INTT Earnings Prediction
The chart below shows how INTT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, INTT sees a +2.50% change in stock price 10 days leading up to the earnings, and a +2.40% change 10 days following the report. On the earnings day itself, the stock moves by -2.52%. This data can give you a slight idea of what to expect for the next quarter's release.
INTT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
30.27M
-2.16%
-10.94%
Gross Margin
46.29%
-0.86%
14.04%
Operating Margin
1.61%
-79.82%
62.63%
Net Margin
1.64%
-77.72%
141.18%
EPS
0.04
-78.95%
100.00%
No Data Available
INTT Earnings Analysis
inTEST Corporation Corporation (INTT.A) Earnings Conference Call
Positive
Gross Margin Expansion: 1. Strong Gross Margin: Achieved a gross margin of 46.3%, representing a 570 basis points expansion sequentially, driven by a favorable product mix and improved volume from higher-margin back-end semi solutions.
Alfamation Revenue Contribution: 2. Revenue Contribution from Alfamation: Alfamation contributed $5.4 million in revenue during the quarter, enhancing overall sales performance despite challenges in other segments.
Operating Margin Expansion: 3. Improved Operating Margin: Operating margin expanded by 60 basis points sequentially, reflecting effective cost management and a favorable product mix.
Cash Flow Generation: 4. Positive Cash Flow Generation: Generated $4.2 million in operating cash flow, resulting in a free cash flow of $3.7 million after capital expenditures.
Debt Management and Buybacks: 5. Debt Repayment and Share Repurchase: Repaid approximately $5.3 million of debt and repurchased about 141,000 shares for a total investment of $1 million, demonstrating strong capital management.
Negative
Revenue Decrease Analysis: 1. Revenue Decline: Revenue for Q3 2024 was $30 million, a decrease of $0.7 million compared to Q3 2023, primarily due to a $7.1 million sales decline in the semiconductor sector.
Operating Expense Rise: 2. Operating Expense Increase: Operating expenses rose by $1.5 million year-over-year, attributed to the inclusion of Alfamation's operating expenses, despite some cost reductions.
Cash and Equivalents Decline: 3. Cash Decrease: Cash and equivalents at the end of Q3 were $18 million, down $2 million from the previous quarter, reflecting net debt repayments and share repurchases.
Revised Revenue Outlook: 4. Tightened Revenue Guidance: The company tightened its full-year revenue outlook to a range of $128 million to $131 million, indicating a slowdown in expected growth.
Backlog Performance Analysis: 5. Backlog Decline: Although backlog improved year-over-year, it declined compared to the previous quarter as the company worked down Alfamation's backlog, indicating potential future revenue challenges.
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INTT Earning Call Sentiment
inTEST Corporation. (INTT) Q3 2024 Earnings Call Transcript
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INTT.A
-0.48%Positive
The earnings call reveals mixed signals. Financial performance shows slight revenue decline but improved margins, indicating cost efficiency. The semiconductor market faces challenges, yet there's optimism in auto EV growth. Share repurchases are positive, but supply chain issues and integration risks with Alfamation pose concerns. The Q&A highlights management's vague responses on key issues like headcount impact, suggesting uncertainty. Overall, the sentiment is neutral, with balanced positive and negative factors influencing the stock price.
