MANSFIELD, Mass., May 08, 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 ended March 31, 2020.
2020 First Quarter Summary
| ($ in Millions, Except Per Share Data) | Three Months Ended | ||||||||
| 3/31/2020 | 12/31/2019 | 3/31/2019 | |||||||
| Semi Market Bookings (1) | $ | 6.7 | $ | 4.6 | $ | 5.6 | |||
| Multimarket Bookings (2) | 7.1 | 6.5 | 6.3 | ||||||
| Total Bookings | $ | 13.8 | $ | 11.1 | $ | 11.9 | |||
| Semi Market Bookings (1) - % of Total Bookings | $ | 49 | % | 41 | % | $ | 47 | % | |
| Multimarket Bookings (2) - % of Total Bookings | 51 | % | 59 | % | 53 | % | |||
| Semi Market Net Revenues (1) | $ | 5.0 | $ | 6.1 | $ | 10.1 | |||
| Multimarket Net Revenues (2) | 6.2 | 7.5 | 8.0 | ||||||
| Total Net Revenues | $ | 11.2 | $ | 13.6 | $ | 18.1 | |||
| Semi Market Net Revenues (1) - % of Total Net Revenues | 45 | % | 45 | % | 56 | % | |||
| Multimarket Net Revenues (2) - % of Total Net Revenues | 55 | % | 55 | % | 44 | % | |||
| Gross Margin | $ | 4.9 | $ | 6.5 | $ | 8.8 | |||
| Gross Margin | 43 | % | 48 | % | 49 | % | |||
| Net Earnings (Loss) (GAAP) | $ | (1.1 | ) | $ | 0.7 | $ | 1.1 | ||
| Net Earnings (Loss) per diluted share (GAAP) | $ | (0.11 | ) | $ | 0.07 | $ | 0.11 | ||
| Adjusted Net Earnings (Loss) (Non-GAAP) (3) | $ | (0.8 | ) | $ | 1.0 | $ | 1.5 | ||
| Adjusted Net Earnings (Loss) per diluted share (Non-GAAP) (3) | $ | (0.08 | ) | $ | 0.10 | $ | 0.14 | ||
| EBITDA (Non-GAAP) (3) | $ | (0.9 | ) | $ | 1.1 | $ | 2.0 | ||
| As of | |||||||||
| 3/31/2020 | 12/31/2019 | 3/31/2019 | |||||||
| Cash and cash equivalents | $ | 7.3 | $ | 7.6 | $ | 8.2 | |||
