| inTest Corporation | |||
| Ticker: | INTT | 2 Pin Oak Lane | |
| Exchange: | NASDAQ-National Market | Cherry Hill, NJ 08003 | |
| Industry: | Manufacturing (SIC Code 3999) | (609) 424-6886 | |
| Type of Shares: | Common Shares | Filing Date: | 5/2/97 | |
| U.S. Shares: | 2,275,000 | Offer Date: | 6/17/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.50 - $10.50 | |
| Primary Shares: | 1,820,000 | Offer Price: | $7.50 | |
| Secondary Shares: | 455,000 | Gross Spread: | $0.56 | |
| Offering Amount: | $21,612,500 | Selling: | $0.30 | |
| Expenses: | $655,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,911,034 |
| Manager | Tier | Phone |
| Janney Montgomery Scott | Lead Manager | (215) 665-6520 |
| Needham & Company | Co-manager | (212) 705-0344 |
| Issuer's Law Firm: | Saul, Ewing, Remick & Saul |
| Bank's Law Firm: | Pepper Hamilton & Scheetz |
| Auditor: | KPMG Peat Marwick |
| Registrar/Transfer Agent: | First National Bank of Boston |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $18.58 | $3.89 | $6.09 | Assets: | $7.49 |
| Net Income: | $3.37 | $0.54 | $2.26 | Curr Assets: | |
| EPS: | $0.82 | $0.13 | Liabilities: | $3.34 | |
| Prior EPS: | $0.33 | $1.85 | Curr Liabilities: | ||
| Cash Flow/Oper: | $5.47 | Equity: | $4.15 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a leading independent deisgner, manufacturer and marketer of docking hardware and test head manipulators, which are used with automatic test equipment by semiconductor manufactureres during the testing of wafers and packaged devices. The company also designs and markets related ATE interface products including high performance test sockets, interface boards and probing assemblies. The company's products are designed to improve the utilization and cost-effectiveness of ATE (including testers, wafer probers and device handlers) during the testing of linear, digital and mixed signal integrated circuits. The increasing worldwide demand for semiconductors in recent years has led to an increase in the demand for ATE. The increasing complexity of wafers and packaged devices, as manifested by larger wafers, higher speeds, growing pin counts, smaller packaged devices and greater levels of integration has changed the design, architecture and complexity of ATE used during the testing of such devices and has resulted in an increased demand for the company's products. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital, general corporate purposes and possible acquisitions. |