inTEST Reports 2020 First Quarter Financial Results

Reconciliation of Net Earnings (Loss) (GAAP) to Adjusted Net Earnings (Loss) (Non-GAAP) and Net Earnings (Loss) Per Share – Diluted (GAAP) to Adjusted Net Earnings (Loss) Per Share – Diluted (Non-GAAP):

  Three Months Ended
  3/31/2020   12/31/2019   3/31/2019
      
Net earnings (loss) (GAAP)$ (1,143) $  724  $  1,138  
  Acquired intangible amortization 311    313   317  
  Contingent consideration liability adjustment       
  Tax adjustments (4)    (5)
Adjusted net earnings (loss) (Non-GAAP)$ (836) $  1,040  $  1,450  
      
Diluted weighted average shares outstanding 10,221    10,299   10,414  
      
Net earnings (loss) per share – diluted:          
  Net earnings (loss) (GAAP) $   (0.11 )   $    0.07    $   0.11   
  Acquired intangible amortization   0.03        0.03      0.03   
  Contingent consideration liability adjustment              
  Tax adjustments              
Adjusted net earnings (loss) per share – diluted (Non-GAAP) $   (0.08 )   $   0.10    $   0.14   

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