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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) will announce its first quarter fiscal 2022 financial results on September 23, 2021, after market close. The conference call is scheduled for 5:00 PM ET to discuss these results. Interested parties can join via a live call by dialing 800-437-2398 (US and Canada) or +1 323-289-6576 (International) using passcode 5352296. The company specializes in semiconductor test and reliability qualification equipment, addressing growing demands from the Automotive and Mobility sectors.
Aehr Test Systems (NASDAQ: AEHR) has secured a $19.4 million order for multiple FOX-XP systems to enhance silicon carbide production for electric vehicles. The order, from a leading Fortune 500 semiconductor supplier, addresses increasing capacity needs for testing silicon carbide devices. Delivery is anticipated over the next nine months. The silicon carbide market is projected to triple by 2026, offering significant growth opportunities for Aehr. Their products aim to ensure high reliability and performance in electric vehicle components, with a strong emphasis on reducing power loss.
Aehr Test Systems (NASDAQ: AEHR) has announced initial orders nearing $1.2 million from a new customer in China for its FOX-P™ test and burn-in solution aimed at silicon photonics devices. This order includes a FOX-NP™ full wafer system and multiple DiePak Carriers® to support production requirements. CEO Gayn Erickson expressed optimism regarding the growing silicon photonics market, highlighting increasing demands for quality and reliability in optical devices across various sectors. The shipment is scheduled for Aehr's fiscal first quarter ending August 31, 2021.
Aehr Test Systems (NASDAQ: AEHR) announced $3.0 million in purchase orders from a leading Fortune 500 semiconductor supplier for WaferPak Contactors and a FOX WaferPak Aligner, aimed at enhancing production capacity for electric vehicle power semiconductors. The orders signify a stronger partnership and are expected to ship within six months. Aehr's proprietary solutions cater to increasing demands in the electric vehicle market, with silicon carbide semiconductors forecasted to triple by 2026. The FOX-XP system is equipped for efficient testing of silicon carbide wafers.
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.
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