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Test equipment supplier posts profit on sales jump

Posted by iNext - 2006-01-08

SAN FRANCISCO — Semiconductor test and burn-in equipment supplier Aehr Test Systems Thursday (Jan. 5) reported a big jump in sequential and year-to-year revenue for the second quarter of fiscal 2006, which closed Nov. 30.

Aehr (Fremont, Calif.) reported net sales of $5.8 million, up 21 percent from the $4.8 million reported for the second quarter of fiscal 2005 and 25 percent from the $4.6 million reported in the first quarter of fiscal 2006.

The company reported a profit of $166,000, or 2 cents per diluted share for the fiscal second quarter. By contrast Aehr reported net losses of $200,000 for the previous quarter and of $599,000 for the same period of fiscal 2005.

"I am extremely pleased to report that Aehr Test returned to profitability during the quarter. Net sales were strong, driven primarily by the $5 million in MAX system follow-on orders from a major, U.S.-based IC manufacturer which we announced in September of last year," said Rhea Posedel, Aehr chairman and CEO, in a statement.

"We expect to see good demand for our MAX products throughout the remainder of fiscal 2006, and also believe that orders for our MTX-Fp+ parallel test systems will contribute to increased net sales," Posedel said.

Gary Larson, Aehr vice president and chief financial officer, said the company expects net sales and profitability to increase for the third quarter of fiscal 2006.

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