Aehr Test Systems
Ken Spink
Chief Financial Officer
(510) 623-9400 x309

Investor Relations Contact:
Todd Kehrli or Jim Byers
MKR Group, Inc.
(323) 468-2300
aehr@mkr-group.com

– Financial Tables to Follow –

AEHR TEST SYSTEMS AND SUBSIDIARIES
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)
		Three Months Ended												Nine Months Ended
		Feb 28,				Nov 30,				Feb 28,				Feb 28,				Feb 28,
			2018				2017				2017				2018				2017
Net sales		$	7,393			$	7,923			$	2,681			$	22,286			$	12,215
Cost of sales			4,217				4,792				2,178				13,061				8,043
Gross profit			3,176				3,131				503				9,225				4,172
Operating expenses:
Selling, general and administrative			1,829				1,854				1,724				5,474				5,147
Research and development			1,040				1,090				1,248				3,085				3,348
Total operating expenses			2,869				2,944				2,972				8,559				8,495
Income (loss) from operations			307				187				(2,469	)			666				(4,323	)
Interest expense, net			(98	)			(105	)			(178	)			(310	)			(537	)
Other (expense) income, net			(33	)			(7	)			(2	)			(100	)			38
Income (loss) before income tax benefit (expense)			176				75				(2,649	)			256				(4,822	)
Income tax benefit (expense)			91				(15	)			(2	)			81				(36	)
Net income (loss)			267				60				(2,651	)			337				(4,858	)
Less: Net income attributable to the
	noncontrolling interest		-				-				-				-				-
Net income (loss) attributable to Aehr Test
	Systems common shareholders	$	267			$	60			$	(2,651	)		$	337			$	(4,858	)
Net income (loss) per share
Basic		$	0.01			$	0.00			$	(0.16	)		$	0.02			$	(0.32	)
Diluted		$	0.01			$	0.00			$	(0.16	)		$	0.01			$	(0.32	)
Shares used in per share calculations:
Basic			21,832				21,645				16,672				21,631				15,411
Diluted			22,641				22,883				16,672				22,838				15,411