- Earnings call transcript Q3 2022

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Operator

Good day and welcome to the inTEST Corporation’s Third Quarter 2022 Financial Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation there will be an opportunity to ask questions. [Operator Instructions.] Please note today’s event is being recorded. I would now like to turn the conference over to Shawn Southard, Investor Relations. ahead. go Please

Shawn Southard

afternoon, your Good appreciate time your Thank in everyone. inTEST and interest Corporation. today you. We

Here with Treasurer. me and are; Nick Grant, our our Financial Duncan President Chief Officer and Gilmour, and CEO;

third opening ir.intest.com. You a on accompany be we earlier we as line the morning. should this our the After our Q&A. presentation, access financial not, will can as copy the conversation released you have If our release, for results, formal quarter the of slides which at XXXX website well will that

you’ll to will Harbor If turn the Slide deck, first statement. X I in Safe review the

today. is You the to should well statements on Exchange as as factors documents we the found our and as provided what in well risks events statements that make stated from can as at during Commission. Q&A other website the materially some future session. filed risks with here These uncertainties, cause differ as other and be forward-looking Securities to aware sec.gov. be factors actual and that results and are with during apply the other discussions, subject as documents the release, could are formal uncertainties to earnings These These or may well company that by

During We discuss useful today’s call, be some we will measures. these believe performance. also will non-GAAP financial in our evaluating

accordance GAAP. information or as isolation with this a in not results should additional presentation for prepared the You in of consider substitute

will the over that to With non-GAAP Nick turn of turn today’s that, reconciliation provided comparable I in begin. measures Nick? to X the have with slides. and it Slide to accompany We GAAP in release and measures tables please

Nick Grant

team third Strategy solid quality has impressive quarter, leveraging Thanks record quarter XX.X of inTEST believe XX% delivered I hard earnings XXXX The everyone and call. in delivering us in our sales of our X-Point and an believe to our staying execution as well-focused. you, for another indicative entire and engineered we joining as success we XX% strategy another and track focus our Thank solutions, growing for our thank markets, million. expanding that are efforts want strong on grew on of grew force. our that good target X-Point revenue perseverance. In demonstrates everyone. directs been results well of We working Organically, at the focus Shawn, afternoon, quarter third revenue year-over-year. We markets, year-over-year our strong our keeps to for our as their us level and

in deepen we to Sales the more over the the for growth the heating material. doubled than our efficient more our significant with our The make expansion market for our crystal semi-market, combined advantages in this semiconductor In fact, customer increase enabling carbide carbide Demand reach. growth as crystal base, used specifically silicon solutions induction powerful applications. front-end the to carbide technology demand reflects year. this and of solutions innovative inroads some our drive prior application existing in in is our growth as customers, strong and us excellent remains rapid silicon a of focus expand innovation, silicon relationships geographic in of with

up our make sales sequentially. semi XX% with a semi back-end well continue up thermal XX% and in solutions. test We and ago Back-end inroads to as year were positive versus

has and solutions test our mixed where semiconductor reminder, elevated. a space analog in remained this demand As production primarily signals serve

the which and are is minimal microprocessor overcapacity. some is exposure memory in companies at currently Our reporting space,

turn benefiting our our strength market, a of EV defense the over it previous excellent to in are over both financials backlog let these Duncan me review Duncan, at acquired acquisitions to our XX.X with life With record We Likewise, and markets. have from surpassed end backlog continue you. to the inroads as to whole detail. Of note, with in we businesses. the in and with in expanded million in our that, organic make the the presence and we more sciences quarter.

Duncan Gilmour

Nick. third the versus same million, made guidance of to X.X up XXXX range XX.X the Revenue quarter Thank year end you, This XX% at on on for was X. of million. our XX period Starting and top Slide million last revenue XX operations the contributed operations, million from our $X.X target X.X growth of quarter markets. million representing in to legacy growth. inTEST nearly million XX% comprised last legacy year fourth growth organic million from and acquisitions the acquisitions in X.X and revenue all the Both

auto/EV, sciences, from contributor new growth company's this and the And to to new markets. broadening markets. defense strategy indicative Our in contribution with and is the diversify life expand acquisitions main and customers the revenue security, were of

$X from and As semiconductor the million. trends Nick similar QX by XXXX the we in also logistics are segments approximately revenue benefiting estimate impacted recent quarters we chain mentioned, we serve. that challenges industry Supply negatively secular to of this and were

demonstrated Our admirably tenacity and to have continue expectations. these meet challenges order great teams in address to and to continue customer ingenuity

Moving mix. margins reflecting to and from X. changes prior periods, Gross Slide year the product XX.X% in tightened in quarter, the trailing were and channel

to an mid-XX% deliver to XX% also inefficiencies believe the created our consistent cost margins impact business is and on by which continue mix through material long-term range, with headwinds The gross chain U.S. in margins. has supply the operational deliver plan will dollar We also our current margin. segment operating strengthening challenges. continue ongoing manage had We to

approximately Slide which The in consistent on quarter. see with reflects expenses the trailing over operating X.X year incremental our our can the were second X, million primarily million relatively increase prior period, expenses. X.X acquisitions, you added As incorporating

on this $XXX,XXX strategy Pre-tax asset amortization execute marketing, made and intangible we sales, year have from was investments to in our quarter. as second down growth. drive engineering We the also

year volume. gained XXX points revenue, sales operating period As higher a of prior percent demonstrating operating expenses the declined leverage from with the basis

with basis, $X.XX can was results. for after-tax per amortization Turning or intangible second quarter. compared adjusted net adding share to line amortization. million the amounted non-GAAP tax you GAAP share in in EBITDA EPS the to EPS reflects our $XXX,XXX share, back diluted X.X quarter. see acquired per Slide On $X.XX X, third had affected adjusted basis, Adjusted bottom per and the an intangible third acquired On quarter. $X.XX We an earnings

expect $XXX,XXX. decline tax We The reported quarter intangible to quarter fourth amortization to for effective XX.X%. after-tax for the rate the was

over Our $X.X X effective year tax was of to year is and flow. the rate expected and a the XX% cash the be to stock-based trailing nice which for quarters. excludes Adjusted the prior capital shows XX% balance EBITDA, compensation, in our structure improvement Slide both million, range.

by XX million available recently we the this ended with $XX.X As quarter, our during facility. expanded quarter and the loan we million under announced, term facility

We and believe also effectively to to working leveraging the we million the capital on our goals available have executing a continue XX our sheet flexibility Strategy financial achieve have under X-Point for revolver. balance We growth. are

Our million. current liquidity $XX approximately at stands

or and investments impacted foreign third of $X.X end cash million. by million. rates quarter XX.X equivalents short-term cash cash the our balances with about the at cash, Our Currency currency exchange reducing

in We related customer cash on have million to a pre-payment a order. restricted X.X

million EBITDA our our although putting As from we million. $X operations ratio build expenditures of requirements cash in $XXX,XXX our and did with were with for first repaid period, a the up growth, X.X million, total Capital to in We in working adjusted from primarily about nine-month during receipts. inventory down used to nine-months we XXXX. of in of debt quarter. timing the debt line maintain prior augmented the Even two is support in the under X.Xx. it capital to generated objective million credit, quarters, $X have million the XX.X to we the X.X of nine-months

expect the CapEx to million to Slide Given X.X the for Nick. back that, over we timing will if to turn now purchases, you X, will be and year. call of With the I projects about turn

Nick Grant

Orders Duncan. million XX.X overall and third were to solutions for products quarter year's remain for the Thanks demand last our over quarter XX% as up strong.

was of a and in quarter X. to to Back-end fourth ratio and defense, sciences. all front-end over the row XX% over the strong semi related up strong a market half especially carbide silicon for million. was book-to-bill markets, Orders had is orders Nearly increase security, growth. year-over-year other XX% end this life were semi, fact, last of the nearly that year-over-year achieving year demand remain across XX.X applications. our Year-over-year, in we've In

sequentially. in with were image market Security data also the gained earlier, mentioned the the secular are strengthening in I and for Demand relatively have applied. that acquisitions. are products especially broadened capture where strength particular and is defense both semiconductor the space our been benefit of the XX%, the up of of a these we and exposure industry our encouraged our we the technologies segments acquisition of from technologies. had Aerospace to As trends Defense with industries which has industries in our through new quarter we orders

fourth to production. to current in we expect beyond about XX to to we in and securing rapidly backlog growing markets As sales The XX% XXXX. longer-term quarter, million our represents quarter. over the that backlog, approximately leaves for extended XX% the as our backlog production only record expectations such of convert which carbide convert of quarter. represents our of expect Historically, capacity XX% That backlog customers our silicon about crystal the

the been solid fairly to fourth the of quarter at plan at line this executing and on Slide We've XX. point. expectations a we Let's year-end have look sight the

million. XX of million range we quarter XXXX, of expect revenue be fourth the to For in XX the to

our business million. quarter to which to $XXX,XXX to mix, XX%, to between expenses well pre-tax. expanding as be million We XX.X of expect is channels which amortization, be gross run the as expenses intangible These expected margins estimated Quarterly approximately include representative approximately asset to market. is for are expected operating our XX.X

in EPS run XX$ QX for our $X.XX diluted We quarter for per range rate effective between to to be the GAAP also of to the expect share. year. tax should the interest XX% to expense $XXX,XXX and $X.XX approximately be

anticipated non-GAAP $XXX,XXX tax between per amortization adjusted difference The asset EPS While expense approximately GAAP $X.XX of is the approximately quarter. and intangible diluted to affected to in be non-GAAP share. $X.XX is

our Our to the million. revenue fourth full-year guidance that XXX implies will of of our the land high-end million guidance for quarter year XXX original near

strategy positioned chain headwinds these and challenging execution conditions. Our changing our team's strong despite of to deliver has us supply macroeconomic results,

doubled we of XXXX Strategy, and in that Day executing size believe at we our our part is X-Point revenue expectations, have strategic Slide will what unchanged and of are on by on XX of have current a again strategic that long-term strategy this achieve an highlights make. XXXX in XXXX. can years. we views active to pipeline should and our investments are Investor supply remain guidance And Based chain March. to two our based choose note may opportunities. our have for been subject from we the by delineated company acquisitions the we the our assume we we last late Our goals I on any challenges seeing,

sheet and our we believe balance strong to plan. us a enable expanded borrowing execute have on capacity we Importantly, that will

you'll believe power XX, cash million] If [XX improve to deliver earnings expectations growth, our [ph] adjusted we to generation. us can turn XXXX, million] by earnings plus by Slide plan our of given and [XX We EBITDA approximately top to XXXX. believe we plus approximately [ph] positions drive and line for

Let me sum XX. Slide up on

I noted, delivering is X-Point Strategy As results. our have

highly or have that enable We customers effective improve create our productivity to themselves. engineered more solution solutions

us. reaching prospects is inTEST business organization the open We for throughout force has With This opportunities. the for in are even let's with our exciting questions. through discipline, our potential Strategy sales These lines sales are more segments growing certainly of process across accountability, improvements that the the we collaboration driving three operator, turn believe that, our driven company. and new times X-Point creates by company. and more greater unlocking Our

Operator

first Thank Jaeson you. Instructions] Please comes at go Street. Lake [Operator question from ahead. Schmidt Today's

Jaeson Schmidt

Hey, guys. Thanks taking questions. for my

impressive backlog composition? end backlog really start because to Is within grow? the fairly that similar your with continues mix current Just how that want to number to that market revenue

Nick Grant

Hey, morning, Jaeson, and good thanks.

delivered similar to any we in-line, and Duncan, very we know at deliver the you that's why it's QX QX. were and the in yes, of is mix QX to able in forecast you kind So, backlog look to comments? what what the,

Duncan Gilmour

some be representative front-end strong, would agree. seeing. our but been It's exceptionally components longer-term slightly actual most results. anything, there If the I what generally the you're Yes. representative semi of has space, part, which might of for

Nick Grant

change a ship And the from Yes. a again, levels now, on quarter. we joined were when the the company. booked record And we're I in quite reliance at

have level to backlog couple and looking a quarters. of great it's out visibility So, this

Jaeson Schmidt

product been of X-Point Strategy, like, customers it. got prepared you've due portfolio new to are to able remarks, be customers or the your then that Nick, from Okay, mentioned more customers sort customers engaged of you simply gaining with gain your you're given inTEST legacy the want you know that are these And broader just, prioritizing to the new in sort just acquisitions? clear,

Nick Grant

one question. a customer great a all key across businesses. base exactly of our right. of Expanding that's making is our And efforts strategies you're number we're and No,

we a to So, legacy us. have accounts mix some coming back away really shifted it's inTEST there, accounts were that that are are Jaeson, and that may penetrating then

So, technology. there, going businesses we some but see with that we're the markets new across customers, aggressively of after applications and new new also

helping that's Duncan, anything expansion you to… So, to want drive there.

Duncan Gilmour

I the also say thing across that the our nicely our segments. three maybe is, – but in new would we're seeing split nice businesses. customers across operating looking XX, I of quarter, that customers directionally all XX mean seeing new at split

Jaeson Schmidt

I'll Got back just Okay. it. then me in and And jump queue. last one the from the

dynamics I'm I some that headwinds, and down there's understand, sort there just of slight Just but just, QX make kind looking on. I want the margin, acquisition of think Can fully us most acquisition the it macro expectations the earlier dynamics shift integration. this you of sure of is from, less recognized to chain. Obviously, it's clear at out just FX gross sort your impactful? year, seemed the be more the and sort ton to Duncan, supply slight from in going mentioned you what a headwinds there? help of some to be a seems

Duncan Gilmour

that, rank Jaeson, still Yes. product I depending out. think mean, as four I in kind and is of big main order driver there's just elements, falls I'd where a mix them

lower versus anticipated mix mean mix. and is we some there talked and have distribution might much of selling we noticed channel a expenses about little what we’re actually what bit sell, just bit how through seeing customer direct, you're than of we that operating kind little our you maybe there we Secondly, a is

distribution expenses lower. side than So, through operating that The is were flip of little bit a more we sold a the bit expected.

chain although the impacts So, quarters. from a seeing about be macro bit talked prior as continuing seems item chain that much line in you're bottom perspective, and – the neutral. global to is a we're localized supply Supply moderating, the we're same more really

maybe those impact a of of least but but real where have probably most revenues enough basis we kind still impactful working are I is the of strong actually And a FX XX margin inefficiencies. the we our just So, through item. USD, those, point on then dollar. mean, small had from U.S.

Jaeson Schmidt

Appreciate a makes color. That of Okay. that guys. lot sense. Thanks

Duncan Gilmour

Thanks Jaeson.

Operator

our question Wright comes And Peter Please today next at Intro-act. you. ahead. Thank from go

Peter Wright

taking record Congratulations Great. on questions. my another quarter, guys. Thank you for

Nick Grant

Peter. Thanks

Peter Wright

couple of A questions.

think your on, of continue do versus, if year-on-year that model of that back business continue now First secular you us what the think to you helping cyclicality kind at grow get to, as we the hoping to can of could is target. you business I hit do reflect look If a plan you – can if question I'm kind so, kind this expectations such just you growth us diversified kind if understand of record taken that is, of understand backlog as And the growth, visibility, linearize of there? you’ve out guys? of kind more was guided Is is? customer it target of markets? Is ahead continual XXXX. on it kind quarter-after-quarter question, you How mix? you what drive mix in Jaeson’s to you're you your within of kind continues new new mix? this What tracking provide the product to numbers with of, Nick, of on does geographies? it Looking new help to guys Is

Nick Grant

company very in than you Yes. No, we the were we as know, great are question different past. there. a And

is on efforts markets business. and of key the bring innovation believe And we’ve with focus automotive/EV, we another is our our to really targeted silicon like our tailwinds, into strong demand security further markets comprised backlog carbide, the Medical the Chain can like Markets these acquired have that technology as area products. the of and brought like the and right Cold well the secular as that create acquisition. have that our So, we

drive we're markets these businesses that us and positions quarter-after-quarter we across that demonstrating to So, here. well growth believe are our

And really this is is do the and that's so, this business strategy go this wanted heading. off driving to it's paying believe I we is where because where the

Peter Wright

look seem not of that red It's driven So, have. when you makeup does the that of I it record kind running segments quarter is at, everything the this hot. by

growth is fair You've and opposed got your stable of some business secular that the growth, forward, driving diversity is more that are businesses a blowing still cyclical ebbing to growth takeaway? going just as more

Nick Grant

really area drive in of one on that and and will, that absolutely the our ebb the having by solid helps flows, can to and strategies. diversification It industries industries that the that no, you right for those success is growth Yeah, right we're of us drive segments in if and was being that.

is diversification the absolutely So, part of it.

Peter Wright

on other is, Great. margins. my question And gross

If impact, is, a that efforts monetizing service. update X-Point you service us help get one there? I've of The four kind the Strategies clearly. on and can very of on kind of digits, your second inflation prices kind help I then support and question high-single expectations Any of there got any your kind understand color to have how on of understand, margin given kind can And moved is a question, part there? much and going year gross this forward you us of the that

Nick Grant

the good I'll but let in-roads service there, touch So, service, some address are questions here. some let me we of on Duncan and pricing making then

but and satisfaction, capture master front that this etcetera. recognized of Obviously, will are from multi-year the customer on making revenue some the These pleased over progress there. million a we key year some we be to Listen, really better date. time on service One inventory was customers out also of those accounts. revenues businesses drive one us areas results quarter, over within with initiated of to agreements. the really And having the service closer that that, across focus to the had service $X position from challenging teams to really master driving agreements agreements

on… the Duncan, move which seeing want touch is there, needle to great. So, you

Duncan Gilmour

teams We mean, of as And pricing continues understanding you so our of may to your and assessing from at pricing connect margins inflation aggressively mix that. say, up this Sure. in I'd making the not we're keep I still versus The on. keeping are heard are leaking and closely look with Pricing, battle we terms is in driving standpoint. sure terms a up product and have there. pretty hard certainly out do

highlight I'd earlier, thing Another in primarily do USD our overseas is as we mentioned actually that, I customers. even invoice to

actually strength gives us a U.S. bit of from the that pricing from dollar. competitive kind competitive – standpoint a that's of and given of standpoint challenging a So, a the

Peter, something that's from into and a very chase as hard we that but environment out that as certainly also to still continue. in to standpoint continue we So, will and some we take foreign of pricing account there, the have a markets, it's can dynamic

Peter Wright

inventory, Any receivable? Duncan. fantastic ahead right in residing flow strong where accounts free capital last across more. generation that you, for generation. two follow-up and through is inventory color stack, cash the comfortable of places are? now cash you color. should a little Thank immediate where think you, Duncan next I kind period One us? That's those year, the How Very maybe of the on, of working Are cash

Duncan Gilmour

absolutely. No, Yes.

in generate capital to working into from in nice it capital. still invested. we've see cash did million moderated Inventory X.X was We quarter. where disproportionately QX. drive The did dollars So, in we working is investment operations

through in capital continue we I kind going moderate we said, forward to our to, expect As though investment chain even challenges. to manage continue I of would to supply grow. working continue to have

year drain expect you our positive the see saw the was has during in of as I been able cash continue we would QX, dollars working from dynamic really investment of here. what So, first reduce that which capital, on kind that cash I quarters as three main, the we're as to, in to kind operations, said, of which mentioned

Nick Grant

don't been Yes. times our but Duncan comfortable And support you issues or investing, to really we're is inventory that in Peter any on highlighted, kind are products commitment given, customers. we've the would obsolescence that that I see is we know like as that lead our it and of anything just backlog area bringing to add with we that in-house one

Duncan Gilmour

I receivable concerns either. should which the there seeing mention I on we're also collections, mean, also challenges not side, around on. you any touched any

into yes, working the but about So, has gone we okay that. capital, money feel

Peter Wright

guys. fantastic. growth That's Good Congratulations. business,

Duncan Gilmour

Thanks Peter.

Operator

comes Thank Marcin from go you. [Operator with Asset Management. Robert Instructions] Our next ahead. Please today Marcin question

Robert Marcin

gentlemen. another excellent Congratulations quarter. Hey, on

Nick Grant

Thanks, Hey. Robert.

Robert Marcin

you for set for products Peter that next or As new planning or particular any growth us our talking started year, for that geographies, more there was revenue is guys have about up organic the in businesses detail things XXXX?

Nick Grant

say, there. some And in strong is a out Great there. test, the horse silicon three talked extremely positioned areas, in growth really our areas we've growth success into there there. environmental there. in efforts carbide, our between well. question would of testing race our as inroads they're really three And and sciences our – The life Some process exposure, All electric look segments positioning this attractive front-end about electronic past seeing battery vehicle markets some technologies I the I well us kind technologies with when our nice making

to to here, to forward, substantially. right continue going but exceed expect us So, don't I see I three that the going drive for growth one, all now. do others I'm as

Robert Marcin

grow Okay. The are Wolfspeed What to even hard, major having is carbide you silicon know pushing say and build-out Thank the capacity. problems. really really capacity inning some are semiconductor hard you. would people in? IDMs I is pushing

first this So, nor the Do you or in is the – fourth think it's or second inning there's simple not in inning? easy.

Nick Grant

Yes.

early but environments customers, hearing very out preferred there, is is a crystals there, technology our why our from what question. controlled these required is grow Another very not great which from we're silicon out carbide easy. right. you're to And this It's It's here. innings being

the the Some end were talking through about expansions demand capacity of drive continuing decade. to

early it we're So, innings sure. for feels the yes, in like

Robert Marcin

you. Thank All right.

Nick Grant

Absolutely.

Operator

at go our question Weaver comes Capital. Please next from gentlemen, ahead. And Gregory Invicta and ladies

Gregory Weaver

gentlemen. morning, Hey, good

in distribution Just on heavier you products mix the are channel referenced, typically the channel? what Duncan

Duncan Gilmour

Yes.

back-end out of the So, Environmental some lines are grow in some heavily course Sciences very towards particular, products, coming skewed to one kind are distribution. a the expect our stream the of of our the which few products, those segment, of of Again, thermal of the acquisitions, semi new business, I are the Test product North kind over mean, there. that's primary… I new those of kind we distribution, next heavy, of quarters. which Also, think

Nick Grant

image I capture also we've an area adding cameras is would and those add out market as that and video our been more solutions developing that there to go for through well. distribution

those yes, families, So, the primary that are distribution. product will, the three are you through if going

Gregory Weaver

Got you.

some on inventory there the And couple had at end volatility thanks. is customers, just a it's some here, of backed pretty color prior or strong auto/EV quarters or…? on you the your off Okay, it of any and growth kind segment,

Nick Grant

expansion, lot side No, a Yes. running the the that relies it's get it. exactly external – which up that. on more line’s yes, and of on their got of of to of equipment – They've pieces

So, your strong. comments it's – more timing. is business, our a spot lumpy remains there on. And just It activity a but of of lumpy a kind is

Gregory Weaver

last of here. the is, silicon good you. And more see Got carbide again, talk to here one

growth the little the you're concerned us about? on booking XXXX out that that you concerned point a about supply carbide, And customers capacity especially at or limitation there is end? your they're silicon inferred give on You color? Are any could for this maybe into

Nick Grant

time secure we're long-lead what want they the seeing so, More items. is to

going for components six products that. flipped these into and electronic in months of things have solutions that Some our out other are

those inventory. seeing placing the So, to them and ensure that we things in we're to pipeline get that orders commit

Gregory Weaver

give is telling that inbound listen, visibility you that stuff? so to or more this hey, you them, want you you better to if Okay. then me buy Is – me

Nick Grant

They're are it's support telling we're material joint flowing made. pipeline sure on say, combination. that what and discussion their we've being about a need them I'd talking that make us this got it's to to to decisions a and we and them plans

Gregory Weaver

diversity reorder terms of there, of business such? on activity and kind terms generic color pulling the of the kind in number in now and any are of customers And maybe that the and of

Nick Grant

three at benefit this in of the Yes, believe stages early investment or the least that the and is that. new I two we'll and continue continues part expand more last space. last so And we customers market to quarters to that quarter in from in added in yes, its the

Gregory Weaver

Good Great. Thanks. quarter.

Nick Grant

Thanks a lot, Greg.

Operator

concludes question-and-answer back our closing session. remarks. the gentlemen, and ladies to I'd turn to like over Grant conference Nick this And for

Nick Grant

In Thank dedication that making deliver X-Point the entire this and half expectations. our I'm team exceed It is grateful with and us to resiliency you, [indiscernible]. to strong excellent summary, we're of persistence progress their Strategy for the customer execution inTEST to our enabled first results.

should I say nine months results. First,

you Ideas taking You time you We join your today CEO that to and on inTEST. on XX XX the we'll November all really us be of the call Southwest appreciate New Slide presenting can in our you note on safe. there. at at York Summit some XX. interest all in the and Conference stay on December and Thank Perhaps see we'll

Operator

for concludes call. today's and conference We Ladies all this you. attending Thank gentlemen, today's you presentation. thank

now have wonderful your disconnect lines a may You day. and

inTEST (INTT) 4 Nov 222022 Q3 Earnings call transcript