This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

InTEST Corporation Reports Preliminary Unaudited Fourth Quarter 2009 Results And Schedules Conference Call

CHERRY HILL, N.J., Feb. 17 /PRNewswire-FirstCall/ -- inTEST Corporation (Nasdaq: INTT), an independent designer, manufacturer and marketer of semiconductor automatic test equipment (ATE) interface solutions and temperature management products, today announced preliminary unaudited results for the quarter ended December 31, 2009.  The Company is releasing these preliminary results today due in part to inquiries from several shareholders requesting information prior to the Company's planned release of final audited results in late March.  The news release announcing final audited results for the quarter and year ended December 31, 2009 is expected to be disseminated on Wednesday, March 24, 2010, after the market close, followed by the Company's quarterly conference call with investors and analysts at 5:00 pm ET to discuss the Company's results and management's current expectations and views of the industry.  The call may also include discussions of strategic, operating, product initiatives or developments, or other matters relating to the Company's current or future performance.

Net revenues for the quarter ended December 31, 2009 were $8.4 million, compared to $6.0 million for the third quarter of 2009.  Our net income for the quarter ended December 31, 2009 was $145,000 or $0.02 per diluted share, compared to a net loss of $(278,000) or $(0.03) per diluted share for the third quarter of 2009.  The net income for the fourth quarter included restructuring charges of $307, 000 or $0.03 per diluted share.  The net loss for the third quarter included restructuring charges of $(27,000) or $(0.00) per diluted share.  The restructuring charges recorded during the fourth quarter of 2009 were incurred by our Thermal Products segment and represent severance costs and facility closure costs related to the relocation of our Sigma Systems subsidiary.  The restructuring charges recorded during the third quarter of 2009 were incurred by our Mechanical Products segment and consist of facility closure costs for our Japanese subsidiary.

Bookings for the quarter ended December 31, 2009 were $9.4 million, an increase of 19% over the $7.9 million in bookings for the third quarter of 2009.

The preliminary results released today are unaudited and subject to change and do not reflect any asset impairment charges or other adjustments that may be proposed by the Company's auditors.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
INTT $4.11 1.48%
AAPL $111.42 0.58%
FB $92.51 -1.60%
GOOG $643.92 0.38%
TSLA $234.60 -4.70%


Chart of I:DJI
DOW 16,865.45 +75.26 0.45%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs