inTEST Corp (INTT) Reports In-Line Q1 EPS; Offers FY23 Revenue Guidance

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Go back to inTEST Corp (INTT) Reports In-Line Q1 EPS; Offers FY23 Revenue Guidance

inTEST Consistent Strong Execution Validated by Revenue Growth of 32.5% Year-over-year in First Quarter 2023

May 5, 2023 6:30 AM EDT

Achieved revenue of $31.9 million, up 32.5% versus the first quarter of 2022, and at upper end of guidance range Strong gross margin of 47.2% reflects favorable mix and impact of pricing actions taken last year Delivered net income of $2.8 million and earnings per diluted share of $0.25; adjusted earnings per diluted share (Non-GAAP) (1) was $0.29 Adjusted EBITDA (Non-GAAP) (1) was $4.8 million and adjusted EBITDA margin (Non-GAAP) (1) was 15.1% Continued robust demand drove orders of $30.8 million in the quarter driven by Semi and Industrial markets; backlog of $45.7 million Continue to expect 2023 revenue in the range of $125... More