{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-007466","form_type":"8-K","ticker":"INTT","cik":"0001036262","company_name":"INTEST CORP","filed_at":"2024-03-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.177991+00:00","generated_at":"2026-06-04T22:45:12.968514+00:00","sec_items":["1.01","2.01","3.02","4.02","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"inTEST restates Q3 2023 financials, acquires Alfamation for ~€20M","bullets":["Q3 2023 revenue overstated by ~$1.7M; net income overstated by ~$700K; EPS revised from $0.24 to $0.19.","Acquired Alfamation S.p.A. for ~€20M (€18M cash + 187,432 shares); Alfamation annual revenue ~$25M, backlog ~$15M.","FY2024 revenue guidance raised to $145-155M; acquisition expected accretive to non-GAAP EPS in 2025, dilutive to GAAP EPS in 2024.","Company expects to report a material weakness in internal control over financial reporting due to revenue recognition errors."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-007466","json":"https://secwatch.observer/filing/0001437749-24-007466.json","markdown":"https://secwatch.observer/filing/0001437749-24-007466.md","text":"https://secwatch.observer/filing/0001437749-24-007466.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1036262/000143774924007466/0001437749-24-007466-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1036262/000143774924007466/intt20240311_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T22:45:12.968514+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"92da77b800f01ab8b5800829e83bef1c18f48ae6","claim":"INTEST CORP reported that prior financial statements should not be relied upon.","evidence_excerpt":"should no longer be relied upon due to certain errors identified by the Company.","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1036262/000143774924007466/0001437749-24-007466-index.htm","confidence":0.95,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"},{"claim_id":"64a4b6aac9dba2da22f8a668eb712579389fa5f1","claim":"INTEST CORP completed an acquisition involving Mauro Arigossi and Elettra S.S. for approximately €20 million (closed 2024-03-12).","evidence_excerpt":"all of the outstanding capital shares of Alfamation. Pursuant to the Purchase Agreement, the Buyer agreed to pay to the Sellers an aggregate base purchase price of approximately €20 million comprised of: (i) approximately €18 million in cash; and (ii) 187,432 shares of common stock of the Company, par value $0.01 (the “Shares”); and an additional approximately €542","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1036262/000143774924007466/0001437749-24-007466-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Mauro Arigossi and Elettra S.S."},{"label":"Consideration","value":"approximately €20 million"},{"label":"Closing","value":"2024-03-12"}],"fact_type":"ma_transaction"},{"claim_id":"8cc7fc09c4e5ca382d7aeb7125ac7ab7c2431420","claim":"INTEST CORP entered into Purchase Agreement with Mauro Arigossi and Elettra S.S. valued at approximately €20 million (effective 2024-03-12).","evidence_excerpt":"On March 12, 2024 inTEST Corporation (the “Company”) entered into a stock purchase agreement (the “Purchase Agreement”) by and among inTEST Italy, Inc., a wholly owned subsidiary of the Company (“Buyer”), Mauro Arigossi (“Arigossi”), and Elettra S.S., a company incorporated under the Laws of Italy (“Elettra”, and together with Arigossi, each a “Seller” and collectively, the “Sellers”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1036262/000143774924007466/0001437749-24-007466-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Mauro Arigossi and Elettra S.S."},{"label":"Value","value":"approximately €20 million"},{"label":"Effective","value":"2024-03-12"}],"fact_type":"material_agreement"},{"claim_id":"efa46c770fe8eeabea10ca55649d41cd5b5dff4e","claim":"INTEST CORP entered into Lease Agreement with Elettra Real Estate S.r.l valued at €231,312 (effective 2024-03-12).","evidence_excerpt":"In connection with the Purchase Agreement, Alfamation has entered into a lease agreement (the “Lease Agreement”) by and between Alfamation and Elettra Real Estate S.r.l , a limited liability company incorporated under the Laws of Italy (the “Landlord”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1036262/000143774924007466/0001437749-24-007466-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"lease"},{"label":"Counterparty","value":"Elettra Real Estate S.r.l"},{"label":"Value","value":"€231,312"},{"label":"Effective","value":"2024-03-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}