inTEST (INTT) - 2024 Q1 - Quarterly Results

Exhibit 99.1 NEWS RELEASE Nick Grant, President and CEO, commented, "Our first quarter results continue to reflect the tempered semiconductor market conditions we saw exiting 2023. While down year-over-year, sequentially sales were up although margins were impacted by the timing of the acquisition, the mix in sales, and higher professional fees. On the order front and outlook, we saw a sudden shift in order trends as a number of opportunities which we had expected late in the quarter were either delayed or ...