Aehr Test Systems was founded in 1977 and is headquartered in Fremont, US

President & CEO

VP of Finance and CFO

VP of Engineering

VP of Marketing

Executive Chairman

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'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.

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 19.7 m | 10 m | 14.5 m |

## Revenue growth, % | (49%) | 45% | |

## Cost of goods sold | 9.5 m | 6.2 m | 9.4 m |

## Gross profit | 10.2 m | 3.8 m | 5.1 m |

## Gross profit Margin, % | 52% | 38% | 35% |

## R&D expense | 4.3 m | ||

## General and administrative expense | 7 m | ||

## Operating expense total | 9.7 m | 10.5 m | 11.3 m |

## EBIT | 497 k | (6.7 m) | (6.2 m) |

## EBIT margin, % | 3% | (67%) | (42%) |

## Interest expense | 26 k | 130 k | 605 k |

## Income tax expense | 15 k | (34 k) | (10 k) |

## Net Income | 422 k | (6.6 m) | (6.8 m) |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 3.6 m | 2.6 m | 2 m | 6.6 m | 4.6 m | 1.7 m | 5.3 m | 4.2 m | 2.7 m |

## Cost of goods sold | 1.9 m | 1.9 m | 1.2 m | 3.3 m | 2.9 m | 1.5 m | 3.1 m | 2.8 m | 2.2 m |

## Gross profit | 1.6 m | 694 k | 852 k | 3.4 m | 1.7 m | 169 k | 2.2 m | 1.5 m | 503 k |

## Gross profit Margin, % | 45% | 27% | 42% | 51% | 37% | 10% | 41% | 35% | 19% |

## R&D expense | 959 k | 1.1 m | 1 m | 1.1 m | 923 k | 1.3 m | 1.1 m | 1 m | 1.2 m |

## General and administrative expense | 1.6 m | 1.7 m | 1.6 m | 1.8 m | 1.7 m | 1.7 m | 1.7 m | 1.7 m | 1.7 m |

## Operating expense total | 2.6 m | 2.8 m | 2.6 m | 2.9 m | 2.6 m | 3 m | 2.8 m | 2.7 m | 3 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) |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 1.8 m | 5.5 m | 939 k |

## Accounts Receivable | 3.4 m | 1.4 m | 522 k |

## Inventories | 6.1 m | 7.1 m | 7 m |

## Current Assets | 11.7 m | 14.3 m | 8.7 m |

## PP&E | 474 k | 478 k | 1.2 m |

## Total Assets | 12.2 m | 14.9 m | 10 m |

## Accounts Payable | 1.9 m | 724 k | 1.4 m |

## Current Liabilities | 5.1 m | 6.5 m | 4.7 m |

## Total Liabilities | 10.8 m | ||

## Additional Paid-in Capital | 52.1 m | 56.5 m | 58.1 m |

## Retained Earnings | (47.7 m) | (54.3 m) | (61.1 m) |

## Total Equity | 7 m | 4.6 m | (723 k) |

## Financial Leverage | 1.7 x | 3.3 x | -13.9 x |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 2.1 m | 3.6 m | 2.3 m | 3.7 m | 2 m | 2.5 m | 2.3 m | 5.2 m | 2 m |

## Accounts Receivable | 2.1 m | 1.4 m | 597 k | 2.6 m | 2.5 m | 1.9 m | 1.8 m | 1.4 m | 1.6 m |

## Inventories | 6.3 m | 6 m | 6.9 m | 7.3 m | 7.4 m | 7.4 m | 6 m | 6.1 m | 7.2 m |

## Current Assets | 10.8 m | 11.3 m | 10.2 m | 14 m | 12.3 m | 12.1 m | 10.5 m | 13 m | 11.2 m |

## PP&E | 492 k | 538 k | 502 k | 465 k | 576 k | 1.3 m | 789 k | 793 k | 861 k |

## Total Assets | 11.4 m | 12 m | 10.7 m | 14.6 m | 12.9 m | 13.4 m | 11.3 m | 13.9 m | 12.2 m |

## Accounts Payable | 1.6 m | 1.8 m | 1.6 m | 1.8 m | 1.4 m | 1.9 m | 1.9 m | 1.8 m | 1.8 m |

## Current Liabilities | 4.8 m | 4.5 m | 4.8 m | 5.2 m | 4.2 m | 7.4 m | 6 m | 4.2 m | 4.7 m |

## Additional Paid-in Capital | 52.7 m | 55.7 m | 56 m | 57.1 m | 57.6 m | 57.8 m | 58.8 m | 64.6 m | 64.9 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 m | 7.5 m | 5.9 m | 5.4 m | 4.8 m | 2 m | 3.6 m | 1.3 m | |

## Financial Leverage | 1.7 x | 1.6 x | 1.8 x | 2.7 x | 2.7 x | 6.6 x | 3.8 x | 9.4 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | 422 k | (6.6 m) | (6.8 m) |

## Depreciation and Amortization | 141 k | 135 k | 203 k |

## Accounts Receivable | (720 k) | 1.8 m | 887 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 k | 6.4 m | 2.5 m |

## Interest Paid | 27 k | 130 k | 302 k |

## Income Taxes Paid | 44 k | 26 k | 47 k |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 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 m | 1.4 m | 597 k | 2.6 m | 2.5 m | 1.9 m | 1.8 m | 1.4 m | 1.6 m |

## Inventories | 6.3 m | 6 m | 6.9 m | 7.3 m | 7.4 m | 7.4 m | 6 m | 6.1 m | 7.2 m |

## Accounts Payable | 1.6 m | 1.8 m | 1.6 m | 1.8 m | 1.4 m | 1.9 m | 1.9 m | 1.8 m | 1.8 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 35.3 k |

## Financial Leverage | 9.4 x |