Aehr Test Systems

Headquartered in Fremont, California, Aehr Test Systems is a worldwide supplier of systems for burning-in and testing memory and logic integrated circuits and has an installed base of more than 2,500 systems worldwide. Aehr Test has developed and introduced several innovative products, including the ABTS, FOXTM and MAX systems and the DiePak® carrier. The ABTS system is Aehr Test’s newest system for packaged part test during burn-in for both low-power and high-power logic as well as all common types of memory devices. The FOX system is a full wafer contact test and burn-in system. The MAX system can effectively burn-in and functionally test complex devices, such as digital signal processors, microprocessors, microcontrollers and systems-on-a-chip. The DiePak carrier is a reusable, temporary package that enables IC manufacturers to perform cost-effective final test and burn-in of bare die.
Company Growth (employees)
Type
Public
HQ
Fremont, US
Founded
1977
Size (employees)
76 (est)
Website
aehr.com
Aehr Test Systems was founded in 1977 and is headquartered in Fremont, US

Key People at Aehr Test Systems

Gayn Erickson

Gayn Erickson

President & CEO
Gary L. Larson

Gary L. Larson

VP of Finance and CFO
David Hendrickson

David Hendrickson

VP of Engineering
Carl N. Buck

Carl N. Buck

VP of Marketing
Rhea Posedel

Rhea Posedel

Executive Chairman

Aehr Test Systems Office Locations

Aehr Test Systems has offices in Fremont, Shanghai, Utting am Ammersee, Hachioji and in 5 other locations
Fremont, US (HQ)
400 Kato Terrace
Chennai, IN
208/5 Golden George Nagar Mugappair East
Singapore, SG
Blk 16, Kallang Place #05 10/15 Kallang Basin Industrial Estate
Suwon Si, KR
#306, Factory World 3 F, 274 Samseoug Ro Yeongtong Gu
Orange, US
2167 N Grandview Rd
Shanghai, CN
Room N., Floor 6, No. 1590 Yan’an West Rd.

Aehr Test Systems Data and Metrics

Aehr Test Systems Financial Metrics

Aehr Test Systems's revenue was reported to be $2.7 m in Q3, 2017
USD

Revenue (Q3, 2017)

2.7 m

Gross profit (Q3, 2017)

503 k

Gross profit margin (Q3, 2017), %

19%

Net income (Q3, 2017)

(2.7 m)

EBIT (Q3, 2017)

(2.5 m)

Market capitalization (25-Jul-2017)

69.7 m

Cash (28-Feb-2017)

2 m
Aehr Test Systems's current market capitalization is $69.7 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

19.7 m10 m14.5 m

Revenue growth, %

(49%)45%

Cost of goods sold

9.5 m6.2 m9.4 m

Gross profit

10.2 m3.8 m5.1 m

Gross profit Margin, %

52%38%35%

R&D expense

4.3 m

General and administrative expense

7 m

Operating expense total

9.7 m10.5 m11.3 m

EBIT

497 k(6.7 m)(6.2 m)

EBIT margin, %

3%(67%)(42%)

Interest expense

26 k130 k605 k

Income tax expense

15 k(34 k)(10 k)

Net Income

422 k(6.6 m)(6.8 m)
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

3.6 m2.6 m2 m6.6 m4.6 m1.7 m5.3 m4.2 m2.7 m

Cost of goods sold

1.9 m1.9 m1.2 m3.3 m2.9 m1.5 m3.1 m2.8 m2.2 m

Gross profit

1.6 m694 k852 k3.4 m1.7 m169 k2.2 m1.5 m503 k

Gross profit Margin, %

45%27%42%51%37%10%41%35%19%

R&D expense

959 k1.1 m1 m1.1 m923 k1.3 m1.1 m1 m1.2 m

General and administrative expense

1.6 m1.7 m1.6 m1.8 m1.7 m1.7 m1.7 m1.7 m1.7 m

Operating expense total

2.6 m2.8 m2.6 m2.9 m2.6 m3 m2.8 m2.7 m3 m

EBIT

(973 k)(2.1 m)(1.8 m)476 k(945 k)(2.8 m)(570 k)(1.3 m)(2.5 m)

EBIT margin, %

(27%)(82%)(87%)7%(20%)(168%)(11%)(30%)(92%)

Interest expense

(14 k)(8 k)(7 k)(135 k)(137 k)(165 k)(178 k)(181 k)(178 k)

Pre tax profit

(751 k)

Income tax expense

49 k(19 k)(66 k)(23 k)(21 k)33 k(4 k)(30 k)(2 k)

Net Income

(907 k)(2.1 m)(1.7 m)294 k(1 m)(3 m)(755 k)(1.5 m)(2.7 m)
USDFY, 2014FY, 2015FY, 2016

Cash

1.8 m5.5 m939 k

Accounts Receivable

3.4 m1.4 m522 k

Inventories

6.1 m7.1 m7 m

Current Assets

11.7 m14.3 m8.7 m

PP&E

474 k478 k1.2 m

Total Assets

12.2 m14.9 m10 m

Accounts Payable

1.9 m724 k1.4 m

Current Liabilities

5.1 m6.5 m4.7 m

Total Liabilities

10.8 m

Additional Paid-in Capital

52.1 m56.5 m58.1 m

Retained Earnings

(47.7 m)(54.3 m)(61.1 m)

Total Equity

7 m4.6 m(723 k)

Financial Leverage

1.7 x3.3 x-13.9 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

2.1 m3.6 m2.3 m3.7 m2 m2.5 m2.3 m5.2 m2 m

Accounts Receivable

2.1 m1.4 m597 k2.6 m2.5 m1.9 m1.8 m1.4 m1.6 m

Inventories

6.3 m6 m6.9 m7.3 m7.4 m7.4 m6 m6.1 m7.2 m

Current Assets

10.8 m11.3 m10.2 m14 m12.3 m12.1 m10.5 m13 m11.2 m

PP&E

492 k538 k502 k465 k576 k1.3 m789 k793 k861 k

Total Assets

11.4 m12 m10.7 m14.6 m12.9 m13.4 m11.3 m13.9 m12.2 m

Accounts Payable

1.6 m1.8 m1.6 m1.8 m1.4 m1.9 m1.9 m1.8 m1.8 m

Current Liabilities

4.8 m4.5 m4.8 m5.2 m4.2 m7.4 m6 m4.2 m4.7 m

Additional Paid-in Capital

52.7 m55.7 m56 m57.1 m57.6 m57.8 m58.8 m64.6 m64.9 m

Retained Earnings

(48.6 m)(50.7 m)(52.4 m)(54 m)(55.1 m)(58.1 m)(61.9 m)(63.3 m)(66 m)

Total Equity

6.6 m7.5 m5.9 m5.4 m4.8 m2 m3.6 m1.3 m

Financial Leverage

1.7 x1.6 x1.8 x2.7 x2.7 x6.6 x3.8 x9.4 x
USDFY, 2014FY, 2015FY, 2016

Net Income

422 k(6.6 m)(6.8 m)

Depreciation and Amortization

141 k135 k203 k

Accounts Receivable

(720 k)1.8 m887 k

Inventories

(740 k)(1 m)70 k

Accounts Payable

707 k(850 k)564 k

Cash From Operating Activities

(607 k)(2.3 m)(6.3 m)

Purchases of PP&E

(339 k)(118 k)(919 k)

Cash From Investing Activities

(289 k)(118 k)(919 k)

Cash From Financing Activities

391 k6.4 m2.5 m

Interest Paid

27 k130 k302 k

Income Taxes Paid

44 k26 k47 k
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

(907 k)(2.1 m)(1.7 m)294 k(1 m)(3 m)(755 k)(1.5 m)(2.7 m)

Accounts Receivable

2.1 m1.4 m597 k2.6 m2.5 m1.9 m1.8 m1.4 m1.6 m

Inventories

6.3 m6 m6.9 m7.3 m7.4 m7.4 m6 m6.1 m7.2 m

Accounts Payable

1.6 m1.8 m1.6 m1.8 m1.4 m1.9 m1.9 m1.8 m1.8 m
USDY, 2017

Revenue/Employee

35.3 k

Financial Leverage

9.4 x

Aehr Test Systems Market Value History

Aehr Test Systems Company Life and Culture

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