inTEST Reports 2019 Third Quarter Financial Results
| (1 | ) | Semi Market: These amounts include all bookings and net revenues from the semiconductor market. |
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| (2 | ) | Multimarket: Formerly referred to as “Non Semi Bookings” and “Non Semi Net Revenues.” These amounts include all bookings and net revenues from markets other than the semiconductor market. |
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| (3 | ) | For the third quarter of 2018, Net Loss (GAAP) and Net Loss per diluted share (GAAP) include the impact of an increase in the liability for contingent consideration of $3.1 million. |
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| (4 | ) | There were no adjustments for contingent consideration in 2019. Further information can be found under “Non-GAAP Results.” See also the reconciliation of GAAP financial measures to non-GAAP financial measures that accompanies this earnings release. |
2019 Nine Month Year-to-Date Financial Summary
|
($ in Millions, Except Per Share Data) |
Nine Months Ended |
|
|
9/30/2019 |
9/30/2018 |
| Semi Market Bookings (5) | $ | 20.8 | | $ | 35.1 | |
| Multimarket Bookings (6) | | 20.9 | | | 24.7 | |
| Total Bookings | $ | 41.7 | | $ | 59.8 | |
| | | |
| Semi Market Bookings (5) - % of Total Bookings | | 50 | % | | 59 | % |
| Multimarket Bookings (6) - % of Total Bookings | | 50 | % | | 41 | % |
| | | |
| Semi Market Net Revenues (5) | $ | 24.9 | | $ | 35.0 | |
| Multimarket Net Revenues (6) | | 22.1 | | | 25.1 | |
| Total Net Revenues | $ | 47.0 | | $ | 60.1 | |
| | | |
| Semi Market Net Revenues (5) - % of Total Net Revenues | | 53 | % | | 58 | % |
| Multimarket Net Revenues (6) - % of Total Net Revenues | | 47 | % | | 42 | % |
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| Gross Margin | $ | 22.8 | | $ | 30.4 | |
| Gross Margin | | 48 | % | | 51 | % |
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| Net Earnings (GAAP) (7) | $ | 1.6 | | $ | 3.8 | |
| Net Earnings per diluted share (GAAP) (7) | $ | 0.15 | | $ | 0.37 | |
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| Adjusted Net Earnings (Non-GAAP) (8) | $ | 2.5 | | $ | 8.7 | |
| Adjusted Net Earnings per diluted share (Non-GAAP) (8) | $ | 0.24 | | $ | 0.84 | |
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| Adjusted EBITDA (Non-GAAP) (8) | $ | 3.4 | | $ | 11.0 | |
