inTEST posts record Q2 revenue of $32.6M, net earnings up 32% YoY

INTEST CORP

2023-Q2 EPS reported $0.49 revenue$64,477,000

Revenue of $32.6M (+10% YoY) at upper end of guidance; net earnings $2.8M (+32% YoY).
EPS diluted $0.24, up 20% YoY; adjusted EBITDA (Non-GAAP) $4.8M, margin 14.7%.
Completed $20M at-the-market offering at avg $21.70 per share.
Full-year revenue guidance raised to $127M-$131M; orders up 2% sequentially.
Demand strength in semi backend, defense/aerospace thermal, EV chillers, and industrial induction heating.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

INTEST CORP reported the quarter ended June 30, 2023 results: revenue $32.6 Million, net income $2.8 million, EPS $0.24.

Period: the quarter ended June 30, 2023
Revenue: $32.6 Million
Net income: $2.8 million
EPS: $0.24
Result: reported results

Exact text from the filing

inTEST Reports Record Revenue of $32.6 Million for the 2023 Second Quarter with Net Earnings Growth of 32% Year-over-Year

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Source: SEC EDGAR

accession 0001437749-23-022040

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