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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%Dec 5 4:00 PM EST
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To: Julius Wong who wrote (91614)3/25/2024 8:59:43 AM
From: Julius Wong1 Recommendation

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Aehr Test dips after Q3 guidance falls short of consensus

Mar. 25, 2024 8:25 AM ET
By: Mary Christine Joy, SA News Editor

MCCAIG

  • Aehr Test Systems (NASDAQ: AEHR) fell ~16% Monday pre-market after the semiconductor test and burn-in equipment company said that its Q3 revenue is estimated to be ~$7.6M, vs. consensus of $14.32M.
  • The company said the preliminary results reflect delays in wafer level burn-in system orders for semiconductor devices used in electric vehicles that have created a short-term gap in revenue and profitability.
  • The company expects GAAP net loss of ~$1.5M to $1.8M, or $0.05 to $0.06 per diluted share.
  • Non-GAAP net loss is estimated to be ~$0.9M to $1.2M, or $0.03 to $0.04 per diluted share.
  • Additionally, the company announced bookings of $24.5M and backlog as of Feb. 29 of $20M.
  • For FY24, Aehr Test Systems expects revenue of at least $65M, vs. consensus of $77.43M.
  • GAAP net income is estimated to be ~$11M or more, or $0.38 per diluted share.
  • Non-GAAP net income should be ~$14M or more, or $0.48 per diluted share.
  • The company will release its Q3 results on April 9.
  • Source: Press Release
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