Aehr Test Systems - AEHR STOCK NEWS

Aehr Test Systems (NASDAQ: AEHR) reported significant growth in its fiscal Q1 2023 results, with net sales soaring 89% to $10.7 million compared to $5.6 million in Q1 2022. GAAP net income stood at $589,000 ($0.02 per share), down from $696,000 ($0.03 per share) the previous year, impacted by PPP loan forgiveness. Non-GAAP net income rose to $1.3 million ($0.05 per share) from a loss of $414,000. Bookings hit $19.1 million, and backlog grew to $19.5 million. The company is optimistic about the growing demand for silicon carbide in electric vehicles and reaffirms fiscal 2023 revenue guidance of $60 million to $70 million.

Aehr Test Systems (NASDAQ: AEHR) has introduced new enhancements for its FOX-P wafer-level test and burn-in systems, including the FOX Bipolar Voltage Channel Module (BVCM) and Very High Voltage Channel Module (VHVCM). These additions enable advanced testing capabilities for silicon-carbide and gallium-nitride power semiconductors, crucial for electric vehicles and power conversion applications. The BVCM can program up to 40V to -30V across 3,000 die, while the VHVCM supports testing up to 2,000V for individual devices. Initial shipments are set for 12-16 weeks, potentially increasing bookings and revenue for Aehr.

Aehr Test Systems (NASDAQ: AEHR) will report its first-quarter fiscal 2023 financial results on October 6, 2022, after market close. A conference call will follow at 5:00 p.m. Eastern Time to discuss the results. Interested parties can join the call by dialing +1 877-270-2148 for the U.S. and Canada or +1 412-902-6510 for international access. The live webcast can be accessed via the company's investor relations page at www.aehr.com. A replay will be available shortly after the call concludes.

Aehr Test Systems (NASDAQ: AEHR) announced that President and CEO Gayn Erickson will speak at the EU Power Semiconductor Executive Summit on September 19-20, 2022, in Munich, Germany. Erickson's presentation, titled "Evaluating Stabilization of Silicon Carbide MOSFET Gate Threshold Voltage at Wafer Level," will focus on the importance of gate threshold voltage stability in SiC modules. The event aims to foster discussions among power semiconductor professionals on efficiency and reliability amid growing demands for electric vehicles and sustainable technology. More details can be found on Aehr's website.

Aehr Test Systems (NASDAQ: AEHR) has secured a purchase order from a new customer for a FOX-NP multi-wafer test and burn-in system, essential for qualifying silicon carbide devices aimed at electric vehicles. This customer, a significant player in the silicon carbide market, will utilize multiple WaferPak Contactors for enhanced functionality. The systems are scheduled for shipment this week, with acceptance criteria expected to be met within three to six months. The silicon carbide device market is projected to expand significantly, necessitating an increase in wafer production capacity to meet automotive and electrification demands.

Aehr Test Systems (NASDAQ: AEHR) will participate in the 3rd Annual Needham Virtual Semiconductor and SemiCap 1x1 Conference on August 25, 2022. President and CEO Gayn Erickson, along with CFO Ken Spink, will engage with investors through virtual meetings. The company aims to discuss its innovative semiconductor testing solutions, focusing on silicon carbide for electric vehicles and gallium nitride for various applications. Aehr Test emphasizes its role in enhancing semiconductor reliability and quality, anticipating significant revenue growth in the upcoming fiscal years.

Aehr Test Systems (NASDAQ: AEHR) has secured over $4.0 million in orders for WaferPak™ full wafer Contactors, aimed at supporting increased production capacity for silicon carbide devices in the electric vehicle market. These Contactors are set to ship by the end of the fiscal third quarter, February 28, 2023. The company anticipates future orders due to growing demand in the semiconductor sector, projected to see over 30% annual growth. The FOX-XP system’s capability to handle both 150mm and future 200mm silicon carbide wafers underlines Aehr's strategic focus on emerging opportunities in the electric vehicle industry.

Aehr Test Systems (NASDAQ: AEHR) has secured $12.8 million in orders from a leading semiconductor supplier to enhance production capacity for power semiconductors aimed at the electric vehicle market. This includes multiple FOX-XP™ systems, WaferPak Aligners, and WaferPak contactors. The FOX-XP systems test eighteen silicon carbide wafers in parallel, significantly improving reliability by removing early life failures. These orders are indicative of a growing trend, with expectations for substantial future orders driven by increasing demand for electric vehicles, projected to grow over 30% annually.

Aehr Test Systems (NASDAQ: AEHR) reported strong financial results for its fiscal 2022 fourth quarter and full year, with net sales of $20.3 million, up 166% year-over-year, and a full year revenue of $50.8 million, up 206%. GAAP net income surged to $5.8 million, or $0.20 per diluted share, compared to just $567,000 in Q4 2021. Significant bookings of $60.2 million were recorded, with a backlog of $11.1 million. The company anticipates revenues of $60 to $70 million for fiscal 2023, driven by demand for silicon carbide devices in electric vehicles.