INTT — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-10

• •our ability to effectively remediate the material weaknesses in our internal control over financial reporting that we have identified or our failure to develop and maintain a proper and effective system of disclosure controls and internal control over financial reporting;

• In connection with the preparation of this Report’s financial statements, we identified errors in our previously issued financial statements. We evaluated the impact of the errors and concluded they were not material, individually or in the aggregate, to any previously issued interim or annual conso…

• “Note (2) Summary of Significant Accounting Policies; (b) Revision of Previously Issued Interim Financial Statements,” and “Note (18) Revision of Previously Issued Interim Financial Statements,” for additional information.

• We are a global supplier of innovative test and process technology solutions for use in manufacturing and testing across a wide range of markets including Semi, Auto/EV, Defense/Aerospace, Industrial, Life Sciences, Safety/Security and Other. We operate our business worldwide, sell our products both…

• scheduled delivery dates are accelerated or postponed by a significant customer or when customer forecasts and general business conditions fluctuate during a quarter.

Text removed vs the prior filing · source: 10-Q · 2026-05-11

• •our failure to maintain a proper and effective system of disclosure controls and internal control over financial reporting;

• We are a global supplier of innovative test and process technology solutions for use in manufacturing and testing across a wide range of markets including Semi, Auto/EV, Defense/Aerospace, Industrial, Life Sciences, Safety/Security and Other. We operate our business worldwide, sell our products both…

• in the U.S., Canada, Italy and began limited manufacturing in Malaysia in the fourth quarter of 2025. Marketing and support activities are conducted worldwide from our facilities in the U.S., Canada, Italy, Germany, Singapore, Malaysia, and the U.K. We have three reportable segments which are also o…

• While a significant portion of our orders and revenue are derived from the Semi market, and our operating results generally follow the overall trend in the Semi market, in any given period we may experience anomalies that cause the trend in our revenue from the Semi market to deviate from the overal…

• become more pronounced for our sales into the wafer production sector within the broader semiconductor market due to the limited market penetration we have into this sector and the variability of orders we have experienced from the few customers we support. These shifts in market practices and custo…

Text added vs the prior filing · source: 10-Q · 2026-08-10

• Notwithstanding the identified material weakness, management believes that the Consolidated Financial Statements included in this Quarterly Report on Form 10-Q fairly present, in all material respects, the Company’s financial condition, results of operations and cash flows for the periods presented.

• Management has determined that the Company had the following material weakness in its internal control over financial reporting:

• (a)We did not appropriately design controls over changes to the inventory reporting process at Alfamation™ at the beginning of 2026. In addition, our inventory reporting process designed to ensure the completeness and accuracy of inventory, cost of revenues and margin information did not operate wit…

• Although management concluded the errors were not material to the previously issued March 31, 2026 financial statements, recording the correction solely in the second quarter would have been material to second quarter results; accordingly, the Company revised the March 31, 2026 financial statements.…

• Management has implemented the following remediation steps to address the material weakness discussed above 1) a full physical inventory was performed at Alfamation™ at June 30, 2026, to ensure ending balances were reflected completely and accurately 2) physical inventory counts will be performed qu…

Text removed vs the prior filing · source: 10-Q · 2026-05-11

• There has been no change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the period covered by this Report that has materially affected, or is reasonably likely to materially affect, our internal control over …

Text added vs the prior filing · source: 10-Q · 2026-08-10

• We have identified a material weakness in our internal control over financial reporting, and if we are unable to remediate the material weakness or maintain an effective system of internal control over financial reporting, our ability to produce timely and accurate financial statements and comply wi…

• As of the six months ended June 30, 2026, we concluded that our internal control over financial reporting was not effective due to a material weakness related to our internal control over financial reporting. As a result, there is a reasonable possibility that a material misstatement of our annual o…

• The material weakness increases the risk that errors, fraud, or misstatements could occur and remain undetected, which could require us to restate our financial statements, result in SEC enforcement actions, litigation, or loss of investor confidence, and impair our ability to timely and accurately …

• We cannot assure you that the measures we have taken to date, or any measures we may take in the future, will be sufficient to remediate the identified material weakness or prevent additional material weaknesses or significant deficiencies from occurring in the future. Changes in our business, acqui…