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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 participate in the D.A. Davidson Semicap, Laser and Optical Conference on December 15, 2020. President and CEO Gayn Erickson and CFO Ken Spink will hold one-on-one meetings with investors. Aehr is positioned to support silicon photonics and traditional photonics with manufacturing test solutions vital to 5G infrastructure. The company has introduced new products now in volume production, targeting growth in the photonics market. Tom Diffely from D.A. Davidson highlighted AEHR's potential for explosive growth in testing for emerging photonics and optical sensor markets.
Aehr Test Systems (Nasdaq: AEHR) announces participation in the 12th Annual CEO Investor Summit on December 16, 2020. President and CEO Gayn Erickson and CFO Ken Spink will discuss the company's semiconductor testing solutions, focusing on improving yield and reliability in devices like silicon carbide semiconductors for electric vehicles and silicon photonics for data centers. The event features a virtual format with small group meetings, providing investors insight into the company's product offerings and market potential.
Aehr Test Systems (NASDAQ: AEHR) announced a $4.3 million order from a new customer, a sensor supplier to a major mobile device manufacturer. The order includes a FOX-XP production test system, DiePak Carriers®, and automated loaders for high-volume sensor production testing. Initial shipment is expected in fiscal Q3 2021. Aehr anticipates further orders due to the customer's need for cost-effective testing solutions that ensure high quality and reliability of sensors used in mobile devices. The FOX-XP system provides unique features for testing advanced sensors in increasing demand.
Aehr Test Systems (NASDAQ: AEHR) will participate in the Craig-Hallum 11th Annual Alpha Select Virtual Conference on November 17, 2020. CEO Gayn Erickson and CFO Ken Spink will host investor meetings to discuss the company's semiconductor testing solutions. Aehr Test highlights its innovations in wafer-level and die test and burn-in solutions, particularly for silicon carbide semiconductors used in electric vehicles and silicon photonics in 5G infrastructure. The company aims to enhance yield and reliability, anticipating significant revenue growth in the upcoming fiscal year.
Aehr Test Systems (NASDAQ: AEHR) will showcase its FOX-P™ platform for multi-wafer, die, and module testing at the Virtual SWTest Conference on November 11, 2020. The FOX-P system is designed for high-volume production, focusing on applications in 5G, Data Centers, and Electric Vehicles. The company emphasizes its capability to test 100% of die on a wafer in a single insertion, enhancing reliability and cost savings. CEO Gayn Erickson noted the importance of these systems for the growing silicon carbide market, which requires stringent reliability standards.
Aehr Test Systems (NASDAQ: AEHR) announced a design win and initial order for multiple DiePak Carriers to test and burn-in 3D sensor modules for a major customer. This order marks an expansion of their test solutions and reflects increasing interest in Aehr's FOX systems. The FOX-XP system offers advanced testing capabilities, including precise temperature management and comprehensive device monitoring. The growing demand for reliable testing solutions in the semiconductor market positions Aehr to capitalize on new opportunities as the industry evolves.
Aehr Test Systems (NASDAQ: AEHR) reported a net sales decline to $2.0 million for Q1 fiscal 2021, down from $5.5 million compared to Q1 fiscal 2020. GAAP net income rose to $107,000 or $0.00 per diluted share, contrasting with a net loss of $413,000 last year. Non-GAAP net loss was $2.0 million, significantly affected by a $2.2 million non-cash gain from the closure of its Japan subsidiary. Despite temporary COVID-19 disruptions, the company anticipates revenue growth of 12%-26% year-over-year in FY 2021, projecting total revenue between $25 million and $28 million.
Aehr Test Systems (NASDAQ: AEHR) will report its financial results for the first quarter of fiscal 2021, which ended August 31, 2020, on September 24, 2020, after market close. A conference call and webcast will be conducted at 5:00 p.m. ET to discuss these results. Investors can access the call by dialing 800-353-6461 (US) or +1 334-323-0501 (International) with passcode 9822939. A replay will be available until October 1, 2020. Aehr is a global supplier of semiconductor test and reliability qualification equipment, addressing growing quality requirements in the Automotive and Mobility markets.
Aehr Test Systems (NASDAQ: AEHR) announced the appointment of Geoff Scott to its board of directors, effective September 2, 2020. Scott, an investor in emerging high-growth companies, brings valuable corporate finance experience. Concurrently, John Schneider resigned from the board for personal reasons, maintaining the board's size at six members. Scott's background includes 25 years as President of Scott Asset Management, with a focus on small-cap companies. This change aims to enhance the company’s strategic direction amid growing opportunities in the semiconductor testing market.
Aehr Test Systems (NASDAQ:AEHR) will present at the LD Micro 500 virtual investor conference on September 3, 2020, at 8:20 AM PT. CEO Gayn Erickson and CFO Ken Spink are also available for one-on-one meetings on September 2 and 3. The event, taking place from September 1-4, will showcase 500 micro-cap companies. The presentation will be live-streamed and available for replay on Aehr's website. Interested attendees can register through LD Micro’s platform. For more information, contact your LD Micro representative.
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