Aehr Test Systems

AEHR NASDAQ
AEHR
Aehr Test Systems NASDAQ
 
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History of AEHR

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Jul 192021

Aehr stock wins big after stellar Q4 earnings

Aehr Test Systems saw its stock soar 21% to end Friday among TradingView’s top gainers after reporting a return to pre-pandemic revenues in Q4. Aehr specializes in the manufacturing of semiconductor testing equipment, so it's no wonder business has been booming recently.

The global chip shortage has been raging on for a while now, and has disrupted production in a huge range of industries: from automobiles to medical appliances. However, there are some that have benefited from the crazy demand, and Aehr Test Systems is one of them. The California-based company specializes in the manufacturing of semiconductor testing equipment, and is behind a bunch of popular testing systems for something called wafers – which play a big part in producing chips.

As companies have continued to try and catch up with heightened demand for chips, Aehr has reaped the rewards and flexed a fourth quarter earnings release that boasts a return to pre-pandemic revenue levels... and the stock is up 21% in response. Net sales grew 102% year-on-year to $7.6 million compared to expectations of $7.03 million, bookings were up 113% to $5.5 million, and non-GAAP earnings per share came in at $0.04 compared to expectations of $0.02.

We are pleased to report improved revenue and operating profit in the fiscal fourth quarter that reflect a return to above pre-pandemic levels. We are also encouraged by the strong increase in customer demand during the quarter, which is a positive turnaround from customer production ramp delays and push outs we experienced this past year related to COVID-19. We are off to a strong start for fiscal 2022 with $5.4 million in bookings and an effective backlog of $7 million quarter to date,

commented Gayn Erickson, President and CEO of Aehr Test Systems.

Aehr is expecting to be profitable for the fiscal year 2022, and considering demand for electronics and automobiles is unlikely to slow any time soon, should be well on the way already.