This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Aehr Test Systems Reports Financial Results For Fourth Quarter Fiscal 2013

FREMONT, Calif., July 18, 2013 (GLOBE NEWSWIRE) -- Aehr Test Systems (Nasdaq:AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced financial results for the fourth quarter and fiscal year ended May 31, 2013.

Total net sales were $3.3 million in the fourth quarter of fiscal 2013, flat with $3.3 million in the third quarter of fiscal 2013. Aehr Test reported a net loss of $0.9 million, or $0.08 per diluted share, in the fourth quarter of fiscal 2013. This compares to a net loss of $1.5 million, or $0.16 per diluted share, in the third quarter of fiscal 2013.

Net sales for fiscal year 2013 were $16.5 million, an increase of 6.2% compared with net sales of $15.5 million in fiscal 2012. Net loss for fiscal 2013 was $3.4 million, or $0.36 per diluted share, compared to a net loss of $3.4 million, or $0.38 per diluted share, in fiscal 2012. As of May 31, 2013, the Company's backlog was $9.1 million, compared with $7.3 million at May 31, 2012.

Commenting on the results of the fourth quarter of fiscal 2013, Gayn Erickson, President and CEO of Aehr Test Systems, said, "Sequentially our revenues were basically flat as we continued to experience the industry wide softness that has affected Aehr Test, along with other companies in the semiconductor test space, in the recent past. We were pleased however to have improved our bottom line quarter-over-quarter as a result of improved margins.

"We are continuing to make inroads in advancing our goal of growing our business with both new and existing customers. We are pleased to have announced in late May the first order for multiple production systems of our next generation FOX™ Semiconductor Test System from a leading manufacturer of flash memory devices," added Erickson. "This order is the first of what we believe will be multiple follow-on system orders as this customer ramps capacity worldwide. We currently expect to begin shipping our new FOX systems in the first half of calendar 2014. We are excited to see additional interest from several other customers who are looking at our new FOX products for production functional test, wafer level burn-in and process monitor applications. We believe our new FOX wafer level burn-in and whole wafer functional test products will open up significantly greater market opportunities for Aehr Test."

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,162.99 +121.45 0.67%
S&P 500 2,123.48 +19.28 0.92%
NASDAQ 5,106.5930 +73.8420 1.47%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs