Aehr Test Systems (AEHR) Tops Q2 EPS by 8c, Maintains Guidance

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Go back to Aehr Test Systems (AEHR) Tops Q2 EPS by 8c, Maintains Guidance

Aehr Test Systems Reports 89% Revenue Growth Year over Year in First Quarter of Fiscal 2023 on Strength of Wafer Level Test and Burn-in of Silicon Carbide Devices used in Electric Vehicles

October 6, 2022 4:06 PM EDT

FREMONT, Calif., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Aehr Test Systems (NASDAQ: AEHR), a worldwide supplier of semiconductor test and reliability qualification equipment, today announced financial results for its first quarter of fiscal 2023 ended August 31, 2022.

Fiscal First Quarter Financial Results:

Net sales were $10.7 million, up 89% from $5.6 million in the first quarter of fiscal 2022.GAAP net income was $589,000, or $0.02 per diluted share, compared to GAAP net income of $696,000, or $0.03 per diluted share, in the first quarter of fiscal 2022, which includes the impact of forgiveness of $1.7 million in loans from the... More