David S. Hendrickson
Mr. David S. Hendrickson retired as an officer of the Company on May 31, 2023.
Highest-materiality recent filing
Aehr Test Systems reports Q4 revenue $18.8M, record bookings $60.7M; guides FY2027 revenue $130-150M
Q4 net revenue $18.8M vs $14.1M YoY; GAAP net income $1.4M ($0.04 diluted) vs loss of $2.9M.
Aehr Test Systems fully utilizes ATM equity program, raises $60M gross proceeds
Completed sales of common stock under at-the-market offering, aggregate gross proceeds of ~$60.0 million.
AEHR Test Systems enters $60M at-the-market equity distribution agreement
Up to $60M of common stock may be sold from time to time through agents William Blair and Craig-Hallum.
Aehr Test Systems Q3 revenue $10.3M, bookings $37.2M; guides H2 at high-end of $60-80M
Net revenue $10.3M vs $18.3M YoY; GAAP net loss $(3.2)M ($(0.10)/diluted) vs $(0.6)M loss ($(0.02)) YoY.
Aehr Test Q2 FY2026: revenue $9.9M (-27% YoY), GAAP loss $(3.2)M, reinstates guidance
Net revenue $9.9M, down 27% from $13.5M YoY; GAAP net loss $(3.2)M ($0.11/share) vs $(1.0)M loss ($0.03/share).
Stockholders approve increases to share reserves under ESPP and 2023 Equity Plan
ESPP share reserve increased to 1,882,144 shares.
Aehr shareholders approve equity plan increases and ratify auditor
All six director nominees elected; votes for ranged from 11.95M to 12.79M; no change in board composition.
Aehr Test Systems Q1 revenue down 16% YoY to $11M; posts GAAP loss
Revenue $11.0M, down from $13.1M in Q1 FY2025.
Aehr Test Systems Q4 revenue $14.1M, GAAP loss $(0.10)/share; full year revenue $59.0M
Net revenue $14.1M in Q4 FY2025, down from $16.6M YoY; full year $59.0M vs $66.2M.
Aehr Test Systems Q3 revenue up 141% to $18.3M, but withdraws guidance on tariff uncertainty
Net revenue $18.3M vs $7.6M YoY; GAAP EPS $(0.02) vs $(0.05) YoY.
Aehr Test Systems adopts amended bylaws with advance notice provisions for stockholder meetings
Board approved amended and restated bylaws on Feb 24, 2025, effective immediately.
Aehr Test Systems Q2 revenue falls to $13.5M; GAAP net loss $0.03/share; reaffirms FY guidance
Net revenue $13.5M, down from $21.4M in Q2 FY2024 (-37% YoY).
All six nominees elected: Rhea J. Posedel, Gayn Erickson, Fariba Danesh, Laura Oliphant, Geoffrey G. Scott, Howard T. Slayen.
Aehr Test Systems Q1 revenue $13.1M, down 36% YoY; GAAP EPS $0.02 vs $0.16
Net revenue $13.1M (down 36% YoY from $20.6M); GAAP net income $0.7M ($0.02 EPS) vs $4.7M ($0.16).
Aehr Test Systems enters new severance agreements with CEO, CFO, and other executives
CEO Gayn Erickson: 24 months salary, 200% target bonus, full equity acceleration on change-in-control termination.
Aehr Test Systems completes acquisition of Incal Technology for $21M
Total purchase price $21.0M: $14.0M cash + $7.0M in Aehr common stock.
Aehr Test Systems acquires Incal Technology for $21M to bolster AI semiconductor test market
Purchase price: $14M cash + 552,355 shares of Aehr common stock valued at $7M ($12.673/share).
Aehr Test Systems Reports Fiscal Q4 2024 Revenue $16.6M, Full Year Record Revenue $66.2M
Net revenue for Q4 fiscal 2024 was $16.6 million, down from $22.3 million in Q4 fiscal 2023.
Aehr Test Systems Q4 revenue ~$16.6M, FY revenue ~$66.2M, beats guidance
Q4 GAAP net income ~$23.8M includes $20.8M tax benefit from releasing valuation allowance.
Company posted an updated corporate presentation on its website on May 29, 2024.
Aehr Q3 revenue $7.6M, GAAP loss $0.05/sh; reiterates FY24 guidance
Net revenue $7.6M, down 56% YoY from $17.2M in Q3 FY23.
Aehr Test Systems terminates Loan Agreement with Silicon Valley Bank; no outstanding balance
Loan and Security Agreement with Silicon Valley Bank terminated effective January 4, 2024.
Aehr Test Systems Q2 revenue up 45% YoY to $21.4M, guides FY2024 rev $75-85M
Q2 GAAP net income $6.1M ($0.20 diluted EPS), up 63% YoY from $3.7M ($0.13).
Six directors re-elected; Rhea Posedel received 9,001,500 for, 5,779,054 withheld; others had higher tallies.
Aehr Test Systems Q1 FY2024 revenue $20.6M, up 93% YoY; GAAP EPS $0.16 vs $0.02
Net revenue $20.6M (+93% YoY); GAAP net income $4.7M ($0.16 diluted EPS).
Aehr Test Systems sets FY2024 executive comp; CTO Hendrickson retired May 31
CEO Erickson base salary $456k; annual equity award 25,239 RSUs plus performance shares up to 45,078 total.
Q4 revenue $22.3M (record), GAAP EPS $0.21, non-GAAP EPS $0.23.
Aehr Test Systems CTO David Hendrickson retires; no replacement planned
David S. Hendrickson retired as Chief Technology Officer effective May 31, 2023.
Aehr Test Systems appoints Chris Siu as CFO effective June 1, 2023; Ken Spink retiring
Chris Siu becomes EVP of Finance, CFO, and Secretary, effective June 1, 2023.
CFO Kenneth B. Spink to retire after fiscal year-end; successor search underway
Kenneth B. Spink notified Aehr Test Systems on March 28, 2023 of his plan to retire.
Aehr Test Systems reports record quarterly bookings of $33.3M; Q3 net sales up 13% YoY
Net sales $17.2M, up 13% from $15.3M in Q3 FY2022.
Aehr Test Systems discloses <$2.5M at failed SVB, no impact expected
Cash at SVB: $2.37M, less than 6% of total $41.8M cash & short-term liquid assets.
Aehr Test Systems launches up to $25M ATM stock offering; prior agreement terminated
Entered equity distribution agreement with William Blair and Craig-Hallum for up to $25M of common stock via ATM offering.
Mario Rosati retired from the board effective January 24, 2023, voluntarily and without disagreement.
Extended Revolving Line Maturity Date to January 13, 2024 under Third Amendment with Silicon Valley Bank.
Aehr Test Systems Q2 FY2023 revenue up 54% to $14.8M; GAAP EPS $0.13, Non-GAAP EPS $0.16
Net sales $14.8M, up 54% YoY from $9.6M; GAAP net income $3.7M ($0.13 diluted EPS) vs $717K ($0.03) YoY.
Aehr Test Systems extends HQ lease through Sept 2030; base rent rises to $88,474/month
Lease extension of 86 months from Aug 1, 2023 to Sep 30, 2030, with a 5-year renewal option.
Aehr Test Systems annual meeting: all four shareholder proposals pass
Seven directors elected, including Rhea Posedel, Gayn Erickson, Fariba Danesh, Laura Oliphant, Mario Rosati, Geoffrey Scott, Howard Slayen.
Aehr Test Systems Q1 FY2023 revenue $10.7M, up 89% YoY; non-GAAP EPS $0.05
Net sales of $10.7M versus $5.6M in Q1 FY2022, an 89% increase.
Aehr Test Systems boosts 2023 base salaries and equity awards for CEO, CFO, EVP Sales
CEO Gayn Erickson salary raised to $359,000; receives 82,500 annual shares + up to 55,000 performance shares; bonus target 74.3%.
Aehr Test Systems reports record Q4 revenue $20.3M, up 166% YoY; GAAP EPS $0.20
Q4 net sales $20.3M (+166% YoY); GAAP net income $5.8M ($0.20 diluted EPS).
Aehr Test Systems appoints Adil Engineer as COO effective April 6, 2022
Adil Engineer, age 45, named Chief Operating Officer; David Fucci remains through May 31, 2022 to assist transition.
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.
Aehr Test Systems VP of Operations resigns; appoints David Fucci as interim
Michael A. Brannan voluntarily terminated as VP of Operations effective Jan 21, 2022.
Revolving line increased to lesser of $10M or borrowing base; up to $3M available against eligible purchase orders.
Aehr Test Systems reports record Q2 bookings of $29.1M; revenue up 471% YoY
Net sales of $9.6M, up 471% from $1.7M YoY; GAAP net income $717K ($0.03 diluted EPS) vs loss of $2.0M.
Aehr Test Systems shareholders elect directors, approve bylaw and equity plan amendments
All 7 director nominees elected; votes ranged from 8.15M to 8.74M for, with 7.42M broker non-votes.
Aehr Test Systems changes director compensation to dollar-based annual grants
Chairman receives $60,000 annual option or RSU grant, was 25,000 shares.
Aehr Test Systems reports record Q1 bookings; raises FY2022 guidance ~80% on EV chip test demand
Record bookings in Q1 fiscal 2022 ended August 31, 2021.
AEHR Test Systems enters $25M at-the-market equity offering agreement with Craig-Hallum
Up to $25M of common stock may be sold at-the-market through agent Craig-Hallum Capital Group.
Mr. David S. Hendrickson retired as an officer of the Company on May 31, 2023.
On May 31, 2023, David S. Hendrickson, the Company’s Chief Technology Officer, retired from the Company.
Mr. Siu will replace Kenneth B. Spink who will remain through his retirement on August 31, 2023 to assist in the transition.
On May 8, 2023, the Board of Directors (the "Board") of Aehr Test Systems (the "Company") appointed Chris Siu as the Company's Executive Vice President of Finance, Chief Financial Officer and Secretary, effective upon his hire date of June 1, 2023.
On March 28, 2023, Kenneth B. Spink, the Company’s Chief Financial Officer (“CFO”), notified the Company of his intention to retire after the end of current fiscal year end reporting.
On January 24, 2023, Mario Rosati retired as a director of Aehr Test Systems (the "Company").
On March 28, 2022, the Board of Directors (the "Board") of Aehr Test Systems (the "Company") appointed Adil Engineer as the Company's Chief Operating Officer, effective April 6, 2022.
On January 21, 2022, Michael A Brannan, the Vice President of Operations of Aehr Test Systems (the “Company”), voluntarily terminated his employment with the Company.
The Company appointed David Fucci as Interim Vice President of Operations of the Company effective upon Mr. Brannan’s termination.
Max materiality 0.90 · Median 0.55 · Most common event earnings