inTEST reports record revenue $30.8M, net income up 16% YoY for Q3 2022

INTEST CORP

2022-Q3 EPS reported $0.48 revenue$84,423,000

Revenue $30.8M, +46% YoY; organic (non-GAAP) revenue up 23% YoY to $26.0M.
Net income $2.5M ($0.23 diluted EPS), +16% YoY; adjusted EPS $0.28, +22% YoY.
Orders $32.7M, +55% YoY; backlog hit record $47.9M, second consecutive quarter.
Expects 2022 revenue at higher end of original guidance range of $110M-$115M.
Demand strong in silicon carbide, analog/mixed signal, defense, EV, and life sciences markets.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INTEST CORP reported third quarter ended September 30, 2022 results: revenue $30.8 Million, net income $2.5 million, EPS $0.23.

Period: third quarter ended September 30, 2022
Revenue: $30.8 Million
Net income: $2.5 million
EPS: $0.23
Result: reported results

Exact text from the filing

inTEST Reports Record Revenue of $30.8 Million and 16% Year-over-Year Growth in Net Income for Third Quarter 2022

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Source: SEC EDGAR

accession 0001437749-22-025904

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