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Form 8-K · Current Report · Filed 2024-07-16

Aehr Test Systems Reports Fiscal 2024 Full Year Financial Results and Provides Fiscal 2025 Guidance

Aehr Test Systems reported its fiscal 2024 full year financial results, with a record net revenue of $66.2 million and GAAP net income of $33.2 million.

Filer
Aehr Test Systems AEHR · NASDAQ
Filed
Accession
0001654954-24-009013
CIK
0001040470
Signal
Medium impactTechnology

Details

The company also provided fiscal 2025 guidance, expecting revenue of at least $70 million. Despite challenges from slower EV demand, the company saw traction in emerging markets such as AI processor test and burn-in. The company further amended its fiscal year end to a 4-4-5 calendar, starting June 1, 2024.

Items reported

Item 2.02

Results of Operations and Financial Condition

Earnings Beat General Statement
Item 5.03

Amendments to Articles of Incorporation or Bylaws

Articles of Incorporation Amendment Bylaw Amendment
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$16.43

Next session

+25.4%

Since filing

+387.1%

Latest close

$80.03

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from AEHR reporting the same item, with the next session's move:

Exhibits (1)

About Aehr Test Systems

Aehr Test Systems is a leader in the design, manufacture, and sale of test and burn-in equipment for semiconductor devices. Instrumental in ensuring the reliability of semiconductor chips, which are critical components in an array of industries, Aehr Test Systems specializes in developing systems tailored for semiconductor production validation. The company's equipment supports key functions, such as reducing the time and cost required to test chips, particularly for high-volume applications. Aehr Test Systems primarily serves the electronics and semiconductor sectors, providing solutions that are vital for manufacturers seeking efficient quality assurance processes for integrated circuits. Its products are integral in the production of devices for consumer electronics, telecommunications, automotive, and data storage markets. The company, established in 1977 and headquartered in Fremont, California, is recognized for its contributions to minimizing risks associated with semiconductor failures and enhancing production throughput. With a keen focus on innovation and scalability, Aehr Test Systems holds a crucial role in supporting the modern semiconductor industry's evolving needs.

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