inTest Corporation (INTT) Financial Statements (2024 and earlier)

Company Profile

Business Address 804 EAST GATE DR., SUITE 200
MT. LAUREL, NJ 08054
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3825 - Instruments for Measuring and Testing of Electricity and Electrical Signals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37,43515,42813,43412,39514,02817,211
Cash and cash equivalents37,43515,42813,4348,90110,54317,211
Short-term investments    3,4943,485 
Receivables21,58120,99121,21521,13422,48917,292
Inventory, net of allowances, customer advances and progress billings23,07024,48922,56521,09217,51914,913
Inventory23,07024,48922,56521,09217,51914,913
Other undisclosed current assets1,4952,9612,8373,0081,5501,853
Total current assets:83,58163,86960,05157,62955,58651,269
Noncurrent Assets
Operating lease, right-of-use asset5,1775,5065,7705,0175,3205,657
Property, plant and equipment3,2183,2073,1323,0692,9582,804
Intangible assets, net (including goodwill)39,32039,68240,16440,28841,62742,768
Goodwill21,70721,63621,60521,39421,72021,863
Intangible assets, net (excluding goodwill)17,61318,04618,55918,89419,90720,905
Restricted cash and investments100100100100100100
Deferred income tax assets965684280   
Other noncurrent assets496468569598434336
Total noncurrent assets:49,27649,64750,01549,07250,43951,665
TOTAL ASSETS:132,857113,516110,066106,701106,025102,934
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,70115,32315,06219,97718,70416,311
Taxes payable1,3351,5361,625
Employee-related liabilities3,5373,0902,898
Accounts payable5,7357,8017,3948,1837,8025,896
Accrued liabilities6,9667,5227,6686,9226,2765,892
Deferred revenue5,1765,4484,4985,0775,7015,425
Debt4,1004,1004,1004,1004,1004,100
Other liabilities1,6601,6111,5641,3861,5981,390
Other undisclosed current liabilities1,7311,7141,645(3,442)(3,207)(3,079)
Total current liabilities:25,36828,19626,86927,09826,89624,147
Noncurrent Liabilities
Long-term debt and lease obligation9,99211,01712,04217,26318,63119,993
Long-term debt, excluding current maturities9,99211,01712,04213,06714,09215,117
Liabilities, other than long-term debt5,4335,8056,1991,9192,3782,793
Deferred income tax liabilities    217574941
Other liabilities411425455464474483
Operating lease, liability3,9594,3384,7054,1964,5394,876
Business combination, contingent consideration, liability1,0631,0421,0391,2381,3301,369
Total noncurrent liabilities:15,42516,82218,24119,18221,00922,786
Total liabilities:40,79345,01845,11046,28047,90546,933
Equity
Equity, attributable to parent92,06468,49864,95660,42158,12056,001
Common stock122112111111110110
Treasury stock, value(288)(247)(214)(214)(214)(204)
Additional paid in capital53,29632,67331,98731,51630,97430,358
Accumulated other comprehensive income (loss)470289218(602)164767
Retained earnings38,46435,67132,85429,61027,08624,970
Total equity:92,06468,49864,95660,42158,12056,001
TOTAL LIABILITIES AND EQUITY:132,857113,516110,066106,701106,025102,934

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues32,55831,91932,40530,77129,57124,081
Cost of revenue(17,528)(16,867)(17,424)(16,873)(16,023)(13,068)
Gross profit:15,03015,05214,98113,89813,54811,013
Operating expenses(11,686)(11,534)(10,949)(10,739)(10,820)(10,211)
Operating income:3,3443,5184,0323,1592,728802
Nonoperating income (expense)19758375(120)(158)(147)
Gain (loss), foreign currency transaction, before tax  18(109)   
Other nonoperating income (expense)19758484(120)(158)(147)
Interest and debt expense(176)(182)    
Other undisclosed loss from continuing operations before equity method investments, income taxes   (635)   
Income from continuing operations before equity method investments, income taxes:3,3653,3943,7723,0392,570655
Other undisclosed income from continuing operations before income taxes   109   
Income from continuing operations before income taxes:3,3653,3943,8813,0392,570655
Income tax expense(572)(577)(637)(515)(454)(78)
Income from continuing operations:2,7932,8173,2442,5242,116577
Income before gain (loss) on sale of properties:2,5242,116577
Net income available to common stockholders, diluted:2,7932,8173,2442,5242,116577

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:2,7932,8173,2442,5242,116577
Comprehensive income:2,7932,8173,2442,5242,116577
Other undisclosed comprehensive income (loss), net of tax, attributable to parent18171820(766)(603)173
Comprehensive income, net of tax, attributable to parent:2,9742,8884,0641,7581,513750

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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