inTest Corporation (INTT) financial statements (2022 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
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,19510,2777,61217,86113,29028,61125,710
Cash and cash equivalents21,19510,2777,61217,86113,29028,61125,710
Receivables16,5368,4359,29610,56312,1665,3774,395
Inventory, net of allowances, customer advances and progress billings12,8637,4767,1826,5204,9663,6763,520
Inventory12,8637,4767,1826,5204,9663,6763,520
Deferred tax assets   559
Other undisclosed current assets1,483776805677577342639
Total current assets:52,07726,96424,89535,62130,99938,00634,823
Noncurrent Assets
Operating lease, right-of-use asset5,9196,3874,842
Property, plant and equipment2,6882,3502,4202,7171,5419441,112
Intangible assets, net (including goodwill)43,08226,15927,39228,64929,7522,5812,810
Goodwill21,44813,73813,73813,73813,7381,7061,706
Intangible assets, net (excluding goodwill)21,63412,42113,65414,91116,0148751,104
Restricted cash and investments100140140175175175350
Other noncurrent assets393026252628203
Deferred tax assets, net  1,110686
Total noncurrent assets:51,82835,06634,82031,56631,4944,8385,161
TOTAL ASSETS:103,90562,03059,71567,18762,49342,84439,984
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,2966,4416,1065,4087,7794,8093,692
Accounts payable4,2812,4241,9841,7872,0321,368909
Accrued liabilities1,9111,2481,247 1,7671,2781,317
Employee-related liabilities4,0801,9442,0072,9212,7811,5881,466
Taxes payable2,0248258687001,199575 
Deferred revenue6,038396456
Debt4,100 1,302    
Business combination, contingent consideration, liability   12,1675,355  
Contract with customer, liability1,258
Other liabilities1,2678044972,585399247367
Other undisclosed current liabilities1,3711,215  886  
Total current liabilities:25,0728,8568,36121,41814,4195,0564,059
Noncurrent Liabilities
Long-term debt and lease obligation21,2486,0503,794    
Long-term debt, excluding current maturities16,000      
Operating lease, liability5,2486,0503,794
Liabilities, other than long-term debt2,7622,3722,2632,6898,786  
Accounts payable and accrued liabilities    436  
Deferred tax liabilities, net2,6892,606  
Deferred income tax liabilities1,3791,9222,263
Other liabilities453450     
Business combination, contingent consideration, liability930   5,744  
Other undisclosed noncurrent liabilities  463200   
Total noncurrent liabilities:24,0108,4226,5202,8898,786  
Total liabilities:49,08217,27814,88124,30723,2055,0564,059
Stockholders' equity
Stockholders' equity attributable to parent54,82344,75244,83442,88039,28837,78835,925
Common stock109106104105104104105
Treasury stock, value(204)(204)(204)(204)(204)(204)(204)
Additional paid in capital29,93126,85126,25626,51325,86025,57826,286
Accumulated other comprehensive income594889673783882639725
Retained earnings24,39317,11018,00515,68312,64611,6719,013
Total stockholders' equity:54,82344,75244,83442,88039,28837,78835,925
TOTAL LIABILITIES AND EQUITY:103,90562,03059,71567,18762,49342,84439,984

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues84,87853,82360,66078,56366,80140,22738,889
Cost of revenue(43,654)(29,719)(31,435)(39,162)(32,111)(19,849)(20,191)
Gross profit:41,22424,10429,22539,40134,69020,37818,698
Operating expenses(32,765)(25,321)(26,676)(34,221)(31,079)(16,232)(16,136)
Operating income (loss):8,459(1,217)2,5495,1803,6114,1462,562
Nonoperating income (expense)(57)(40)52(302)3734521
Foreign currency transaction gain (loss), before tax (26)(3)(165)146(16) 
Other nonoperating income (expense)(57)(14)55(137)2276121
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 263165(146)16 
Income (loss) from continuing operations before income taxes:8,402(1,231)2,6045,0433,8384,2072,583
Income tax expense (benefit)(1,119)336(282)(2,006)(2,863)(1,549)(722)
Net income (loss) available to common stockholders, diluted:7,283(895)2,3223,0379752,6581,861

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):7,283(895)2,3223,0379752,6581,861
Other comprehensive income (loss)    243(86)(268)
Comprehensive income (loss):7,283(895)2,3223,0371,2182,5721,593
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(295)216(110)(99)   
Comprehensive income (loss), net of tax, attributable to parent:6,988(679)2,2122,9381,2182,5721,593

Statements sources

The financial statements are based on the company's filings with the 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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