inTEST Reports 2021 Second Quarter Financial Results

Net revenues of $21.8 million exceeded guidance; increased 12% sequentially and 64% year-over-year
GAAP earnings per share of $0.24 increased $0.03 sequentially and $0.22 year-over-year
Non-GAAP adjusted net earnings per diluted share was $0.27, at the high-end of guidance

MT. LAUREL, N.J., Aug. 06, 2021 (GLOBE NEWSWIRE) -- inTEST Corporation (NYSE American: INTT), a global supplier of innovative test and process solutions for use in manufacturing and testing across a wide range of markets, including automotive, defense/aerospace, industrial, medical, semiconductor and telecommunications, today announced financial results for the quarter ended June 30, 2021.

2021 Second Quarter Financial Summary

($ in Millions, Except Per Share Data)	Three Months Ended
	6/30/2021			3/31/2021			6/30/2020
Semi Market Bookings (1)	$	16.5		$	17.2		$	7.3
Multimarket Bookings (2)		8.6			8.0			6.6
Total Bookings	$	25.1		$	25.2		$	13.9

Semi Market Bookings (1) - % of Total Bookings		66	%		68	%		52	%
Multimarket Bookings (2) - % of Total Bookings		34	%		32	%		48	%

Semi Market Net Revenues (1)	$	15.7		$	13.3		$	6.9
Multimarket Net Revenues (2)		6.1			6.3			6.4
Total Net Revenues	$	21.8		$	19.6		$	13.3

Semi Market Net Revenues (1) - % of Total Net Revenues		72	%		68	%		52	%
Multimarket Net Revenues (2) - % of Total Net Revenues		28	%		32	%		48	%

Gross Margin	$	11.0		$	9.5		$	6.1
Gross Margin		50	%		49	%		46	%

Net Earnings (GAAP)	$	2.6		$	2.2		$	0.2
Net Earnings per diluted share (GAAP)	$	0.24		$	0. 21		$	0.02

Adjusted Net Earnings (Non-GAAP) (3)	$	2.9		$	2.5		$	0.5
Adjusted Net Earnings per diluted share (Non-GAAP) (3)	$	0.27		$	0.24		$	0.05

EBITDA (Non-GAAP) (3)	$	3.5		$	3.0		$	0.7

	As of
	6/30/2021			3/31/2021			12/31/2020
Cash and cash equivalents	$	14.6		$	10.2		$	10.3

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