inTEST sees Q2 revenue $27M-$29M, consensus $31.31M

Nick Grant, CEO, said, “These are certainly challenging times that further reduce our visibility through the year. As a result, we are focusing our guidance on the second quarter until we have better clarity regarding the second half of 2025. We expect a modest improvement in financial results in the second quarter over the first quarter with better volume and cost reductions. Our plans call for continued sequential improvement through the balance of the year although we do not know how the global trade situation could indirectly impact demand. We believe the long-term fundamentals of the markets we serve remain intact and that the innovative products we offer, the strong position we have with customers and the continual addition of new customers and market reach bode well for our business as market conditions improve. Q2 revenue is forecasted to be $27M-$29M with gross margin of approximately 42% and operating expenses of $13.0M-$13.5M, which excludes approximately $200,000 in Videology and other restructuring expenses. The Company’s expectations for the quarter reflect previously reported customer delivery pushouts of orders in backlog to the latter half of the year as well as the slowing receipt of orders due to the uncertainty in end markets as a result of recent and impending tariffs.”