These risks and uncertainties include without limitation, world economic condition, the state of the semiconductor equipment market, acceptance by customers of Aehr Test’s technologies, acceptance by customers of the system shipped upon receipt of a purchase order, the ability of new products to meet customer needs or performance described, the company’s development, manufacturing and marketing of a commercially successful wafer-level test and burn-in system, and the potential emergence of alternative technology, these of which could adversely affect demand for Aehr Test products in the calendar year of 2011.
We refer you to our most recent 10-K, 10-Q and other reports from time to time filed with the U.S. Securities and Exchange commission for more a more detailed description of the risks facing our business and factors that could cause actual results to different materially from projected results.
The company disclaims any obligation to update information contained in any forward-looking statement to reflect events or circumstances occurring after the date of this conference call.
Now, I’d like to introduce our Chairman and CEO, Rhea Posedel. Rhea.Rhea Posedel Thank you, Gary. Happy New Year, everyone. Good afternoon, and welcome to our conference call for the second quarter of Fiscal Year 2011. Net sales for the second quarter of Fiscal 2011 were $3.6 million, up 65% on a sequential-quarter basis compared to net sales of $2.2 million in the first quarter Fiscal 2011. The net loss for the quarter was $759,000 or $0.09 per diluted share, which is an improvement from the prior quarter’s loss of $1.5 million or $0.17 per diluted share. During the second quarter, we benefited from a significant increase in shipments of our FOX-1 WaferPak contactors for full wafer-sort testing of NOR Flash. In March, we announced receiving about $2 million in FOX-1 WaferPak contactor orders from a leading NOR Flash producer. This is good news because WaferPaks are consumables and new orders are driven mostly by new wafer designs.