Aehr Test Systems Q2 revenue up 45% YoY to $21.4M, guides FY2024 rev $75-85M

AEHR TEST SYSTEMS

2024-Q2 EPS reported $0.36 revenue$42,055,000

Q2 GAAP net income $6.1M ($0.20 diluted EPS), up 63% YoY from $3.7M ($0.13).
Q2 Non-GAAP net income $6.7M ($0.23 diluted EPS), up 49% YoY from $4.5M ($0.16).
First-half FY2024 revenue $42.1M, up 65% YoY; GAAP net income $10.8M ($0.36 EPS), up 149%.
Revised full-year guidance: revenue $75M-$85M, GAAP net margin 20%-25% of revenue.
Cash and equivalents $50.5M at Nov 30, 2023, vs $51.0M at Aug 31, 2023.

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 full-year fiscal 2024 results: revenue between $75 million and $85 million, net income between 20% and 25% of revenue.

Period: full-year fiscal 2024
Revenue: between $75 million and $85 million
Net income: between 20% and 25% of revenue
Result: guidance update

Exact text from the filing

Aehr Reports Strong Revenue and Earnings Growth for the Second Quarter and First Six Months of Fiscal 2024 Revises full-year fiscal 2024 guidance for revenue to be between $75 million and $85 million, and GAAP net income of between 20% and 25% of revenue

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AEHR TEST SYSTEMS reported first six months of fiscal 2024 ended November 30, 2023 results: revenue Net revenue was $42.1 million, net income GAAP net income was $10.8 million, EPS $0.36 per diluted share.

Period: first six months of fiscal 2024 ended November 30, 2023
Revenue: Net revenue was $42.1 million
Net income: GAAP net income was $10.8 million
EPS: $0.36 per diluted share
Result: reported results

Exact text from the filing

Fiscal First Six Months Financial Results: · Net revenue was $42.1 million, up 65% from $25.5 million in the first six months of fiscal 2023. · GAAP net income was $10.8 million, or $0.36 per diluted share, up 149% compared to GAAP net income of $4.3 million, or $0.15 per diluted share, in the first six months of fiscal 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AEHR TEST SYSTEMS reported second quarter of fiscal 2024 ended November 30, 2023 results: revenue Net revenue was $21.4 million, net income GAAP net income was $6.1 million, EPS $0.20 per diluted share.

Period: second quarter of fiscal 2024 ended November 30, 2023
Revenue: Net revenue was $21.4 million
Net income: GAAP net income was $6.1 million
EPS: $0.20 per diluted share
Result: reported results

Exact text from the filing

Fiscal Second Quarter Financial Results: · Net revenue was $21.4 million, up 45% from $14.8 million in the second quarter of fiscal 2023. · GAAP net income was $6.1 million, or $0.20 per diluted share, up 63% from GAAP net income of $3.7 million, or $0.13 per diluted share, in the second quarter of fiscal 2023.

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Source: SEC EDGAR

accession 0001654954-24-000372

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