Aehr Test Systems Reports 24% Sequential Revenue Growth in Second Quarter and Reiterates Guidance for Significant Growth for Fiscal 2020

Contacts: 
  
Aehr Test Systems  MKR Investor Relations Inc.
Ken Spink Todd Kehrli or Jim Byers
Chief Financial Officer Analyst/Investor Contact
(510) 623-9400 x309(323) 468-2300
Email Contact  



AEHR TEST SYSTEMS AND SUBSIDIARIES
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)
 
   Three Months Ended Six Months Ended
  Nov 30, Aug 31, Nov 30, Nov 30, Nov 30,
   2019   2019   2018   2019   2018 
           
Net sales$6,874  $5,533  $5,911  $12,407  $10,651 
Cost of sales 3,672   3,262   3,513   6,934   6,700 
Gross profit 3,202     2,271       2,398       5,473       3,951  
                     
Operating expenses:                  
  Selling, general and administrative   2,157       1,808       1,977       3,965       3,856  
  Research and development   795       892       986       1,687       2,102  
  Total operating expenses   2,952       2,700       2,963       5,652       5,958  
                     
  Income (loss) from operations   250       (429 )     (565 )     (179 )     (2,007 )
                     
Interest income (expense), net   2       12       (74 )     14       (152 )
Other income, net   5       10       29       15       38  
                     
  Income (loss) before income tax expense   257       (407 )     (610 )     (150 )     (2,121 )
                     
Income tax expense   (6 )     (6 )     (19 )     (12 )     (23 )
                     
  Net income (loss)   251       (413 )     (629 )     (162 )     (2,144 )
                     
Less: Net income attributable to the                  
    noncontrolling interest   -       -       -       -       -  
                     
  Net income (loss) attributable to Aehr Test                  
    Systems common shareholders $ 251     $ (413 )   $ (629 )   $ (162 )   $ (2,144 )
                     
Net income (loss) per share                  
  Basic $ 0.01     $ (0.02 )   $ (0.03 )   $ (0.01 )   $ (0.10 )
  Diluted $ 0.01     $ (0.02 )   $ (0.03 )   $ (0.01 )   $ (0.10 )
                     
Shares used in per share calculations:                  
  Basic   22,823       22,708       22,294       22,765       22,242  
  Diluted   22,912       22,708       22,294       22,765       22,242  
                     

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