inTEST (INTT) AI Stock Analysis

• Market Cap: $99.95M
• Dividend Yield: N/A
• Average Volume (3M): 46.45K
• Price to Earnings (P/E): 25.2
• Beta (1Y): 1.27
• Revenue Growth: -0.81%
• EPS Growth: -117.62%
• Country: US
• Employees: 393
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.03
• Shares Outstanding: 12,477,676
• 10 Day Avg. Volume: 31,976
• 30 Day Avg. Volume: 46,455
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.90
• Enterprise Value/Revenue: 0.71
• Enterprise Value/Gross Profit: 1.69
• Enterprise Value/Ebitda: 13.57
• 1Y Price Target: $8.00
• Price Target Upside: -6.43% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 68 Neutral
• Price Target: $7.50 ▼(-12.28% Downside)

inTEST's overall stock score reflects a strong financial foundation and strategic initiatives, tempered by recent profitability challenges and valuation concerns. The company's focus on operational efficiency and strategic growth in key markets supports a positive outlook, although the semi market weakness and negative P/E ratio pose risks.

Positive Factors

Strategic Expansion

The expansion in Malaysia enhances inTEST's regional growth and cost efficiency, supporting long-term market presence and operational scalability.

Debt Reduction

Reducing debt strengthens the balance sheet, improves financial stability, and increases flexibility for future investments and growth initiatives.

New Product Sales

Strong new product sales indicate successful innovation and alignment with market demands, contributing to sustainable revenue growth.

Negative Factors

Semi Market Weakness

Weakness in the semiconductor market impacts inTEST's core business, potentially affecting revenue and profitability in the medium term.

Overall Revenue Decline

A year-over-year revenue decline suggests challenges in maintaining growth momentum, necessitating strategic adjustments to regain market share.

Net Loss

Reporting a net loss indicates operational challenges and profitability issues, which could hinder financial performance if not addressed.

inTEST Business Overview & Revenue Model

Company Description

inTEST Corporation supplies test and process solutions for use in manufacturing and testing in automotive, defense/aerospace, industrial, life sciences, security, and semiconductor markets worldwide. The company operates through two segments, Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS). The Thermal segment offers ThermoStream products that are used in the semi market as a stand-alone temperature management tool, or in various electronic test applications; Thermal Chambers; Thermal Platforms; Thermonics temperature conditioning products that provide tempered gas or fluid; ultra-cold storage solutions, including biomedical freezers, refrigerators, and mobile storage solutions; EKOHEAT and EASYHEAT induction heating systems; and digital streaming and image capturing solutions. The EMS segment provides in2, Cobal, and LS series manipulators that hold various test heads and enable an operator to reposition a test head for alternate use with various probers or handlers on a test floor; and docking hardware products, which protect the interface contacts and ensure proper repeatable and precise alignment between the test head's interface board and the prober's probing assembly or the handler's test socket. This segment also offers tester interfaces that provide electrical connections between the tester and the wafer prober or integrated circuit (IC) handler; and scorpion flying probe test systems, which designs and manufactures robotics-based electronic test equipment, as well as provides application support services. Its products are used in production testing of wafers and specialized packaged ICs in back-end testing by semiconductor manufacturers. The company markets and sells its products to semiconductor manufacturers, third-party foundries, test and assembly providers, and original equipment manufacturers. inTEST Corporation was incorporated in 1981 and is headquartered in Mount Laurel, New Jersey.

How the Company Makes Money

inTEST generates revenue through the sale of its test and measurement products, which are used by semiconductor manufacturers and electronic device makers to ensure quality and performance. The company earns revenue from both direct sales and through partnerships with major semiconductor and electronics firms. Key revenue streams include the sale of test fixtures and systems, thermal solutions, and software tools that aid in test process automation. Additionally, inTEST benefits from service agreements that provide ongoing support and maintenance for their products, ensuring a steady income from existing clients. The company's strategic partnerships with major industry players also help boost sales and expand market reach, contributing to its overall earnings.

inTEST Financial Statement Overview

Summary

inTEST exhibits a strong financial position with substantial revenue growth over the years and a solid equity base. While profitability margins have come under pressure recently, and debt levels have increased, the company's ability to generate cash flow remains robust. Continued focus on improving operational efficiencies and managing debt will be crucial for sustaining its financial health.

Income Statement

The company has demonstrated a strong revenue growth trend over the years, with a notable increase from 2020 to 2025. However, the TTM period shows a decline in total revenue compared to the previous year. Gross profit margin remains healthy, but the net profit margin turned negative in the TTM, signaling a potential area of concern. EBIT and EBITDA margins have also weakened recently, indicating challenges in operational efficiency.

Balance Sheet

The company's balance sheet reflects a solid equity position with a consistent increase in stockholders' equity. The debt-to-equity ratio remains manageable, and the equity ratio is strong, indicating financial stability. However, the increase in total debt over the TTM period calls for cautious monitoring.

Cash Flow

inTEST has shown a positive trend in free cash flow, with significant growth in recent years. The operating cash flow to net income ratio is strong, reflecting good cash generation capability. However, the TTM period shows a decline in cash flow from operations, and the company's free cash flow growth rate has slowed down compared to the previous periods.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	127.50M	130.69M	123.30M	116.83M	84.88M	53.82M
Gross Profit	53.40M	55.42M	56.98M	53.44M	41.22M	24.10M
EBITDA	6.65M	9.74M	16.41M	15.51M	11.55M	1.93M
Net Income	-100.00K	2.89M	9.34M	8.46M	7.28M	-895.00K
Balance Sheet
Total Assets	148.03M	152.29M	134.83M	110.07M	103.91M	62.03M
Cash, Cash Equivalents and Short-Term Investments	22.05M	19.83M	45.26M	13.43M	21.20M	10.28M
Total Debt	22.48M	26.04M	17.46M	22.49M	26.72M	7.26M
Total Liabilities	48.63M	52.50M	38.55M	45.11M	49.08M	17.28M
Stockholders Equity	99.39M	99.79M	96.28M	64.96M	54.82M	44.75M
Cash Flow
Free Cash Flow	6.07M	2.50M	14.91M	-2.75M	9.84M	2.59M
Operating Cash Flow	7.28M	3.82M	16.20M	-1.39M	10.83M	3.25M
Investing Cash Flow	-1.04M	-20.05M	-1.29M	-1.17M	-21.37M	-648.00K
Financing Cash Flow	-11.17M	-8.64M	15.61M	-3.73M	21.73M	-74.00K

inTEST Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INTT, the sentiment is Positive. The current price of 8.55 is above the 20-day moving average (MA) of 7.39, above the 50-day MA of 7.23, and above the 200-day MA of 7.36, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 74.50 is Negative, neither overbought nor oversold. The STOCH value of 87.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INTT.

inTEST Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INTT	68 Neutral	$99.95M	25.19	-0.82%	―	-0.81%	-117.62%
AEHR	58 Neutral	966.20M	-245.73	-3.18%	―	-10.95%	-111.40%
COHU	56 Neutral	957.44M	-11.00	-10.49%	―	-21.27%	-207.30%
SQNS	49 Neutral	23.99M	―	128.13%	―	32.23%	―
MX	47 Neutral	117.83M	-3.53	-14.16%	―	4.09%	9.30%
WOLF	44 Neutral	347.37M	-0.20	359.92%	―	-6.14%	-63.68%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

inTEST Corporate Events

inTEST Holds Annual Stockholders Meeting, Elects Directors

On June 18, 2025, inTEST Corporation held its Annual Meeting of Stockholders where key decisions were made regarding the company’s leadership and financial oversight. The stockholders elected five director nominees to serve until the next annual meeting and ratified the appointment of RSM US LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Additionally, stockholders approved the compensation of named executive officers and determined the frequency of future advisory votes on executive compensation.

InTest Appoints Richard Rogoff as Division President

On June 12, 2025, InTest Corporation announced the appointment of Richard Rogoff as President of its Environmental Technologies Division, effective June 11, 2025. This leadership transition aligns with the company’s strategic focus on operational efficiency and performance improvement, as part of its VISION 2030 growth strategy. Rogoff, who joined InTest in 2021, previously served as Vice President of Corporate Development, where he led the company’s M&A strategy and sustainability initiatives. His appointment is expected to enhance execution and deliver value through both organic growth and targeted acquisitions, supporting InTest’s continued momentum across its core markets.