Aehr Test Systems (NASDAQ: AEHR) is up 3.11% in the pre-market trading session at the price of $6.30 despite any recent update.
Received $10.8 Million Order and Burn-in of Silicon Carbide Power Semiconductors:
AEHR announced Jul. 19 that a silicon carbide test and burn-in company had placed a $10.8 million purchase order to buy multiple FOX-XP systems and full sets of WaterPak Contactors. This customer is among the Fortune 500’s largest semiconductor appliance suppliers that also has a significant customer base in the automotive semiconductor market. WaferPaks and FOX systems are scheduled to ship within six months.
Fiscal Fourth Quarter& Full-Year 2021 Financial Results:
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On 16th July 2021, AEHR released financial results for its fiscal 2021 fourth quarter and full-year ended 31st May 2021.
Net income for the fourth quarter was $567,000 or $0.02 per diluted share. Net loss of $2.9 million or $0.13 per diluted share was reported in the fourth quarter of 2020.Net loss for the full fiscal year was $2.0 million or $0.09 per diluted share. Net loss of $2.8 million or $0.12 per diluted share was reported in the fiscal year 2020.
CEO Gayn Erickson commented that they are motivated by the potential increase in customer demand during the quarter. It is a positive U-turn from customer output ramp delays and pushouts that they encountered due to COVID-19 this year. They are off to a great start for fiscal 2022 with $5.4 million in bookings and a substantial backlog of $7 million quarter to date, he added.
Received $2.9 Million Order and Burn-in of Silicon Carbide Power Semiconductors:
On 8th July 2021, AEHR acquired a $2.9 million follow-on order for the FOX-XP system and Multiple WaferPak Contactors for production test and Burn-In of Silicon Carbide devices. Earlier on 29th June 2021, Aehr received $1.4 million in orders for Full-Wafer WaferPak Contactors and Burn-in of Silicon Carbide devices.