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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (4755)	4/18/2017 10:26:06 AM
From: robert b furman	Read Replies (1) \| Respond to of 26710

Hi Kirk, I wonder how these guys exist? FREMONT, Calif., April 13, 2017 (GLOBE NEWSWIRE) -- Aehr Test Systems ( AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced the pricing of its previously announced underwritten public offering of 3,846,154 shares of its common stock at a price to the public of $3.90 per share. In addition, Aehr Test Systems has granted the underwriter a 30-day option to purchase at the public offering price up to an additional 576,923 shares of its common stock to cover over-allotments, if any. All shares of common stock to be sold in the offering will be offered by Aehr Test Systems. The offering is expected to close on April 19, 2017, subject to the satisfaction of customary closing conditions. The total gross proceeds from the offering are expected to be approximately $15 million, assuming no exercise of the underwriter’s over-allotment option. Aehr Test Systems intends to use the net proceeds from the offering (after deducting the underwriting discount and other estimated offering expenses payable by Aehr Test Systems) for general corporate purposes They are serial losers: HighlightsSummary numbers: Revenues of USD 2.68 million, Net Earnings of USD -2.65 million.Gross margins widened from 10.08% to 18.76% compared to the same period last year, operating (EBITDA) margins now -89.63% from -165.12%.Year-on-year change in operating cash flow of -257.38% is about the same as the change in earnings, likely no significant movement in accruals or reserves.Earnings growth from operating margin improvements as well as one-time items.The table below shows the preliminary results and recent trends for key metrics such as revenues and net income growth: Market Share Versus Profits AEHR-US‘s change in revenue this period compared to the same period last year of 59.87% is almost the same as its change in earnings, and is about average among the announced results thus far in its peer group, suggesting that AEHR-US is holding onto its market share. Also, for comparison purposes, revenues changed by -36.41% and earnings by -82.58% compared to the immediate last period. Market Share Versus Profits AEHR-US‘s change in revenue this period compared to the same period last year of 59.87% is almost the same as its change in earnings, and is about average among the announced results thus far in its peer group, suggesting that AEHR-US is holding onto its market share. Also, for comparison purposes, revenues changed by -36.41% and earnings by -82.58% compared to the immediate last period. I think they are a great candidate for a short to zero. The stock sale was at 3.90 and the stock is trading above that at $4.45 today???