Aehr Test Systems Reports Third Quarter Fiscal 2019 Financial Results


AEHR TEST SYSTEMS AND SUBSIDIARIES
Reconciliation of GAAP and Non-GAAP Results
(in thousands, except per share data)
(unaudited)
            
            
   Three Months Ended Nine Months Ended
   Feb 28, Nov 30, Feb 28, Feb 28, Feb 28,
    2019   2018   2018  2019   2018
            
            
GAAP net (loss) income $(3,201) $(629) $267 $(5,345) $337
Stock-based compensation expense  225   224   242  705   822
Restructuring  607   -   -  607   -
Excess and obsolescence provision  795   -   -  795   -
Non-GAAP net (loss) income $(1,574) $(405) $509 $(3,238) $1,159
            
GAAP net (loss) income per diluted share $(0.14) $(0.03) $0.01 $(0.24) $0.01
Non-GAAP net (loss) income per diluted share   $ (0.07 )   $ (0.02 )   $ 0.02   $ (0.15 )   $ 0.05
Shares used in GAAP diluted shares calculation     22,459       22,294       22,641     22,314       22,838
Shares used in non-GAAP diluted shares calculation     22,459       22,294       22,641     22,314       22,838
   
   
                       
Non-GAAP net (loss) income is a non-GAAP measure and should not be considered a replacement for GAAP results.  Non-GAAP net (loss) income is a financial measure the Company uses to evaluate the underlying results and operating performance of the business.  The limitation of this measure is that it excludes items that impact the Company's current period net income.  This limitation is best addressed by using this measure in combination with net (loss) income (the most directly comparable GAAP financial measure).  These measures are not in accordance with GAAP and may differ from non-GAAP methods of accounting and reporting used by other companies. 
 
We believe these measures enhance investors’ ability to review the company’s business from the same perspective as the company’s management and facilitate comparisons of this period’s results with prior periods.

« Previous Page 1 | 2 | 3 | 4 | 5  Next Page »



Review Article Be the first to review this article
Aldec

Featured Video
Jobs
Senior Software Engineer for EDA Careers at San Jose, California
Senior Account Managers… FORMAL VERIFICATION...VALLEY for EDA Careers at San Jose, California
Senior and (less) Senior Design Verification Engineers for EDA Careers at San Jose and Austin, California
Upcoming Events
Linley Spring Processor Conference at Virtual Event CA - Apr 6 - 9, 2020
Embedded Vision Summit 2020 at Santa Clara Convention Center Santa Clara CA - May 18 - 21, 2020
Sensors Expo & Conference at McEnery Convention Center 150 W. San Carlos Street SAN JOSE CA - Jun 22 - 24, 2020
Nanotech 2020 Conference and Expo at National Harbor MD - Jun 29 - 1, 2020



© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise