Stock Monitor: Park Electrochemical Post Earnings Reporting
LONDON, UK / ACCESSWIRE / January 17, 2018 / Active-Investors.com has just released a free earnings report on Aehr Test Systems (NASDAQ: AEHR). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AEHR. The Company posted its financial results on January 04, 2018, for the second quarter fiscal 2018. The supplier of semiconductor test and burn-in equipment saw revenue and adjusted EPS surpassed analysts' expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Aehr Test Systems most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Earnings Highlights and Summary
For three months ended November 30, 2017, Aehr Test Systems' net revenues increased 87.9% to $7.92 million from $4.22 million in Q2 FY17. The Company's net revenue surpassed analysts' expectations of $7.11 million.
During H1 FY18, the Company's net revenue revenues increased 56.2% to $14.89 million from $9.53 million in H1 FY17.
As on November 30, 2017, the Company's backlog was $12.2 million.
During Q2 FY18, Aehr Test Systems' gross profit increased 114% to $3.13 million from $1.46 million in the same period last year. For the reported quarter, the Company's gross margin increased 480 basis points to 39.5% of revenue from 34.7% of revenue in Q2 FY17.
During H1 FY18, Aehr Test Systems' gross profit increased 64.9% to $6.05 million from $3.67 million in the same period last year. During H1 FY18, the Company's gross margin increased 210 basis points to 40.6% of revenue from 38.5% of revenue in H1 FY17.
For the reported quarter, the Company's operating income was $187,000 compared to operating loss of $1.28 million in Q2 FY17.
During H1 FY18, Aehr Test Systems' operating income was $359,000 compared to operating loss of $1.85 million in H1 FY17.
During Q2 FY18, Aehr Test Systems' earnings before tax (EBT) was positive $75,000 compared to negative $1.42 million in the same period last year.
For the reported quarter, Aehr Test Systems' net income was $60,000 compared to net loss of $1.45 million in Q2 FY17. During Q2 FY18, the Company's diluted EPS was $0.00 compared to negative diluted EPS of $0.09 in the same period last year. For the reported quarter, Aehr Test Systems' adjusted net income was $424,000 compared to adjusted net loss of $1.24 million in Q2 FY17. During Q2 FY18, the Company's adjusted diluted EPS was positive $0.02 compared to negative $0.08 in the same period last year. Adjusted diluted EPS surpassed analysts' expectations of $0.00.
During H1 FY18, Aehr Test Systems' net income was $70,000 compared to net loss of $2.21 million in the same period last year. During H1 FY18, the Company's diluted EPS was $0.00 compared to negative diluted EPS of $0.15 million in H1 FY17.
Balance Sheet
As on November 30, 2017, Aehr Test Systems' cash and cash equivalents decreased 44.1% to $9.96 million from $17.80 million on May 31, 2017. For the reported quarter, the Company's long-term debt was $6.11 million, on par with $6.11 million in Q4 FY17.
For the reported quarter, the Company's net accounts receivable decreased 13% to $3.49 million from $4.01 million in Q4 FY17. For the reported quarter, Aehr Test Systems' accounts payable decreased 36.3% to $1.79 million from $2.81 million in Q4 FY17. For the reported quarter, the Company's total assets increased 0.4% to $31.00 million from $30.89 million in Q4 FY17.
Outlook
For FY18, the Company expects revenue growth to be 50%.
Stock Performance Snapshot
January 16, 2018 - At Tuesday's closing bell, Aehr Test Systems' stock fell 3.06%, ending the trading session at $2.85.
Volume traded for the day: 172.39 thousand shares.
Stock performance in the last month – up 7.55%; past twelve-month period – up 13.10%; and year-to-date – up 5.17%
After yesterday's close, Aehr Test Systems' market cap was at $59.91 million.
The stock is part of the Technology sector, categorized under the Semiconductor Equipment & Materials industry.
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