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Aug 30, 2024
Aehr Q1 2025 Earnings Report
Aehr Test Systems reported financial results for the first quarter of fiscal year 2025, showing revenue of $13.1 million and a GAAP net income of $0.7 million.
Key Takeaways
Aehr Test Systems announced its Q1 2025 financial results, with revenue reaching $13.1 million and GAAP net income at $0.7 million. The company reaffirmed its full-year guidance, highlighting the importance of silicon carbide wafer level burn-in test systems and full wafer contactors.
Net revenue was $13.1 million, compared to $20.6 million in the first quarter of fiscal 2024.
GAAP net income was $0.7 million, or $0.02 per diluted share, compared to $4.7 million, or $0.16 per diluted share, in the first quarter of fiscal 2024.
Non-GAAP net income was $2.2 million, or $0.07 per diluted share, compared to $5.2 million, or $0.18 per diluted share, in the first quarter of fiscal 2024.
Bookings were $16.8 million for the quarter and Backlog as of August 30, 2024 was $16.6 million.
Forward Guidance
Aehr is reiterating its previously provided guidance for total revenue of at least $70 million and net profit before taxes of at least 10% of revenue for the fiscal year ending May 30, 2025.
Positive Outlook
- Silicon carbide wafer level burn-in test systems and full wafer contactors are poised to be key contributors to revenue again this year.
- Forecasting material bookings and revenue contributions from several other markets this fiscal year.
- Electric vehicle (EV) suppliers are clearly moving towards silicon carbide in integrated modules.
- Optimistic about silicon carbide business and expect it to gain momentum over the next few quarters.
- Expect hard disk drive customer ramp-up to drive orders for multiple FOX-CP production systems and WaferPak Contactors.
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