NYSE$INTT

inTEST Corporation · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

inTEST's Q2 2020 financial results were reported, showing revenue and profitability growth.

inTEST Corporation reported Q2 2020 financial results, with net revenues of $13.3 million, an 18% sequential increase, and GAAP earnings per share of $0.02, a sequential increase of $0.13.

  • Net revenues increased 18% sequentially and were 10% above consensus estimates.
  • GAAP earnings per share increased by $0.13 sequentially.
  • Semiconductor related revenues increased 37% compared to the first quarter of 2020.
  • Non-GAAP adjusted net earnings per diluted share increased from a loss of $0.08 per share in Q1 2020 to earnings of $0.05 for Q2 2020.

Headline financials

Total Revenue

$13.3M

Previous: $14.4M-7.5%
EPS (adj)

$0.05

Previous: $0.01+400.0%
Gross Margin

0.0%

No prior period
Capital Expenditures

-$190K

Previous: -$298K+36.2%
Free Cash Flow

-$20K

Previous: -$485K+95.9%
Net Income

$170K

Previous: -$187K+190.9%
Operating Income

$201K

Previous: -$294K+168.4%
Gross Profit

$6.07M

Previous: $6.72M-9.7%
Cash & Equivalents

$0.00

Previous: $7.59M-100.0%
Total Assets

$59.9M

Previous: $60.8M-1.5%
Stock-Based Comp

$208K

Previous: $213K-2.3%

Revenue & EPS history

inTEST · Revenue · Quarterly

$13.3M

Q2 2020-7.5%vs Q2 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

inTEST expects net revenues for Q3 2020 to be in the range of $13.5 million to $14.5 million. GAAP net earnings per diluted share are expected to range from $0.01 to $0.06, and non-GAAP adjusted net earnings per diluted share are expected to range from $0.04 to $0.09. Gross margin is expected to range from 46% to 48%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.2%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+0.1%

Avg return

30 days after

55%

35 / 64 earnings

Positive

+30.0%

Q4 2016

Best reaction

-26.2%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%+6.5%-10.3%
Q4 2025+17.7%+26.9%+40.4%
Q3 2025-2.6%-5.5%-9.0%
Q1 2025-6.1%+2.7%-2.7%
Q4 2024-4.1%-3.9%-27.1%
Q3 2024+0.1%+9.5%+5.7%
Q2 2024-26.2%-32.1%-28.7%
Q1 2024-4.9%-11.1%-15.2%
Q4 2023+21.3%+22.0%+7.0%
Q3 2023-8.3%-10.1%+0.8%
Q2 2023-11.5%-16.8%-14.8%
Q1 2023+11.9%+17.7%+18.8%
Q4 2022+2.6%+9.1%+40.9%
Q3 2022-7.1%-7.2%+14.6%
Q2 2022+10.8%+14.7%-1.2%
Q1 2022-18.3%-17.0%-9.2%
Q4 2021-18.9%-14.5%-4.8%
Q3 2021+19.3%+17.3%+9.7%
Q2 2021-21.4%-23.4%-15.4%
Q1 2021+1.6%-2.4%+21.5%
Q4 2020+9.0%+6.7%+8.0%
Q3 2020+6.3%-1.0%-1.6%
Q2 2020+2.5%+3.3%+2.6%
Q1 2020+0.6%-6.2%+15.8%
Q4 2019-7.3%-11.1%-51.0%
Q3 2019-1.7%-1.3%+10.5%
Q2 2019+5.1%+1.3%-7.3%
Q1 2019-21.6%-21.9%-26.9%
Q4 2018-2.7%-3.5%-7.4%
Q3 2018-3.9%-6.0%-5.4%
Q2 2018+9.0%+22.9%+21.5%
Q1 2018-4.0%+0.0%-2.6%
Q4 2017+10.2%+2.5%-15.5%
Q3 2017-4.7%+4.7%+5.3%
Q2 2017-16.0%-8.9%-10.1%
Q1 2017+4.3%+9.3%+17.3%
Q4 2016+30.0%+28.0%+24.0%
Q3 2016+3.3%+4.4%+11.0%
Q2 2016+3.3%+1.0%-4.8%
Q1 2016+1.6%
Q4 2015-4.0%
Q3 2015-0.5%
Q2 2015+1.7%
Q1 2015+6.6%
Q4 2014+4.6%
Q3 2014-0.7%
Q2 2014+8.2%
Q1 2014-3.1%
Q4 2013+0.7%
Q3 2013-3.0%
Q2 2013+2.8%
Q1 2013+3.8%
Q4 2012-5.1%
Q3 2012+0.0%
Q2 2012+1.9%
Q1 2012-2.0%
Q1 2011-2.0%
Q4 2011+1.4%
Q3 2010+1.7%
Q3 2011+1.7%
Q2 2010+7.1%
Q4 2010+7.1%
Q2 2011+7.1%
Q1 2010-4.3%

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