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Feb 28, 2022
Aehr Q3 2022 Earnings Report
Aehr reported record revenue driven by demand for electric vehicles.
Key Takeaways
Aehr Test Systems reported a strong third quarter with record revenue of $15.3 million, a 190% increase year-over-year. GAAP net income was $2.2 million, or $0.08 per diluted share, and non-GAAP net income was $4.1 million, or $0.14 per diluted share. The company's backlog as of February 28, 2022, was $26.9 million, with an effective backlog over $30 million.
Net sales were $15.3 million, up 190% from $5.3 million in the third quarter of fiscal 2021.
GAAP net income was $2.2 million, or $0.08 per diluted share compared to a GAAP net loss of $735,000, or $0.03 per diluted share, in the third quarter of fiscal 2021.
Non-GAAP net income was $4.1 million, or $0.14 per diluted share.
Bookings were $6.0 million for the quarter ended February 28, 2022.
Forward Guidance
Aehr is reiterating its previously provided guidance for full year total revenue of at least $50 million, and to be profitable for the fiscal year at these revenue levels based upon its operating model.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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