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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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.
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.
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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