Revenue and Gross Margin Improvement
InTEST delivered over $28 million in revenue with gross margins above 42%, reflecting a sequential improvement despite ongoing economic uncertainties.
Order Growth in Strategic Markets
Orders grew by 10% sequentially, with significant increases in auto/EV (40%), life sciences (more than doubled), and safety/security (74%).
Debt Reduction Achievements
The company reduced its debt by $1.7 million in the quarter and $5 million year-to-date, bringing total debt down to approximately $10 million.
Strategic Expansion in Malaysia
The build-out of the manufacturing space in Malaysia was completed, with production slated to ramp-up in 2026, supporting regional growth and cost efficiency.
New Product Sales Contribution
New products accounted for $6 million, or just over 20% of total sales, showing solid progress towards a VISION 2030 goal of 25%.