Aehr Test Systems, a leading manufacturer of test and burn-in products for the semiconductor manufacturing industry, announced impressive financial results for the fiscal fourth quarter ended May 31. The company saw significant growth in sales, driven by strong bookings and revenue shipments of their Fox wafer level test and burn-in systems, as well as their WaferPak full waferviews.
Financial Highlights
- Net income for the quarter reached $6.1 million, or 21 cents per share, compared to $5.8 million, or 20 cents per share, in the same period last year.
- Adjusted earnings per share came in at 23 cents, excluding one-time items.
- Net sales soared to $22.3 million, up from $20.3 million in the same period a year ago.
- The company’s backlog as of May 31 stands at an impressive $24.5 million, with an effective backlog of $39.7 million, which includes orders received since the end of the fourth quarter.
Positive Outlook for Fiscal 2024
With an effective backlog of nearly $40 million and a positive forecast from both current and prospective customers, Aehr Test Systems is optimistic about the future. Chief Executive Gayn Erickson expressed confidence as they enter fiscal year 2024.
Aehr Test Systems’ shares rose 2.8% to $42.58 in after-hours trading.