Aehr Test Systems Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2017; Reiterates Earnings Guidance for the Fiscal Year Ending May 31, 2018
January 04, 2018 at 04:06 pm EST
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Aehr Test Systems reported unaudited consolidated earnings results for the second quarter and six months ended November 30, 2017. For the quarter, the company reported net sales of $7,923,000 against $4,216,000 a year ago. Income from operations was $187,000 against loss of $1,284,000 a year ago. Income before income tax benefit was $75,000 against loss of $1,422,000 a year ago. Net income was $60,000 against loss of $1,452,000 a year ago. Net income attributable to company common shareholders was $60,000 or $0.00 per basic and diluted share compared to net loss of $1,452,000 or $0.09 per basic and diluted share a year ago. Non-GAAP net income was $424,000 or $0.02 per diluted share against loss of $1,237,000 or $0.08 per diluted share a year ago.
For the six months, the company reported net sales of $14,893,000 against $9,534,000 a year ago. Income from operations was $359,000 against loss of $1,854,000 a year ago. Income before income tax benefit was $80,000 against loss of $2,173,000 a year ago. Net income was $70,000 against loss of $2,207,000 a year ago. Net income attributable to company common shareholders was $70,000 or $0.00 per basic and diluted share compared to net loss of $2,207,000 or $0.15 per basic and diluted share a year ago. Non-GAAP net income was $650,000 or $0.03 per diluted share against loss of $1,673,000 or $0.11 per diluted share a year ago.
For the fiscal year ending May 31, 2018, the company continues to maintain confidence in revenue growth forecast, and reiterate previously provided financial guidance for the fiscal year ending May 31, 2018 of full year total revenue growth of at least 50% over fiscal 2017 and to be profitable for the year.
Aehr Test Systems is a provider of test solutions for testing, burning-in, and stabilizing semiconductor devices in wafer level, singulated die, and package part form. The Company's products include the FOX-P family of test and burn-in systems and FOX WaferPak Aligner, FOX WaferPak Contactor, FOX DiePak Carrier and FOX DiePak Loader. The FOX-XP and FOX-NP systems are full wafer contact and singulated die/module test and burn-in systems that can test, burn-in, and stabilize a range of devices such as silicon carbide-based and other power semiconductors, 2D and 3D sensors used in mobile phones, tablets, and other computing devices. The FOX-CP system is a low-cost single-wafer compact test solution for logic, memory and photonic devices. The FOX WaferPak Contactor contains a full wafer contactor capable of testing wafers up to 300 millimeter (mm) that enables integrated circuit (IC) manufacturers to perform testing, burn-in, and stabilization of full wafers on the FOX-P systems.
Aehr Test Systems Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2017; Reiterates Earnings Guidance for the Fiscal Year Ending May 31, 2018