Aehr Test Systems
Ken Spink
Chief Financial Officer
(510) 623-9400 x309
Investor Relations Contact:
Todd Kehrli or Jim Byers
MKR Group, Inc.
(323) 468-2300
aehr@mkr-group.com
– Financial Tables to Follow –
| AEHR TEST SYSTEMS AND SUBSIDIARIES | ||||||||||||||||||||
| Condensed Consolidated Statements of Operations | ||||||||||||||||||||
| (in thousands, except per share data) | ||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||
| Three Months Ended
| Nine Months Ended
| |||||||||||||||||||
| Feb 28, | Nov 30, | Feb 28, | Feb 28, | Feb 28, | ||||||||||||||||
| 2018 | 2017 | 2017 | 2018 | 2017 | ||||||||||||||||
| Net sales | $ | 7,393 | $ | 7,923 | $ | 2,681 | $ | 22,286 | $ | 12,215 | ||||||||||
| Cost of sales | 4,217 | 4,792 | 2,178 | 13,061 | 8,043 | |||||||||||||||
| Gross profit | 3,176 | 3,131 | 503 | 9,225 | 4,172 | |||||||||||||||
| Operating expenses: | ||||||||||||||||||||
| Selling, general and administrative | 1,829 | 1,854 | 1,724 | 5,474 | 5,147 | |||||||||||||||
| Research and development | 1,040 | 1,090 | 1,248 | 3,085 | 3,348 | |||||||||||||||
| Total operating expenses | 2,869 | 2,944 | 2,972 | 8,559 | 8,495 | |||||||||||||||
| Income (loss) from operations | 307 | 187 | (2,469 | ) | 666 | (4,323 | ) | |||||||||||||
| Interest expense, net | (98 | ) | (105 | ) | (178 | ) | (310 | ) | (537 | ) | ||||||||||
| Other (expense) income, net | (33 | ) | (7 | ) | (2 | ) | (100 | ) | 38 | |||||||||||
| Income (loss) before income tax benefit (expense) | 176 | 75 | (2,649 | ) | 256 | (4,822 | ) | |||||||||||||
| Income tax benefit (expense) | 91 | (15 | ) | (2 | ) | 81 | (36 | ) | ||||||||||||
| Net income (loss) | 267 | 60 | (2,651 | ) | 337 | (4,858 | ) | |||||||||||||
| Less: Net income attributable to the | ||||||||||||||||||||
| noncontrolling interest | - | - | - | - | - | |||||||||||||||
| Net income (loss) attributable to Aehr Test | ||||||||||||||||||||
| Systems common shareholders | $ | 267 | $ | 60 | $ | (2,651 | ) | $ | 337 | $ | (4,858 | ) | ||||||||
| Net income (loss) per share | ||||||||||||||||||||
| Basic | $ | 0.01 | $ | 0.00 | $ | (0.16 | ) | $ | 0.02 | $ | (0.32 | ) | ||||||||
| Diluted | $ | 0.01 | $ | 0.00 | $ | (0.16 | ) | $ | 0.01 | $ | (0.32 | ) | ||||||||
| Shares used in per share calculations: | ||||||||||||||||||||
| Basic | 21,832 | 21,645 | 16,672 | 21,631 | 15,411 | |||||||||||||||
| Diluted | 22,641 | 22,883 | 16,672 | 22,838 | 15,411 | |||||||||||||||
