At last check, shares of worldwide supplier of semiconductor test and reliability qualification equipment, Aehr Test Systems (AEHR) were trading for $3.44, up 22.42% in premarket session today. As of Thursday’s close, AEHR stock was down -0.71% at $2.81. Over the past 50 days, volumes of AEHR stock were 1.68 million shares, which was higher than the 0.5 million share traded on the day.

Within the past week, AEHR shares have gained 18.57%, and were up 36.07 percent over the last 12 months. AEHR stock has gained 30.09% in the recent three months, while losing 24.89% in the recent six months. AEHR is currently valued at 57.75 million dollars; its outstanding shares are 23.52 million. AEHR stock rose after its quarterly results were released with encouraging revenue results.

Is there something unique about AEHR?

Aehr Test Systems, based in Fremont, California, manufactures and sells test systems that are used to burn-in and test logic, optical and memory integrated circuits. Aehr Test Systems has provided over 2,500 systems worldwide.

Automobile and mobility markets’ quality and reliability requirements are driving more test requirements, increased testing needs, and new opportunities for AEHR products at the package, wafer, and module levels. AEHR has developed numerous innovative products, including the ABTS and FOX-P families of test and burn-in systems and the FOX DiePak Carrier, FOX DiePak Loader and FOX WaferPak Aligner.

Aehr Test yesterday reported its fourth quarter and fiscal 2021 full year results ended May 31, 2021.

Quarterly financial results:

• AEHR’s net sales reached $7.6 million in the reported quarter, up 102% over the corresponding quarter last year.
• Compared with a GAAP net loss of $2.9 million, or $0.13 per diluted share in Q4 2020, the net income posted by AEHR in Q4 2021 is $567,000, or $0.02 per diluted share.
• Non-GAAP net income posted AEHR was $870,000, or $0.04 per diluted share, excluding stock-based compensation. The previous year’s non-GAAP net loss was $720,000, or $0.03 per diluted share.
• The quarter’s bookings were $5.5 million, 113% more than the previous year quarter.
• By May 31, 2021, there were $1.6 million in backlog.
• Fiscal Year Financial Results:
• In fiscal 2020, net sales posted by AEHR were $22.3 million, while in fiscal 2021 they were $16.6 million.
• Compared with a GAAP net loss of $2.8 million, or $0.12 per diluted share, AEHR had a GAAP net loss of $2.0 million, or $0.09 per diluted share.
• An non-GAAP net loss of $3.3 million, or $0.14 per diluted share, was reported by AEHR in comparison to an non-GAAP net loss of $27,000, or $0.00 per diluted share.

How AEHR sees it performance?

This year’s fiscal fourth quarter marks a return to pre-pandemic revenue and operating profit levels for AEHR. It was encouraging to see AEHR’s customer demand increase during the third quarter following the production ramp delays and pushouts it experienced during the previous year. To date, AEHR has booked $5.4 million in bookings for fiscal 2022 and has an effective backlog of $7 million.