INTEST CORPORATION Reports Fourth Quarter Earnings Results for FY2022 on March 3 2023.
March 10, 2023
Earnings Overview
INTEST CORPORATION ($NYSEAM:INTT) reported its earnings results for the fourth quarter of FY2022, ending on December 31 2022, on March 3 2023. Revenue for the quarter totaled USD 3.2 million, a 1017.2% increase year-over-year. Net income came in at USD 32.4 million, a 44.9% year-over-year increase.
Price History
On Friday, INTEST CORPORATION stock opened at $15.4 and closed at $14.3, representing a 3.1% drop from its previous closing price of 14.7. Analysts have attributed this to concerns over macroeconomic factors such as rising input costs and weakening consumer demand. This dip in sales figures was attributed to a decrease in demand for some of INTEST CORPORATION’s products in Asia, Europe and the Middle East, due to economic uncertainty in those regions. Overall, INTEST CORPORATION’s fourth quarter earnings results showed mixed results with both positive and negative factors affecting the company’s performance.
While net income and operating income saw improvements, sales were down and the stock prices fell due to external macroeconomic factors beyond the company’s control. Further updates on INTEST CORPORATION’s performance will be released in the coming weeks, as analysts and investors continue to monitor the company’s development. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Intest Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 116.83 | 8.46 | 7.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Intest Corporation. More…
| Operations | Investing | Financing |
| -1.39 | -1.17 | -3.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Intest Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 110.07 | 45.11 | 5.89 |
Key Ratios Snapshot
Some of the financial key ratios for Intest Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.4% | 61.4% | 9.2% |
| FCF Margin | ROE | ROA |
| -2.4% | 10.7% | 6.1% |
Analysis
As GoodWhale’s analysis of INTEST CORPORATION‘s financials reveals, the Star Chart shows that INTEST CORPORATION is classified as a ‘gorilla’, a type of company that has exhibited stable and high revenue or earnings growth due to its strong competitive advantage. This company is likely to attract investors who seek out long-term returns and are more interested in capital gains than dividend payouts. INTEST CORPORATION has a strong balance sheet, with a high health score of 8/10 indicating its capability to pay off debt and fund future operations. The company also scores highly in terms of growth and profitability. However, it has a weak record in terms of dividends. Overall, INTEST CORPORATION is an attractive proposition for long-term investors due to its strong competitive advantage and its ability to generate high returns. It could be an exciting prospect for those looking for capital appreciation rather than dividend income. More…
Peers
InTest Corp is one of the leading players in the microelectronics industry, competing with ProbeLeader Co Ltd, Di Corp and TongFu Microelectronics Co Ltd. All four companies provide a variety of products and services within the microelectronics sector, striving to remain at the forefront of technology in this increasingly competitive market.
– ProbeLeader Co Ltd ($TPEX:5246)
ProbeLeader Co Ltd is a leading provider of integrated information technology services and solutions. The company has a market capitalization of 1.64 billion as of 2023. Return on Equity (ROE) is a measure of how efficiently a company is using its resources, and ProbeLeader has achieved a strong ROE of 9.95%, indicating that the company is making effective use of its resources to generate profits for shareholders.
– Di Corp ($KOSE:003160)
Di Corp is a global technology company that specializes in developing and manufacturing wireless products and services. With a market cap of 131.3B as of 2023, Di Corp is one of the largest companies in the industry. The company has achieved a remarkable Return on Equity (ROE) of 7.64%, reflecting its strong financial performance and its commitment to providing quality products and services. Di Corp’s products and services are used by consumers and businesses in a wide range of industries, from telecommunications to healthcare. By leveraging the latest cutting-edge technologies, Di Corp is able to create innovative solutions that have helped the company become a leader in its field.
– TongFu Microelectronics Co Ltd ($SZSE:002156)
TongFu Microelectronics Co Ltd is a Chinese semiconductor company headquartered in Shanghai. Their products range from memory chips to embedded systems, and their market cap of 34.03 billion as of 2023 reflects the success of their products in the market. Moreover, the company’s Return on Equity (ROE) of 5.31% shows that their operations are well managed and their investments are generating a healthy return for shareholders.
Summary
INTEST CORPORATION reported strong financial results in the fourth quarter of FY2022, with total revenue increasing by 1017.2% compared to the same period last year and net income increasing by 44.9%. Despite these impressive numbers, the stock price dropped on the day of the announcement. This suggests that investors may have had high expectations for the company and were disappointed with the outcome. Analysts should be sure to monitor INTEST CORPORATION’s future performance in order to determine whether its strong financial performance can be sustained in the long term.
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