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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) has secured a $10.8 million purchase order from a Fortune 500 customer for multiple FOX-XP™ systems and WaferPak™ Contactors to enhance production capacity. These systems are anticipated to ship within six months. CEO Gayn Erickson emphasized the increasing demand for electric vehicle semiconductor testing, forecasting additional orders this fiscal year and significant demand growth in the coming years. The power semiconductor market is projected to triple from 2020 to 2026, with electric vehicle sales expected to grow at a CAGR of 29% through 2025.
Aehr Test Systems (NASDAQ: AEHR) reported financial results for Q4 and the full fiscal year 2021. Q4 net sales surged to $7.6 million, a 102% increase from the previous year, with a GAAP net income of $567,000 ($0.02 per diluted share), recovering from a loss in Q4 2020. The fiscal year saw revenues drop to $16.6 million from $22.3 million, with GAAP net loss narrowing to $2 million. Looking ahead, Aehr expects fiscal 2022 revenue to exceed $28 million, indicating a projected growth of 70%. The company is focusing on silicon carbide technology, essential for electric vehicle applications.
Aehr Test Systems (NASDAQ: AEHR) has secured a follow-on order worth $2.9 million for a FOX-XP™ Wafer Level Test and Burn-in system from a leading Fortune 500 semiconductor customer. This order aims to enhance production testing capacity for silicon carbide devices, particularly in the electric vehicle sector. The FOX-XP system can test eighteen silicon carbide wafers simultaneously, ensuring high-quality production. The company anticipates significant demand growth in the electric vehicle market, with forecasts indicating a tripling of the power semiconductor market by 2026.
Aehr Test Systems (NASDAQ: AEHR) announced it will report its fiscal 2021 fourth quarter and full year financial results on July 15, 2021. Following the report, the company will host a conference call at 5:00 p.m. Eastern Time to discuss these results. Investors can access the live call by dialing 800-367-2403 for the U.S. and Canada, or +1 334-777-6978 internationally. The conference will be available for replay until July 22, 2021. Aehr specializes in semiconductor test systems, addressing the growing quality needs of the Automotive and Mobility markets.
Aehr Test Systems (NASDAQ: AEHR) has secured orders worth $1.4 million for WaferPak™ Contactors from a leading Fortune 500 semiconductor customer. These orders will support the production testing and burn-in of silicon carbide devices, essential for electric vehicle power modules. The FOX-XP™ system, capable of testing 18 silicon carbide wafers simultaneously, enhances test quality and reliability. The semiconductor market for electric vehicles is projected to triple by 2026, potentially driving significant future orders from this customer.
Aehr Test Systems (NASDAQ: AEHR) announced that its CEO Gayn Erickson and CFO Ken Spink will participate in the 13th Annual CEO Summit on June 15, 2021. The virtual event will allow discussions about semiconductor wafer level and singulated die test solutions, targeting investors interested in the growing markets for devices like silicon carbide semiconductors and silicon photonics. The summit features a round-robin format enabling personalized interactions with management teams, but registration is limited and required by June 10, 2021.
Aehr Test Systems (NASDAQ: AEHR) announced a follow-on order exceeding $2.3 million from a leading Fortune 500 silicon carbide customer. This order is for a FOX-XP Wafer Level Test and Burn-in system, crucial for electric vehicle power module production. The system, operational in Aehr's fiscal fourth quarter ending May 31, 2021, tests eighteen silicon carbide wafers simultaneously, ensuring quality and reliability. The company anticipates additional orders from this customer and other key firms in the silicon carbide market, driven by anticipated growth in electric vehicle power semiconductors.
Aehr Test Systems (NASDAQ: AEHR) announced participation in the 18th Annual Craig-Hallum Institutional Investor Virtual Conference on June 2, 2021. The company’s President and CEO, Gayn Erickson, and CFO, Ken Spink, will host virtual meetings with investors.
Erickson stated the focus will be on their semiconductor testing solutions, which are vital for enhancing yield and reliability in markets like electric vehicles, data centers, and wearable tech. Aehr Test provides various innovative testing systems, including the ABTS and FOX families, designed for various semiconductor applications.
Aehr Test Systems (NASDAQ: AEHR) has appointed Fariba Danesh to its board of directors, effective May 10, 2021. Danesh brings over 30 years of experience in technology leadership, particularly in semiconductor and optical markets. Currently the COO of PsiQuantum, she has extensive expertise in photonics and telecommunications. CEO Gayn Erickson highlighted her knowledge of semiconductor testing and reliability, expecting her contribution to be beneficial as the company expands its capabilities in the silicon carbide and photonic sectors. This appointment increases the board's membership to seven.
Aehr Test Systems (NASDAQ: AEHR) reported its fiscal Q3 2021 results, showing net sales of $5.3 million, down from $6.1 million in Q3 2020. The GAAP net loss was $735,000 or $0.03 per diluted share, compared to a net income of $245,000 in the prior year. Notably, bookings surged to $8.0 million, significantly surpassing $3.1 million in Q3 2020. For the fiscal year, net sales totaled $9.0 million, a decrease from $18.5 million in the previous year. Looking ahead, Q4 revenue is projected at at least $7.0 million, indicating a potential growth of 33%.
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