Semiconductor Test and Burn-in equipment provider AEHR Test Systems reports fiscal 4th quarter and FY earnings ending May 31st after the close today. The company’s products meet the requirements for today’s data center and silicon photonics testing needs and are poised to take advantage of growth in these sectors as well as autonomous vehicles and 5g adoption.
AEHR reported $3.2M in sales in the 3rd quarter with a Non-GAAP loss of $1.6M or $0.07 per diluted share. Fiscal 2019 ended May 2019 revenue guidance was reined in after Q2 as a result of a global slowdown in semiconductor demand and equipment purchases. AEHR has been winning new customers and expects their customers to ramp in fiscal 2020.
In the prior quarter, CEO Gayn Erickson stated:
“We expect to see a significant increase in bookings in the current fiscal fourth quarter, with an increase in backlog heading into fiscal 2020, and we believe that our revenue will significantly improve to enable us to return to profitability in the current fiscal fourth quarter.”
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