secwatch.observer — SEC 8-K summary
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Issuer:     INTEST CORP (INTT)
CIK:        0001036262
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001437749-24-014830
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

inTEST Q1 revenue $29.8M, adj EPS $0.10; cuts FY24 revenue outlook to $140-150M
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- GAAP EPS $0.05, adjusted EPS $0.10; revenue $29.8M, down YoY but up 7% sequentially.
- Full year 2024 revenue guidance reduced to $140M-$150M, representing 18% growth over 2023 midpoint.
- Record backlog $55.5M includes $22.8M from Alfamation acquisition closed March 12, 2024.
- Operating cash flow $2.1M; cash $27.3M at quarter end after $19M used for Alfamation.
- CEO notes semiconductor market weakness and delayed order conversions; moderating outlook.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1036262/000143774924014830/0001437749-24-014830-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1036262/000143774924014830/intt20240506_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014830

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer