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May 31, 2020
Aehr Q4 2020 Earnings Report
Aehr reported a net loss for Q4 2020, impacted by inventory adjustments and restructuring charges, while closing new orders with major customers.
Key Takeaways
Aehr Test Systems reported Q4 net sales of $3.8 million, a GAAP net loss of $2.9 million, and a non-GAAP net loss of $720,000. The company closed new orders with major customers in silicon photonics and with the world's largest OSAT.
Net sales were $3.8 million, compared to $7.2 million in the fourth quarter of fiscal 2019.
GAAP net loss was $2.9 million, or $0.13 per diluted share.
Non-GAAP net loss was $720,000, or $0.03 per diluted share.
Closed new orders with major customers in silicon photonics and with the world's largest OSAT.
Aehr
Aehr
Forward Guidance
For the fiscal year ending May 31, 2021, the Company expects 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.
Positive Outlook
- Expect full year total revenue to be between $25 million and $28 million.
- Revenue would represent growth between 12% and 26% year over year.
- Expect to be profitable for the fiscal year.
- Optimistic about growth in systems and consumables within our installed base of customers
- Expanding the number of customers with our family of FOX-P solutions
Challenges Ahead
- COVID-19 has created challenges such as international travel
- Some small impacts on our supply chain
- Caution and/or delays with some customer production ramps
- Company experienced push outs of customer forecasted orders in its second fiscal half of FY20 for its FOX-P Systems and consumables in data center and some 5G end use applications for Silicon Photonics transceivers.
- These customers have indicated the push outs are temporary