inTEST Reports 2020 Fourth Quarter & Year-End Financial Results

Q4 2020 Bookings Increased 22% Sequentially and 58% Year-over-Year
Grew Backlog by $5.9 Million to $11.5 Million at End of 2020 Compared to End of 2019

MT. LAUREL, N.J., March 05, 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 and full year ended December 31, 2020.

2020 Fourth Quarter Financial Summary

($ in Millions, Except Per Share Data)	Three Months Ended
	12/31/2020			9/30/2020		12/31/2019
Semi Market Bookings (1)	$	11.1		$	7.2	$	4.6
Multimarket Bookings (2)		6.5			7.2		6.5
Total Bookings	$	17.6		$	14.4	$	11.1

Semi Market Bookings (1) - % of Total Bookings		63%			50%		41%
Multimarket Bookings (2) - % of Total Bookings		37%			50%		59%

Semi Market Net Revenues (1)	$	7.6		$	7.4	$	6.1
Multimarket Net Revenues (2)		7.3			7.0		7.5
Total Net Revenues	$	14.9		$	14.4	$	13.6

Semi Market Net Revenues (1) - % of Total Net Revenues		51%			51%		45%
Multimarket Net Revenues (2) - % of Total Net Revenues		49%			49%		55%

Gross Margin - $	$	6.7		$	6.5	$	6.5
Gross Margin - %		45%			45%		48%

Net Earnings (Loss) (GAAP) (3)	$	(0.4	)	$	0.5	$	0.7
Net Earnings (Loss) per diluted share (GAAP) (3)	$	(0.04	)	$	0.04	$	0.07

Adjusted Net Earnings (Loss) (Non-GAAP) (4)	$	(0.1	)	$	0.8	$	1.0
Adjusted Net Earnings (Loss) per diluted share (Non-GAAP) (4)	$	(0.01	)	$	0.07	$	0.10

EBITDA (Non-GAAP) (4)	$	0.0		$	0.9	$	1.1

	As of
	12/31/2020			9/30/2020		12/31/2019
Cash and cash equivalents	$	10.3		$	9.5	$	7.6

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 Next Page »