- Net revenues of $21.8 million exceeded guidance; increased 12% sequentially and 64% year-over-year
- GAAP earnings per share of $0.24 increased $0.03 sequentially and $0.22 year-over-year
- Non-GAAP adjusted net earnings per diluted share was $0.27, at the high-end of guidance
MT. LAUREL, N.J., Aug. 06, 2021 (GLOBE NEWSWIRE) -- inTEST Corporation (NYSE American: INTT), a global supplier of innovative test and process solutions for use in manufacturing and testing across a wide range of markets, including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications, today announced financial results for the quarter ended June 30, 2021.
2021 Second Quarter Financial Summary
| ($ in Millions, Except Per Share Data) | Three Months Ended | ||||||||||
| 6/30/2021 | 3/31/2021 | 6/30/2020 | |||||||||
| Semi Market Bookings (1) | $ | 16.5 | $ | 17.2 | $ | 7.3 | |||||
| Multimarket Bookings (2) | 8.6 | 8.0 | 6.6 | ||||||||
| Total Bookings | $ | 25.1 | $ | 25.2 | $ | 13.9 | |||||
| Semi Market Bookings (1) - % of Total Bookings | 66 | % | 68 | % | 52 | % | |||||
| Multimarket Bookings (2) - % of Total Bookings | 34 | % | 32 | % | 48 | % | |||||
| Semi Market Net Revenues (1) | $ | 15.7 | $ | 13.3 | $ | 6.9 | |||||
| Multimarket Net Revenues (2) | 6.1 | 6.3 | 6.4 | ||||||||
| Total Net Revenues | $ | 21.8 | $ | 19.6 | $ | 13.3 | |||||
| Semi Market Net Revenues (1) - % of Total Net Revenues | 72 | % | 68 | % | 52 | % | |||||
| Multimarket Net Revenues (2) - % of Total Net Revenues | 28 | % | 32 | % | 48 | % | |||||
| Gross Margin | $ | 11.0 | $ | 9.5 | $ | 6.1 | |||||
| Gross Margin | 50 | % | 49 | % | 46 | % | |||||
| Net Earnings (GAAP) | $ | 2.6 | $ | 2.2 | $ | 0.2 | |||||
| Net Earnings per diluted share (GAAP) | $ | 0.24 | $ | 0. 21 | $ | 0.02 | |||||
| Adjusted Net Earnings (Non-GAAP) (3) | $ | 2.9 | $ | 2.5 | $ | 0.5 | |||||
| Adjusted Net Earnings per diluted share (Non-GAAP) (3) | $ | 0.27 | $ | 0.24 | $ | 0.05 | |||||
| EBITDA (Non-GAAP) (3) | $ | 3.5 | $ | 3.0 | $ | 0.7 | |||||
| As of | |||||||||||
| 6/30/2021 | 3/31/2021 | 12/31/2020 | |||||||||
| Cash and cash equivalents | $ | 14.6 | $ | 10.2 | $ | 10.3 | |||||
