inTest (AMEX:INTT) Azioni

inTest

inTest Corporation

inTest Corp is a supplier of test and process solutions for use in manufacturing and testing across a range of markets including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications. The company manages its business as three operating segments which is also their reporting units that includes Electronic Test, Environmental Technologies and Process Technologies. Electronic Test (which includes semiconductor test equipment, flying probe and in-circuit testers), Environmental Technologies (which includes its thermal test, process and storage products) and Process Technologies (which includes induction heating and video imaging products). The company operates their business and sells its products both domestically and internationally.

inTest Corp

News

Guidance

INTT

inTEST Expects Q1 Revenue To Be $27M - $29M (Est $31.6M) With Gross Margin Of Approximately 41%

Buybacks

inTEST Board Renews Its $10M Stock Repurchase Plan Which Has Approximately $9M Remaining

inTEST Expects 2025 Revenue To Be Approximately $125M - $135M (Est $136.676M) And Profitability To Gradually Improve Throughout The Year

inTest (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INTT#AMEX">INTT</a>) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.13 by 76.92 percent. This is a 43.75 percent increase over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $36.60 million which beat the analyst consensus estimate of $34.92 million by 4.80 percent. This is a 31.27 percent increase over sales of $27.88 million the same period last year.

Earnings

Earnings Beats

inTest Q4 2024 Adj EPS $0.23 Beats $0.13 Estimate, Sales $36.60M Beat $34.92M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Creative Media (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCT#NASDAQ">CMCT</a>) is estimated to report quarterly loss at $6.50 per share on revenue of $16.62 million. 
• Lifeward (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFWD#NASDAQ">LFWD</a>) is estimated to report quarterly loss at $0.20 per share on revenue of $7.30 million. 
• Mammoth Energy Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TUSK#NASDAQ">TUSK</a>) is estimated to report quarterly loss at $0.02 per share on revenue of $46.70 million. 
• BeOne Medicines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONC#NASDAQ">ONC</a>) is projected to report earnings for its fourth quarter. 
• Oncolytics Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONCY#NASDAQ">ONCY</a>) is estimated to report earnings for its fourth quarter. 
• Advantage Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADV#NASDAQ">ADV</a>) is projected to report quarterly earnings at $0.12 per share on revenue of $863.39 million. 
• inTest (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INTT#AMEX">INTT</a>) is projected to report quarterly earnings at $0.14 per share on revenue of $35.25 million. 
• Genesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) is projected to report quarterly earnings at $3.23 per share on revenue of $736.11 million. 
• YPF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YPF#NYSE">YPF</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $3.97 billion. 
• Element Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) is expected to report quarterly earnings at $0.05 per share on revenue of $432.38 million. 
• WhiteHorse Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHF#NASDAQ">WHF</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $22.53 million. 
• Algonquin Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AQN#NYSE">AQN</a>) is likely to report quarterly earnings at $0.09 per share on revenue of $642.37 million. 
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CMCT

LFWD

ONCY

TUSK

Earnings Scheduled For March 7, 2025

The consolidation of Videology operations is being undertaken to increase efficiencies and lower operating costs associated with the current operation of Videology.&nbsp;
The consolidation is expected to be substantially completed by the end of 2025 at which point the Company intends to fully vacate the Netherlands facility.
As a result of this action, the Company expects to incur cash charges for severance and other one-time termination benefits of $350,000.&nbsp;
In addition, the Company expects to incur cash charges for other costs related to the facility consolidation, including moving costs, costs associated with the termination of the Netherlands facility lease and other consolidation costs, ranging from $200,000 to $300,000.

inTEST Intends To Consolidate All Videology Operations In The Netherlands Into Facility In Mansfield, Massachusetts; Plan Would Result In Closure Of  Netherlands Facility And Termination Of Certain Employees At That Location - Filing

<h3>Gainers</h3>
<ul>
<li>Cyngn (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares increased by 19.0% to $0.08 during Wednesday's pre-market session. The company's market cap stands at $1.8 million. </li>
<li>Aviat Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) stock moved upwards by 14.59% to $23.55. The company's market cap stands at $298.8 million. As per the press release, Q2 earnings came out yesterday. </li>
<li>Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) stock increased by 8.28% to $9.54. The company's market cap stands at $57.1 million. </li>
<li>Radcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDCM#NASDAQ">RDCM</a>) shares increased by 7.58% to $13.9. The market value of their outstanding shares is at $220.7 million. </li>
<li>TTM Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTMI#NASDAQ">TTMI</a>) shares increased by 6.95% to $25.99. The market value of their outstanding shares is at $2.6 billion. The company's, Q4 earnings came out today. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares moved upwards by 5.97% to $3.37. The market value of their outstanding shares is at $3.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>inTest (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INTT#AMEX">INTT</a>) shares declined by 14.0% to $7.81 during Wednesday's pre-market session. The company's market cap stands at $96.6 million. </li>
<li>Cohu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) stock declined by 12.11% to $20.12. The company's market cap stands at $937.8 million. </li>
<li>Vislink Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VISL#NASDAQ">VISL</a>) shares declined by 9.17% to $2.28. The company's market cap stands at $5.6 million. </li>
<li>Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) stock decreased by 8.67% to $109.15. The company's market cap stands at $177.1 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Intapp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTA#NASDAQ">INTA</a>) stock decreased by 7.77% to $67.8. The market value of their outstanding shares is at $5.2 billion. The company's, Q2 earnings came out yesterday. </li>
<li>Fair Isaac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) shares declined by 7.45% to $1675.0. The market value of their outstanding shares is at $40.9 billion. As per the press release, Q1 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

AVNW

COHU

FICO

INTA

RDCM

TTMI

VISL

12 Information Technology Stocks Moving In Wednesday's Pre-Market Session

Northland Capital Markets analyst Ted Jackson maintains inTest (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INTT#AMEX">INTT</a>) with a Outperform and raises the price target from $13 to $16.

Price Target

Analyst Ratings

Northland Capital Markets Maintains Outperform on inTest, Raises Price Target to $16

Northland Capital Markets analyst Ted Jackson upgrades inTest (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INTT#AMEX">INTT</a>) from Market Perform to Outperform and maintains the price target from $13 to $13.

Upgrades

Northland Capital Markets Upgrades inTest to Outperform, Maintains Price Target to $13

Northland Capital Markets analyst Ted Jackson maintains inTest (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INTT#AMEX">INTT</a>) with a Market Perform and raises the price target from $10 to $13.

Northland Capital Markets Maintains Market Perform on inTest, Raises Price Target to $13

Fourth Quarter and Full Year 2024 Outlook
The Company has tightened the overall range of its expectations for the full year and is providing its fourth quarter financial guidance as shown in the table below. The Company continues to expect the effective tax rate for the year to be approximately 17% to 19%.
Fourth quarter 2024 interest expense is expected to be approximately $210,000. EPS and adjusted EPS (Non-GAAP)3 at the mid-point of the estimates for the quarter are approximately $0.08 and $0.14, respectively and is based on approximately 12,150,000 weighted average shares. Capital expenditures are expected to continue to be approximately 1% to 2% of revenue.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">(As of November 1, 2024)</td>
<td colspan="1" rowspan="1">Fourth Quarter Guidance</td>
<td colspan="1" rowspan="1">Full Year Guidance</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">$34 million to $37 million</td>
<td colspan="1" rowspan="1">$128 million to $131 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Gross margin</td>
<td colspan="1" rowspan="1">Approximately 42%</td>
<td colspan="1" rowspan="1">42% to 43%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating expenses</td>
<td colspan="1" rowspan="1">Approximately $13.5 million</td>
<td colspan="1" rowspan="1">Approximately $53 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Intangible asset amort expense</td>
<td colspan="1" rowspan="1">Approximately $0.9 million</td>
<td colspan="1" rowspan="1">Approximately $3.3 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Intangible asset amort exp. After tax</td>
<td colspan="1" rowspan="1">Approximately $0.7 million</td>
<td colspan="1" rowspan="1">Approximately $2.7 million</td>
</tr>
</tbody>
</table>
</figure>
The foregoing guidance is based on management's current views with respect to operating and market conditions and customers' forecasts. It also assumes macroeconomic conditions remain unchanged through the end of the year. Actual results may differ materially from what is provided here today as a result of, among other things, the factors described under "Forward-Looking Statements" below. Further information about non-GAAP measures can be found under "Non-GAAP Financial Measures" and the reconciliations of GAAP financial measures to non-GAAP financial measures that accompany this press release.

CORRECTION: inTEST Expects Q4 Revenue Of $34M - $37M (Est $33.68M), Tightens FY24 Outlook From $128M - $133M To $128M - $131M (Est $130.472M)

inTest (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INTT#AMEX">INTT</a>) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $0.07 by 42.86 percent. The company reported quarterly sales of $30.27 million which missed the analyst consensus estimate of $32.99 million by 8.24 percent.&nbsp;

Earnings Misses

inTest Q3 2024 Adj EPS $0.10 Beats $0.07 Estimate, Sales $30.27M Miss $32.99M Estimate

A new SEC filing reveals that Joseph W. Dews IV, Board Member at inTest (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INTT#AMEX">INTT</a>), made a notable insider purchase on August 15,.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001036262/000106299324015173//Archives/edgar/data/1036262/000106299324015173/0001062993-24-015173-index.htm">U.S. Securities and Exchange Commission</a> on Thursday unveiled that IV made a notable purchase of 10,900 shares of inTest, valuing at $74,120.
During Friday's morning session, inTest shares up by 0.69%, currently priced at $7.34.
<h3>Unveiling the Story Behind inTest</h3>
inTest Corp is a supplier of test and process solutions for use in manufacturing and testing across a range of markets including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications. The company manages its business as three operating segments which is also their reporting units that includes Electronic Test, Environmental Technologies and Process Technologies. Electronic Test (which includes semiconductor test equipment, flying probe and in-circuit testers), Environmental Technologies (which includes its thermal test, process and storage products) and Process Technologies (which includes induction heating and video imaging products). They operate their business worldwide and sells its products both domestically and internationally.
<h3>Breaking Down inTest's Financial Performance</h3>
Positive Revenue Trend: Examining inTest's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.4% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: With a low gross margin of 40.59%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): inTest's EPS is below the industry average. The company faced challenges with a current EPS of 0.02. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: inTest's debt-to-equity ratio is below the industry average. With a ratio of 0.33, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 19.7 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.73, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 9.26, inTest's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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<h3>Unmasking the Significance of Insider Transactions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001036262">Check Out The Full List Of inTest's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Massive Insider Trade At inTest

Northland Capital Markets analyst Ted Jackson downgrades inTest (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INTT#AMEX">INTT</a>) from Outperform to Market Perform and lowers the price target from $15 to $10.

Downgrades

Northland Capital Markets Downgrades inTest to Market Perform, Lowers Price Target to $10

WIIM

InTest shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 revenue guidance below estimates.

InTest Cuts FY24 Revenue From $140M-$150M To $128M-$133M Vs $143.44M Est.

InTest Expects Q3 Revenue To Be Slightly Lower Than Q2 While Gross Margin Is Expected To Improve Somewhat Based On Better Mix

inTest (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INTT#AMEX">INTT</a>) reported quarterly earnings of $0.08 per share which missed the analyst consensus estimate of $0.14 by 42.86 percent. This is a 71.43 percent decrease over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $33.99 million which missed the analyst consensus estimate of $34.93 million by 2.69 percent. This is a 4.40 percent increase over sales of $32.56 million the same period last year.

inTest Q2 Adj $0.08 Misses $0.14 Estimate, Sales $33.99M Miss $34.93M Estimate

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.intest.com%2F&amp;esheet=54067194&amp;newsitemid=20240617128549&amp;lan=en-US&amp;anchor=inTEST+Corporation&amp;index=1&amp;md5=f9c841f177ed143cdd3166e87dfedbbe">inTEST Corporation</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INTT#NYSE">INTT</a>), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor ("semi"), today announced the launch of its Electronic Test Division's latest innovation for electric vehicle (EV) battery testing technology. The <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.acculogic.com%2Fproducts%2Fhoversense&amp;esheet=54067194&amp;newsitemid=20240617128549&amp;lan=en-US&amp;anchor=Acculogic+patent-pending+hover+sense+non-contact+technology&amp;index=2&amp;md5=53138e240c6cc7a42ada2e3589c6ead4">Acculogic patent-pending hover sense non-contact technology</a> represents a significant leap forward in validating the quality and reliability of EV battery interconnects. EVs rely heavily on the efficiency and dependability of their battery systems. The systems include numerous cell interconnects that are critical to the battery's overall performance and affect everything from power output to charge times.

inTEST Launches Innovative Hover Sense Non-Contact Probe Testing Technology For Electric Vehicle Battery Testing

Lake Street analyst Jaeson Schmidt maintains inTest (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INTT#AMEX">INTT</a>) with a Buy and lowers the price target from $19 to $16.

Lake Street Maintains Buy on inTest, Lowers Price Target to $16

Press Releases

Prodigy Processing Solutions Announces Strategic Partnership with inTEST Thermal Solutions

inTEST Corporation Expands Distributor Channels to Broaden Geographic Reach and Increase Target Market Share

inTEST Schedules Fourth Quarter and Full Year 2024 Financial Results Conference Call and Webcast

inTEST Reports Fourth Quarter 2024 Revenue Grew 31% and Operating Income Increased 87% Year-over-Year

inTEST Corporation Renews Stock Repurchase Plan

inTEST to Host Investor & Analyst Strategy Briefing

InTest Announces VISION 2030 Strategy for Growth

InTest Rings NYSE Opening Bell with Launch of VISION 2030 Strategy

InTest Recognized for Excellence by Texas Instruments

InTest Schedules First Quarter 2025 Financial Results Conference Call and Webcast

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