Filing Flows › Intest (INTT) › Q1 2025
Intest (INTT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Intest (INTT) reported revenue of $26.6M for the first quarter 2025 (Q1 2025), -11% from a year earlier and -27% from the quarter before. Operating margin was -10.8%, net loss $2.3M (8.7% of revenue).
Intest, Q1 2025: revenue $26.6M (-11% year over year), operating margin -10.8%, net loss $2.3M, operating cash flow $5.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.6M | -27% | -11% |
| Operating profit | −$2.9M | — | — |
| Net earnings | −$2.3M | — | — |
| Operating cash flow | $5.5M | +114% | +167% |
| Free cash flow | $5.3M | +119% | +206% |
What changed
Revenue was $26.6M in Q1 2025, down 11% year over year and down 27% from the previous quarter. Thermal process was the largest line at 20% of revenue. Thermal process lost $5.7M year over year (down 52%), 178% of the total change.
Gross margin was 41.5%, down 2.3 points from a year earlier. Operating costs exceeded revenue by $2.9M, an operating margin of -10.8%. Operating expenses grew 11% against a revenue fall of 11%. The fastest-growing cost line was Other operating costs (+89%). The quarter ended with a net loss of $2.3M, after a profit of $1.5M the previous quarter.
Operating cash flow was $5.5M (up 167% year over year). Non-cash charges added back $1.7M of depreciation and amortization and $423K of share-based compensation. Working capital and other items added $5.7M. Capital expenditures of $229K left free cash flow of $5.3M.
Questions
What was Intest's revenue in the first quarter 2025?
Intest (INTT) reported revenue of $26.6M for the first quarter 2025 (Q1 2025), -11% from a year earlier and -27% from the quarter before.
Was Intest profitable in the first quarter 2025?
Operating loss was $2.9M (-10.8% of revenue) and net loss $2.3M.
Source: Intest 10-Q on SEC EDGAR.