Welcome to our dedicated page for Intest news (Ticker: INTT), a resource for investors and traders seeking the latest updates and insights on Intest stock.
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 (NYSE American: INTT) will host its first Investor & Analyst Day on March 24, 2022, in a hybrid format from Philadelphia, PA. The event starts at 9:00 a.m. ET and includes presentations from key executives, such as Nick Grant and Duncan Gilmour, focusing on the Company's 5-Point Strategy for growth. Viewers can submit questions during the event, with a replay and presentation slides available afterward. inTEST specializes in innovative test solutions in sectors like automotive and semiconductor.
inTEST Corporation reported a 50% revenue growth in Q4 2021, driven by demand in the semiconductor, automotive, and life sciences markets, achieving record annual orders of $101.9 million. However, gross margin decreased due to product mix and supply chain constraints. The company announced acquisitions totaling $1.6 million in expenses, affecting operating income.
Revenue for 2022 is projected between $110 million and $115 million, indicating a growth of over 30%.
inTEST Corporation (NYSE American: INTT) announced the appointment of Meghan Blount as Vice President of Human Resources. Blount brings extensive experience in talent management and employee engagement from her previous role at ABB. Nick Grant, inTEST President & CEO, emphasized her importance in advancing corporate culture and strategic initiatives. The company focuses on manufacturing and testing solutions across sectors like automotive and semiconductor, aiming for growth through innovation and acquisitions.
inTEST Corporation (NYSE American: INTT) is set to release its fourth quarter and full year 2021 financial results on March 4, 2022, before market opening. A conference call will follow at 8:30 a.m. ET to discuss the results, corporate strategies, and future outlook. Interested parties can access the call via phone or webcast. The performance metrics will be crucial for investors to assess the company's financial health and strategic direction moving forward.
inTEST Corporation has upgraded its engineering and sales operations for its backend semiconductor business by opening a new office in Fremont, CA. This relocation aims to streamline operations and lower costs, consolidating previously separate resources. Additionally, the company has moved its digital streaming and image capturing solutions to the High Tech Campus in Eindhoven, Netherlands, enhancing operational efficiencies and collaboration with technology firms. These strategic changes aim to strengthen market presence and drive growth through enhanced product development.
inTEST Corporation (NYSE American: INTT) will present at the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 4:15 p.m. Eastern Time. The presentation will be led by
inTEST Corporation (NYSE American: INTT) has completed its acquisition of Acculogic, Inc. for approximately USD$9 million. This strategic move is part of inTEST's 5-Point Growth Strategy to expand its global reach and enhance its product offerings. Acculogic, founded in 1992, specializes in electronic test solutions and generates approximately 75% of its revenue in the defense/aerospace, automotive, and life science sectors. The acquisition is expected to bolster inTEST's electronic test portfolio, allowing it to serve a broader customer base.
inTEST Corporation (NYSE American: INTT) announced the acquisition of Acculogic Inc., a robotics-based electronic test equipment manufacturer, for approximately $9 million. This strategic move aims to enhance inTEST's electronics test capabilities and diversify its customer base, particularly in electric vehicle battery testing. The acquisition is expected to add $9 million in annual revenue and to be accretive to earnings in 2022. Funding will come from existing credit facilities, with anticipated integration expenses of $0.05 per diluted share.
inTEST Corporation (NYSE American: INTT) has announced its participation in several upcoming investor conferences. The conferences include the Ladenburg Thalmann Tech Expo on November 18, 2021, the 10th Annual December CEO Summit on December 8, 2021, and the D.A. Davidson Virtual Semicap, Laser & Optical Conference on December 15, 2021. The CEO Summit requires proof of COVID vaccination for in-person attendance. Interested attendees should RSVP by November 29, 2021. For further details, visit www.intest.com.
inTEST Corporation (NYSE American: INTT) reported a 46% increase in net revenue to $21.1 million for the third quarter of 2021, fueled by strong demand in semiconductor and industrial markets. Despite a sequential decline in the semiconductor segment, it remains robust. The company achieved earnings per share of $0.20 and generated $4.3 million in cash from operations. Two acquisitions were completed post-quarter, expected to enhance earnings. A new credit facility was established to bolster financial flexibility.
FAQ
What is the current stock price of Intest (INTT)?
What is the market cap of Intest (INTT)?
What is the primary business of inTEST Corporation?
Which market segments does the company serve?
What are the three main business segments of inTEST Corporation?
How does inTEST Corporation differentiate itself from its competitors?
What types of products does inTEST manufacture?
How does the company support its global clientele?
What role do strategic partnerships play in inTEST Corporation’s operations?
How has inTEST Corporation evolved since its establishment?
