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Aehr Test Systems Reports Strong Third Quarter Results with Net Income of $4.7 Million

By USInMinutes - Oct 12, 2023, 04:20 PM ET
Last Updated - Oct 12, 2023, 04:20 PM EDT
Aehr Test Systems Reports Strong Third Quarter Results with Net Income of $4.7 Million

Quarterly Revenue Reaches $20.6 Million

SANTA CLARA, Calif., August 31, 2023 - AEHR TEST SYSTEMS [AEHR] (NASDAQ: AEHR), a leading provider of semiconductor test and burn-in equipment, announced its financial results for the third quarter of fiscal year 2023. The company reported a net income of $4.7 million for the quarter, reflecting the successful execution of its growth strategies and the strong demand for its products in the semiconductor industry. Quarterly revenue reached $20.6 million, representing a significant increase compared to the same period last year.

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Financial Performance

The company's gross profit for the quarter was $9.9 million, with a gross margin of 48.4%. This demonstrates the company's ability to efficiently manage its cost of revenue while delivering high-quality products and services. Operating expenses for the quarter were $5.9 million, reflecting the company's commitment to invest in research and development and expand its sales and marketing efforts.

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