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Thursday, May 26, 2022

Aehr Test Systems (AEHR) Stock Surges Following Stellar Financial Reports for Fiscal Q1 2022

Aehr Test Systems (AEHR) stock prices were down by 1.01% as of the market closing on September 23rd 2021. This brought the price per share down to USD$11.78 at the end of the trading day. Subsequent premarket fluctuations have seen the stock rise by 23.17%, bringing it up to USD$2.73.

AEHR Stock’s Stellar Financials

AEHR stock reported net sales for the first quarter of fiscal 2022 in the amount of USD$5.6 million. This is a 181% increase from the USD$2 million in the first quarter of fiscal 2021. GAAP net income came in at USD$696,000, representing a net income of USD$0.03 per diluted share. This includes the impact of the writing off of USD$1.7 million in loans from the Paycheck Protection Program it received in fiscal 2020. This report is comparable to the GAAP net income of USD$107,000 reported in the prior year quarter. fiscal Q1 2020 represented a GAAP net income of USD$0.00 per diluted share. The fiscal 2021 reports were largely driven by the impact of a USD$2.4 million gain. The gain was related to the closure of AEHR stock’s Japan subsidiary during the quarter.

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Continued Contracts

The company has continued to report strong bookings, including several substantial orders received over the past few months. The orders came from AEHR stock’s lead silicon carbide test and burn-in customer for its FOX-XP systems and WaferPak Contractors. The order was made to support testing of silicon carbide power devices for electric vehicles. Each of the silicon carbide-focused FOX-XP systems is designed to test eighteen silicon carbide wafers in parallel in the footprint of a typical single wafer test solution. This testing is done concurrent to contacting and testing 100% of the devices in parallel on each wafer.

Trajectory of Success

The customer is a Fortune 500 major automotive semiconductor supplier. AEHR stock anticipates collaborating closely with the client to facilitate the achievement of test and burn-in requirements and capacity needs. Further orders are expected for additional FOX systems and WaferPaks over the course of the fiscal year. The company also expects a significant number of systems and WaferPaks over the next several years.

Future Outlook for AEHR Stock

The company reported a promising quarter, as evidenced by the strength of its financial reports for the start of the fiscal 2022 year. AEHR stock is poised to capitalize on the opportunities afforded to it as a result of the momentum generated. Current and potential investors are hopeful that management will be able to effectively leverage the resources at their disposal. This is hoped to facilitate significant and sustained increases in shareholder value.

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