INTEST (INTT) Company Report

InTest Corporation's Alfamation business received a $3.7 million follow-on order for medical device testing systems from an existing customer.
This order will supply multiple additional functional test systems to automate high-volume medical device testing, with the goal of testing 50 million devices a year.
The order advances InTest's diversification strategy and expands Alfamation's presence in the life sciences market.

Dec 9, 2025, 1:00 PM

Press Release

inTEST Corporation Reports Strong Q3 Orders and Provides Q4 Guidance

INTT

Guidance Update

Revenue Acceleration/Inflection

M&A

inTEST Corporation (INTT) reported strong Q3 2025 orders of $37.6 million, increasing its backlog to just under $50 million, driven by strength in automotive/EV and defense/aerospace.
Q3 2025 revenue was $26 million, softer than anticipated due to approximately $2 million in shipments slipping into October, but the company projects Q4 2025 revenue between $30 million and $32 million with gross margins around 43%.
INTT generated $3.1 million in operating cash in Q3 2025, totaling $7 million year-to-date, and has reduced debt by over $6 million this year, aiming to be nearly debt-free by the end of 2026.
The company's Vision 2030 strategy targets revenue of $235 million-$285 million through organic growth and M&A, planning to acquire $50 million-$60 million in revenue from companies in the $20 million-$40 million range.

Nov 19, 2025, 1:55 PM

Transcript

inTesT Corporation Reports Strong Q3 Orders, Provides Q4 Guidance, and Details Vision 2030 Growth Strategy

INTT

Guidance Update

Revenue Acceleration/Inflection

M&A

inTesT Corporation reported strong Q3 orders of $37.6 million, primarily driven by its automotive/EV and defense/aerospace businesses, resulting in a growing backlog of just under $50 million.
While Q3 revenue was $26 million, impacted by delayed shipments, the company expects Q4 revenue to rebound to $30-$32 million with gross margins around 43%. The company also generated $3.1 million in operating cash flow in Q3 and maintains a strong balance sheet with $12 million in net cash.
The company outlined its Vision 2030 strategy, targeting $235 million-$285 million in revenue through organic and inorganic growth, including plans to acquire $50 million-$60 million of revenue from companies in the $20 million-$40 million range. New product revenue is currently around 17% with a target of 25%+.

Nov 19, 2025, 1:55 PM

Transcript

inTEST Corporation Discusses Q3 2025 Performance and Vision 2030 Strategy

INTT

Guidance Update

M&A

Revenue Acceleration/Inflection

inTEST Corporation reported strong Q3 2025 orders of $37.6 million, primarily from automotive/EV and defense/aerospace, which increased the backlog to just under $50 million.
Q3 2025 revenue was $26 million, below expectations due to delayed shipments of new technologies into October, resulting in a GAAP loss of $0.08 per share and adjusted EPS of $0.02.
The company provided Q4 2025 revenue guidance of $30 million to $32 million with an estimated gross margin of 43%.
inTEST generated $3.1 million in operating cash flow in Q3 2025, has reduced debt by over $6 million this year, and expects to be nearly debt-free by the end of 2026.
The company outlined its Vision 2030 strategy, targeting $235 million-$285 million in revenue, with M&A playing a key role in achieving $50 million-$60 million of acquired revenue.

Nov 19, 2025, 1:55 PM

Transcript

INTT Reports Q3 2025 Results and Provides Q4 Guidance

INTT

Guidance Update

Revenue Acceleration/Inflection

M&A

INTT reported Q3 2025 revenue of $26.2 million, a sequential decrease of $1.9 million and a year-over-year decrease of $4.0 million, primarily due to late-quarter shipment delays. This resulted in a net loss of $(0.9) million and an Adjusted EBITDA of $0.4 million for the quarter.
Orders for Q3 2025 were $37.6 million, marking a 35.6% sequential increase and a 34.2% year-over-year increase, driven by strong performance in Auto/EV and Defense/Aerospace. The backlog subsequently increased 30.1% sequentially to $49.3 million as of September 30, 2025.
For Q4 2025, INTT anticipates revenue between $30 million and $32 million and a gross margin of approximately 43%, which includes approximately $2 million of Q3 delayed shipments.
The company reduced its total debt by $6.2 million during the first nine months of 2025 and maintained approximately $61 million in liquidity as of September 30, 2025.
Under its VISION 2030 strategy, INTT targets revenue of $235-$285 million by 2030 through organic growth and acquisitions, aiming for $50 million to $60 million of total acquired revenue.

Nov 19, 2025, 1:55 PM

Presentation

INTT Reports Q3 2025 Results with Strong Order Growth and Q4 Guidance

INTT

Earnings

Guidance Update

Revenue Acceleration/Inflection

INTT reported a net loss of $(0.9) million and diluted EPS of $(0.08) for Q3 2025. Despite this, the company generated $3.1 million in free cash flow during the quarter.
Orders for Q3 2025 increased 34.2% year-over-year and 35.6% sequentially, reaching their highest level since Q2 2022, primarily driven by Auto/EV and Defense/Aerospace demand.
Revenue for Q3 2025 was $26.2 million, down $1.9 million sequentially and $4.0 million year-over-year, attributed to late-quarter shipment delays. The gross margin for the quarter was 41.9%, a decrease of 440 basis points year-over-year.
For Q4 2025, INTT expects revenue between $30 million and $32 million, with a gross margin of approximately 43% and operating expenses between $12.3 million and $12.7 million.

Nov 5, 2025, 1:30 PM

Presentation

InTest Reports Third Quarter 2025 Results with Surging Orders and Q4 Guidance

INTT

Earnings

Guidance Update

InTest reported Q3 2025 revenue of $26.2 million, a 13.3% decrease year-over-year, primarily due to late-quarter shipment delays that have since been fulfilled.
Orders for Q3 2025 surged 34.2% year-over-year to $37.6 million, reaching their highest level since Q2 2022, driven by strong demand in auto/EV, industrial, defense/aerospace, and life sciences.
The company posted a net loss of $0.9 million, or $(0.08) per diluted share, and an Adjusted EPS of $(0.02) per diluted share for Q3 2025.
Backlog increased by $11.4 million to $49.3 million at September 30, 2025, representing a 30.1% increase from June 30, 2025.
InTest provided Q4 2025 revenue guidance of $30 million to $32 million.

Nov 5, 2025, 11:37 AM

8-K

InTest Reports Third Quarter 2025 Results

INTT

Earnings

Guidance Update

Revenue Acceleration/Inflection

InTest reported revenue of $26.2 million for the third quarter of 2025, a 13.3% decrease year-over-year, resulting in a net loss of $0.9 million or $(0.08) per diluted share.
Orders for the quarter surged 34.2% year-over-year to $37.6 million, and backlog increased 30.1% from June 30, 2025, to $49.3 million.
The company generated $3.5 million in cash from operations and reduced total debt by $1.2 million from June 30, 2025.
For the fourth quarter of 2025, InTest expects revenue to be between $30 million and $32 million.

Nov 5, 2025, 11:15 AM

Press Release

InTest Corporation Secures Defense Industry Order

INTT

New Projects/Investments

Guidance Update

InTest Corporation (INTT) was awarded a $2.6 million order from a prime defense contractor.
The order is for multiple thermal test systems from InTest's Environmental Technologies Division, to be used for electronics testing on advanced military/aerospace systems and ultra-low temperature testing of advanced electronic systems in missile production.
Shipments for this order are expected to occur over a six-month period, beginning in the fourth quarter of this year.
CEO Nick Grant stated that this order supports confidence in delivering quarter over quarter growth through the year.

Aug 6, 2025, 10:25 AM

Press Release

InTest Reports Q2 2025 Financial Results and Provides Q3 2025 Outlook

INTT

Earnings

Guidance Update

Revenue Acceleration/Inflection

InTest reported Q2 2025 revenue of $28.1 million, representing a 6% sequential increase, while orders grew 9.5% sequentially to $27.8 million.
The company's gross margin expanded by 110 basis points sequentially to 42.6% in Q2 2025, and its net loss narrowed to $0.5 million, or $(0.04) per diluted share.
InTest reduced its total debt by $1.7 million from March 31, 2025, bringing the total to $10.1 million as of June 30, 2025.
For Q3 2025, InTest forecasts revenue to be between $28 million and $30 million, with gross margin similar to the second quarter.