secwatch.observer — SEC 8-K summary
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Issuer:     INTEST CORP (INTT)
CIK:        0001036262
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001437749-24-024365
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

inTEST Q2 revenue record $34M, adjusted EPS $0.08; cuts 2024 guidance amid semi weakness
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- Revenue $34.0M (record, +4% YoY, +14% sequential); Alfamation contributed $9.7M since March 12 acquisition.
- GAAP EPS $0.02; adjusted EPS $0.08; semi market sales plunged 46% YoY ($8.7M).
- Orders $26.2M, up 15% sequentially; excluding Alfamation orders up 10% sequentially.
- Rightsizing actions target $1.2M annualized savings starting Q3; 2024 guidance lowered due to persistent semi headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1036262/000143774924024365/0001437749-24-024365-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1036262/000143774924024365/intt20240801_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-024365

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