inTEST Corp (INTT) Misses Q4 EPS by 4c

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Go back to inTEST Corp (INTT) Misses Q4 EPS by 4c

inTEST Reports Fourth Quarter 2021 Revenue Grew 50% and Guides to Revenue of over $100 Million in 2022

March 4, 2022 6:30 AM EST

50% revenue growth driven by key target markets led by both front-end and back-end semiconductor industry demand and the benefit of acquisitions Strong demand in semi, automotive, specifically EVs, and life sciences resulted in record annual orders of $101.9 million; front-end semiconductor market pushed quarterly orders to record $30.5 million Gross margin reflected less favorable product mix, supply chain constraints and inflation ahead of price realization Acquisition and financing expenses of $1.6 million in the quarter impacted operating income Company expects revenue in 2022 to be in the range of $110... More