NASDAQ$AEHR
Aehr Test System · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Aehr Test Systems reported a net loss due to COVID-19 impacts and customer-specific production ramp delays.
Aehr Test Systems reported a decrease in net sales and a net loss for the second quarter of fiscal year 2021, impacted by COVID-19 and customer delays. However, they anticipate significant bookings and revenue increases in the second half of the fiscal year.
- Net sales were $1.7 million, compared to $6.9 million in the second quarter of fiscal 2020.
- GAAP net loss was $2.0 million, or $0.08 per diluted share, compared to GAAP net income of $251,000, or $0.01 per diluted share, in the second quarter of fiscal 2020.
- Non-GAAP net loss was $1.7 million, or $0.07 per diluted share, compared to non-GAAP net income of $456,000, or $0.02 per diluted share, in the second quarter of fiscal 2020.
- Backlog as of November 30, 2020 was $1.1 million.
Headline financials
Revenue & EPS history
Aehr · Revenue · Quarterly
$1.68M
Forward guidance
Aehr is revising its expected full year total revenue to between $20 million and $25 million, and continues to expect to be profitable for the fiscal year.
Tailwinds
- Expect significant bookings and revenue increases in the second half of the year compared to the first half.
- Received a new design win for a new high-volume application for production test and burn-in of mobile sensors, which began with an initial $4.3 million order.
- Expect follow-on capacity orders from this customer later in the current fiscal year for additional test system capacity, DiePak Carriers and our DiePak auto loader solution for handling.
- Seen an increase in bookings and forecasts for additional WaferPaks and DiePaks consumables for our installed base of systems.
- Forecasting additional DiePaks and WaferPaks orders during the second half of the 2021 fiscal year from our installed base for applications in silicon photonics, silicon carbide, mobile sensors, and flash memory market segments.
Headwinds
- Revenue and bookings for the first half of our fiscal year were impacted by the continued challenging global business environment created by the COVID-19 pandemic.
- Several customer specific production ramp delays and push outs of forecasted orders.
- COVID-19 related impacts have affected our customers and have hindered our ability to forecast the timing of these orders.
- Taking a more conservative approach to our fiscal year forecast.
- Revising our revenue guidance for fiscal 2021 to be between $20 million and $25 million, down from between $25 million and $28 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2021
+3.2%
Avg return
Earnings day
+4.5%
Avg return
5 days after
+4.9%
Avg return
30 days after
58%
37 / 64 earnings
Positive
+42.0%
Q4 2022
Best reaction
-28.9%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +25.5% | +26.3% | — | |
| Q2 2026 | +15.9% | +9.3% | +5.8% | |
| Q1 2026 | -16.9% | -25.8% | -25.2% | |
| Q4 2025 | +1.4% | +8.7% | +36.1% | |
| Q3 2025 | +29.2% | +22.4% | +24.6% | |
| Q2 2025 | -28.9% | -24.0% | -37.6% | |
| Q1 2025 | +21.1% | +10.1% | -9.3% | |
| Q4 2024 | +25.4% | +23.0% | +8.8% | |
| Q3 2024 | -0.9% | +0.6% | -1.6% | |
| Q2 2024 | -15.5% | -20.6% | -23.5% | |
| Q1 2024 | -14.4% | -11.0% | -45.7% | |
| Q4 2023 | +22.7% | +26.8% | +14.5% | |
| Q3 2023 | -18.0% | -20.7% | -34.6% | |
| Q2 2023 | +27.4% | +61.6% | +100.0% | |
| Q1 2023 | +20.0% | +9.9% | +36.0% | |
| Q4 2022 | +42.0% | +37.5% | +108.5% | |
| Q3 2022 | -5.8% | -6.8% | -27.1% | |
| Q2 2022 | -20.9% | -25.5% | -40.4% | |
| Q1 2022 | +32.9% | +21.3% | +69.6% | |
| Q4 2021 | +20.1% | +106.4% | +100.4% | |
| Q3 2021 | -3.2% | -7.7% | -7.3% | |
| Q2 2021 | -14.6% | -14.6% | +3.2% | |
| Q1 2021 | +6.3% | -2.8% | -9.0% | |
| Q4 2020 | +2.0% | +2.4% | +0.5% | |
| Q3 2020 | -18.2% | -16.4% | +5.7% | |
| Q2 2020 | -5.0% | -7.5% | +0.0% | |
| Q1 2020 | -1.8% | +3.6% | -1.2% | |
| Q4 2019 | -5.4% | -10.7% | -20.8% | |
| Q3 2019 | +17.5% | +15.6% | +7.1% | |
| Q2 2019 | -4.7% | -18.8% | -12.8% | |
| Q1 2019 | -8.3% | -11.2% | -19.0% | |
| Q4 2018 | +1.1% | -4.5% | -10.1% | |
| Q3 2018 | +6.2% | +2.2% | +4.5% | |
| Q2 2018 | +13.3% | +4.6% | -11.6% | |
| Q1 2018 | +29.0% | +18.9% | +11.7% | |
| Q4 2017 | +7.9% | +6.6% | -23.0% | |
| Q3 2017 | -8.0% | -15.3% | -12.6% | |
| Q2 2017 | +0.9% | +2.2% | -0.9% | |
| Q1 2017 | +7.0% | +0.0% | +10.0% | |
| Q4 2016 | +8.3% | +3.6% | +16.1% | |
| Q3 2016 | +7.1% | — | — | |
| Q2 2016 | -17.6% | — | — | |
| Q1 2016 | +9.3% | — | — | |
| Q4 2015 | +1.4% | — | — | |
| Q3 2015 | -7.0% | — | — | |
| Q2 2015 | -4.7% | — | — | |
| Q1 2015 | -3.5% | — | — | |
| Q4 2014 | +9.0% | — | — | |
| Q3 2014 | -4.8% | — | — | |
| Q2 2014 | +2.8% | — | — | |
| Q1 2014 | +15.9% | — | — | |
| Q4 2013 | -4.0% | — | — | |
| Q3 2013 | -1.8% | — | — | |
| Q2 2013 | -6.7% | — | — | |
| Q1 2013 | -4.5% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2012 | +0.8% | — | — | |
| Q3 2011 | +0.8% | — | — | |
| Q2 2012 | +5.3% | — | — | |
| Q2 2011 | +5.3% | — | — | |
| Q1 2012 | +2.5% | — | — | |
| Q1 2011 | +2.5% | — | — | |
| Q4 2010 | +2.5% | — | — | |
| Q3 2010 | +4.2% | — | — |
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