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.