
$FTG.TO reported record financial results for the third quarter of 2024, with bookings increasing by 29% year-over-year, revenue rising by 18%, EBITDA up by 45%, and net income soaring by 109%. The strong performance is attributed to a recent acquisition. Following the acquisition of $HRX.TO by Platinum, $FTG.TO has emerged as an attractive investment opportunity, trading at only 7 times EBITDA. In a separate report, $AEHR also posted a strong performance, with Q1 revenue of $13.1 million, exceeding estimates of $12.2 million. The company reported earnings per share (EPS) of $0.07, compared to an expected $0.02. Despite a decline in net revenue from $20.6 million in Q1 FY24, the CEO expressed optimism about the companyโs fiscal year start, and shares rose by 12% in after-hours trading. $AEHR's bookings were reported at $16.8 million, an increase from a previous announcement of $12.7 million, with expectations for future orders in silicon carbide, GaN, and AI.
Aehr Test Systems CEO: "We finished the first quarter with revenue and non-GAAP net income ahead of consensus estimates and are off to a good start to our fiscal year." $AEHR: +13% Pre-Market More: https://t.co/X5ESiGhobg https://t.co/DXKl5XxGCS
$AEHR | Post Market: +12% | Aehr Test Systems Q1 Earnings Report: Revenue: $13.1M ๐, GAAP EPS: $0.02 ๐, Non-GAAP EPS: $0.07 ๐. Guidance reaffirmed. ๐ Business Highlights: โก๏ธ ๐๐๐ญ ๐ซ๐๐ฏ๐๐ง๐ฎ๐ decreased to $13.1M from $20.6M in Q1 FY24. โก๏ธ ๐๐จ๐ง-๐๐๐๐ ๐ง๐๐ญโฆ https://t.co/wn1QBAfsXa
$AEHR +10.7% AH on a decent beat. No position. I would like to see that revenue tick higher. 8-9X sales, but perhaps the worst is behind it? Ty @SavvyTrader for the visual https://t.co/RKksI7b8V8

