Aehr Test Systems (AEHR) shares soared 15.61% in after-hours on Thursday, July 8, 2021, and closed the trading at $2.74 per share. Earlier in the morning session, AEHR’s stock lost 2.47% to close Thursday’s normal trading session at $2.37 per share. AEHR shares have risen 22.16% over the last 12 months, and they have moved down 14.13% in the past week. Over the past three months, the stock has lost 10.90%, while over the past six months, it has declined 4.05%.
Let’s discuss AEHR recent news and developments.
Upcoming financial result announcement
Aehr Test Systems will announce financial results for its fiscal 2021 fourth quarter and full-year ended May 31, 2021, on Thursday, July 15, 2021, following the close of the market. The Company will host a conference call and webcast at 5:00 p.m. Eastern time to discuss the results.
New recent expanded Order for FOX-XP™ System
On July 08, 2021, Aehr Test Systems received a $2.9 million follow-on order for a FOX-XP™ Wafer Level Test and Burn-in system and multiple WaferPak™ Contactors from its lead silicon carbide customer to provide additional capacity for production test and burn-in of the customer’s line of silicon carbide devices. This system is expected to ship during Aehr’s current fiscal first quarter ending August 31, 2021.
New order for WaferPak™ Contactors
On June 29, 2021, Aehr Test Systems received orders totalling $1.4 million for WaferPak™ Contactors from its lead silicon carbide customer for production test and burn-in of the customer’s line of silicon carbide devices. The orders include additional WaferPaks to meet the production capacity of previously designed and qualified WaferPaks as well as another new silicon carbide design win.
Participation in the recent investor conferences
Aehr Test Systems recently participated in the 13th Annual CEO Summit, which held virtually on June 15, 2021. The company was presented by President and CEO Gayn Erickson and CFO Ken Spink.
The company also took part in the 18th Annual Craig-Hallum Institutional Investor Virtual Conference which held on Wednesday, June 2, 2021. Aehr Test President and CEO Gayn Erickson and CFO Ken Spink had virtual meetings with investors throughout the day.
Follow-on Order for FOX-XP™ System
On June 01, 2021, Aehr Test Systems said that it received and shipped a follow-on order totalling more than $2.3 million from its lead silicon carbide customer for a FOX-XP Wafer Level Test and Burn-in system for high volume production test and burn-in of the customer’s line of silicon carbide devices. This system shipped during Aehr’s fiscal fourth quarter that ended May 31, 2021.
New board member
Aehr Test Systems appointed FaribaDanesh to its board of directors, effective May 10, 2021.
Conclusion
In our opinion, the recent FOX-XP™ System order was the reason behind its turnaround in the after-hours on Thursday and we are pretty confident that AEHR stock will close the week by continuing its surge on Friday as well.
