inTest Corporation (INTT) Financial Statements (2023 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)
Annual | Quarterly

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,43421,19510,2777,61217,86113,290
Cash and cash equivalents13,43421,19510,2777,61217,86113,290
Receivables21,21516,5368,4359,29610,56312,166
Inventory, net of allowances, customer advances and progress billings22,56512,8637,4767,1826,5204,966
Inventory22,56512,8637,4767,1826,5204,966
Other undisclosed current assets2,8371,483776805677577
Total current assets:60,05152,07726,96424,89535,62130,999
Noncurrent Assets
Operating lease, right-of-use asset5,7705,9196,3874,842✕✕
Property, plant and equipment3,1322,6882,3502,4202,7171,541
Intangible assets, net (including goodwill)40,16443,08226,15927,39228,64929,752
Goodwill21,60521,44813,73813,73813,73813,738
Intangible assets, net (excluding goodwill)18,55921,63412,42113,65414,91116,014
Restricted cash and investments100100140140175175
Deferred income tax assets280   ✕✕
Other noncurrent assets5693930262526
Total noncurrent assets:50,01551,82835,06634,82031,56631,494
TOTAL ASSETS:110,066103,90562,03059,71567,18762,493
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15,06212,2966,4416,1065,4087,779
Taxes payable✕✕2,0248258687001,199
Employee-related liabilities✕✕4,0801,9442,0072,9212,781
Accounts payable7,3944,2812,4241,9841,7872,032
Accrued liabilities7,6681,9111,2481,247 1,767
Deferred revenue4,4986,038396456✕✕
Debt4,1004,100 1,302  
Business combination, contingent consideration, liability     12,1675,355
Contract with customer, liability✕✕✕✕✕1,258✕
Other liabilities1,5641,2678044972,585399
Other undisclosed current liabilities1,6451,3711,215  886
Total current liabilities:26,86925,0728,8568,36121,41814,419
Noncurrent Liabilities
Long-term debt and lease obligation12,04221,2486,0503,794  
Long-term debt, excluding current maturities12,04216,000    
Liabilities, other than long-term debt6,1992,7622,3722,2632,6898,786
Accounts payable and accrued liabilities      436
Deferred tax liabilities, net✕✕✕✕✕2,6892,606
Deferred income tax liabilities  1,3791,9222,263✕✕
Other liabilities455453450   
Operating lease, liability4,7055,2486,0503,794✕✕
Business combination, contingent consideration, liability1,039930   5,744
Other undisclosed noncurrent liabilities    463200 
Total noncurrent liabilities:18,24124,0108,4226,5202,8898,786
Total liabilities:45,11049,08217,27814,88124,30723,205
Equity
Equity, attributable to parent64,95654,82344,75244,83442,88039,288
Common stock111109106104105104
Treasury stock, value(214)(204)(204)(204)(204)(204)
Additional paid in capital31,98729,93126,85126,25626,51325,860
Accumulated other comprehensive income218594889673783882
Retained earnings32,85424,39317,11018,00515,68312,646
Total equity:64,95654,82344,75244,83442,88039,288
TOTAL LIABILITIES AND EQUITY:110,066103,90562,03059,71567,18762,493

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues116,82884,87853,82360,66078,56366,801
Cost of revenue(63,388)(43,654)(29,719)(31,435)(39,162)(32,111)
Gross profit:53,44041,22424,10429,22539,40134,690
Operating expenses(42,719)(32,765)(25,321)(26,676)(34,221)(31,079)
Operating income (loss):10,7218,459(1,217)2,5495,1803,611
Nonoperating income (expense)(50)(57)(40)52(302)373
Gain (loss), foreign currency transaction, before tax(109) (26)(3)(165)146
Other nonoperating income (expense)59(57)(14)55(137)227
Interest and debt expense(635)     
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  263165(146)
Income (loss) from continuing operations before equity method investments, income taxes:10,0368,402(1,231)2,6045,0433,838
Other undisclosed income from continuing operations before income taxes109     
Income (loss) from continuing operations before income taxes:10,1458,402(1,231)2,6045,0433,838
Income tax expense (benefit)(1,684)(1,119)336(282)(2,006)(2,863)
Income (loss) from continuing operations:8,4617,283(895)2,3223,037975
Income (loss) before gain (loss) on sale of properties:✕7,283(895)2,3223,037975
Net income (loss) available to common stockholders, diluted:8,4617,283(895)2,3223,037975

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):8,4617,283(895)2,3223,037975
Other comprehensive income      243
Comprehensive income (loss):8,4617,283(895)2,3223,0371,218
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(376)(295)216(110)(99) 
Comprehensive income (loss), net of tax, attributable to parent:8,0856,988(679)2,2122,9381,218

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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