Intest Crop ( (INTT) ) has released its Q1 earnings. Here is a breakdown of the information Intest Crop presented to its investors.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
InTest Corporation is a global supplier of innovative test and process technology solutions, serving key markets such as semiconductor, automotive/EV, defense/aerospace, industrial, life sciences, and safety/security. The company is known for its engineering expertise and operational excellence, providing solutions for complex thermal, mechanical, and electronic challenges worldwide.
In the first quarter of 2025, InTest Corporation reported $26.6 million in revenue with a gross margin of 41.5%. Despite a challenging market environment, the company maintained a strong cash generation, reducing total debt by $3.2 million and increasing cash balances by $2.2 million. However, the company faced an operating loss of $2.9 million and a net loss of $2.3 million.
Key financial highlights include a year-over-year order increase of 11%, driven by strength in the automotive/EV and industrial markets, although sequential orders declined due to customer delays. The company also focused on cost reductions and strategic consolidations to improve profitability. Despite a decrease in revenue from the semiconductor and industrial markets, there were notable increases in the automotive/EV and life sciences sectors.
Looking ahead, InTest Corporation remains cautiously optimistic about future market recovery. The company plans to expand its manufacturing capabilities in Southeast Asia, specifically in Malaysia, to better serve the region. Management is focused on managing costs while remaining agile to capitalize on emerging opportunities as market conditions improve.