Financial Performance - Net revenue for Q3 fiscal 2025 was $18.3 million, a 141% increase from $7.6 million in Q3 fiscal 2024[6] - GAAP net loss was $(0.6) million, or $(0.02) per diluted share, compared to a loss of $(1.5) million, or $(0.05) per diluted share in Q3 fiscal 2024[6] - Non-GAAP net income was $2.0 million, or $0.07 per diluted share, compared to a non-GAAP net loss of $(0.9) million, or $(0.03) per diluted share in Q3 fiscal 2024[6] - Total revenue for the three months ended February 2025 was $18,307,000, a 36.5% increase from $13,453,000 in the same period of 2024[20] - Gross profit for the three months ended February 2025 was $7,183,000, compared to $5,400,000 for the same period in 2024, representing a 33.0% increase[20] - Operating expenses for the three months ended February 2025 totaled $8,302,000, up from $6,913,000 in the same period of 2024, indicating a 20.1% increase[20] - Net loss for the three months ended February 2025 was $643,000, an improvement from a net loss of $1,028,000 in the same period of 2024[20] - Non-GAAP net income for the three months ended February 2025 was $1,981,000, compared to $691,000 in the same period of 2024[21] - The diluted net income (loss) per share for the three months ended February 2025 was $(0.02), compared to $(0.03) for the same period in 2024[21] Revenue Sources and Market Opportunities - The company has diversified its revenue sources, with SiC wafer level burn-in (WLBI) accounting for less than 40% of business, down from over 90% in fiscal 2024[7] - The SiC market remains a significant opportunity, with recovery in utilization rates and customer forecasts, driven by electric vehicles and adjacent sectors[10] - Aehr is strategically expanding into high-growth sectors, including AI processors, GaN power semiconductors, and flash memory, to drive revenue growth[13] Technological Advancements - The new high-power FOX-XP WLBI system can test up to nine 300mm AI processor wafers simultaneously, marking a significant technological advancement[8] - Aehr has expanded into production PPBI for AI processors and has shipped multiple Sonoma production burn-in systems to a leading hyperscaler[9] Guidance and Future Outlook - The company is temporarily withdrawing its fiscal 2025 guidance due to ongoing tariff uncertainty, but remains optimistic about future growth[12] Expenses and Investments - Research and development expenses for the three months ended February 2025 were $3,140,000, an increase from $2,276,000 in the same period of 2024, reflecting a 37.9% rise[20] - Total cost of revenue for the three months ended February 2025 was $11,124,000, up from $8,053,000 in the same period of 2024, marking a 38.5% increase[20] - The company incurred stock-based compensation expenses of $218,000 for the three months ended February 2025, compared to $69,000 in the same period of 2024[21] - Stock-based compensation expense increased to $3,741,000 from $1,744,000, indicating a rise of approximately 114.3%[26] - The company invested $11,075,000 in business acquisitions during the nine months ended February 28, 2025[26] Balance Sheet and Cash Flow - Total assets increased to $145,607,000 as of February 28, 2025, up from $127,912,000 on May 31, 2024, representing a growth of approximately 13.8%[25] - Cash and cash equivalents decreased to $29,411,000 from $49,159,000, reflecting a decline of approximately 40.3%[25] - Total current liabilities rose to $16,064,000, an increase of 52.9% from $10,508,000 in the previous period[25] - Shareholders' equity increased to $124,210,000 from $111,593,000, marking an increase of approximately 11.3%[25] - Cash flows from operating activities resulted in a net outflow of $5,098,000 for the nine months ended February 28, 2025, compared to a net inflow of $532,000 in the prior year[26] Inventory and Receivables - Inventories increased to $42,329,000 from $37,470,000, reflecting a growth of approximately 12.4%[25] - The company reported a decrease in accounts receivable to $11,991,000 from $9,796,000, an increase of approximately 22.3%[25]

Aehr Test Systems (AEHR) Q3 2025 Earnings Conference Call April 08, 2025 05:00 PM ET Company Participants Operator - Conference OperatorJim Byers - Host, Investor Relations at Pondell WilkinsonGane Erickson - President and Chief Executive OfficerChris Tiu - Chief Financial OfficerTyler - Question Asker on behalf of Christian Schwab (Craig Hallam)Jed Dorsheimer - Investor, William BlairLarry Shlebina - Investor, Shlebina CapitalCharles Tao - Private Investor Operator Greetings. Welcome to the Airtest Systems ...

Core Insights - Aehr Test Systems, Inc. is expected to report earnings of 4 cents per share for the third quarter, a significant improvement from a loss of 3 cents per share in the same period last year [1] - The company projects quarterly revenue of $17.76 million, up from $7.56 million a year earlier, indicating strong growth [1] Group 1 - On March 13, Aehr secured $4.7 million in follow-on production orders for FOX-CP Systems from a leading advanced storage device manufacturer [2] - Aehr Test Systems shares fell 0.6% to close at $7.22 on Monday [2] Group 2 - Analyst Christian Schwab from Craig-Hallum downgraded the stock from Buy to Hold with a price target of $12 on March 26, 2024 [3] - Analyst Jed Dorsheimer from William Blair downgraded the stock from Outperform to Market Perform on March 25, 2024 [3]

Core Insights - The article emphasizes the importance of creating engaging and educational financial content for various audiences, particularly for financial advisors and investment firms [1] Group 1: Content Creation - The company specializes in producing written content in multiple formats, including articles, blogs, emails, and social media [1] - There is a focus on thematic investing, market events, and client education to make financial data accessible and relevant [1] - The use of empirical data and charts is highlighted as a method to create evidence-based narratives [1] Group 2: Market Analysis - The company expresses enthusiasm for analyzing stock market sectors, ETFs, economic data, and broad market conditions [1] - Macro drivers of asset classes such as stocks, bonds, commodities, currencies, and crypto are identified as key areas of interest [1] - The content aims to communicate complex financial concepts in a simple and engaging manner [1]

Group 1 - The DJS Law Group is reminding investors of a class action lawsuit against Aehr Test Systems, Inc. for violations of federal securities laws [1] - Shareholders who purchased Aehr's securities between January 9, 2024, and March 24, 2024, are encouraged to contact the firm [1] - The lawsuit alleges that Aehr made false and misleading statements regarding significant delays in customer orders, which likely impacted the Company's revenue growth [2] Group 2 - DJS Law Group specializes in securities class actions, corporate governance litigation, and M&A appraisals, focusing on enhancing investor returns [3] - The firm represents some of the largest hedge funds and alternative asset managers, emphasizing the value of litigation claims as significant assets [3]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Aehr Test Systems, Inc. regarding a class action lawsuit due to alleged misleading statements and undisclosed delays in customer orders that negatively impacted the company's revenue growth [1][2]. Group 1: Allegations and Impact - The complaint alleges that during the class period from January 9, 2024, to March 24, 2024, Aehr Test Systems continued to experience substantial delays in customer orders, contrary to prior representations [1]. - These delays are likely to have a material negative impact on the company's revenue growth, suggesting that the company's business and financial prospects were overstated [1]. - As a result, the company's public statements were materially false and misleading throughout the relevant period [1]. Group 2: Class Action Details - Shareholders who purchased shares of Aehr during the specified class period are encouraged to register for the class action, with a deadline set for February 3, 2025 [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive status updates throughout the lifecycle of the case [2]. - There is no cost or obligation for shareholders to participate in this case [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [3]. - The firm seeks recovery for investors who incurred losses due to false or misleading statements that led to artificial inflation of the company's stock [3].

Core Insights - Aehr Test Systems' shares fell by 8.6% in response to the release of updated AI models by Chinese start-up DeepSeek [1] - The company recently signed its first AI customer, indicating a strategic shift towards the AI processor market to mitigate weaknesses in its core silicon carbide chip market [2] Market Context - DeepSeek's low-cost AI solutions pose a threat to U.S. AI companies and the infrastructure providers, including those supplying AI processors that require Aehr's wafer-level burn-in test equipment [3] - Aehr's primary market, which traditionally accounts for about 90% of its revenue, is the silicon carbide wafer-level test and burn-in equipment market, heavily driven by electric vehicle (EV) demand [4] Challenges and Opportunities - The near-term growth in the silicon carbide market is hindered by disappointing EV sales attributed to high interest rates, with management indicating that growth outside of China will remain challenging until 2026 [5] - Despite the setback from DeepSeek's AI developments, there is potential for increased adoption of AI applications, which could positively impact AI processor companies and benefit Aehr's market position [5]

Core Viewpoint - A class action securities lawsuit has been filed against Aehr Test Systems, Inc. alleging securities fraud that negatively impacted investors between January 9, 2024, and March 24, 2024 [1][2] Group 1: Allegations - The lawsuit claims that Aehr made false statements and concealed significant delays in customer orders, which were contrary to prior representations [2] - It is alleged that these delays would materially affect the Company's revenue growth, leading to overstated business and financial prospects [2] - Consequently, the Company's public statements were deemed materially false and misleading throughout the relevant period [2] Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until February 3, 2025, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing substantial recoveries for shareholders and has been recognized as a top securities litigation firm in the United States for seven consecutive years [4]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Aehr Test Systems securities between January 9, 2024, and March 24, 2024, of the February 3, 2025, lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - Investors who purchased Aehr securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by February 3, 2025 [2] - The lawsuit alleges that Aehr made false and misleading statements regarding customer order delays and overstated its business and financial prospects, leading to investor damages when the truth was revealed [4] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements in this area [3] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone, and has been ranked highly for its performance in securities class action settlements [3]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Aehr Test Systems, Inc. regarding a class action lawsuit due to alleged misleading statements and undisclosed delays in customer orders that negatively impacted the company's revenue growth [1][2]. Summary by Relevant Sections Allegations - The complaint alleges that during the class period from January 9, 2024, to March 24, 2024, Aehr Test Systems made materially false and misleading statements [1]. - Specific allegations include: - Aehr continued to experience substantial delays in customer orders contrary to prior representations [1]. - These delays were likely to have a material negative impact on the company's revenue growth [1]. - The company's business and financial prospects were overstated as a result [1]. - Public statements made by the company were materially false and misleading at all relevant times [1]. Next Steps for Shareholders - Shareholders who purchased shares of AEHR during the specified timeframe are encouraged to register for the class action [2]. - The deadline to seek lead plaintiff status is February 3, 2025, and there is no cost or obligation to participate [2]. Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].