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Nov 30, 2019
Aehr Q2 2020 Earnings Report
Aehr Test Systems reported a sequential revenue growth and a return to profitability.
Key Takeaways
Aehr Test Systems announced financial results for the second quarter of fiscal 2020, with net sales of $6.9 million, up 16% from the previous year and 24% sequentially. The company reported GAAP net income of $251,000, or $0.01 per diluted share, and non-GAAP net income of $456,000, or $0.02 per diluted share. They also reiterated guidance for significant growth for fiscal year 2020.
Net sales were $6.9 million, up 16% year-over-year and 24% sequentially.
GAAP net income was $251,000, or $0.01 per diluted share.
Non-GAAP net income was $456,000, or $0.02 per diluted share.
Backlog as of November 30, 2019 was $6.5 million.
Forward Guidance
For the fiscal year ending May 31, 2020, the company reiterates its previously provided guidance for full year total revenue to be between $27 million and $31 million, which would represent growth between 28% and 47% year over year, and to be profitable for the fiscal year.
Historical Earnings Impact
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