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Aehr Test Systems, headquartered in Fremont, California, is a global leader in providing innovative solutions for the testing and burn-in of semiconductor devices. With an installed base of over 2,500 systems worldwide, Aehr Test Systems specializes in systems tailored for the burn-in and testing of memory and logic integrated circuits. The company’s flagship products include the ABTS, FOX™, and MAX™ systems, along with the DiePak® Carrier.
Among their offerings, the ABTS system performs both low-power and high-power logic tests during burn-in for all common types of memory devices. The FOX system is designed for full wafer contact testing and burn-in, making it highly efficient for both engineering and high-volume production. The MAX system is proficient in burning-in and functionally testing complex devices like DSPs, microprocessors, and SoCs. Lastly, the DiePak carrier allows for cost-effective final tests and burn-in of bare dies.
Aehr Test Systems is meeting the rising demands for high-quality and reliable integrated circuits, driven by the automotive and mobile markets, among others. The company is also expanding its market reach with new opportunities in silicon carbide and gallium nitride power semiconductors. Their latest innovations, such as the FOX WaferPak™ Aligner and FOX-XP™ WaferPak Contactor, underscore their commitment to enhancing test accuracy and efficiency.
Financially, Aehr Test Systems has shown robust growth, with net revenues of $20.6 million in the first quarter of fiscal 2024, reflecting a significant increase from previous years. The company's financial condition is strong, supported by substantial cash reserves and a growing backlog of orders. Aehr Test Systems continues to build strategic partnerships and is actively engaging with new customers to further expand its market presence.
Aehr Test Systems (NASDAQ: AEHR) announced its participation in the D.A. Davidson Semicap, Laser and Optical Conference on December 15, 2021. President Gayn Erickson and CFO Ken Spink will engage in one-on-one virtual meetings with institutional investors. Erickson highlighted Aehr's focus on semiconductor testing solutions that enhance yield and reliability for key markets, including electric vehicles and data centers. The company aims to capitalize on increasing demand for silicon carbide semiconductors and optical devices, anticipating significant revenue growth in the coming fiscal years.
Aehr Test Systems (NASDAQ: AEHR) has announced its membership in the PowerAmerica Institute, aimed at accelerating the adoption of silicon carbide (SiC) and gallium nitride (GaN) power electronics. This collaboration seeks to expedite market introduction, reduce costs, and mitigate risks associated with new technologies. Backed by the U.S. Department of Energy, PowerAmerica acts as a hub for semiconductor manufacturers and users, fostering innovation and education. Aehr anticipates that advancements in SiC and GaN technologies will enhance energy efficiency across various sectors, including electric vehicles and renewable energy.
Aehr Test Systems (NASDAQ: AEHR) announced participation in the 10th Annual December CEO Summit on December 8, 2021, held at the St. Regis Hotel in San Francisco. President and CEO Gayn Erickson, along with CFO Ken Spink, will represent the company at this in-person event, which coincides with SEMICON West 2021.
The presentation material will be available on the investor relations page of the company’s website. The Summit features a round-robin format and is limited to accredited investors and research analysts, requiring RSVP by November 29, 2021.
Aehr Test Systems (NASDAQ: AEHR) announced participation in the Craig-Hallum 12th Annual Alpha Select Virtual Conference on November 16, 2021. CEO Gayn Erickson and CFO Ken Spink will host investor meetings to discuss their semiconductor testing solutions.
Mr. Erickson highlighted that their products enhance semiconductor yield and reliability, particularly for silicon carbide devices in electric vehicles and silicon photonics for data centers. Continued demand in these markets is expected to drive significant revenue for AEHR in the upcoming fiscal year.
Aehr Test Systems (NASDAQ: AEHR) has secured a $7.6 million order for WaferPak™ full wafer Contactors from its leading silicon carbide customer to enhance production capacity. This follows a prior order worth $19 million for FOX-XP test systems. The order represents about two-thirds of the required WaferPaks, with expectations of further orders due to the growing demand for silicon carbide devices in various markets including electric vehicles and renewable energy.
Aehr Test Systems (NASDAQ: AEHR) announced its participation in the 13th European Conference on Silicon Carbide and Related Materials (ECSCRM 2020·2021) from Oct 24-28, 2021, in Tours, France. CEO Gayn Erickson expressed enthusiasm in showcasing their semiconductor test solutions, vital for enhancing semiconductor yield and reliability. Key applications include silicon carbide and gallium nitride semiconductors used in electric vehicles and data centers. The conference aims to connect global experts in wide-bandgap semiconductors, focusing on the latest advancements in the sector.
Aehr Test Systems (NASDAQ: AEHR) announced a $1.3 million order for two FOX-NP™ systems from a major semiconductor manufacturer. These systems will enhance test capacity for silicon photonics devices, expected to ship in the coming months. The order reflects growing demand for silicon photonics, projected to grow at a 49% CAGR from 2021 to 2026. Aehr's FOX-NP systems will optimize device manufacturing by allowing simultaneous testing of multiple wafers, leading to cost savings and improved reliability.
Aehr Test Systems (NASDAQ: AEHR) announced the successful completion of its $25 million at-the-market offering, selling 1.7 million shares at an average price of $14.73, netting $24 million after expenses. CEO Gayn Erickson highlighted that this funding positions the company to seize significant market opportunities, especially in silicon carbide devices for electric vehicles and advanced semiconductor testing. The ongoing demand for test solutions in emerging markets reflects a strong backlog and customer engagement, reinforcing Aehr's growth potential in critical technology applications.
Aehr Test Systems (NASDAQ: AEHR) announced that CEO Gayn Erickson will present at the 14th Annual LD Micro Main Event Conference on October 12, 2021, at 3:30 pm PT in Los Angeles. The company focuses on semiconductor test systems that enhance yield and reliability for devices utilized in electric vehicles and data centers. Erickson will discuss innovative testing solutions crucial for performance in emerging markets. The conference will feature around 150 companies and offers opportunities for investor engagement throughout the event.
Aehr Test Systems (NASDAQ: AEHR) reported a strong start to fiscal 2022, with net sales of $5.6 million, up 181% year-over-year. The company raised its revenue guidance for fiscal 2022 by 80%, now expecting at least $50 million. GAAP net income was $696,000, or $0.03 per diluted share, aided by the forgiveness of a PPP loan. The backlog grew significantly to $16.6 million, with total bookings exceeding $40 million. Key growth is driven by demand for silicon carbide power semiconductors in electric vehicles, expected to surge over 500% by 2026, presenting a substantial market opportunity for Aehr.
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