Aehr Test Systems Q1 FY2024 revenue $20.6M, up 93% YoY; GAAP EPS $0.16 vs $0.02

AEHR TEST SYSTEMS

2024-Q1 EPS reported $0.16 revenue$20,624,000

Net revenue $20.6M (+93% YoY); GAAP net income $4.7M ($0.16 diluted EPS).
Non-GAAP net income $5.2M ($0.18 diluted) vs $1.3M ($0.05) a year ago.
Bookings $18.4M for the quarter; backlog $22.3M as of Aug 31, 2023.
Cash from operations $3.9M; total cash $51.0M, up from $47.9M at May 31.
Strength in production wafer level burn-in products for silicon carbide semiconductors.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AEHR TEST SYSTEMS reported first quarter of fiscal 2024 ended August 31, 2023 results: revenue Net revenue was $20.6 million, net income GAAP net income was $4.7 million, EPS $0.16 per diluted share.

Period: first quarter of fiscal 2024 ended August 31, 2023
Revenue: Net revenue was $20.6 million
Net income: GAAP net income was $4.7 million
EPS: $0.16 per diluted share
Result: reported results

Exact text from the filing

burn-in equipment, today announced financial results for its first quarter of fiscal 2024 ended August 31, 2023. Fiscal First Quarter Financial Results: · Net revenue was $20.6 million, up 93% from $10.7 million in the first quarter of fiscal 2023. · GAAP net income was $4.7 million, or $0.16 per diluted share, up from GAAP net income of $589,000, or $0.02 per

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Source: SEC EDGAR

accession 0001654954-23-012655

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