Aehr Test Systems Reports 93% Revenue Growth Year over Year in

Aehr Test Systems Reports 93% Revenue Growth Year over Year in Third Quarter

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– 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 29,			Nov 30,			Feb 28,			Feb 29,			Feb 28,
		2020			2019			2019			2020			2019

Net sales		$	6,111		$	6,874		$	3,163		$	18,518		$	13,814
Cost of sales			3,120			3,672			2,891			10,054			9,591
Gross profit			2,991			3,202			272			8,464			4,223

Operating expenses:
Selling, general and administrative			1,891			2,157			1,850			5,856			5,706
Research and development			845			795			931			2,532			3,033
Restructuring			-			-			607			-			607
Total operating expenses			2,736			2,952			3,388			8,388			9,346

Income (loss) from operations			255			250			(3,116	)		76			(5,123	)

Interest income (expense), net			13			2			(76	)		27			(228	)
Other (expense) income, net			(9	)		5			(11	)		6			27

Income (loss) before income tax (expense) benefit			259			257			(3,203	)		109			(5,324	)

Income tax (expense) benefit			(14	)		(6	)		2			(26	)		(21	)

Net income (loss)			245			251			(3,201	)		83			(5,345	)

Less: Net income attributable to the
	noncontrolling interest		-			-			-			-			-

Net income (loss) attributable to Aehr Test
	Systems common shareholders	$	245		$	251		$	(3,201	)	$	83		$	(5,345	)

Net income (loss) per share
Basic		$	0.01		$	0.01		$	(0.14	)	$	0.00		$	(0.24	)
Diluted		$	0.01		$	0.01		$	(0.14	)	$	0.00		$	(0.24	)

Shares used in per share calculations:
Basic			22,937			22,823			22,459			22,823			22,314
Diluted			23,130			22,912			22,459			22,940			22,314