inTest Corporation Reports Record Quarter with Non-GAAP EPS of $0.29 and Revenue of $31.9M

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Revenue also exceeded expectations, coming in at $31.9M, up $0.84M on the quarter. INTEST ($NYSEAM:INTT) is a leading provider of test and measurement solutions for the semiconductor testing industry. INTEST is focused on providing innovative solutions that reduce cost and complexity while enhancing test coverage and throughput. The company has a proven ability to design customized, application-specific test solutions that are both high performance and cost-effective.

In addition, INTEST provides comprehensive customer service and technical support with every solution they offer. The record quarterly results demonstrate the strength of INTEST’s business model and their ability to deliver on their commitments to customers and shareholders alike. As the semiconductor testing industry continues to expand, INTEST is well-positioned to maintain its position as the go-to provider of test and measurement solutions.

Earnings

INTEST CORPORATION recently released their financial results for the fourth quarter of fiscal year 2022, with a record-breaking performance. As of December 31, 2022, the company reported a total revenue of $31.9 million and a net income of $3.24 million, both of which represent an impressive 44.9% increase over the same period last year. Furthermore, the company also reported a non-GAAP earnings per share (EPS) of $0.29. This marks another quarter of strong performance for INTEST CORPORATION.

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for Intest Corporation are shown below. More…

Share Price

On Friday, INTEST CORPORATION reported their financials for the quarter, showcasing a record performance. The company reported Non-GAAP EPS of $0.29 and revenue of $31.9M, a 5.4% increase over the previous quarter. As a result, INTEST CORPORATION stock opened at $19.0 and closed at $20.1 by the end of the day, demonstrating a 5.4% increase over the previous closing price of $19.0. This strong share price performance reflects the strong outlook for INTEST CORPORATION’s future prospects. Live Quote…

Analysis

We recently conducted an analysis of INTEST CORPORATION‘s wellbeing. After a thorough assessment, our Risk Rating has determined that INTEST CORPORATION is a high risk investment in terms of financial and business aspects. At GoodWhale, we always stay on top of potential risks, and this time we’ve detected 3 risk warnings in INTEST CORPORATION’s income sheet, balance sheet and cashflow statement. We’ve been advising investors to be extra careful when it comes to INTEST CORPORATION. If you’d like to find out more information about this, you can register on our website goodwhale.com. Our analysis and ratings are invaluable for any investor looking to get started in the stock market, so don’t miss out on this opportunity! 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 is a positive investment opportunity for investors. Its recent earnings report revealed non-GAAP EPS of $0.29, beating estimates by $0.04, and revenue of $31.9M, beating estimates by $0.84M. The market reacted positively to the news, with stock prices moving up the same day.

Investors should feel confident in Intest Corporation’s ability to generate consistent profits and continue to deliver solid returns. With its strong performance, Intest Corporation is well-positioned to continue to expand and increase shareholder value in the long run.