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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 Corporation reported a 12% organic revenue growth year-over-year, achieving GAAP earnings per diluted share of $0.20 and non-GAAP adjusted earnings of $0.25. The company experienced a 23% sequential growth in revenue and a record backlog of $46 million. Demand surged across key markets, with significant order growth of 61.7% year-over-year. Despite ongoing supply chain constraints, inTEST expects 2022 revenue between $110 million to $115 million, supported by strong customer demand and strategic acquisitions.
inTEST Corporation (NYSE American: INTT) announces the release of its second quarter 2022 financial results scheduled for August 4, 2022, after market close. The company will hold a conference call at 4:45 p.m. ET the same day, including a Q&A session. inTEST provides innovative testing and process solutions in sectors like automotive, aerospace, industrial, and semiconductor manufacturing. The company aims to grow through organic methods and acquisitions by leveraging engineering expertise and operational excellence.
inTEST Corporation (NYSE American: INTT) has expanded its manipulator product line with the launch of the LSC manipulator, now in full production. This versatile manipulator is designed to support test systems weighing up to 400kg, enhancing floor space efficiency while complementing existing products. The LSC's compatibility with probers and vertical plane handlers, along with its cost-effective solution for mid-weight Automated Test Equipment, positions inTEST advantageously in various markets, including automotive and semiconductor.
inTEST Corporation (NYSE American: INTT) announced its participation in the Stifel Cross Sector Insight Conference in Boston, MA, on June 8, 2022. President & CEO Nick Grant and CFO Duncan Gilmour will present at 9:45 a.m. Eastern Time. A live webcast and presentation materials will be accessible on the company's investor relations site. inTEST provides innovative test and process solutions for various industries, including automotive, defense/aerospace, and semiconductor manufacturing, capitalizing on decades of engineering expertise.
inTEST Corporation (NYSE American: INTT) reported a revenue increase to $24.1 million for Q1 2022, with GAAP earnings per diluted share at $0.05 and non-GAAP adjusted earnings at $0.12. Orders totaled $25.1 million, boosting a record backlog of $35.0 million. Despite supply chain issues impacting revenue by approximately $1 million, demand remains strong, particularly in the automotive and life sciences sectors. The company maintains its full-year outlook of $110 million to $115 million revenue, anticipating growth of over 30%.
inTEST Corporation has launched a new Ambrell Applications Laboratory in Monterrey, Mexico, enhancing access to its induction heating technology for the Latin American market. This facility, established in collaboration with EPGA Induction, will provide regional customers opportunities to test and develop solutions tailored to their production needs. The induction heating systems range from 500 W to 1,000 kW and support various applications like brazing and heat treating. An Open House event is scheduled for May 6th to showcase these capabilities.
inTEST Corporation (NYSE American: INTT) has announced that President & CEO Nick Grant and CFO Duncan Gilmour will present at the Annual Sidoti Virtual Micro Cap Conference on May 11, 2022, at 8:30 a.m. Eastern Time. A live webcast of the presentation will be accessible on their investor relations website, along with materials for attendees. inTEST specializes in innovative test and process solutions across various sectors, including automotive, defense, and semiconductor manufacturing, aiming for organic growth through technology and market expansion.
inTEST Corporation (NYSE American: INTT) will release its first quarter 2022 financial results on May 6, 2022, before market opening. The company will hold a conference call and webcast at 8:30 a.m. ET to discuss its results and corporate strategies. A replay of the call will be available until May 13, 2022. inTEST specializes in test and process solutions for manufacturing across various sectors, emphasizing operational excellence and innovative technologies.
inTEST Corporation, a global supplier in manufacturing and testing solutions, has announced a corporate reorganization and promoted three division leaders to corporate officers. The company aims to achieve a revenue goal between
inTEST Corporation (NYSE American: INTT) has launched the North Sciences brand via its thermal segment subsidiary, inTEST Thermal Solutions. This new line of products, stemming from the acquisition of Z-Sciences in October 2021, includes enhanced cold storage solutions for biomedical applications. The Eco-friendly ThermoStream Systems, designed for energy efficiency and reliability, highlight cutting-edge technology with temperature ranges from -60°C to 200°C. The company's focus on innovative testing solutions reinforces its status in critical markets such as automotive, aerospace, and life sciences.
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