Quarterly ResultMay 11, 2026, 04:19 PM
InTest Q1 Revenue +27.2% to $33.89M; Net Earnings $0.79M; EPS $0.06
AI Summary
InTest Corporation reported a significant improvement in its first quarter 2026 financial results, moving from a net loss to net earnings. Revenue increased by 27.2% year-over-year, driven by strong performance. The company also saw a substantial turnaround in operating income, despite an increase in restructuring costs.
Key Highlights
- Revenue increased 27.2% to $33.89 million for Q1 2026 from $26.64 million in Q1 2025.
- Net earnings were $0.79 million ($0.06 EPS) for Q1 2026, compared to a net loss of $2.33 million ($-0.19 EPS) in Q1 2025.
- Operating income was $0.95 million for Q1 2026, a significant improvement from an operating loss of $2.88 million in Q1 2025.
- Gross profit rose to $15.41 million in Q1 2026 from $11.06 million in Q1 2025.
- Total assets were $150.77 million as of March 31, 2026, a slight decrease from $151.31 million at December 31, 2025.
- Total stockholders' equity increased to $104.47 million as of March 31, 2026, from $103.62 million at December 31, 2025.
- Restructuring costs increased to $0.74 million in Q1 2026 from $0.31 million in Q1 2025.
- Cash and cash equivalents were $12.87 million at March 31, 2026, down from $14.22 million at December 31, 2025.