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Aehr Test Systems (AEHR) Files 10-K for the Fiscal Year Ended on May 31, 2018

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Aehr Test Systems (AEHR) files its latest 10-K with SEC for the fiscal year ended on May 31, 2018. Aehr Test Systems is engaged in the designing, manufacturing and marketing of test and burn-in products to the semiconductor manufacturing industry in several geographic areas. Aehr Test Systems has a market cap of $55.980 million; its shares were traded at around $2.55 with a P/E ratio of 127.50 and P/S ratio of 1.92.


For the last quarter Aehr Test Systems reported a revenue of $7.27 million, compared with the revenue of $6.68 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $29.6 million, an increase of 56.4% from last year. For the last five years Aehr Test Systems had an average revenue growth rate of 9.5% a year.

The reported diluted earnings per share was 2 cents for the year, compared with the loss per share of $0.04 in the previous year. The Aehr Test Systems had an operating margin of 3.1%, compared with the operating margin of -26.08% a year before. The 10-year historical median operating margin of Aehr Test Systems is -27.56%. The profitability rank of the company is 2 (out of 10).

At the end of the fiscal year, Aehr Test Systems has the cash and cash equivalents of $16.8 million, compared with $17.8 million in the previous year. The company had no long term debt, compared with $6.11 million in the previous year. The interest coverage to the debt is 2.3, which is not a favorable level. Aehr Test Systems has a financial strength rank of 6 (out of 10).

At the current stock price of $2.55, Aehr Test Systems is traded at 23.2% premium to its historical median P/S valuation band of $2.07. The P/S ratio of the stock is 1.92, while the historical median P/S ratio is 1.56. The stock lost 31.27% during the past 12 months.

Directors and Officers Recent Trades:

  • VP of Marketing Carl N Buck sold 4,900 shares of AEHR stock on 08/17/2018 at the average price of $2.38. The price of the stock has increased by 7.14% since.
  • VP of Marketing Carl N Buck sold 2,600 shares of AEHR stock on 08/06/2018 at the average price of $2.39. The price of the stock has increased by 6.69% since.
  • Director John M. Schneider sold 14,168 shares of AEHR stock on 08/02/2018 at the average price of $2.4. The price of the stock has increased by 6.25% since.

For the complete 20-year historical financial data of AEHR, click here.

This article first appeared on GuruFocus.