inTEST Reports 2018 Third Quarter Financial Results
Reconciliation of GAAP Net Earnings to Non-GAAP Adjusted EBITDA:
| |
Three Months Ended |
|
Nine Months Ended |
| |
9/30/2018 |
|
9/30/2017 |
|
6/30/2018 |
|
9/30/2018 |
|
9/30/2017 |
| |
|
|
|
|
|
|
|
|
|
| Net earnings (loss) (GAAP) |
$ |
(566 |
) |
|
$ |
2,018 |
|
|
$ |
4,014 |
|
|
$ |
3,829 |
|
$ |
5,541 |
|
| Acquired intangible amortization |
|
323 |
|
|
|
613 |
|
|
|
247 |
|
|
|
786 |
|
|
916 |
|
| Interest expense |
|
1 |
|
|
|
- |
|
|
|
- |
|
|
|
1 |
|
|
- |
|
| Income tax expense |
|
728 |
|
|
|
823 |
|
|
|
382 |
|
|
|
1,711 |
|
|
2,808 |
|
| Depreciation |
|
207 |
|
|
|
180 |
|
|
|
188 |
|
|
|
584 |
|
|
401 |
|
| Contingent consideration liability adjustment |
|
3,057 |
|
|
|
(549 |
) |
|
|
(710 |
) |
|
|
4,073 |
|
|
(549 |
) |
| Adjusted EBITDA (Non-GAAP) |
$ |
3,750 |
|
|
$ |
3,085 |
|
|
$ |
4,121 |
|
|
$ |
10,984 |
|
$ |
9,117 |
|
| |
|
|
|
|
|
|
|
|
|
