inTEST Reports 2019 Fourth Quarter and Year End Financial Results
| (1 | ) | Semi Market: These amounts include all bookings and net revenues from the semiconductor market. |
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| (2 | ) | Multimarket: Formerly referred to as “Non Semi Bookings” and “Non Semi Net Revenues.” These amounts include all bookings and net revenues from markets other than the semiconductor market. |
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| (3 | ) | Consolidated results for the fourth quarter of 2018 include a $2.8 million increase in the liability for contingent consideration. |
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| (4 | ) | There were no adjustments for contingent consideration in 2019. Further information can be found under “Non-GAAP Results.” See also the reconciliation of GAAP financial measures to non-GAAP financial measures that accompanies this earnings release. |
2019 Year End Financial Summary
|
($ in Millions, Except Per Share Data) |
Years Ended |
|
|
12/31/2019 |
12/31/2018 |
| Semi Market Bookings (5) | $ | 25.4 | | $ | 45.9 | |
| Multimarket Bookings (6) | | 27.4 | | | 32.3 | |
| Total Bookings | $ | 52.8 | | $ | 78.2 | |
| | | |
| Semi Market Bookings (5) - % of Total Bookings | | 48 | % | | 59 | % |
| Multimarket Bookings (6) - % of Total Bookings | | 52 | % | | 41 | % |
| | | |
| Semi Market Net Revenues (5) | $ | 31.0 | | $ | 45.4 | |
| Multimarket Net Revenues (6) | | 29.7 | | | 33.2 | |
| Total Net Revenues | $ | 60.7 | | $ | 78.6 | |
| | | |
| Semi Market Net Revenues (5) - % of Total Net Revenues | | 51 | % | | 58 | % |
| Multimarket Net Revenues (6) - % of Total Net Revenues | | 49 | % | | 42 | % |
| | | |
| Gross Margin | $ | 29.2 | | $ | 39.4 | |
| Gross Margin | | 48 | % | | 50 | % |
| | | |
| Net Earnings (GAAP) (7) | $ | 2.3 | | $ | 3.0 | |
| Net Earnings per diluted share (GAAP) (7) | $ | 0.22 | | $ | 0.29 | |
| | | |
| Adjusted Net Earnings (Non-GAAP) (8) | $ | 3.6 | | $ | 11.0 | |
| Adjusted Net Earnings per diluted share (Non-GAAP) (8) | $ | 0.34 | | $ | 1.06 | |
| | | |
| Adjusted EBITDA (Non-GAAP) (8) | $ | 4.5 | | $ | 13.8 | |
