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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) reported notable financial results for its fiscal second quarter ending November 30, 2022. Net sales surged 54% to $14.8 million, with GAAP net income rising to $3.7 million, up from $717,000. The company also added two new silicon carbide customers, enhancing its market share in the growing silicon carbide sector, particularly for electric vehicles. Forecasts predict a significant increase in demand for silicon carbide devices, with Aehr maintaining its revenue guidance of $60 million to $70 million for the fiscal year ending May 31, 2023.
Aehr Test Systems (NASDAQ: AEHR) will release its second quarter fiscal 2023 financial results on January 5, 2023. The results will cover the period ending November 30, 2022. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time, allowing investors to discuss these results. Participants can join the call by dialing the provided numbers or via the webcast on the investor relations section of Aehr's website.
Aehr Test Systems (NASDAQ: AEHR) has secured an initial production order for its FOX-XP™ multi-wafer test system from a new major silicon carbide semiconductor supplier. The system features advanced test capabilities suitable for electric vehicle applications and other industrial uses. Following a previous order, shipments of the FOX-XP system are slated to start in the fiscal fourth quarter beginning March 1, 2023. The market for silicon carbide devices is projected to grow significantly, with estimates suggesting demand will rise from under 150,000 wafers in 2021 to over four million by 2030.
Aehr Test Systems (NASDAQ: AEHR), based in Fremont, California, will participate in the Craig-Hallum 13th Annual Alpha Select Conference on November 17, 2022. CEO Gayn Erickson and CFO Ken Spink will engage with institutional investors throughout the event. The company aims to highlight its innovations in semiconductor testing and reliability, focusing on silicon carbide for electric vehicles and gallium nitride for consumer electronics. These sectors are projected to be key revenue drivers in the coming fiscal years.
Aehr Test Systems (NASDAQ: AEHR) has secured $4.4 million in orders from its lead customer for multiple WaferPak™ full wafer Contactors, aimed at increasing production capacity for silicon carbide power semiconductors catering to the electric vehicle market. Shipments are expected by the end of Aehr’s fiscal third quarter, concluding February 28, 2023. The company anticipates ongoing demand for FOX systems and WaferPak Contactors, contributing to their positive outlook for business growth in the automotive semiconductor sector.
Aehr Test Systems (NASDAQ: AEHR) announced new purchase orders for its FOX-NP multi-wafer test and burn-in systems from a multibillion-dollar semiconductor manufacturer. The orders include WaferPak Contactors and a FOX WaferPak Aligner for qualifying silicon carbide devices, crucial for electric vehicles. The FOX system is designed for high-temperature testing and is scheduled for shipment in the next six months. Aehr anticipates growth in demand for silicon carbide products due to rising automotive market needs, as 100% burn-in testing is required to ensure reliability.
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.
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