inTEST Reports 2020 First Quarter Financial Results
Reconciliation of Net Earnings (Loss) (GAAP) to Adjusted Net Earnings (Loss) (Non-GAAP) and Net Earnings (Loss) Per Share – Diluted (GAAP) to Adjusted Net Earnings (Loss) Per Share – Diluted (Non-GAAP):
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Three Months Ended |
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3/31/2020 |
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12/31/2019 |
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3/31/2019 |
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| Net earnings (loss) (GAAP) | $ | (1,143 | ) | | $ | 724 | | $ | 1,138 | |
| Acquired intangible amortization | | 311 | | | | 313 | | | 317 | |
| Contingent consideration liability adjustment | | - | | | | - | | | - | |
| Tax adjustments | | (4 | ) | | | 3 | | | (5 | ) |
| Adjusted net earnings (loss) (Non-GAAP) | $ | (836 | ) | | $ | 1,040 | | $ | 1,450 | |
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| Diluted weighted average shares outstanding | | 10,221 | | | | 10,299 | | | 10,414 | |
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| Net earnings (loss) per share – diluted: | | | | | |
| Net earnings (loss) (GAAP) | $ | (0.11 | ) | | $ | 0.07 | | $ | 0.11 | |
| Acquired intangible amortization | | 0.03 | | | | 0.03 | | | 0.03 | |
| Contingent consideration liability adjustment | | - | | | | - | | | - | |
| Tax adjustments | | - | | | | - | | | - | |
| Adjusted net earnings (loss) per share – diluted (Non-GAAP) | $ | (0.08 | ) | | $ | 0.10 | | $ | 0.14 | |
