Aehr Test Systems - AEHR STOCK NEWS

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%.

Aehr Test Systems (NASDAQ: AEHR) will report its third quarter financial results for fiscal 2021 on April 8, 2021, after market close. A conference call will be held at 5:00 PM ET to discuss these results. Interested parties can dial in or access the live webcast through the investor relations section of Aehr's website. The company focuses on semiconductor test and reliability qualification equipment, catering to the rising demands of the Automotive and Mobility integrated circuit markets.

Aehr Test Systems (NASDAQ: AEHR) announced a $1.2 million order for WaferPak™ Contactors from a leading semiconductor manufacturer for testing silicon photonics devices aimed at data centers. This order reflects increased production testing volume and a long-term growth outlook, as market research predicts a 26.8% compound annual growth rate for silicon photonics. The FOX-XP system supports diverse integrated devices, reinforcing Aehr's position in the semiconductor testing market.

Aehr Test Systems (NASDAQ: AEHR) has secured an order worth over $1.4 million from a current client for a FOX-XP™ multi-wafer test and burn-in system, along with multiple WaferPak™ Contactors for the production qualification of high-performance silicon photonics devices. The shipment is expected before the fiscal year's end on May 31, 2021. The client, a significant fiber optic transceiver supplier for the Data Center Interconnect (DCI) market, will utilize the FOX-XP system to meet increasing production needs, driven by a projected CAGR of over 55% in the DCI market.

Aehr Test Systems (NASDAQ: AEHR) announced orders exceeding $1.3 million for its WaferPak consumables from existing clients utilizing FOX multi-wafer test systems. The orders pertain to new designs and increased volume production tests of silicon carbide power semiconductors for electric vehicles and photonics devices for data centers. CEO Gayn Erickson highlighted a growing demand in the silicon carbide and silicon photonics markets, projecting significant future production capacity needs. The company anticipates that consumables may contribute up to 50% of total annual revenue in the long term.

Aehr Test Systems (NASDAQ: AEHR) reported its fiscal Q2 2021 results, with net sales of $1.7 million, a significant decline from $6.9 million in Q2 2020. The company posted a GAAP net loss of $2.0 million or $0.08 per diluted share, compared to a net income of $251,000, or $0.01 per diluted share, last year. Amid COVID-19's impact, backlog stood at $1.1 million. Aehr revised its full-year revenue guidance down to $20 million - $25 million but remains optimistic about future bookings and revenue increases.

Aehr Test Systems (NASDAQ: AEHR) will report its financial results for the second quarter of fiscal 2021, ended November 30, 2020, on January 7, 2021, after the market closes. The company will host a conference call at 5:00 p.m. ET for discussion of these results. Interested parties can access the call by dialing 800-437-2398 or via a webcast at Aehr's investor relations website. The call will be available for replay until January 14, 2021.