Economic Environment - The U.S. government shutdown is impacting investor confidence and delaying key economic data, including the September jobs report, which showed a low job growth of 17,000 compared to 22,000 in August [5][9] - The shutdown has led to increased interest in safe-haven assets like gold, which reached $4,000 per ounce for the first time, reflecting economic uncertainty [4][11] - Goldman Sachs vice chairman Robert Kaplan highlighted that gold's rise of nearly 40% year-to-date serves as a warning signal for investors [5][11] Market Reactions - Investors are moving towards safe-haven assets due to the government shutdown, with gold prices surging [4][11] - The S&P 500 fell 0.4% after eight consecutive days of gains, driven by weak Oracle shares and concerns over AI profits [11] - JPMorgan downgraded several consumer finance stocks, including OneMain and Synchrony Financial, to neutral due to weakening macroeconomic conditions [6][11] Company-Specific Developments - Trilogy Metals shares surged over 200% following a $35.6 million investment from the White House, making it a 10% shareholder aimed at unlocking domestic supplies of copper and critical minerals in Alaska [12] - Constellation Brands reported earnings that beat estimates, with revenue of $2.48 billion and adjusted earnings of $3.63 per share, leading to a premarket share increase of over 3% [9][12] - Aehr Test Systems experienced a significant drop of nearly 20% after reporting a year-over-year revenue decline and providing no guidance [12]

Key Points Aehr Test Systems beat on earnings last night -- sort of. The company reported an adjusted profit, but a big GAAP loss. Sales declined, and new bookings don't look great. 10 stocks we like better than Aehr Test Systems › Aehr Test Systems (NASDAQ: AEHR) stock tumbled 25.7% through 9:45 a.m. ET Tuesday despite beating on both top and bottom lines last night. Heading into the semiconductor quality tester's fiscal Q1 2026 report, analysts expected no better than break-even earnings on sal ...

Futures are flat after the S&P, Nasdaq and Russell all made new ATHs yesterday, driven by the AI theme and a broad-based rally. As of 8:15am, S&P futures are unchanged while Nasdaq futures eke out a 0.1% gain as trader keep an eye on TSLA’s new car announcement with Mag7 names mixed pre-mkt but Semis seeing a bid led by AMD (+3.6%), MU (+2%). Bond yields are higher while the USD gained for a second day as President Trump sent mixed messages about the state of talks with Democrats on their biggest demand to ...

Group 1: Aehr Test Systems - Aehr Test Systems reported first-quarter revenue of $10.97 million, exceeding analyst estimates of $10.78 million [2] - The company reported adjusted earnings of one cent per share, which was in line with analyst expectations [2] - Shares of Aehr Test Systems fell 15.1% to $26.89 in pre-market trading following the earnings report [2] Group 2: SANUWAVE Health Inc - SANUWAVE Health Inc experienced a decline of 14.4%, with shares dropping to $34.99 in pre-market trading after issuing preliminary third-quarter revenue results below estimates [4] - The company also revised its FY25 revenue guidance down from $48 million-$50 million to $44 million-$46 million [4] Group 3: Other Stocks - NOVONIX Ltd saw a decrease of 12.3%, with shares falling to $1.57 in pre-market trading after a previous gain of 11% [4] - Pioneer dropped 9.8% to $5.90 in pre-market trading after a significant increase of 37% on the previous day [4] - Epsium Enterprise Limited's shares fell 5.4% to $28.28 in pre-market trading after an 11% gain on Monday [4] - Senseonics Holdings, Inc. reported a 4.4% decline to $0.54 in pre-market trading due to preliminary unaudited revenue announcements for the third quarter [4] - Solaris Energy Infrastructure, Inc. shares decreased by 4.3% to $44.74 in pre-market trading after pricing a $650 million convertible senior notes offering [4] - Holley Inc. fell 3.4% to $2.88 in pre-market trading [4]

Kansas City Fed President Jeff Schmid said on Monday that policymakers should continue pressing against inflation, which has remained persistently high. “With inflation still too high, monetary policy should lean against demand growth to allow the space for supply to grow and relieve price pressures in the economy,” Schmid said. He reiterated that interest rates remain only “slightly restrictive,” a stance he described as appropriate.“We’re in a self-fulfilling rally — earnings are strong and getting strong ...

Core Viewpoint - Aehr Test Systems experienced a nearly 14% decline in shares during premarket trading due to the decision not to reinstate formal guidance, attributing this to uncertainties related to tariffs [1] Financial Performance - The company reported fiscal first-quarter revenue of $11 million, which represents a 16% decrease year-over-year from $13.1 million [1]

Core Viewpoint - Telomir Pharmaceuticals Inc. experienced a significant stock price increase of 38.71% in after-hours trading following the announcement of promising preclinical study results for its lead compound, Telomir-1, which is aimed at reversing DNA methylation in aggressive prostate cancer models [1][2]. Group 1: Study Results - Telomir-1 was reported to reverse abnormal DNA methylation, restoring the function of key tumor suppressor genes MASPIN and RASSF1A, which are often silenced in cancer due to hypermethylation [2][3]. - MASPIN is critical for blocking tumor invasion, regulating cell migration, promoting apoptosis, and enhancing treatment sensitivity. Telomir-1 effectively restored MASPIN activity in vivo by reversing chemotherapy-induced DNA methylation [4]. - RASSF1A is involved in cell cycle control, promoting apoptosis, and suppressing metastasis. Telomir-1 reduced RASSF1A methylation in a dose-dependent manner, with enhanced effects when combined with chemotherapy [5]. Group 2: Development Status - The company is continuing preclinical development with IND-enabling studies for Telomir-1 [6]. Group 3: Stock Performance - Year-to-date, TELO stock is down 65.53%, but has gained 15.45% over the past month. The stock has traded between $1.12 and $7.08 over the past year, with a market capitalization of $45.84 million and an average daily trading volume of 3.33 million shares [7].

Group 1 - The article does not provide any specific information or data regarding companies or industries [1]

Financial Data and Key Metrics Changes - First quarter revenue was $11 million, a decrease of $2.1 million from $13.1 million in the same period last year, primarily driven by demand for FoxXP and FoxCP products [24][25] - Non-GAAP gross margin for the first quarter was 37.5%, down from 54.7% year-over-year, mainly due to lower sales volume and a less favorable product mix [25] - Non-GAAP net income for the first quarter was $0.3 million or $0.01 per share, compared to $2.2 million or $0.07 per share for the first quarter of fiscal 2025 [27] - Backlog at the end of Q1 was $15.5 million, with $2 million net bookings received in the first five weeks of the second quarter [28] Business Line Data and Key Metrics Changes - Contactor revenues, which include wafer packs for wafer-level burn-in business, totaled $2.6 million, significantly lower than $12.1 million or 92% of the previous year's first quarter revenue [25] - The company shipped multiple FoxCP single-wafer production test and burn-in systems during Q1, indicating ongoing demand in the hard disk drive industry [24] Market Data and Key Metrics Changes - The company is experiencing strong momentum in sales and customer engagement in the AI processor market, with a lead production customer placing multiple follow-on volume production orders for Sonoma systems [5][6] - There is increasing demand in the silicon photonics market, driven by the adoption of optical chip-to-chip communication and optical network switching [14] Company Strategy and Development Direction - The company is focusing on semiconductor test and burn-in markets, particularly related to the expansion of data center infrastructure and AI [4] - Aehr Test Systems is positioned to assist customers with both wafer-level and packaged part burn-in systems, enhancing its market position [10] - The company is developing strategic partnerships with OSATs to provide advanced wafer-level test and burn-in solutions for high-performance computing and AI processors [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in broad-based growth opportunities across AI and other markets, despite ongoing tariff-related uncertainties [23][30] - The company anticipates order growth in nearly all served markets for the fiscal year, with silicon carbide growth expected to strengthen further into fiscal 2027 [23] Other Important Information - The company successfully closed the InCal facility and consolidated operations into its Fremont facility, which has significantly upgraded manufacturing capabilities [26][30] - The company has no debt and continues to invest excess cash in money market funds [30] Q&A Session Summary Question: When will there be a material improvement in bookings to drive revenue? - Management anticipates additional capacity needs from their lead AI wafer-level burn-in production customer, which could lead to increased bookings and revenue this year [34] Question: Do you have a target number of customers for shipping by the end of the fiscal year? - Management has discrete quantity targets for additional packaged part and wafer-level customers but is cautious about setting expectations [44] Question: What is the gating factor for customers transitioning from Sonoma to wafer-level burn-in? - The transition does not require a new product, but customers need to validate that the company can meet their specific requirements [66] Question: How does the company view the cost-effectiveness of wafer-level burn-in compared to system-level burn-in? - Management emphasized that wafer-level burn-in is more cost-effective and efficient, reducing the risk of failures at the system level [74][76]

Financial Data and Key Metrics Changes - First quarter revenue was $11 million, a decrease of $2.1 million from $13.1 million in the same period last year, primarily driven by demand for FoxXP and FoxCP products [24][25] - Non-GAAP gross margin for the first quarter was 37.5%, down from 54.7% year-over-year, mainly due to lower sales volume and a less favorable product mix [25] - Non-GAAP net income for the first quarter was $0.3 million or $0.01 per share, compared to $2.2 million or $0.07 per share for the first quarter of fiscal 2025 [27] - Backlog at the end of Q1 was $15.5 million, with $2 million net bookings received in the first five weeks of the second quarter [28] Business Line Data and Key Metrics Changes - Contactor revenues, which include wafer packs for wafer-level burn-in business, totaled $2.6 million, significantly lower than $12.1 million or 92% of the previous year's first quarter revenue [25] - The company shipped multiple FoxCP single-wafer production test and burn-in systems during Q1, indicating ongoing demand in the hard disk drive industry [24] Market Data and Key Metrics Changes - The company is experiencing ongoing growth in the silicon photonics market, driven by the adoption of optical chip-to-chip communication and optical network switching [14] - Demand for gallium nitride devices is increasing, particularly in data center power efficiency, solar energy, and automotive systems [16] - The market for NAND flash is in a state of flux, with a transition to hybrid bonding technologies driving new requirements for higher parallelism and power [19] Company Strategy and Development Direction - The company is focusing on semiconductor test and burn-in markets, particularly related to the expansion of data center infrastructure and AI [4][21] - Aehr Test Systems is positioned to assist customers with both wafer-level and packaged part burn-in systems, enhancing its market position [10] - The company is developing strategic partnerships to provide advanced wafer-level test and burn-in solutions for high-performance computing and AI processors [11] Management's Comments on Operating Environment and Future Outlook - Management remains cautious due to ongoing tariff-related uncertainty and has not reinstated formal guidance, but is confident in broad-based growth opportunities across AI and other markets [23][31] - The company anticipates order growth in nearly all served markets for the fiscal year, with silicon carbide growth expected to strengthen further into fiscal 2027 [23] Other Important Information - The company successfully closed the InCal facility and consolidated operations into its Fremont, California facility, incurring a one-time restructuring charge of $219,000 [26] - The facility renovation has significantly upgraded manufacturing capabilities, increasing overall manufacturing capacity by at least five times [30] Q&A Session Summary Question: When will there be a material improvement in bookings to drive revenue? - Management anticipates additional capacity needs from their first AI wafer-level burn-in production customer, which could lead to increased bookings and revenue this year, but timing is uncertain [34] Question: Do you have a target number of customers for shipping by the end of the fiscal year? - Management has discrete quantity targets for additional packaged part and wafer-level customers, but is cautious about setting expectations regarding timelines [44] Question: What is the gating factor for customers transitioning from Sonoma to wafer-level burn-in? - The transition does not require a new product, but customers need to validate that the company can meet their specific requirements for power delivery and design for testability [66] Question: How does the company view the cost-effectiveness of wafer-level burn-in compared to system-level burn-in? - Wafer-level burn-in is preferred as it is more cost-effective and efficient, allowing for accelerated testing without the inefficiencies of system-level testing [74][76] Question: What is the outlook for high-bandwidth flash and memory? - There is significant interest in high-bandwidth flash and memory, with ongoing discussions about the need for burn-in processes to ensure reliability before shipping [81]