inTEST (INTT) AI Stock Analysis

• Market Cap: $101.07M
• Dividend Yield: N/A
• Average Volume (3M): 45.06K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.26
• Revenue Growth: -0.81%
• EPS Growth: -117.62%
• Country: US
• Employees: 393
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.03
• Shares Outstanding: 12,477,676
• 10 Day Avg. Volume: 56,669
• 30 Day Avg. Volume: 45,060
• PEG Ratio: -0.51
• Price to Book (P/B): 1.05
• Price to Sales (P/S): 0.80
• P/FCF Ratio: 41.80
• Enterprise Value/Market Cap: 0.89
• Enterprise Value/Revenue: 0.74
• Enterprise Value/Gross Profit: 1.75
• Enterprise Value/Ebitda: 17.10
• 1Y Price Target: $8.00
• Price Target Upside: -8.26% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 67 Neutral
• Price Target: $9.00 ▲(3.21% Upside)

inTEST's overall stock score is driven by a stable financial position and positive technical indicators. However, challenges in profitability and valuation concerns due to negative earnings weigh on the score. The earnings call provides some optimism with strategic growth initiatives and cost control measures, but the overall outlook remains cautious.

Positive Factors

Debt Reduction

inTEST's successful debt reduction enhances financial stability and flexibility, allowing for potential reinvestment in growth initiatives and reducing interest expenses.

Strategic Market Expansion

The expansion in Malaysia positions inTEST to capitalize on regional growth opportunities and improve cost efficiency, supporting long-term market presence and competitiveness.

New Product Sales Growth

Strong contribution from new products indicates successful innovation and aligns with strategic goals, potentially driving future revenue growth and market differentiation.

Negative Factors

Revenue Decline

The year-over-year revenue decline highlights challenges in maintaining sales momentum, which could impact long-term growth if not addressed.

Net Loss

The net loss underscores profitability challenges, potentially affecting investor confidence and limiting resources for strategic investments.

Semi Market Weakness

Weakness in the semiconductor market could hinder inTEST's revenue growth and operational efficiency, impacting long-term performance in this key segment.

inTEST Business Overview & Revenue Model

Company Description

inTEST Corporation supplies test and process solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through two segments, Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS). The Thermal segment offers ThermoStream products that are used in the semi market as a stand-alone temperature management tool, or in various electronic test applications; Thermal Chambers; Thermal Platforms; Thermonics temperature conditioning products that provide tempered gas or fluid; ultra-cold storage solutions, including biomedical freezers, refrigerators, and mobile storage solutions; EKOHEAT and EASYHEAT induction heating systems; and digital streaming and image capturing solutions. The EMS segment provides in2, Cobal, and LS series manipulators that hold various test heads and enable an operator to reposition a test head for alternate use with various probers or handlers on a test floor; and docking hardware products, which protect the interface contacts and ensure proper repeatable and precise alignment between the test head's interface board and the prober's probing assembly or the handler's test socket. This segment also offers tester interfaces that provide electrical connections between the tester and the wafer prober or integrated circuit (IC) handler; and scorpion flying probe test systems, which designs and manufactures robotics-based electronic test equipment, as well as provides application support services. Its products are used in production testing of wafers and specialized packaged ICs in back-end testing by semiconductor manufacturers. The company markets and sells its products to semiconductor manufacturers, third-party foundries, test and assembly providers, and original equipment manufacturers. inTEST Corporation was incorporated in 1981 and is headquartered in Mount Laurel, New Jersey.

How the Company Makes Money

inTEST generates revenue through the sale of its test and measurement products, which are used by semiconductor manufacturers and electronic device makers to ensure quality and performance. The company earns revenue from both direct sales and through partnerships with major semiconductor and electronics firms. Key revenue streams include the sale of test fixtures and systems, thermal solutions, and software tools that aid in test process automation. Additionally, inTEST benefits from service agreements that provide ongoing support and maintenance for their products, ensuring a steady income from existing clients. The company's strategic partnerships with major industry players also help boost sales and expand market reach, contributing to its overall earnings.

inTEST Financial Statement Overview

Summary

inTEST exhibits a strong financial position with substantial revenue growth over the years and a solid equity base. While profitability margins have come under pressure recently, and debt levels have increased, the company's ability to generate cash flow remains robust. Continued focus on improving operational efficiencies and managing debt will be crucial for sustaining its financial health.

Income Statement

The company has demonstrated a strong revenue growth trend over the years, with a notable increase from 2020 to 2025. However, the TTM period shows a decline in total revenue compared to the previous year. Gross profit margin remains healthy, but the net profit margin turned negative in the TTM, signaling a potential area of concern. EBIT and EBITDA margins have also weakened recently, indicating challenges in operational efficiency.

Balance Sheet

The company's balance sheet reflects a solid equity position with a consistent increase in stockholders' equity. The debt-to-equity ratio remains manageable, and the equity ratio is strong, indicating financial stability. However, the increase in total debt over the TTM period calls for cautious monitoring.

Cash Flow

inTEST has shown a positive trend in free cash flow, with significant growth in recent years. The operating cash flow to net income ratio is strong, reflecting good cash generation capability. However, the TTM period shows a decline in cash flow from operations, and the company's free cash flow growth rate has slowed down compared to the previous periods.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	121.64M	130.69M	123.30M	116.83M	84.88M	53.82M
Gross Profit	51.58M	55.42M	56.98M	53.44M	41.22M	24.10M
EBITDA	5.27M	9.74M	16.41M	15.51M	11.55M	1.93M
Net Income	-833.00K	2.89M	9.34M	8.46M	7.28M	-895.00K
Balance Sheet
Total Assets	149.65M	152.29M	134.83M	110.07M	103.91M	62.03M
Cash, Cash Equivalents and Short-Term Investments	19.25M	19.83M	45.26M	13.43M	21.20M	10.28M
Total Debt	20.51M	26.04M	17.46M	22.49M	26.72M	7.26M
Total Liabilities	47.06M	52.50M	38.55M	45.11M	49.08M	17.28M
Stockholders Equity	102.59M	99.79M	96.28M	64.96M	54.82M	44.75M
Cash Flow
Free Cash Flow	10.32M	2.50M	14.91M	-2.75M	9.84M	2.59M
Operating Cash Flow	11.68M	3.82M	16.20M	-1.39M	10.83M	3.25M
Investing Cash Flow	-1.36M	-20.05M	-1.29M	-1.17M	-21.37M	-648.00K
Financing Cash Flow	-12.39M	-8.64M	15.61M	-3.73M	21.73M	-74.00K

inTEST Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.72
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INTT, the sentiment is Positive. The current price of 8.72 is above the 20-day moving average (MA) of 8.18, above the 50-day MA of 7.67, and above the 200-day MA of 7.36, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 58.92 is Neutral, neither overbought nor oversold. The STOCH value of 56.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INTT.

inTEST Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INTT	67 Neutral	$101.07M	-126.56	-0.82%	―	-0.81%	-117.62%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
COHU	56 Neutral	$1.02B	-12.05	-10.09%	―	-21.27%	-207.30%
AEHR	51 Neutral	$710.56M	―	-5.43%	―	-3.23%	-122.16%
MX	49 Neutral	$108.13M	―	-7.81%	―	4.09%	9.30%
ASYS	48 Neutral	$109.36M	―	-47.86%	―	-20.20%	-58.57%
PXLW	45 Neutral	$45.97M	-1.33	―	―	-44.05%	-2.33%

inTEST Corporate Events

InTEST Corp’s Q2 Earnings Call: Mixed Sentiments and Strategic Moves

The recent earnings call for inTEST Corporation reflected a balanced sentiment, highlighting both achievements and challenges. The company made significant strides in debt reduction, strategic expansions, and order growth in key markets. However, these positive developments were tempered by ongoing challenges in the semiconductor market, a year-over-year revenue decline, and a reported net loss.

InTest Corporation Reports Strong Q2 2025 Performance

InTest Corporation is a global supplier of test and process technology solutions catering to industries such as semiconductor, automotive/EV, defense/aerospace, industrial, life sciences, and safety/security, known for addressing complex thermal, mechanical, and electronic challenges worldwide.