secwatch.observer — SEC 8-K summary
======================================

Issuer:     AEHR TEST SYSTEMS (AEHR)
CIK:        0001040470
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0001654954-22-004342
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040470/000165495422004342/0001654954-22-004342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040470/000165495422004342/aehr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-004342

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer