inTEST (INTT) AI Stock Analysis

• Market Cap: $76.08M
• Dividend Yield: N/A
• Average Volume (3M): 44.04K
• Price to Earnings (P/E): 25.2
• Beta (1Y): 1.34
• Revenue Growth: 5.19%
• EPS Growth: -101.31%
• Country: US
• Employees: 393
• Sector: Technology
• Sector Strength: 77
• Industry: Semiconductors
• EPS (TTM): -0.11
• Shares Outstanding: 12,492,809
• 10 Day Avg. Volume: 51,283
• 30 Day Avg. Volume: 44,038
• PEG Ratio: 6.64
• Price to Book (P/B): 0.70
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $8.00
• Price Target Upside: 32.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

inTEST Corporation's stock is rated at 70, reflecting a solid but challenged financial performance, with strong growth in certain markets and a robust cash position. Technical indicators suggest bearish momentum, and valuation is moderate. The recent earnings call highlighted both opportunities and challenges, while the VISION 2030 strategy presents an optimistic long-term growth plan.

Positive Factors

Acquisitions

The company has a team in place to successfully identify and integrate future acquisitions, which are expected to be a significant part of the growth story.

Growth Strategy

The VISION 2030 strategy outlines a strong, achievable roadmap for growth, with management noting better accounting for market cycles compared to previous targets.

Negative Factors

Macroeconomic Environment

The near term remains challenged by the macroeconomic environment, but there is an expectation for incremental improvement as the company progresses.

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 Corporation generates revenue through the sale of its specialized products and solutions that cater to multiple high-tech industries. The company earns its income by providing advanced temperature management solutions that are critical for thermal testing and conditioning in electronics manufacturing and other industrial applications. Additionally, inTEST's process cooling technologies are integral in maintaining operational efficiencies in various industrial processes. Furthermore, the company's semiconductor test equipment is essential for the testing and validation of semiconductor devices, a crucial step in electronics manufacturing. Significant partnerships with leading companies in each industry, as well as ongoing innovation and product development, contribute to sustaining and expanding inTEST's revenue streams.

inTEST Financial Statement Overview

Summary

Overall, 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
127.50M	130.69M	123.30M	116.83M	84.88M	53.82M
	Gross Profit
53.40M	55.42M	56.98M	53.44M	41.22M	24.10M
	EBIT
21.00K	3.39M	10.44M	10.72M	5.89M	-1.82M
	EBITDA
4.39M	9.74M	16.41M	10.72M	11.55M	1.93M
	Net Income Common Stockholders
-100.00K	2.89M	9.34M	8.46M	7.28M	-895.00K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
22.05M	19.83M	45.26M	13.43M	21.20M	10.28M
	Total Assets
148.03M	152.29M	134.83M	110.07M	102.97M	62.03M
	Total Debt
17.53M	26.04M	17.46M	22.49M	26.72M	7.26M
	Net Debt
-4.52M	6.21M	-27.80M	9.06M	5.52M	-3.01M
	Total Liabilities
48.63M	52.50M	38.55M	45.11M	48.15M	17.28M
	Stockholders Equity
99.39M	99.79M	96.28M	64.96M	54.82M	44.75M
Cash Flow		Free Cash Flow
6.07M	2.50M	14.91M	-2.75M	9.84M	2.59M
	Operating Cash Flow
7.28M	3.82M	16.20M	-1.39M	10.83M	3.25M
	Investing Cash Flow
-1.04M	-20.05M	-1.29M	-1.17M	-21.37M	-648.00K
	Financing Cash Flow
-11.17M	-8.64M	15.61M	-3.73M	21.73M	-74.00K

inTEST Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 6.05 is below the 20-day moving average (MA) of 6.14, below the 50-day MA of 6.53, and below the 200-day MA of 7.40, indicating a bearish trend. The MACD of -0.12 indicates Negative momentum. The RSI at 44.62 is Neutral, neither overbought nor oversold. The STOCH value of 43.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for INTT.

inTEST Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INTT	70 Outperform	$76.08M	25.19	-0.10%	―	5.19%	-101.31%
AEHR	67 Neutral	$269.13M	11.65	21.69%	―	-14.48%	46.79%
COHU	62 Neutral	$824.49M	―	-9.87%	―	-30.75%	-3668.44%
Sector *	60 Neutral	$11.59B	10.34	-7.15%	2.94%	7.49%	-10.88%
SQNS	53 Neutral	$48.49M	―	378.21%	―	39.81%	―
MX	52 Neutral	$147.86M	―	-14.88%	―	3.59%	-64.21%
WOLF	44 Neutral	$543.14M	―	-180.49%	―	-9.62%	-30.36%

inTEST Corporate Events

InTest Unveils VISION 2030 Strategy for Growth

On March 26, 2025, InTest Corporation announced its VISION 2030 strategy aimed at driving growth and profitability over the next five years. The strategy, which will be detailed in an investor briefing, builds on the company’s progress since 2021, including expanding its customer base and achieving record revenue. The company has set a revenue target of $235 million to $285 million by 2030, with expectations of 7% to 9% organic growth and additional growth through acquisitions. The strategy underscores InTest’s commitment to operational excellence and shareholder value creation.