Q1 2025 inTest Corp Earnings Call Transcript

May 2, 2025 / 12:30 PM GMT

Release Date Price: €4.4 (-18.52%)

Transcript 10-Q8-K

Key Points

Positve

inTest Corp (INTT) delivered $26.6 million in revenue with a gross margin of 41.5%, generating over $5 million in cash and reducing debt by more than $3 million.
The company saw increased sales in the Auto EV, Life Sciences, and other markets, which partially offset declines in the semiconductor and industrial sectors.
inTest Corp (INTT) implemented tight cost controls, eliminated discretionary spending, and restricted hiring to improve profitability.
The company continued to gain traction with new products, added new customers, and enhanced its market channels.
inTest Corp (INTT) has a strong cash position with $22 million in cash and equivalents, and sufficient liquidity with available credit facilities.

Negative

Sales were impacted by delays in customer spending and engineering challenges, pushing approximately $1.5 million of shipments out of the quarter.
Revenue was down $3.2 million compared to Q1 2024, with significant declines in the semiconductor and industrial markets.
Gross profit decreased by $2 million year-over-year due to lower sales volume and an unfavorable mix.
Operating expenses increased by $1.3 million year-over-year, including restructuring costs and incremental expenses from acquisitions.
The company faces significant uncertainty due to the global trade environment and tariffs, impacting order visibility and customer shipment schedules.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

INTT.A - inTest Corp
Q1 2025 inTest Corp Earnings Call
May 02, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the NES Corporation first quarter 2025 financial results. At this time, all participants are in a listen and only mode. A brief question and answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press 0 on your telephone keypad.

As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Sean Southard. Invest the relation with NES.

Thank you. You may begin.

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Unidentified_2 [2]
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Good morning, everyone. We

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