Aehr Test Systems (AEHR) shares declined 5.24% in after-hours on Friday, September 3, 2021, and closed the weekly trading at $7.95. However, in the regular trading session of Friday, AEHR’s stock gained 11.42%. AEHR shares have risen 346.28% over the last 12 months, and they have moved up 11.57% in the past week. Over the past three months, the stock has gained 206.20%, while over the past six months, it has gained 258.55%.
Let’s have a brief look at its recent developments.
AEHR received the new order
On August 31, 2021, Aehr Test Systems (AEHR) received initial orders totalling nearly $1.2 million from a new customer in China for its FOX-P™ test and burn-in solution for the production test of silicon photonics devices. This new customer will also be providing contract manufacturing services to an existing customer of Aehr Test as that customer ramps production in China as well as other international markets.
AEHR new order of WaferPaks
On August 24, 2021, Aehr Test Systems (AEHR) received purchase orders totalling $3.0 million from its lead silicon carbide test and burn-in customer for multiple WaferPak™ Contactors and a FOX WaferPak Aligner to meet their increased production capacity needs for power semiconductors for the electric vehicle market. This customer is a leading Fortune 500 supplier of semiconductor devices with a significant customer base in the automotive semiconductor market. These WaferPaks and the WaferPak Aligner are expected to ship within the next six months to accompany the previously ordered FOX-XP systems announced last month.
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.
AEHR new multiple FOX-XP™ systems orders
On July 19, 2021, Aehr Test Systems (AEHR) received a $10.8 million single purchase order from its lead silicon carbide test and burn-in customer for multiple FOX-XP™ systems and full sets of WaferPak™ Contactors to meet their increased production capacity needs. automotive semiconductor market.
AEHR recent financial results announcement
On July 15, 2021, Aehr Test Systems announced financial results for its fiscal 2021 fourth quarter, and full-year ended May 31, 2021.
Q4 2021 financial highlights
- AEHR reported net sales of 6 million in Q4 2021 compared to $3.8 million in the fourth quarter of fiscal 2020.
- Total operating expenses were $2.93 million in Q4 2021 compared to $2.75 million in Q4 2020.
- In Q4 2021, GAAP net income was $567,000, or $0.02 per diluted share, compared to a GAAP net loss of $2.9 million, or $0.13 per diluted share in Q4 2020.
FY 2021 financial highlights
- it reported net sales of 16.6 million in fiscal 2020, compared to $22.3 million in fiscal 2020.
- Total operating expenses were $10.23 million in FY 21 compared to $11.13 million in FY 20.
- the company suffered a GAAP net loss of 0 million in FY 2021 compared to a GAAP net loss of $2.8 million, or $0.12 per diluted share in FY 2020.
Conclusion
Well, as of this writing we have no valid reason behind its mixed performance on Friday. Let’s see how it performs on Tuesday after the long weekend.
