and CFO, Duncan Gilmour, will participate in two upcoming virtual events. The first is the Northland Capital Markets Growth Conference on June 25, 2024, where they will host virtual investor meetings. The second is the Noble Capital Markets Emerging Growth Virtual Equity Conference on June 27, 2024, where they will present at 10:30 a.m. ET. The presentation will be live-streamed and available on inTEST’s investor relations page. An archive of the presentation will also be accessible post-event.
inTEST (NYSE American: INTT), a global supplier of innovative test and process technology solutions, announced the launch of its new Acculogic hover sense non-contact probe technology for electric vehicle (EV) battery testing. This advanced technology uses magnetic field measurement techniques to evaluate the quality of EV battery interconnects without physical contact, thus eliminating risks of surface degradation and probe markings. The technology also accelerates test throughput by enabling parallel testing with multi-sensor fixtures. The hover sense technology can be integrated into the Stingray EVO500 Battery Tester, a platform with over ten years of production use and hundreds of thousands of battery arrays tested. This innovation aims to improve the reliability and performance of EV batteries. Further details will be presented at The Battery Show Europe 2024 in Stuttgart, Germany.
inTEST (NYSE American: INTT), a global supplier of innovative test and process technology solutions, announced that its President & CEO, Nick Grant, and CFO, Duncan Gilmour, will present at the East Coast IDEAS Conference on June 12, 2024. The event will take place at the Jay Conference Center in New York City at 1:20 p.m. Eastern Time. The presentation will be webcast live and archived for later viewing on the company's investor relations page.
inTEST (NYSE American: INTT) reported $29.8 million in revenue for the first quarter of 2024, representing a 7% increase sequentially. The revenue growth was driven by the Alfamation acquisition, which contributed $1.4 million. Despite a decline in overall sales compared to the prior year, the company adjusted its full-year revenue expectation to $140-150 million, reflecting an 18% growth over 2023. Earnings per diluted share were $0.05, while adjusted earnings per diluted share stood at $0.10. The company generated $2.1 million in cash from operations during the quarter, with cash at March 31, 2024, totaling $27.3 million.
inTEST (NYSE American: INTT) announced a four-year extension of its non-revolving delayed draw term loan and revolving credit facility, and a two-year extension of the draw-down window for the term loan. The maturity date of the term loan and revolving credit facility was extended to May 2, 2031, with a draw-down period until May 2, 2026. The Company has approximately $30 million available funding on the $50.5 million term loan and the full $10 million available under the revolving credit facility. Interest rates are based on the Secured Overnight Financing Rate (SOFR) or a bank-defined base rate plus an applicable margin of at least 2.1%, with an annual interest rate of approximately 7.4% based on current SOFR and leverage. The credit facility and term loan are secured by substantially all of the Company's assets.
inTEST (INTT) has launched the Temptronic RapidTemp™ BT28 ThermoStream®, a cutting-edge benchtop temperature test system for electronics and semiconductor thermal testing. The system offers precise temperature control, high accuracy, rapid transitions, and a compact design. It is aimed at industries such as semiconductor and electronics, providing top-tier performance in a small package. The BT28 is designed to enhance user experience, maximize workspace efficiency, and accelerate product development timelines.
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