MANSFIELD, Mass., Feb. 28, 2020 (GLOBE NEWSWIRE) -- inTEST Corporation (NYSE American: INTT), a global supplier of precision-engineered solutions for use in manufacturing and testing across a wide range of markets including automotive, defense/aerospace, energy, industrial, semiconductor and telecommunications, today announced financial results for the quarter and full year ended December 31, 2019.
2019 Fourth Quarter Financial Summary
| ($ in Millions, Except Per Share Data) | Three Months Ended | ||||||||
| 12/31/2019 | 9/30/2019 | 12/31/2018 | |||||||
| Semi Market Bookings (1) | $ | 4.6 | $ | 6.6 | $ | 10.8 | |||
| Multimarket Bookings (2) | 6.5 | 7.3 | 7.6 | ||||||
| Total Bookings | $ | 11.1 | $ | 13.9 | $ | 18.4 | |||
| Semi Market Bookings (1) - % of Total Bookings | 41 | % | 48 | % | 59 | % | |||
| Multimarket Bookings (2) - % of Total Bookings | 59 | % | 52 | % | 41 | % | |||
| Semi Market Net Revenues (1) | $ | 6.1 | $ | 7.1 | $ | 10.3 | |||
| Multimarket Net Revenues (2) | 7.5 | 7.5 | 8.1 | ||||||
| Total Net Revenues | $ | 13.6 | $ | 14.6 | $ | 18.4 | |||
| Semi Market Net Revenues (1) - % of Total Net Revenues | 45 | % | 49 | % | 56 | % | |||
| Multimarket Net Revenues (2) - % of Total Net Revenues | 55 | % | 51 | % | 44 | % | |||
| Gross Margin | $ | 6.5 | $ | 7.2 | $ | 9.0 | |||
| Gross Margin | 48 | % | 49 | % | 49 | % | |||
| Net Earnings (Loss) (GAAP) (3) | $ | 0.7 | $ | 0.6 | $ | (0.8 | ) | ||
| Net Earnings (Loss) per diluted share (GAAP) (3) | $ | 0.07 | $ | 0.06 | $ | (0.08 | ) | ||
| Adjusted Net Earnings (Non-GAAP) (4) | $ | 1.0 | $ | 1.0 | $ | 2.3 | |||
| Adjusted Net Earnings per diluted share (Non-GAAP) (4) | $ | 0.10 | $ | 0.09 | $ | 0.23 | |||
| Adjusted EBITDA (Non-GAAP) (4) | $ | 1.1 | $ | 1.3 | $ | 2.8 | |||
| As of | |||||||||
| 12/31/2019 | 9/30/2019 | 12/31/2018 | |||||||
| Cash and cash equivalents | $ | 7.6 | $ | 8.0 | $ | 17.9 | |||
