$42 M

AEHR Mkt cap, 04-Dec-2018

$4.7 M

Aehr Test Systems Revenue Q1, 2019
Aehr Test Systems Gross profit (Q1, 2019)1.6 M
Aehr Test Systems Gross profit margin (Q1, 2019), %32.8%
Aehr Test Systems Net income (Q1, 2019)-1.5 M
Aehr Test Systems EBIT (Q1, 2019)-1.4 M
Aehr Test Systems Cash, 31-Aug-201815.9 M
Aehr Test Systems EV32.3 M

Aehr Test Systems Revenue

Aehr Test Systems revenue was $29.56 m in FY, 2018

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Aehr Test Systems Revenue Breakdown

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Aehr Test Systems revenue breakdown by geographic segment: 41.1% from United States, 55.2% from Asia and 3.7% from Other

Aehr Test Systems Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

19.7m10.0m14.5m18.9m29.6m

Revenue growth, %

(49%)45%30%

Cost of goods sold

9.5m6.2m9.4m12.1m17.2m

Gross profit

10.2m3.8m5.1m6.8m12.4m

Gross profit Margin, %

52%38%35%36%42%

R&D expense

4.1m4.3m4.7m4.2m

General and administrative expense

6.5m7.0m7.1m7.3m

Operating expense total

10.5m11.3m11.7m11.5m

EBIT

497.0k(6.7m)(6.2m)(4.9m)915.0k

EBIT margin, %

3%(67%)(42%)(26%)3%

Interest expense

26.0k130.0k605.0k678.0k399.0k

Pre tax profit

(6.6m)(6.8m)(5.6m)

Income tax expense

15.0k34.0k10.0k25.0k73.0k

Net Income

422.0k(6.6m)(6.8m)(5.7m)528.0k

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

3.8m5.0m5.6m3.6m2.6m2.0m6.6m4.6m1.7m5.3m4.2m2.7m7.0m14.9m22.3m4.7m

Cost of goods sold

1.8m2.5m2.7m1.9m1.9m1.2m3.3m2.9m1.5m3.1m2.8m2.2m4.1m8.8m13.1m3.2m

Gross profit

1.9m2.5m2.9m1.6m694.0k852.0k3.4m1.7m169.0k2.2m1.5m503.0k2.9m6.0m9.2m1.6m

Gross profit Margin, %

52%50%51%45%27%42%51%37%10%41%35%19%42%41%41%33%

R&D expense

681.0k798.0k907.0k959.0k1.1m1.0m1.1m923.0k1.3m1.1m1.0m1.2m955.0k2.0m3.1m1.1m

General and administrative expense

1.4m1.5m1.7m1.6m1.7m1.6m1.8m1.7m1.7m1.7m1.7m1.7m1.8m3.6m5.5m1.9m

Operating expense total

2.1m2.3m2.6m2.6m2.8m2.6m2.9m2.6m3.0m2.8m2.7m3.0m2.7m5.7m8.6m3.0m

EBIT

(157.0k)179.0k262.0k(973.0k)(2.1m)(1.8m)476.0k(945.0k)(2.8m)(570.0k)(1.3m)(2.5m)172.0k359.0k666.0k(1.4m)

EBIT margin, %

(4%)4%5%(27%)(82%)(87%)7%(20%)(168%)(11%)(30%)(92%)2%2%3%(30%)

Interest expense

4.0k10.0k7.0k14.0k8.0k7.0k135.0k137.0k165.0k178.0k181.0k178.0k107.0k212.0k310.0k78.0k

Pre tax profit

(751.0k)80.0k

Income tax expense

29.0k(2.0k)(22.0k)49.0k(19.0k)(66.0k)(23.0k)(21.0k)33.0k(4.0k)(30.0k)(2.0k)5.0k(10.0k)81.0k(4.0k)

Net Income

(166.0k)137.0k212.0k(907.0k)(2.1m)(1.7m)294.0k(1.0m)(3.0m)(755.0k)(1.5m)(2.7m)10.0k70.0k337.0k(1.5m)

Aehr Test Systems Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

1.8m5.5m939.0k17.8m16.8m

Accounts Receivable

3.4m1.4m522.0k4.0m2.9m

Prepaid Expenses

254.0k961.0k

Inventories

6.1m7.1m7.0m6.6m9.0m

Current Assets

11.7m14.3m8.7m29.4m29.5m

PP&E

474.0k478.0k1.2m1.4m1.2m

Total Assets

12.2m14.9m10.0m30.9m31.0m

Accounts Payable

1.9m724.0k1.4m2.8m1.8m

Short-term debt

6.1m

Current Liabilities

5.1m6.5m4.7m7.9m11.1m

Long-term debt

777.0k6.0m6.1m

Total Debt

777.0k6.0m6.1m6.1m

Total Liabilities

10.8m14.1m11.7m

Common Stock

132.0k213.0k

Additional Paid-in Capital

52.1m56.5m58.1m81.3m83.0m

Retained Earnings

(47.7m)(54.3m)(61.1m)(66.8m)(66.2m)

Total Equity

7.0m4.6m(723.0k)16.8m19.3m

Debt to Equity Ratio

0.1 x-8.2 x0.4 x0.3 x

Debt to Assets Ratio

0.1 x0.6 x0.2 x0.2 x

Financial Leverage

1.7 x3.3 x-13.9 x1.8 x1.6 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

2.4m2.5m1.8m2.1m3.6m2.3m3.7m2.0m2.5m2.3m5.2m2.0m14.0m10.0m9.1m15.9m

Accounts Receivable

2.7m3.4m2.1m1.4m597.0k2.6m2.5m1.9m1.8m1.4m1.6m5.3m3.5m4.7m2.3m

Inventories

5.4m5.7m5.9m6.3m6.0m6.9m7.3m7.4m7.4m6.0m6.1m7.2m9.0m8.2m9.4m9.6m

Current Assets

11.1m11.3m11.6m10.8m11.3m10.2m14.0m12.3m12.1m10.5m13.0m11.2m30.4m29.7m30.4m28.4m

PP&E

246.0k249.0k311.0k492.0k538.0k502.0k465.0k576.0k1.3m789.0k793.0k861.0k1.1m1.2m1.2m1.2m

Total Assets

11.4m11.6m11.9m11.4m12.0m10.7m14.6m12.9m13.4m11.3m13.9m12.2m31.6m31.0m32.0m29.9m

Accounts Payable

1.4m1.9m2.3m1.6m1.8m1.6m1.8m1.4m1.9m1.9m1.8m1.8m3.5m1.8m2.6m1.3m

Short-term debt

6.1m

Current Liabilities

6.2m5.7m5.5m4.8m4.5m4.8m5.2m4.2m7.4m6.0m4.2m4.7m8.1m6.5m6.6m11.3m

Long-term debt

947.0k476.0k406.0k1.0m642.0k115.0k2.0m6.1m6.1m

Total Debt

947.0k476.0k406.0k1.0m642.0k115.0k2.0m6.1m6.1m6.1m

Total Liabilities

6.4m5.8m5.6m4.8m4.5m4.8m9.2m8.2m11.4m12.1m10.3m10.9m14.3m12.9m13.2m11.8m

Additional Paid-in Capital

50.8m51.4m51.7m52.7m55.7m56.0m57.1m57.6m57.8m58.8m64.6m64.9m81.6m82.3m82.7m83.4m

Retained Earnings

(48.3m)(48.1m)(47.9m)(48.6m)(50.7m)(52.4m)(54.0m)(55.1m)(58.1m)(61.9m)(63.3m)(66.0m)(66.8m)(66.7m)(66.4m)(67.8m)

Total Equity

5.1m5.8m6.4m6.6m7.5m5.9m5.4m4.8m2.0m3.6m1.3m17.3m18.1m18.8m18.1m

Debt to Equity Ratio

0.2 x0.1 x0.1 x0.2 x0.1 x0 x1 x0.3 x0.3 x0.3 x

Debt to Assets Ratio

0.1 x0 x0 x0.1 x0.1 x0 x0.1 x0.2 x0.2 x0.2 x

Financial Leverage

2.3 x2 x1.9 x1.7 x1.6 x1.8 x2.7 x2.7 x6.6 x3.8 x9.4 x1.8 x1.7 x1.7 x1.6 x

Aehr Test Systems Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

422.0k(6.6m)(6.8m)(5.7m)528.0k

Depreciation and Amortization

141.0k135.0k203.0k271.0k417.0k

Accounts Receivable

(720.0k)1.8m887.0k(3.5m)1.3m

Inventories

(740.0k)(1.0m)70.0k430.0k(2.1m)

Accounts Payable

707.0k(850.0k)564.0k1.7m(1.1m)

Cash From Operating Activities

(607.0k)(2.3m)(6.3m)(4.5m)(1.4m)

Purchases of PP&E

(339.0k)(118.0k)(919.0k)(477.0k)(572.0k)

Cash From Investing Activities

(289.0k)(118.0k)(919.0k)(477.0k)(572.0k)

Short-term Borrowings

(777.0k)2.0m

Long-term Borrowings

3.8m(6.0k)

Cash From Financing Activities

391.0k6.4m2.5m21.8m925.0k

Net Change in Cash

3.7m(4.6m)16.9m

Interest Paid

27.0k130.0k302.0k516.0k550.0k

Income Taxes Paid

44.0k26.0k47.0k18.0k37.0k

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

(166.0k)137.0k212.0k(907.0k)(2.1m)(1.7m)294.0k(1.0m)(3.0m)(755.0k)(1.5m)(2.7m)10.0k70.0k337.0k(1.5m)

Depreciation and Amortization

89.0k190.0k300.0k111.0k

Accounts Receivable

2.1m1.4m597.0k2.6m2.5m1.9m1.8m1.4m1.6m(1.3m)592.0k(527.0k)563.0k

Inventories

6.3m6.0m6.9m7.3m7.4m7.4m6.0m6.1m7.2m(2.0m)(1.2m)(2.4m)(536.0k)

Accounts Payable

1.6m1.8m1.6m1.8m1.4m1.9m1.9m1.8m1.8m651.0k(1.0m)(268.0k)(398.0k)

Cash From Operating Activities

(3.9m)(2.2m)(3.1m)(971.0k)

Purchases of PP&E

(184.0k)(313.0k)(458.0k)(84.0k)

Cash From Investing Activities

(184.0k)(6.3m)(6.4m)(84.0k)

Cash From Financing Activities

234.0k601.0k727.0k109.0k

Aehr Test Systems Ratios

USDY, 2018

EV/EBIT

-22.4 x

EV/CFO

-33.3 x

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.6 x
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Aehr Test Systems Employee Rating

5.01 votes
Culture & Values
5.0
Work/Life Balance
5.0
Senior Management
5.0
Salary & Benefits
4.0
Career Opportunities
4.0
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