INTEST CORP
Business
InTest Corporation is a global supplier of innovative test and process technology solutions for manufacturing and testing across semiconductors, automotive/EV, defense/aerospace, industrial, life sciences, and other markets. The company designs, manufactures, and sells specialized equipment including test manipulators, docking hardware, thermal conditioning systems, induction heating equipment, functional test platforms, and digital imaging solutions through six subsidiary brands. InTest operates three reportable segments—Electronic Test, Environmental Technologies, and Process Technologies—with manufacturing and service facilities in the U.S., Canada, Italy, Germany, Singapore, Malaysia, and the U.K., serving semiconductor manufacturers, ATE manufacturers, and OEMs worldwide.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 114 | 131 | 123 | 117 | 85 | |
| Cost of revenue | 65 | 75 | 66 | 63 | 44 | |
| Gross profit | 49 | 55 | 57 | 53 | 41 | |
| Selling expense | 17 | 17 | 18 | 16 | 11 | |
| Engineering and product development expense | 9 | 9 | 8 | 8 | 6 | |
| General and administrative expense | 22 | 24 | 21 | 19 | 16 | |
| Amortization of acquired intangible assets | 3 | 3 | — | — | — | |
| Charges | 850,000 | 0 | — | — | — | |
| Total operating expenses | 53 | 52 | 47 | 43 | 33 | |
| Operating (loss) income | −4 | 3 | 10 | 11 | 8 | |
| Interest expense | −450,000 | −846,000 | −679,000 | — | — | |
| Other income | 953,000 | 906,000 | 1 | 59,000 | 32,000 | |
| (Loss) earnings before income tax (benefit) expense | −3 | 3 | 11 | 10 | 8 | |
| Income tax (benefit) expense | −695,000 | 563,000 | 2 | 2 | 1 | |
| Net (loss) earnings | −3 | 3 | 9 | 8 | 7 | |
| Basic (in USD per share) | −0.21 | 0.24 | 0.82 | 0.79 | 0.7 | |
| Diluted (in USD per share) | −0.21 | 0.24 | 0.79 | 0.78 | 0.68 | |
| Basic (in shares) | 12 | 12 | 11 | 11 | 10 | |
| Diluted (in shares) | 12 | 12 | 12 | 11 | 11 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 14 | 20 | 45 | 13 | 21 | |
| Restricted cash | 4 | 0 | — | — | — | |
| Trade accounts receivable, net of allowance for credit losses of $375 and $423, respectively | 26 | 29 | 18 | 21 | 17 | |
| Inventories | 32 | 27 | 20 | 23 | 13 | |
| Prepaid expenses and other current assets | 3 | 3 | 2 | 2 | 1 | |
| Total current assets | 79 | 79 | 86 | 60 | 52 | |
| Property and equipment, net of accumulated depreciation of $10,083 and $8,830, respectively | 5 | 4 | 3 | 3 | 3 | |
| Right-of-use assets, net | 9 | 11 | 5 | 6 | 6 | |
| Goodwill | 32 | 31 | 22 | 22 | 21 | |
| Intangible assets, net | 25 | 26 | 17 | 19 | 22 | |
| Deferred tax assets | 775,000 | 67,000 | 1 | 280,000 | 0 | |
| Other assets | 789,000 | 1 | 1 | 569,000 | 39,000 | |
| Total assets | 151 | 152 | 135 | 110 | 104 | |
| Current portion of long-term debt | 6 | 7 | 4 | 4 | 4 | |
| Current portion of operating lease liabilities | 2 | 2 | 2 | 2 | 1 | |
| Accounts payable | 11 | 8 | 6 | 7 | 4 | |
| Customer deposits and deferred revenue | 6 | 5 | 4 | 4 | 6 | |
| Accrued expenses and other current liabilities | 10 | 9 | — | — | — | |
| Total current liabilities | 36 | 32 | 24 | 27 | 25 | |
| Operating lease liabilities, net of current portion | 7 | 9 | 3 | 5 | 5 | |
| Long-term debt, net of current portion | 1 | 8 | 8 | 12 | 16 | |
| Contingent consideration, net of current portion | 356,000 | 825,000 | 1 | 1 | 930,000 | |
| Deferred revenue, net of current portion | 1 | 1 | 1 | 0 | — | |
| Other liabilities | 2 | 2 | 384,000 | 455,000 | 453,000 | |
| Total liabilities | 48 | 52 | 39 | 45 | 49 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Preferred stock, $0.01 par value; 5,000,000 shares authorized; no shares issued or outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.01 par value; 20,000,000 shares authorized; 12,570,865 and 12,457,658 shares issued, respectively; 12,488,788 and 12,378,276 shares outstanding, respectively | 125,000 | 124,000 | 122,000 | 111,000 | 109,000 | |
| Additional paid-in capital | 59 | 58 | 54 | 32 | 30 | |
| Retained earnings | 43 | 45 | 42 | 33 | 24 | |
| Accumulated other comprehensive earnings (loss) | 2 | −2 | 414,000 | 218,000 | 594,000 | |
| Treasury stock, at cost; 82,077 and 79,382 shares, respectively | −959,000 | −942,000 | −901,000 | −214,000 | — | |
| Total stockholders equity | 104 | 100 | 96 | 65 | 55 | |
| Total liabilities and stockholders equity | 151 | 152 | 135 | 110 | 104 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 7 | 5 | 5 | 5 | 3 | |
| Provision for excess and obsolete inventory | 818,000 | 703,000 | 500,000 | 771,000 | 203,000 | |
| Amortization of deferred compensation related to stock-based awards | 2 | 2 | 2 | 2 | 1 | |
| Deferred income tax benefit | −1 | −2 | −1 | −2 | −489,000 | |
| Other non-cash reconciling items | −344,000 | 295,000 | — | — | — | |
| Trade accounts receivable | 5 | −6 | 3 | −5 | −5 | |
| Inventories | −4 | 5 | 2 | −11 | −3 | |
| Prepaid expenses and other current assets | 331,000 | 903,000 | −535,000 | −243,000 | −416,000 | |
| Other assets | −197,000 | −30,000 | −686,000 | −2,000 | −9,000 | |
| Operating lease liabilities | −2 | −2 | −2 | −1 | −1 | |
| Accounts payable | 3 | −2 | −2 | 3 | 1 | |
| Customer deposits and deferred revenue | 975,000 | −1 | −759,000 | −1 | 5 | |
| Domestic and foreign income taxes payable | 119,000 | −1 | −371,000 | −573,000 | 301,000 | |
| Deferred revenue, net of current portion | −377,000 | −16,000 | 1 | 0 | — | |
| Accrued expenses and other liabilities | −297,000 | 649,000 | −17,000 | 61,000 | −6,000 | |
| Net cash provided by operating activities | 7 | 4 | 16 | −1 | 11 | |
| Acquisition of business, net of cash acquired | 0 | −19 | 0 | 0 | −20 | |
| Purchases of property and equipment | −2 | −1 | −1 | −1 | −994,000 | |
| Net cash used in investing activities | −2 | −20 | −1 | −1 | −21 | |
| Repayments of short-term borrowings, net of proceeds | −4 | −152,000 | 0 | — | — | |
| Repayments of long-term debt | −4 | −8 | — | — | — | |
| Repurchases of common stock | 0 | −1 | 0 | — | 0 | |
| Proceeds from stock options exercised | 22,000 | 145,000 | 978,000 | 38,000 | 2 | |
| Proceeds from shares sold under Employee Stock Purchase Plan | 124,000 | 138,000 | 174,000 | 197,000 | 43,000 | |
| Settlement of employee tax liabilities in connection with treasury stock transaction | −17,000 | −41,000 | −687,000 | −10,000 | 0 | |
| Net cash used in financing activities | −8 | −9 | 16 | −4 | 22 | |
| Effects of exchange rates on cash | 770,000 | −559,000 | 163,000 | −324,000 | −277,000 | |
| Net cash used in all activities | −2 | −25 | 31 | −7 | 11 | |
| Interest | 456,000 | 881,000 | 688,000 | — | — | |
| Total income taxes paid net of refunds received | 193,000 | 3 | — | — | — | |
| Equity issued in conjunction with acquisition of business | 0 | 2 | — | 0 | −4 | |
| Issuance of unvested shares of restricted stock awards | 1 | 2 | 2 | 1 | 2 | |
| Forfeiture of shares of unvested restricted stock awards | −557,000 | −200,000 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is INTEST CORP's CIK number?
INTEST CORP's SEC CIK number is 0001036262 (1036262). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find INTEST CORP's SEC filings?
All of INTEST CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did INTEST CORP last report earnings?
INTEST CORP (INTT) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001036262-26-000029). This is INTEST CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is INTEST CORP's most recent earnings 8-K?
INTEST CORP's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001036262-26-000029. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View INTEST CORP's latest earnings 8-K →
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