inTEST delays earnings release, provides preliminary Q4 revenue of about $28.4M
- inTEST (NYSE:INTT) on Thursday said it will reschedule its fourth quarter and full year 2023 earnings release and investor conference call, which was previously scheduled for March 1, 2024.
- The company said it requires additional time to complete the year-end audit and review process.
- The company expects to report its results coincident with, or prior to, the filing of its Annual Report on Form 10-K for the year ended December 31, 2023.
- inTEST provided preliminary Q4 revenue of approximately $28.4 million with net earnings of approximately $1.7 million, or $0.14 per diluted share.
- Cash generated from operations in the fourth quarter was $4.7 million. Orders in the fourth quarter were $27.5 million.
- Revenue for the first quarter of 2024 is expected to be in the range of $28 million to $30 million, with gross margin of approximately 46%.
- First quarter 2024 earnings per diluted share is expected to be in the range of $0.08 to $0.13.
- Revenue for FY24 is expected to be in the range of $125 million to $130 million.
- INTT +1.36% after hours to $11.84.
- Source: Press Release
