Aehr Test Systems - AEHR STOCK NEWS

Aehr Test Systems (NASDAQ: AEHR) has released preliminary unaudited financial results for its fiscal fourth quarter and full year ended May 31, 2024. The company reported fourth-quarter revenue of approximately $16.6 million and a GAAP net income of about $23.8 million, which includes a $20.8 million tax benefit from the release of the company's full income tax valuation allowance. For the full fiscal year, revenue reached around $66.2 million, and GAAP net income was approximately $33.1 million, surpassing previous guidance and analyst expectations. Despite a slowdown in electric vehicle (EV) demand affecting silicon carbide device shipments, Aehr achieved record annual revenue. CEO Gayn Erickson highlighted the company's engagement with new potential silicon carbide device suppliers and emerging opportunities in markets like silicon photonics and gallium nitride power semiconductors. Full financial results will be released on July 16, 2024, followed by an earnings conference call.

Aehr Test Systems (NASDAQ:AEHR), a global provider of semiconductor test and burn-in equipment, will release its financial results for the fiscal 2024 fourth quarter and full year on July 16, 2024, after market close. The announcement will be followed by a conference call and webcast at 5:00 p.m. Eastern Time to discuss the results. Investors can access the live call by dialing +1 888-506-0062 (US & Canada) or +1 973-528-0011 (International) using the passcode 196310. A replay of the call will be available for one week post-event by dialing +1 877-481-4010 (US & Canada) or +1 919-882-2331 (International) with the replay passcode 50772.

Aehr Test Systems (NASDAQ:AEHR), a global supplier of semiconductor test and burn-in equipment, announced that its President and CEO, Gayn Erickson, will attend the 16th Annual CEO Investor Summit 2024. The event will take place on July 10th at the St. Regis Hotel in San Francisco, CA. Erickson expressed enthusiasm about discussing the company's wafer level test and burn-in solutions, which enhance the quality, reliability, and yield of semiconductors. These solutions are important for sectors such as electric vehicles, data centers, and 5G infrastructure. The presentation materials will be available on Aehr's investor relations page.

Aehr Test Systems (NASDAQ:AEHR), a global supplier of semiconductor test and burn-in equipment, will present at the William Blair 44th Annual Growth Stock Conference in Chicago on June 5 at 2:00pm CT. President and CEO Gayn Erickson and CFO Chris Siu will discuss the company's wafer level test and burn-in solutions for semiconductor production, focusing on markets such as electric vehicles, data centers, and 5G infrastructure. The presentation will be webcast live and available for replay. Investors can contact William Blair or MKR Investor Relations for more details or to schedule meetings.

Aehr Test Systems (NASDAQ: AEHR) will participate in the 21st Annual Craig-Hallum Institutional Investor Conference on May 29, 2024, in Minneapolis. President and CEO Gayn Erickson will hold one-on-one meetings with investors to discuss the company's wafer level test and burn-in solutions for semiconductor production. Aehr Test offers solutions for improving the quality, reliability, and yield of semiconductors used in electric vehicles, power conversion applications, and data centers. The company sees significant growth potential in the adoption of these solutions for new applications like optical I/O and co-packaged optics devices.

Aehr Test Systems (NASDAQ:AEHR) reported financial results for Q3 fiscal 2024 with net revenue of $7.6 million, a decrease from $17.2 million in Q3 fiscal 2023. The GAAP net loss was $(1.5) million, compared to net income of $4.1 million in the same period last year. Non-GAAP net loss was $(0.9) million, down from income of $4.7 million. Bookings were $24.5 million with a backlog of $20 million. Total cash and equivalents were $47.6 million. For the first nine months of fiscal 2024, net revenue was $49.6 million, GAAP net income was $9.3 million, and non-GAAP net income was $11.0 million. Cash provided by operations was $0.5 million.

Aehr Test Systems (NASDAQ:AEHR) receives an initial customer order for FOX-NP wafer level test and burn-in system for silicon carbide devices. The customer, a global semiconductor company, plans to use the system for engineering, qualification, and small lot production across various industries. Aehr's technology solutions offer cost-effective implementation of burn-in and stabilization requirements with proven traceability. The customer intends to transition to high-volume production with Aehr's FOX-XP system. The market forecast suggests a significant demand for silicon carbide devices in electric vehicles, industrial, solar, and other applications. Aehr's wafer level burn-in solution proves to be more cost-effective and efficient than traditional package part burn-in methods, ensuring early life failure removal and long-term reliability for critical industries.

Aehr Test Systems (AEHR) to Report Q3 Fiscal 2024 Financial Results on April 9, 2024

Aehr Test Systems (AEHR) announces preliminary financial results for Q3 fiscal 2024, highlighting delays in wafer level burn-in system orders for semiconductor devices used in electric vehicles impacting revenue and profitability. The company provides updated revenue guidance for the full fiscal year, expecting total revenue of at least $65 million. President and CEO Gayn Erickson discusses the factors contributing to the revenue impact and forecasts a temporary slowdown in orders due to softness in the semiconductor market.