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Overview of inTEST Corporation
inTEST Corporation (INTT) is a multifaceted supplier specializing in advanced test and process solutions for semiconductor manufacturing and diverse markets such as automotive, defense/aerospace, industrial, medical, and telecommunications. As a major supplier of semiconductor test equipment and thermal test systems, the company has established a reputation for engineering precision and comprehensive global service. Founded in 1981 in Cherry Hill, New Jersey, inTEST Corporation has developed an industry-recognized portfolio that addresses the precise demands of testing integrated circuits and wafer products.
Core Business Areas
The company operates through three main segments:
- Electronic Test: This segment focuses on semiconductor testing solutions, including equipment such as flying probe testers, in-circuit testers, and tester interfaces that are essential for ensuring the quality and reliability of integrated circuits.
- Environmental Technologies: Specializing in thermal test and process control, this segment supplies innovative thermal management systems critical for maintaining process integrity in applications that demand precise temperature control.
- Process Technologies: Offering products such as induction heating and video imaging solutions, this segment enhances manufacturing processes by providing state-of-the-art process technologies tailored to specific industry needs.
Technological Innovation and Global Presence
inTEST Corporation is admired for its ability to integrate cutting-edge technology with reliable, hands-on technical support. The company's dedication to engineering innovation is demonstrated through its continual development of advanced test head manipulators and docking hardware, which are essential for state-of-the-art semiconductor production. With operations spanning the globe, inTEST not only provides technology solutions but also ensures that customers benefit from world-class service and support. This service-centric approach has been a cornerstone of its growth strategy since its initial public offering in 1997, enabling it to expand its market presence systematically through strategic acquisitions and partnerships.
Market Position and Competitive Landscape
Positioned within a competitive industry that demands both technical excellence and operational efficiency, inTEST Corporation differentiates itself through its robust global service network and expertise in complex manufacturing test environments. By addressing the specific needs of semiconductor manufacturers and various other industries, the company has carved out a niche that leverages both technological innovation and personalized client support. Its history of acquiring complementary businesses has bolstered its product portfolio and allowed it to adapt to rapid technological changes and market demands.
Business Model and Revenue Streams
Their business model is built on the engineering, manufacturing, and marketing of test and process equipment that supports the manufacturing and quality assurance processes of electronic components. Revenue is generated primarily from direct sales of sophisticated testing systems and ongoing service agreements, as well as through strategic partnerships that expand market reach into diverse sectors including high-growth areas like biomedical and telecommunications. The integrated structure of their three operating segments promotes operational synergies, enabling the company to sustain a consistent presence across multiple facets of industrial manufacturing and testing.
Customer Focus and Technical Support
A key differentiator for inTEST is its commitment to customer satisfaction through close technical support and continuous service innovation. The company’s customer base spans semiconductor manufacturers as well as clients in automotive, aerospace, and medical technology sectors, all of whom rely on the uncompromising quality and reliability of its products. By investing in state-of-the-art technology and maintaining a high level of responsiveness, inTEST has built enduring relationships with clients across the globe.
Expertise and Industry Insight
inTEST Corporation’s deep expertise is reflected in its engineering-driven culture and long-standing presence in the semiconductor test equipment market. The company stays ahead of rapid industry evolutions through persistent research and development, strategic acquisitions, and a thorough understanding of market dynamics. This approach, combined with its comprehensive service model and ability to adapt to varied industry needs, underscores its established authority in this technologically complex field.
Comprehensive Product Offerings
In addition to its flagship product categories, inTEST offers a range of innovative solutions that encompass:
- Advanced test head manipulators that enhance the precision and efficiency of semiconductor tests.
- Docking hardware and tester interfaces designed to meet rigorous standards in electronic testing environments.
- Thermal test systems that provide regulated temperature control for critical manufacturing processes.
This extensive product lineup is complemented by top-tier technical services that ensure immediate, knowledgeable support wherever customers operate, making inTEST a reliable choice in global markets.
Strategic Partnerships and Industry Collaborations
The company has been proactive in establishing partnerships with other technology providers and distributors. These collaborations enable inTEST to offer integrated solutions that address specific industry challenges, such as advanced process cooling technologies and specialized test protocols for complex production environments. The diversity of these partnerships illustrates inTEST Corporation’s readiness to embrace market changes and technological trends, further reinforcing its authority in the semiconductor and industrial testing sectors.
Conclusion
inTEST Corporation’s long-standing position in the market is defined by its commitment to technological innovation, high-quality manufacturing standards, and unwavering global support. Serving a diverse clientele across multiple high-demand industries, the company remains a pivotal contributor to the advanced testing infrastructure that is critical for electronic manufacturing and process optimization. Its detailed product offerings, paired with a strategic approach to market penetration and customer service, solidify its authority as a trusted provider of test systems and process solutions.
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.
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.
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