inTEST First Quarter 2022 Revenue Up 23% Year-over-Year and Up 8% Sequentially, Demonstrating Solid Execution of 5-Point Strategy

Reconciliation of Net Earnings (GAAP) to Adjusted EBITDA (Non-GAAP) and
Adjusted EBITDA Margin (Non-GAAP):

 

Three Months Ended

 

 

3/31/2022

 

3/31/2021

 

12/31/2021

 

 

 

 

 

 

 

 

Net earnings (GAAP)

$

577

 

 

$

2,212

 

 

$

287

 

 

Acquired intangible amortization

 

782

 

 

 

304

 

 

 

522

 

 

Interest expense

 

137

 

 

 

-

 

 

 

83

 

 

Income tax expense

 

78

 

 

 

366

 

 

 

(51

)

 

Depreciation

 

188

 

 

 

156

 

 

 

171

 

 

Non-cash stock-based compensation

 

372

 

 

 

269

 

 

 

356

 

 

Adjusted EBITDA (Non-GAAP)

$

2,134

 

 

$

3,307

 

 

$

1,368

 

 

 

 

 

 

 

 

 

Revenue

 

24,081

 

 

 

19,556

 

 

 

22,358

 

 

Adjusted EBITDA margin (Non-GAAP)

 

8.9

%

 

 

16.9

%

 

 

6.1

%

 


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