inTEST Reports 2019 Fourth Quarter and Year End Financial Results
Reconciliation of Net Earnings (Loss) (GAAP) to EBITDA (Non-GAAP) and Adjusted EBITDA (Non-GAAP):
| |
Three Months Ended | |
Years Ended |
| |
12/31/2019 |
|
12/31/2018 |
|
9/30/2019 |
|
12/31/2019 |
|
12/31/2018 |
| | | | | | | | | | |
| Net earnings (loss) (GAAP) | $ | 724 | | | $ | (792 | ) | | $ | 647 | | $ | 2,322 | | $ | 3,037 |
| Acquired intangible amortization | | 313 | | | | 317 | | | | 312 | | | 1,257 | | | 1,103 |
| Interest expense | | - | | | | - | | | | - | | | - | | | 1 |
| Income tax expense (benefit) | | (76 | ) | | | 295 | | | | 147 | | | 282 | | | 2,006 |
| Depreciation | | 150 | | | | 184 | | | | 170 | | | 685 | | | 768 |
| EBITDA (Non-GAAP) | | 1,111 | | | | 4 | | | | 1,276 | | | 4,546 | | | 6,915 |
| Contingent consideration liability adjustment | | - | | | | 2,828 | | | | - | | | - | | | 6,901 |
| Adjusted EBITDA (Non-GAAP) | $ | 1,111 | | | $ | 2,832 | | | $ | 1,276 | | $ | 4,546 | | $ | 13,816 |
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