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Aug 31, 2020
Aehr Q1 2021 Earnings Report
Aehr Test Systems reported financial results for the first quarter of fiscal year 2021, maintaining financial guidance for growth and profitability.
Key Takeaways
Aehr Test Systems reported net sales of $2.0 million and a GAAP net income of $107,000 for the first quarter of fiscal 2021. The company maintains its expected full year total revenue to be between $25 million and $28 million, and to be profitable for the fiscal year.
Net sales were $2.0 million, compared to $5.5 million in the first quarter of fiscal 2020.
GAAP net income was $107,000, or $0.00 per diluted share, compared to a GAAP net loss of $413,000, or $0.02 per diluted share, in the first quarter of fiscal 2020.
Non-GAAP net loss was $2.0 million, or $0.09 per diluted share.
Backlog as of August 31, 2020 was $1.2 million.
Forward Guidance
For the fiscal year ending May 31, 2021, Aehr maintains its expected full year total revenue to be between $25 million and $28 million, which would represent growth between 12% and 26% year over year, and to be profitable for the fiscal year.
Historical Earnings Impact
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