AEHR posted earnings this afternoon. Key takeaways:
- They did achieved profitability as the CEO promised. $428K non-GAAP earnings. $110,000 GAAP net-income
- Backlog QoQ rose from $6.9M to $7.5M
- Guiding for 28% to 47% YoY revenue increase for the current fiscal year with profitability.
- Cash and accounts receivable up to $10.3M QoQ
StoryTrading earlier this afternoon asked if the CEO would deliver on his promise. It appears he did. An operating model provided by at least one StoryTrader shows $0.09 EPS for the current fiscal year based on achieving midpoint of the revenue guidance.
The stock is trading over the 200 DMA for the 2nd day in a row for the first time in a year and if the stock holds the $1.70s or higher tomorrow, a golden cross (50 DMA crossing over the 200 DMA) is imminent.
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Management Conference Call and Webcast
Aehr Test Systems will host a conference call and webcast today at 5:00 p.m. Eastern (2:00 p.m. PT) to discuss its fiscal 2019 fourth quarter and full year operating results. To access the call dial (+1 outside the United States) and give the participant pass code 7902515. In addition, a live and archived webcast of the conference call will be available over the Internet at www.aehr.com in the Investor Relations section. A replay of the conference call will also be available via telephone beginning approximately two hours after conclusion of the call through 8:00 p.m. ET on July 25, 2019. To access the replay dial-in information, please click here.