Reconciliation of Net Earnings (Loss) (GAAP) to Adjusted EBITDA (Non-GAAP):
| Three Months Ended | Years Ended | ||||||||||||||||
| 12/31/2018 | 12/31/2017 | 9/30/2018 | 12/31/2018 | 12/31/2017 | |||||||||||||
| Net earnings (loss) (GAAP) | $ | (792) | $ | (4,566) | $ | (566) | $ | 3,037 | $ | 975 | |||||||
| Acquired intangible amortization | 317 | 245 | 323 | 1,103 | 1,161 | ||||||||||||
| Interest expense | - | - | 1 | 1 | - | ||||||||||||
| Income tax expense | 295 | 55 | 728 | 2,006 | 2,863 | ||||||||||||
| Depreciation | 184 | 217 | 207 | 768 | 618 | ||||||||||||
| Contingent consideration liability adjustment | 2,828 | 7,525 | 3,057 | 6,901 | 6,976 | ||||||||||||
| Adjusted EBITDA (Non-GAAP) | $ | 2,832 | $ | 3,476 | $ | 3,750 | $ | 13,816 | $ | 12.593 | |||||||
Supplemental Information – Reconciliation of First Quarter 2019 Estimated Net Earnings Per Share – Diluted (GAAP) to Estimated Adjusted Net Earnings Per Share – Diluted (Non-GAAP):
| Low | High | |||||
| Estimated net earnings per share – diluted (GAAP) | $ | 0.10 | $ | 0.15 | ||
| Acquired intangible amortization | 0.03 | 0.03 | ||||
| Contingent consideration liability adjustment | - | - | ||||
| Tax adjustments | 0.00 | 0.00 | ||||
| Estimated adjusted net earnings per share – diluted (Non-GAAP) | $ | 0.13 | $ | 0.18 | ||
Contacts inTEST Corporation Hugh T. Regan, Jr. Treasurer and Chief Financial Officer Tel: 856-505-8999 Investors: Laura Guerrant-Oiye, Principal Guerrant Associates lguerrant@guerrantir.com Tel: (808) 960-2642
