InTest reports Q1 2025 revenue $26.6M, net loss $2.3M; orders up 11% YoY but down sequentially

INTEST CORP

2025-Q1 EPS reported -$0.19 revenue$26,637,000

Net loss of $2.3M; adjusted EBITDA loss of $0.9M; operating loss $2.9M.
Revenue $26.6M, gross margin 41.5%; cash from ops $5.5M; debt reduced $3.2M.
Orders $25.3M, up 11% YoY but down $5.3M sequentially; customers delaying orders.
Management implementing cost reductions, headcount reductions, consolidations; Malaysia facility on track for H2 2025.
Tariff exposure mitigated; primarily US manufacturer with locally sourced supplies.

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