inTEST Reports 2020 Fourth Quarter & Year-End Financial Results
Condensed Consolidated Balance Sheets Data:
| |
As of: |
| |
12/31/2020 |
|
9/30/2020 |
|
12/31/2019 |
| |
|
|
|
|
|
| Cash and cash equivalents |
$ |
10,277 |
|
$ |
9,473 |
|
$ |
7,612 |
| Trade accounts receivable, net |
|
8,435 |
|
|
9,533 |
|
|
9,296 |
| Inventories |
|
7,476 |
|
|
6,924 |
|
|
7,182 |
| Total current assets |
|
26,964 |
|
|
26,642 |
|
|
24,895 |
| Net property and equipment |
|
2,350 |
|
|
2,417 |
|
|
2,420 |
| Total assets |
|
62,030 |
|
|
62,789 |
|
|
59,715 |
| Accounts payable |
|
2,424 |
|
|
2,203 |
|
|
1,984 |
| Accrued expenses |
|
4,388 |
|
|
5,147 |
|
|
4,207 |
| Total current liabilities |
|
8,856 |
|
|
9,284 |
|
|
8,361 |
| Noncurrent liabilities |
|
8,422 |
|
|
8,682 |
|
|
6,520 |
| Total stockholders' equity |
|
44,752 |
|
|
44,823 |
|
|
44,834 |
Reconciliation of Net Earnings (Loss) (GAAP) to Adjusted Net Earnings (Non-GAAP) and Net Earnings (Loss) Per Share – Diluted (GAAP) to Adjusted Net Earnings Per Share – Diluted (Non-GAAP):
| |
Three Months Ended |
|
Years Ended |
| |
12/31/2020 |
|
12/31/2019 |
|
9/30/2020 |
|
12/31/2020 |
|
12/31/2019 |
| |
|
|
|
|
|
|
|
|
|
| Net earnings (loss) (GAAP) |
$ |
(380 |
) |
|
$ |
724 |
|
$ |
458 |
|
|
$ |
(895 |
) |
|
$ |
2,322 |
|
| Acquired intangible amortization |
|
306 |
|
|
|
313 |
|
|
307 |
|
|
|
1,233 |
|
|
|
1,257 |
|
| Tax adjustments |
|
(2 |
) |
|
|
3 |
|
|
(15 |
) |
|
|
(26 |
) |
|
|
(9 |
) |
| Adjusted net earnings (loss) (Non-GAAP) |
$ |
(76 |
) |
|
$ |
1,040 |
|
$ |
750 |
|
|
$ |
312 |
|
|
$ |
3,570 |
|
| |
|
|
|
|
|
|
|
|
|
| Diluted weighted average shares outstanding |
|
10,283 |
|
|
|
10,299 |
|
|
10,288 |
|
|
|
10,281 |
|
|
|
10,392 |
|
| |
|
|
|
|
|
|
|
|
|
| Net earnings (loss) per share – diluted: |
|
|
|
|
|
|
|
|
|
| Net earnings (loss) (GAAP) |
$ |
(0.04 |
) |
|
$ |
0.07 |
|
$ |
0.04 |
|
|
$ |
(0.09 |
) |
|
$ |
0.22 |
|
| Acquired intangible amortization |
|
0.03 |
|
|
|
0.03 |
|
|
0.03 |
|
|
|
0.12 |
|
|
|
0.12 |
|
| Tax adjustments |
|
- |
|
|
|
- |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Adjusted net earnings (loss) per share – diluted (Non-GAAP) |
$ |
(0.01 |
) |
|
$ |
0.10 |
|
$ |
0.07 |
|
|
$ |
0.03 |
|
|
$ |
0.34 |
|
| |
|
|
|
|
|
|
|
|
|
|
