NASDAQ$AEHR

Aehr Test System · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Aehr Test Systems reported a 93% year-over-year revenue increase in the third quarter and withdrew its previously provided fiscal 2020 financial guidance due to COVID-19 uncertainty.

Aehr Test Systems reported a strong third quarter with a 93% increase in revenue compared to the same quarter last year. The company achieved profitability with a GAAP net income of $245,000. However, due to the uncertainty caused by the COVID-19 pandemic, Aehr Test Systems withdrew its fiscal year 2020 financial guidance.

  • Net sales were $6.1 million, up 93% from $3.2 million in the third quarter of fiscal 2019.
  • GAAP net income was $245,000, or $0.01 per diluted share, compared to a GAAP net loss of $3.2 million, or $0.14 per diluted share, in the third quarter of fiscal 2019.
  • Non-GAAP net income was $452,000, or $0.02 per diluted share, compared to a non-GAAP net loss of $1.6 million, or $0.07 per diluted share, in the third quarter of fiscal 2019.
  • Backlog as of February 29, 2020 was $3.6 million.

Headline financials

Total Revenue

$6.11M

Previous: $3.16M+93.2%
EPS (adj)

$0.01

Previous: -$0.02+150.0%
Backlog

$3.6M

No prior period
Capital Expenditures

-$151K

Previous: -$124K-21.8%
Free Cash Flow

$94K

Previous: -$3.33M+102.8%
Net Income

$245K

Previous: -$3.2M+107.7%
Operating Income

$255K

Previous: -$3.12M+108.2%
Gross Profit

$2.99M

Previous: $272K+999.6%
Cash & Equivalents

$5.06M

Previous: $12.3M-58.9%
Total Assets

$21.7M

Previous: $25.5M-14.8%
Stock-Based Comp

$207K

Previous: $225K-8.0%

Revenue & EPS history

Aehr · Revenue · Quarterly

$6.11M

Q3 2020+93.2%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Due to the uncertainty of the full impact of the COVID-19 pandemic on our customers, Aehr Test Systems is taking the conservative stance to withdraw its previously provided guidance for the fiscal 2020 year ending May 31, 2020.

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 Q3 2020

Historical avgQ3 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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