INTT on NYSE

INTEST CORP

American Instruments For Meas and Testing of Electricity and Elec Signals company2

In its 2026 annual report the company says: “We are a global supplier of innovative test and process technology solutions for use in manufacturing and testing across a wide range of markets including Semi, Auto/EV, Defense/Aerospace, Industrial, Life Sciences, Safety/Security and Other. We operate our business worldwide, sell our products both domestically and internationally and manufacture our products in the U.S., Canada, Italy and began limited manufacturing in Malaysia in the fourth quarter of 2025.”5 It is headquartered in Mount Laurel, United States.2 Its shares trade on NYSE under the symbol INTT.2

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Last updated Oct 21, 2026.

Overview

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  • TickerINTT on NYSE2
  • IndustryInstruments For Meas & Testing of Electricity & Elec Signals2
  • HeadquartersMount Laurel, United States2
  • Incorporated inDE3
  • Business address804 East Gate Dr., Suite 200, Mt. Laurel, Nj 080543
  • Filer categoryAccelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300RJJBPHDOAVDU152
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O ATA CORPORATE SERVICES, LLC, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 27263082

InTest Corporation, headquartered in Mount Laurel, New Jersey, was incorporated in New Jersey in 1981 and reincorporated in Delaware in April 1997. We completed our initial public offering in June 1997 and currently trade on the NYSE American stock exchange under the symbol “ INTT .” The consolidated entity is comprised of InTest Corporation and our wholly owned subsidiaries which comprise our six businesses: Electro Mechanical Semiconductor (“ EMS ”), Acculogic, Alfamation ™ , InTest Thermal Solutions (“ ITS ”), Ambrell ® and Videology ® .5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

43.0%Gross margin6
-3.3%Operating margin6
-2.2%Net margin6
-12.9%Revenue growth, 20256
-2.4%Return on equity6
0.01×Debt to equity6
$5.7MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Thermal Process brought in 19% of the revenue INTEST CORP broke down this way in fiscal 2025.

  1. Thermal Process$21.5M619%down 36% from 2024
  2. Thermal Testing Products$20.4M618%up 15% from 2024
  3. Alfamation$19.9M617%down 15% from 2024
  4. Semiconductor Production Test Products$18.8M617%down 22% from 2024
  5. Service and Other Products$17.1M615%up 17% from 2024
  6. Video Imaging$8.1M67%up 6% from 2024
  7. Flying Probe and In-circuit Testers$8.0M67%down 14% from 2024
Products and services by year
Products and services20242025
Thermal Process$33.8M$21.5M
Thermal Testing Products$17.8M$20.4M
Alfamation$23.4M$19.9M
Semiconductor Production Test Products$24.1M$18.8M
Service and Other Products$14.6M$17.1M
Video Imaging$7.6M$8.1M
Flying Probe and In-circuit Testers$9.3M$8.0M

Business segments

Electronic Test brought in 49% of the revenue INTEST CORP broke down this way in fiscal 2025.

  1. Electronic Test$56.2M649%down 12% from 2024
  2. Environmental Technologies$29.3M626%up 1% from 2024
  3. Process Technologies$28.3M625%down 25% from 2024
Business segments by year
Business segments20242025
Electronic Test$63.9M$56.2M
Environmental Technologies$28.9M$29.3M
Process Technologies$37.9M$28.3M

Regions

Outside the United States brought in 57% of the revenue INTEST CORP broke down this way in fiscal 2025.

  1. Outside the United States$64.7M657%down 20% from 2024
  2. United States$49.1M643%down 1% from 2024
Regions by year
Regions20242025
Outside the United States$80.9M$64.7M
United States$49.8M$49.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue57¢$64.9M
  • Research and development8¢$9.4M
  • Other costs34¢$38.8M
  • Income tax1¢$695.0K

Out of $113.8M in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending22¢$1.6M
  • Kept or used elsewhere78¢$5.7M

Out of $7.3M of cash from operations.6

Financial statements

Revenue78910116$113.8M in 2025+88% since 2019
0$50.0M$100.0M$150.0M2019: $60.7M$60.7M20192020: $53.8M$53.8M2020−11%2021: $84.9M$84.9M2021+58%2022: $116.8M$116.8M2022+38%2023: $123.3M$123.3M2023+6%2024: $130.7M$130.7M2024+6%2025: $113.8M$113.8M2025−13%
Gross profit78910116$48.9M in 2025+67% since 2019
0$20.0M$40.0M$60.0M2019: $29.2M$29.2M20192020: $24.1M$24.1M2020−18%2021: $41.2M$41.2M2021+71%2022: $53.4M$53.4M2022+30%2023: $57.0M$57.0M2023+7%2024: $55.4M$55.4M2024−3%2025: $48.9M$48.9M2025−12%
Operating income78910116-$3.7M in 2025
-$5.0M0$5.0M$10.0M$15.0M2019: $2.5M$2.5M20192020: -$1.2M-$1.2M20202021: $8.5M$8.5M20212022: $10.7M$10.7M2022+27%2023: $10.4M$10.4M2023−3%2024: $3.4M$3.4M2024−67%2025: -$3.7M-$3.7M2025
Net income78910116-$2.5M in 2025
-$5.0M0$5.0M$10.0M2019: $2.3M$2.3M20192020: -$895.0K-$895.0K20202021: $7.3M$7.3M20212022: $8.5M$8.5M2022+16%2023: $9.3M$9.3M2023+10%2024: $2.9M$2.9M2024−69%2025: -$2.5M-$2.5M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Revenue$113.8M$130.7M
Cost of revenue$64.9M$75.3M
Gross profit$48.9M$55.4M
Selling expense$16.8M$17.4M
Engineering and product development expense$9.4M$8.5M
General and administrative expense$22.2M$23.6M
Amortization of acquired intangible assets$3.3M$2.5M
Charges$850.0K$0
Total operating expenses$52.6M$52.0M
Operating (loss) income-$3.7M$3.4M
Interest expense-$450.0K-$846.0K
Other income$953.0K$906.0K
(Loss) earnings before income tax (benefit) expense-$3.2M$3.5M
Income tax (benefit) expense-$695.0K$563.0K
Net (loss) earnings-$2.5M$2.9M
Basic (in USD per share)-$0.21$0.24
Diluted (in USD per share)-$0.21$0.24
Basic (in shares)12.2M shares12.2M shares
Diluted (in shares)12.2M shares12.2M shares

Compare INTEST CORP with another company

Corporate structure

INTEST CORP sits at the top of its group. 12 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of INTEST CORP

  • INTEST CORP Mount Laurel, New Jersey, United States
    • Acculogic GmbH Subsidiary · Germany
    • Alfamation S.p.A. Subsidiary · Italy
    • Ambrell B.V. Subsidiary · Netherlands
    • InTest EMS LLC (a) Subsidiary · Delaware, United States
    • InTest Italy Subsidiary · Delaware, United States
    • InTest SE Asia Sdn Bhd Subsidiary · Malaysia
    • InTest Silicon Valley Corporation (a) Subsidiary · Delaware, United States
    • InTest Thermal Solutions GmbH Subsidiary · Germany
    • Suzhou Alfa Testing Equipment Co. Ltd. Subsidiary · China
    • Temptronic Corporation (b) Subsidiary · Delaware, United States
    • Videology Imaging Corporation Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What INTEST CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$9.2M11 Dec 31, 2024$7.1M11 Dec 31, 2023+28.7%
Leasehold improvements$4.1M11 Dec 31, 2024$3.6M11 Dec 31, 2023+14.6%
Property and equipment, before depreciation$14.9M6 Dec 31, 2025$13.3M6 Dec 31, 2024+11.8%
Accumulated depreciation$10.1M6 Dec 31, 2025$8.8M6 Dec 31, 2024+14.2%
Property and equipment, net$4.8M6 Dec 31, 2025$4.5M6 Dec 31, 2024+7.2%
Operating-lease assets (leased space)$9.1M6 Dec 31, 2025$10.8M6 Dec 31, 2024−15.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$14.2M6 Dec 31, 2025$19.8M6 Dec 31, 2024−28.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$32.4M6 Dec 31, 2025$30.7M6 Dec 31, 2024+5.3%
Intangible assets, net (excluding goodwill)$24.9M6 Dec 31, 2025$26.4M6 Dec 31, 2024−5.7%
Indefinite-lived intangibles (excluding goodwill)$10.5M6 Dec 31, 2025$10.2M6 Dec 31, 2024+3.2%
Finite-lived intangibles, gross$32.5M6 Dec 31, 2025$31.2M6 Dec 31, 2024+4.1%
Accumulated amortization$18.1M6 Dec 31, 2025$15.0M6 Dec 31, 2024+20.8%
Finite-lived intangibles, net$14.4M6 Dec 31, 2025$16.2M6 Dec 31, 2024−11.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$31.6M6 Dec 31, 2025$26.8M6 Dec 31, 2024+17.7%
Raw materials$16.4M6 Dec 31, 2025$16.1M6 Dec 31, 2024+1.9%
Work in process$9.4M6 Dec 31, 2025$5.9M6 Dec 31, 2024+58.2%
Finished goods$5.5M6 Dec 31, 2025$4.5M6 Dec 31, 2024+22.5%

Properties, in its own words

As of December 31, 2025, we leased 13 facilities worldwide. The following chart provides information regarding each of our principal leased facilities as of December 31, 2025:

Location · LeaseExpiration · Approx.SquareFootage · Principal Uses

The rest of Item 2

Rochester, NY · April 2028 · 79,150 · Process Technologies segment operations (principal facility for Ambrell®)

Mansfield, MA · February 2032 · 58,800 · Environmental Technologies segment operations (principal facility for ITS), Process Technologies segment operations (principal facility for Videology®)

Milan, Italy · February 2030 · 51,871 · Electronic Test segment operations (principal facility for Alfamation™)

Mt. Laurel, NJ · April 2031 · 33,650 · Corporate headquarters and Electronic Test segment operations

Penang, Malaysia · June 2027 · 25,000 · Applications engineering, product development and localized manufacturing for nearly all InTest brands

Markham, Ontario, Canada · February 2028 · 16,437 · Electronic Test segment operations (principal facility for Acculogic Inc.)

All of our facilities have space to accommodate our needs for the foreseeable future.

Item 2 of the 10-K filed Mar 12, 2026.5

Leadership

Who has led INTEST CORP, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (21)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Acculogic GmbH Germany4
  • Acculogic Inc. Ontario4
  • Acculogic Ltd Delaware4
  • Alfamation S.p.A. Italy4
  • Ambrell B.V. Netherlands4
  • Ambrell Corporation Delaware4
  • InTest EMS LLC (a) Delaware4
  • InTest Italy Delaware4
  • InTest PTE, Ltd. Singapore4
  • InTest SE Asia Sdn Bhd Malaysia4
  • InTest Silicon Valley Corporation (a) Delaware4
  • InTest Thermal Solutions GmbH Germany4
  • Suzhou Alfa Testing Equipment Co. Ltd. China4
  • Temptronic Corporation (b) Delaware4
  • Videology Imaging Corporation Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 5, 20268-K Results of operations42
  2. Aug 17, 20268-K Entered a material agreement; New debt or obligation43
  3. Aug 10, 20268-K Results of operations44
  4. Jul 31, 20268-K Results of operations; Regulation FD disclosure45
  5. Jun 18, 20268-K Shareholder vote46
  6. May 5, 20268-K Entered a material agreement; Results of operations; New debt or obligation47
  7. Apr 10, 20268-K Executive or director change48
  8. Apr 2, 2026New chief executive Richard B. Rogoff becomes CEO15
  9. Apr 2, 20268-K Executive or director change; Other events49
  10. Mar 6, 20268-K Executive or director change50
  11. Feb 27, 20268-K Results of operations51
  12. Nov 5, 20258-K Results of operations52
  13. Aug 6, 20258-K Results of operations53
  14. Aug 24, 2020New chief executive Richard N. Grant Jr. becomes CEO16
  15. Mar 14, 2018New chief executive James Pelrin becomes CEO17
  16. Nov 28, 2006New chief executive Robert E. Matthiessen becomes CEO18
  17. Mar 21, 1997Founded INTEST CORP is founded2

Calendar

Coming up

  1. Nov 6, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported ($0.02) a share, on Nov 5, 2025.54

When it reported results

  1. Oct 5, 2026Reported quarterly or annual results42
  2. Aug 10, 2026Reported quarterly or annual results44
  3. Jul 31, 2026Reported quarterly or annual results45
  4. May 5, 2026Reported quarterly or annual results47
  5. Feb 27, 2026Reported quarterly or annual results51
  6. Nov 5, 2025Reported quarterly or annual results52
  7. Aug 6, 2025Reported quarterly or annual results53
  8. May 2, 2025Reported quarterly or annual results55

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

249 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 60 major events, 97 insider forms, 31 large holders, 40 other. The latest 20:

  1. Oct 13, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  2. Oct 5, 20268-K EDGAR
  3. Oct 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  4. Sep 2, 2026S-8 EDGAR
  5. Aug 17, 20268-K EDGAR
  6. Aug 10, 202610-Q EDGAR
  7. Aug 10, 20268-K EDGAR
  8. Aug 7, 2026SCHEDULE 13G/A EDGAR
  9. Jul 31, 2026SCHEDULE 13G/A EDGAR
  10. Jul 31, 20268-K EDGAR
  11. Jul 28, 2026SCHEDULE 13G EDGAR
  12. Jul 10, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  13. Jul 1, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  14. Jun 22, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  15. Jun 22, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  16. Jun 18, 20268-K EDGAR
  17. Jun 18, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  18. May 28, 2026SD EDGAR
  19. May 11, 202610-Q EDGAR
  20. May 5, 20268-K EDGAR

The 249 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

19 open-market trades by officers, directors and large owners since October 2021: 6 buys and 13 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 18, 2026Grant Richard N. Jr.President & CEOSale1,636$14.28$23.4KForm 4
Mar 11, 2026Grant Richard N. Jr.President & CEOSale1,397$14.16$19.8KForm 4
Mar 9, 2026Grant Richard N. Jr.President & CEOSale1,097$13.33$14.6KForm 4
Nov 19, 2025Maginnis Gerald J.DirectorBuy6,000$7.44$44.6KForm 4
May 12, 2025DEWS JOSEPH W IVDirectorBuy4,000$5.86$23.4KForm 4
May 6, 2025Maginnis Gerald J.DirectorBuy7,557$5.78$43.7KForm 4
Mar 11, 2025Grant Richard N. Jr.President & CEOSale1,184$7.57$9.0KForm 4
Mar 10, 2025Grant Richard N. Jr.President & CEOSale2,688$7.48$20.1KForm 4
Aug 27, 2024Grant Richard N. Jr.President & CEOSale6,788$6.97$47.3KForm 4
Aug 14, 2024DEWS JOSEPH W IVDirectorBuy10,900$6.80$74.1KForm 4
Aug 13, 2024Maginnis Gerald J.DirectorBuy1,750$6.42$11.2KForm 4
Apr 11, 2024Grant Richard N. Jr.President & CEOSale21,500$12.03$258.6KForm 4
Apr 10, 2024Grant Richard N. Jr.President & CEOSale22,000$12.03$264.7KForm 4
Apr 9, 2024Grant Richard N. Jr.President & CEOSale20,000$12.80$256.0KForm 4
Jun 12, 2023DEWS JOSEPH W IVDirectorSale11,250$26.23$295.1KForm 4
May 15, 2023Nolen Scott EricDivision Pres-Process TechSale7,597$21.14$160.6KForm 4
Aug 24, 2022Grant Richard N. Jr.President & CEOSale4,153$9.26$38.5KForm 4
May 9, 2022DEWS JOSEPH W IVDirectorBuy9,235$6.79$62.7KForm 4
Mar 10, 2022Grant Richard N. Jr.President & CEOSale1,167$9.50$11.1KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Richard N. GrantJr.$428.9K$1.1M67
2025Duncan Gilmour53$282.5K$610.7K67
2025Joseph McManus52$284.5K$444.1K67
2024President and Chief Executive Officer$425.0K$1.1M67
2024Chief Financial OfficerTreasurer and Secretary$280.5K$581.2K67
2024Division PresidentElectronic Test$281.5K$517.2K67

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 90. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Royce & Associates LP1,349,896$24.5M0.2%−82,000
First Eagle Investment Management, LLC1,225,204$22.3M0.0%+801,102
BlackRock, Inc.936,047$17.0M0.0%+662,100
Vanguard Capital Management LLC510,105$9.3M0.0%−95,421
Renaissance Technologies LLC502,237$9.1M0.0%+52,028
Dimensional Fund Advisors LP440,213$8.0M0.0%−26,184
Two Sigma Investments, LP285,517$5.2M0.0%+248,087
Geode Capital Management, LLC282,935$5.1M0.0%+154,495
Pacific Ridge Capital Partners, LLC248,275$4.5M0.8%−254,024
Bard Associates Inc210,598$3.8M0.8%−988
Vanguard Portfolio Management LLC193,534$3.5M0.0%+100,142
Citadel Advisors LLC142,135$2.6M0.0%+86,092
State Street Corp136,348$2.5M0.0%+75,738
Globeflex Capital L P122,730$2.2M0.3%+4,158
O'shaughnessy Asset Management, LLC103,360$1.9M0.0%+22,360
Northern Trust Corp97,571$1.8M0.0%+59,373
Vanguard Fiduciary Trust Co86,204$1.6M0.0%+14,041
Panagora Asset Management Inc77,876$1.4M0.0%New
Ritholtz Wealth Management77,793$1.4M0.0%+1,737
Bank of New York Mellon Corp77,265$1.4M0.0%+23,039
Informed Momentum Co LLC68,505$1.2M0.1%−2,819
Morgan Stanley66,921$1.2M0.0%+18,696
Occudo Quantitative Strategies LP58,463$1.1M0.1%+28,619
Connor, Clark & Lunn Investment Management Ltd.52,051$945.8K0.0%New
Bridge City Capital, LLC51,160$929.6K0.2%−4,908

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How INTEST CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARINTEST CORP1
  • CIK0001036262
  • Employer ID (EIN)22-23706595
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)3825 Instruments For Meas & Testing of Electricity & Elec Signals1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address804 East Gate Dr., Suite 200, Mt. Laurel, NJ 080541
  • Phone856-505-88001
  • Shares outstanding12,564,657 as of Apr 30, 202614
  • Public float$85.4M as of Jun 30, 20255
  • AuditorRSM US LLP, Blue Bell, Pennsylvania PCAOB ID 49; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceMay 2, 19971
  • Filings1,088 in all: 4 (317), 8-K (266), SC 13G/A (102), 10-Q (88), 5 (36), SC 13G (30), 10-K (29), DEF 14A (29)1
    All 43 form types

    3 (27), SC 13D/A (16), 8-K/A (14), S-8 (13), SD (13), ARS (12), SCHEDULE 13G/A (9), 10-K/A (8), 144 (8), DEFA14A (7), SC 13D (7), S-3 (6), EFFECT (5), CORRESP (4), S-3/A (4), S-8 POS (4), UPLOAD (4), 10-Q/A (3), 4/A (3), DEFR14A (3), S-1/A (3), SCHEDULE 13G (3), CERTNYS (2), NT 10-K (2), 25 (1), 3/A (1), 424B1 (1), 424B5 (1), 8-A12B (1), 8-A12G (1), 8-A12G/A (1), NT 10-Q (1), RW (1), S-1 (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Mar 12, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Apr 28, 2026
    Latest 8-K (8-K) Oct 5, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareINTTNYSE American

From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks INTEST CORP names in Item 1A of its 10-K filed Mar 12, 2026: 30 risks under these headings, as written.5

  • RISKS RELATED TO OUR ACQUISITION AND GROWTH STRATEGY
  • We seek to grow our business through the acquisition of additional businesses. If we are unable to do so, our future rate of growth may be reduced or limited. We may incur significant expenses related to due diligence or other transaction-related expenses for a proposed acquisition that may not be completed.
  • Our acquisition strategy involves financial and management risks which may adversely affect our results in the future.
  • We may attempt to acquire a business that would require us to issue equity or incur significant debt from third parties. If we are unable to secure sufficient financing at terms that are acceptable to us, we may not be able to close the proposed acquisition. Additionally, should we incur significant debt, we may not be able to achieve compliance with all covenants related to the debt depending on our financial results in future periods.
  • We may acquire businesses in the future and utilize an earnout structure as we have done in prior transactions we have closed. In connection with the earnout, we may be required to accrue significant increases or decreases to the contingent consideration liability we would establish. These adjustments to the contingent consideration liability could cause our results of operations to have increased variability, which may negatively impact our stock’s trading price.
  • We may not be able to effectively manage our growth and operations, which could materially and adversely affect our business.
  • We may fail to effectively integrate acquired businesses into our operations or otherwise fail to realize the anticipated benefits of the acquisitions.
  • RISKS RELATED TO OUR MARKETS
  • Our sales are affected by the cyclicality of the Semi market, which causes our operating results to fluctuate significantly.
  • We seek to further diversify the markets for our products in order to increase the proportion of our sales attributable to markets which are less subject to cyclicality than the Semi market. If we are unable to do so, our future performance will remain substantially exposed to the fluctuations of the cyclicality of the Semi market.
  • RISKS RELATED TO OUR BUSINESS OPERATIONS
  • If our suppliers do not meet product or delivery requirements, or inflationary pressures continue to increase and we cannot increase our prices to our customers, we could have reduced revenues and earnings.
The other 21 risks
  • A breach of our operational or security systems could negatively affect our business, our reputation and results of operations.
  • Risks related to artificial intelligence technologies, including generative AI, could adversely affect our products, operations, intellectual property, and reputation.
  • We are subject to significant environmental, health and safety laws and regulations and related compliance expenditures and liabilities.
  • If material weaknesses in our internal control over financial reporting are identified in the future, we may not be able to report our financial results accurately, prevent fraud or file our periodic reports in a timely manner, which may adversely affect investor confidence in our Company and, as a result, the value of our common stock.
  • Our business may suffer if we are unable to attract and retain key employees or hire personnel at the costs we currently project.
  • We have experienced and may continue to experience significant variability in our effective tax rates and may have exposure to additional tax liabilities and costs.
  • The terms and covenants relating to our credit facility could adversely impact our ability to pursue our strategy and our financial performance and liquidity, and thus we may need additional financial resources to maintain our liquidity.
  • We hold our cash and cash equivalents that we use to meet our working capital needs in deposit accounts that could be adversely affected if the financial institutions holding such funds fail.
  • We face risks associated with doing business in China.
  • We face political and other risks conducting business in Taiwan particularly due to their tense relationships with China.
  • U.S. tariff policies and potential global retaliatory countermeasures could increase our cost, disrupt our supply chain or affect customer purchasing activities, any of which could negatively impact our results of operations.
  • RISKS RELATED TO OUR CUSTOMER BASE
  • Changes in the buying patterns of our customers have affected, and may continue to affect, demand for our products and our gross and net operating margins. Such changes in patterns are difficult to predict and may not be immediately apparent.
  • We generate a large portion of our sales from a small number of customers. If we were to lose one or more of our large customers, our operating results could be materially and adversely affected.
  • RISKS RELATED TO COMPETITION
  • Our markets are subject to rapid technological change, and our business prospects would be negatively affected if we are unable to quickly and effectively respond to innovation in the Semi market or other markets that we serve.
  • RISKS RELATED TO FOREIGN OPERATIONS
  • The continuing conflict in the Ukraine could disrupt our supply chain or cause other adverse effects on our revenue and earnings.
  • We have a sole source supplier of components in Israel and the continuing conflicts in the Middle East could disrupt our supply chain or cause other adverse effects on our revenue and earnings.
  • A substantial portion of our customers are located outside the U.S., which exposes us to foreign political and economic risks.
  • A significant portion of our cash position is maintained overseas and we may not be able to repatriate cash from overseas when necessary, which could have an adverse effect on our financial condition.
  • RISKS RELATED TO INTELLECTUAL PROPERTY
  • Claims of intellectual property infringement by or against us could seriously harm our businesses.
  • If we are unable to protect our intellectual property, we may lose a valuable asset or may incur costly litigation to protect our rights.
  • RISKS RELATED TO OUR OPERATING RESULTS AND STOCK PRICE
  • Our operating results often change significantly from quarter to quarter and may cause fluctuations in our stock price.

Legal proceedings

From time to time we may be a party to legal proceedings occurring in the ordinary course of business. We are not currently involved in any material legal proceedings.

The opening of Item 3, Legal Proceedings.5

Sources

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