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May 31, 2021
Aehr Q4 2021 Earnings Report
Aehr Test Systems returned to above pre-pandemic revenues.
Key Takeaways
Aehr Test Systems reported a strong fourth quarter with a 102% increase in net sales compared to the previous year. The company is optimistic about future growth, driven by the demand for silicon carbide devices in the electric vehicle market.
Net sales were $7.6 million, up 102% from the fourth quarter of fiscal 2020.
GAAP net income was $567,000, or $0.02 per diluted share, compared to a GAAP net loss of $2.9 million, or $0.13 per diluted share in the fourth quarter of 2020.
Non-GAAP net income was $870,000, or $0.04 per diluted share, compared to a non-GAAP net loss of $720,000, or $0.03 per diluted share in the fourth quarter of 2020.
Bookings were $5.5 million for the quarter, up 113% from $2.6 million in the fourth quarter of fiscal 2020.
Forward Guidance
For the fiscal year ending May 31, 2022, Aehr expects full year total revenue to be greater than $28 million, which would represent growth of approximately 70% year over year, and to be profitable for the fiscal year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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