Aehr Q1 2021 Earnings Report
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.
Aehr
Aehr
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.