Aehr Test Systems reports record Q3 revenue $15.3M, up 190% YoY, swinging to profit

AEHR TEST SYSTEMS

2022-Q3 EPS reported $0.13 revenue$30,540,000

Net sales $15.3M, up 190% from $5.3M in Q3 FY2021; driven by wafer test and burn-in demand for electric vehicles.
GAAP net income $2.2M ($0.08 diluted EPS) vs GAAP net loss of $735K ($0.03 loss EPS) a year ago.
Non-GAAP net income $4.1M ($0.14 diluted EPS), excluding $880K stock-based comp and $1.0M inventory adjustment.
Bookings $6.0M in quarter; backlog $26.9M at Feb 28, 2022; effective backlog over $30M including post-quarter orders.
First nine months net sales $30.5M, up 241% from $9.0M; GAAP net income $3.7M ($0.13 EPS) vs year-ago loss.

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