earnings
confidence high
sentiment positive
materiality 0.75
inTEST reports record FY2023 revenue $123.3M, net income $9.3M; Q4 revenue down 14% YoY
INTEST CORP
- Full year revenue $123.3M (+6% YoY); net income $9.3M (+10% YoY); record operating cash flow $16.2M.
- Q4 revenue $27.9M (-14% YoY, -10% seq); GAAP EPS $0.12; adjusted EPS $0.16.
- Defense/aerospace and industrial market growth offset semi weakness; Q4 orders up 2% QoQ.
- FY2024 revenue guidance $145M-$155M including Alfamation acquisition announced March 12, 2024.