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Aehr Test Systems F4Q 2010 (Qtr. End 06/30/2010) Earnings Call Transcript

I am pleased that we increased our fiscal 2010 year-end cash balance to $7.8 million, up from $4.4 million at the beginning of the fiscal year.

A major highlight during the fourth quarter was the acceptance by Micronas of their second production FOX-15 wafer-level burn-in system. This is important for Aehr Test as it is evidence of Micronas' commitment to their wafer-level burn-in strategy. We are hopeful that as their [automotive] IC business grows Micronas will purchase additional FOX products during this current fiscal year.

Another fourth quarter highlight was that we shipped several FOX-1 WaferPack contactors supporting Spansion's growing embedded NOR flash business. I am encouraged that Spansion has resumed buying WaferPack contactors again after a year-long dry spell.

I'm also pleased that during the fourth quarter we booked an order from a top tier test lab for ABTS high power logic burn-in system. We are targeting the high power logic burn-in market up to 70 watts per device with our new ABTS L56I system. This order is an important win for Aehr Test because it is our first order of an ABTS system that supports individual temperature control per device.

This should increase our visibility and credibility with other potential customers in this new market segment. We are partnering with Wells-CTI and using their iSocket Thermal Management technology in this high power ABTS system.

Our field data shows that ABTS system offers both higher capacity and cost saving advantages which should allow us to gain share in the high power logic burn-in market. This is a growing market because as process feature size continues to decrease device burn-in leakage current and power increases.

Our challenge in fiscal 2011 is to grow revenue for both ABTS package device and FOX wafer-test and burn-in systems.

Read the rest of this transcript for free on seekingalpha.com

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