Scott Nolen
on January 9, 2024, inTEST Corporation (the “Company”) and Scott Nolen mutually agreed that Mr. Nolen’s employment with the Company would end effective immediately.
Highest-materiality recent filing
InTest Q2 revenue up 25.5% to $35.3M; reiterates FY26 outlook of $135-140M
Q2 revenue $35.3M, up 25.5% YoY; net earnings $0.5M, up 194.2% YoY; EPS $0.04, adjusted EPS $0.09.
Q2 revenue ~$35M, above guidance of $32-34M; gross margin ~40%, below guidance of ~45%.
InTest Q1 revenue $33.9M (+27% YoY); raises FY2026 revenue guidance to $130-135M
GAAP EPS $0.06; adjusted EPS $0.16; net earnings $0.8M.
InTest appoints Richard Rogoff as President and CEO, succeeding Richard Grant
Richard N. Grant Jr. stepped down as President/CEO and from Board effective March 31, 2026; severance of 12 months base salary conditioned on release.
InTest Q4 2025 EPS $0.10, revenue $32.8M, orders $37.5M, backlog up 36% YoY
EPS $0.10 (diluted); adjusted EPS $0.16 (Non-GAAP).
InTest Q3 revenue down 13.3% to $26.2M; orders surge 34.2% to $37.6M, net loss $0.9M
Revenue $26.2M (-13.3% YoY) due to late-quarter shipment delays; delays resolved and shipments since fulfilled.
InTest Q2 orders up 10% sequentially; net loss narrows to $0.5M
Revenue $28.1M, up 6% sequentially; gross margin 42.6%, up 110 bps.
InTest reports Q1 2025 revenue $26.6M, net loss $2.3M; orders up 11% YoY but down sequentially
Net loss of $2.3M; adjusted EBITDA loss of $0.9M; operating loss $2.9M.
InTest unveils VISION 2030 strategy with revenue target of $235M-$285M by 2030
Revenue goal of $235M-$285M for 2030, assuming 7-9% organic growth and $50-60M from acquisitions.
inTEST posts record Q4 revenue $36.6M, operating income up 87% YoY; renews $10M buyback
Q4 revenue record $36.6M (+31% YoY); operating income $2.1M (+87%); net earnings $1.5M (+3%).
inTEST Q3 revenue $30.3M, gross margin 46.3%, adj EPS $0.10; generated $4.2M cash from ops
Revenue $30.3M; gross margin 46.3%, expanding 570 bps sequentially.
inTEST Q2 revenue record $34M, adjusted EPS $0.08; cuts 2024 guidance amid semi weakness
Revenue $34.0M (record, +4% YoY, +14% sequential); Alfamation contributed $9.7M since March 12 acquisition.
inTEST Q1 revenue $29.8M, adj EPS $0.10; cuts FY24 revenue outlook to $140-150M
GAAP EPS $0.05, adjusted EPS $0.10; revenue $29.8M, down YoY but up 7% sequentially.
inTEST reports record FY2023 revenue $123.3M, net income $9.3M; Q4 revenue down 14% YoY
Full year revenue $123.3M (+6% YoY); net income $9.3M (+10% YoY); record operating cash flow $16.2M.
inTEST restates Q3 2023 financials, acquires Alfamation for ~€20M
Q3 2023 revenue overstated by ~$1.7M; net income overstated by ~$700K; EPS revised from $0.24 to $0.19.
Q4 2023 preliminary revenue ~$28.4M, net earnings ~$1.7M ($0.14 diluted EPS).
Leased 25,000 sq ft facility in Penang, Malaysia for RM65,000/month over 3 years starting April 1, 2024; option to extend 2 years.
inTEST authorizes $10M share repurchase plan through Nov 2024
Board authorized up to $10 million in share repurchases through November 17, 2024.
inTEST Q3 revenue $32.7M record, EPS $0.24; moderates FY outlook
Revenue $32.7M (+6% YoY); net income $3.0M (+18% YoY); EPS $0.24 (+4% YoY).
inTEST posts record Q2 revenue of $32.6M, net earnings up 32% YoY
Revenue of $32.6M (+10% YoY) at upper end of guidance; net earnings $2.8M (+32% YoY).
inTEST enters $20M ATM equity offering agreement with Lake Street and Northland
Company may sell up to $20M of common stock via at-the-market issuances.
inTEST Q1 revenue $31.9M, up 32.5% YoY; EPS $0.25, adjusted EPS $0.29
Revenue $31.9M, +32.5% YoY, at upper end of guidance range.
inTEST reports record Q4 revenue $32.4M, EPS $0.30; FY2022 rev $116.8M, guides FY2023 $125-130M
Record Q4 revenue $32.4M (+45% YoY); full year revenue $116.8M (+38% YoY).
inTEST preliminary Q4 rev $32.4M (+45% YoY); FY rev $116.8M (+38% YoY)
Fourth-quarter 2022 revenue ~$32.4M, up 44.9% YoY; full-year revenue ~$116.8M, up 37.6% YoY.
inTEST reports record revenue $30.8M, net income up 16% YoY for Q3 2022
Revenue $30.8M, +46% YoY; organic (non-GAAP) revenue up 23% YoY to $26.0M.
inTEST expands term loan facility by $25.5M to $50.5M, extends maturity to Sep 2027
Total term loan facility increased from $25M to $50.5M; $30M remains available after prior $20.5M draw.
inTEST Q2 revenue record $29.6M (+36% YoY); GAAP EPS $0.20, adj. EPS $0.25
Revenue $29.6M, up 36% YoY and 23% sequential; gross margin 45.8%.
inTEST Q1 revenue up 23% YoY to $24.1M; GAAP EPS $0.05, non-GAAP EPS $0.12
Revenue $24.1M (+23% YoY, +8% sequential); GAAP diluted EPS $0.05; non-GAAP diluted EPS $0.12 in line with guidance.
inTEST sets 2025 revenue goal of $200M-$250M, reorganizes into three divisions
2025 annual revenue target of $200M-$250M, driven by organic growth and acquisitions.
inTEST Q4 revenue up 50% YoY to $22.4M; guides FY2022 revenue $110M-$115M
Q4 revenue $22.4M (+50% YoY); GAAP EPS $0.03 vs loss $0.04 prior year.
on January 9, 2024, inTEST Corporation (the “Company”) and Scott Nolen mutually agreed that Mr. Nolen’s employment with the Company would end effective immediately.
The Company appointed Michael Goodrich to the position of Division President, Process Technologies effective January 15, 2023.
On January 9, 2024, inTEST Corporation (the “Company”) and Scott Nolen mutually agreed that Mr. Nolen’s employment with the Company would end effective immediately, and as a result he is no longer the Company’s Division President, Process Technologies.
Max materiality 0.85 · Median 0.62 · Most common event earnings