Aehr Test Systems Reports Strong Q4 Results with EPS $0.84, Sales $16.6M, Stock Rises 16.65%

Aehr Test Systems has reported strong fourth-quarter results, significantly surpassing market expectations. The company posted an EPS of $0.84, far exceeding the estimated $0.10, and achieved sales of $16.6 million against an expected $15.44 million. Despite a lower net revenue of $16.6 million compared to $22.3 million in the fourth quarter of fiscal 2023, Aehr's GAAP net income stood at $23.9 million, or $0.81 per diluted share, benefiting from a tax release. Additionally, Aehr received $12.7 million in orders for its FOX WaferPak Full Wafer Contactors. The CEO highlighted that full-year revenue and net income results exceeded guidance and surpassed analyst consensus. The stock rose 16.65% in after-hours trading. For FY'24, the company expects revenue of at least $70 million and net profit before taxes to be at least 10% of revenue.