The earnings call highlighted strong cash generation and growth in specific markets such as auto/EV and life sciences, but was overshadowed by revenue declines in key segments, engineering delays, and significant market uncertainty due to tariffs. The company's proactive measures to manage costs and debt are positive, but challenges in the external environment and operational issues create a balanced sentiment.
Company Guidance
During the first quarter of 2025, InTest Corporation reported $26.6 million in revenue and a gross margin of 41.5%, while generating over $5 million in cash and reducing debt by more than $3 million. Despite facing challenges such as engineering delays that pushed $1.5 million in shipments out of the quarter, the company saw a year-over-year increase in sales to the auto/EV sector by $2 million, life sciences by $1 million, and other markets by $1.3 million. However, sales in the semiconductor sector decreased by $6 million, and industrial sales dropped by $1.2 million. The company implemented cost-control measures, including tight spending restrictions and leveraging government programs, in response to market conditions. First quarter orders increased by 11% year-over-year, driven by a 47% rise in industrial demand and a 25% increase in auto/EV demand. Backlog at the end of March was $38.2 million, with $5.8 million from Alfamation. For the second quarter, revenue is expected to be between $27 million and $29 million with a gross margin of approximately 42%.
Revenue and Gross Margin Performance
InTest delivered $26.6 million in revenue with gross margins of 41.5%, generating over $5 million in cash and reducing debt by more than $3 million.
Growth in Auto/EV and Life Sciences
Sales to auto/EV increased by $2 million, life sciences increased by $1 million, and other markets grew by $1.3 million year-over-year.
Strong Cash Position
The company generated $5.5 million of cash from operations, with cash and equivalents at the end of the first quarter at $22 million, up 11% from the trailing quarter.
Orders and Backlog
First quarter orders increased 11% year-over-year with a 47% increase in industrial demand driven by a $1.5 million order from a returning customer.
inTEST (INTT) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
INTT Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 02, 2025
$6.22
$5.96
-4.18%
Mar 07, 2025
$8.12
$7.79
-4.06%
Nov 01, 2024
$7.17
$7.48
+4.32%
Aug 02, 2024
$10.04
$7.76
-22.71%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does inTEST Corporation (INTT) report earnings?
inTEST Corporation (INTT) is schdueled to report earning on Aug 01, 2025, TBA Not Confirmed.
What is inTEST Corporation (INTT) earnings time?
inTEST Corporation (INTT) earnings time is at Aug 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.