AEHR Aehr Test Systems

Aehr Test Systems engages in the design, manufacture and marketing of test and burn-in products to the semiconductor manufacturing industry. Its products include wafer contact test systems, test during burn-in systems, test fixtures and die carriers. The company was founded by Rhea J. Posedel on May 25, 1977 and is headquartered in Fremont, CA.
Company profile
Ticker
AEHR
Exchange
Website
CEO
Gayn Erickson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Itron • Teradyne • Cohu • Frequency Electronics • Allied Motion • Transcat • Data io • Intest • Giga Tronics • Reliability ...
SEC CIK
Corporate docs
IRS number
942424084
AEHR stock data
()
News
12 Information Technology Stocks Moving In Wednesday's After-Market Session
14 Apr 21
Aehr Test Systems Granted U.S. Patent Titled 'Electronics tester with power saving state'
13 Apr 21
12 Information Technology Stocks Moving In Friday's Intraday Session
9 Apr 21
38 Stocks Moving In Friday's Mid-Day Session
9 Apr 21
12 Information Technology Stocks Moving In Friday's Pre-Market Session
9 Apr 21
Press releases
Aehr Test Systems Reports Third Quarter Fiscal 2021 Financial Results; $8.0 Million Bookings Quarter Begins COVID-19 Recovery
8 Apr 21
Aehr Test Systems to Host Earnings Call
8 Apr 21
Aehr Test Systems to Announce Third Quarter Fiscal 2021 Financial Results on April 8, 2021
29 Mar 21
Aehr Receives $1.2 Million Order for Multiple WaferPaks™ for Full-Wafer Production Test and Burn-in of Silicon Photonics Devices
9 Mar 21
Aehr Receives FOX-XP™ Multi-Wafer Test & Burn-in Solution Order as Silicon Photonics Customer Makes Transition to Volume Production
1 Mar 21
Investment data
Securities sold
Number of investors
Calendar
13 Apr 21
17 Apr 21
31 May 21
Financial summary
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Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.82M | 4.82M | 4.82M | 4.82M | 4.82M | 4.82M |
Cash burn (monthly) | (positive/no burn) | 26.67K | 233.67K | 643.75K | 85.33K | 324.58K |
Cash used (since last report) | n/a | 44.3K | 388.16K | 1.07M | 141.75K | 539.19K |
Cash remaining | n/a | 4.77M | 4.43M | 3.75M | 4.68M | 4.28M |
Runway (months of cash) | n/a | 179.0 | 19.0 | 5.8 | 54.8 | 13.2 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
14 Apr 21 | Erickson Gayn | Common Stock | Payment of exercise | Dispose F | No | No | 2.26 | 1,615 | 3.65K | 601,271 |
1 Apr 21 | Richmond Donald P. Ii | Common stock | Other | Aquire J | No | No | 1.139 | 3,000 | 3.42K | 92,636 |
1 Apr 21 | Spink Kenneth B. | Common Stock | Other | Aquire J | No | No | 1.139 | 3,000 | 3.42K | 88,968 |
1 Apr 21 | Erickson Gayn | Common stock | Other | Aquire J | No | No | 1.139 | 2,661 | 3.03K | 602,886 |
19 Jan 21 | Hendrickson David S | Common Stock | Grant | Aquire A | No | No | 0 | 7,500 | 0 | 39,648 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
21.4% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 22 |
Opened positions | 5 |
Closed positions | 7 |
Increased positions | 7 |
Reduced positions | 4 |
13F shares |
Current |
---|---|
Total value | 37.88M |
Total shares | 4.98M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
AWM Investment | 1.9M | $4.8M |
Royce & Associates | 1.05M | $2.65M |
Vanguard | 919.28K | $2.33M |
Janney Montgomery Scott | 193.6K | $490K |
Manatuck Hill Partners | 128.2K | $324K |
Advisor | 123.05K | $311K |
Raymond James Financial Services Advisors | 119.7K | $303K |
Geode Capital Management | 112.96K | $285K |
CAPROCK | 95.48K | $242K |
Millennium Management | 75.26K | $190K |
Financial report summary
?Risks
- The effects of the COVID-19 pandemic have disrupted, and may continue to significantly disrupt, our operations, including our ability to manufacture and supply products and perform research and development activities, and our customers’ usage of our products, all of which have had and are expected to continue to have a material and adverse effect on our business, future revenues and financial condition. We are unable to predict the extent to which the pandemic and related impacts will continue to adversely impact our business operations, financial performance, results of operations and the achievement of our strategic objectives.
- We have incurred indebtedness under the CARES Act which may be subject to audit, may not be forgivable and may eventually have to be repaid. Any repayment of such indebtedness may limit the funds available to us and may restrict our flexibility in operating our business or otherwise adversely affect our results of operations.
- We generate a large portion of our sales from a small number of customers. If we were to lose one or more of our large customers, operating results could suffer dramatically.
- The semiconductor equipment industry is intensely competitive. In each of the markets we serve, we face competition from established competitors and potential new entrants, many of which have greater financial, engineering, manufacturing and marketing resources than us.
- We rely on increasing market acceptance for our FOX system, and we may not be successful in attracting new customers or maintaining our existing customers.
- We rely on continued market acceptance of our ABTS system and our ability to complete certain enhancements.
- A substantial portion of our net sales is generated by relatively small volume, high value transactions.
- We may experience increased costs associated with new product introductions.
- We sell our products and services worldwide, and our business is subject to risks inherent in conducting business activities in geographic regions outside of the United States.
- We purchase materials from suppliers worldwide, which subjects the Company to increased risk.
- The Company is exposed to cybersecurity threats or incidents.
- Our industry is subject to rapid technological change and our ability to remain competitive depends on our ability to introduce new products in a timely manner.
- Our dependence on subcontractors and sole source suppliers may prevent us from delivering our products on a timely basis and expose us to intellectual property infringement.
- Periodic economic and semiconductor industry downturns could negatively affect our business, results of operations and financial condition.
- Future changes in semiconductor technologies may make our products obsolete.
- If we are not able to reduce our operating expenses sufficiently during periods of weak revenue, or if we utilize significant amounts of cash to support operating losses, we may erode our cash resources and may not have sufficient cash to operate our business.
- Our stock price may fluctuate.
- We depend on our key personnel and our success depends on our ability to attract and retain talented employees.
- We may be subject to litigation relating to intellectual property infringement which would be time-consuming, expensive and a distraction from our business.
- While we believe we have complied with all applicable environmental laws, our failure to do so could adversely affect our business as a result of having to pay substantial amounts in damages or fees.
- If we fail to maintain effective internal control over financial reporting in the future, the accuracy and timing of our financial reporting may be adversely affected.
- Our common stock may be delisted from The NASDAQ Capital Market if we cannot maintain compliance with NASDAQ’s continued listing requirements.
Content analysis
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H.S. sophomore Avg
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New words:
criteria, Peso, Philippine, reliability, replacement, settle, submission, voluntary, withheld
Removed:
applicable, denominated, designed, hedge, incur, invested, lengthy, order, restructuring, ultimate
Financial reports
10-Q
2021 Q3
Quarterly report
13 Apr 21
10-Q
2021 Q2
Quarterly report
14 Jan 21
10-Q
2021 Q1
Quarterly report
14 Oct 20
10-K
2020 FY
Annual report
28 Aug 20
10-Q
2020 Q3
Quarterly report
14 Apr 20
10-Q
2020 Q2
Quarterly report
14 Jan 20
10-Q
2020 Q1
Quarterly report
15 Oct 19
10-K
2019 FY
Annual report
28 Aug 19
10-Q
2019 Q3
Quarterly report
12 Apr 19
10-Q
2019 Q2
Quarterly report
14 Jan 19
Current reports
8-K
Results of Operations and Financial Condition
8 Apr 21
8-K
Entry into a Material Definitive Agreement
20 Jan 21
8-K
Aehr Test Systems Reports Second Quarter Fiscal 2021 Financial Results
7 Jan 21
8-K
Submission of Matters to a Vote of Security Holders
23 Oct 20
8-K
Aehr Test Systems Reports First Quarter Fiscal 2021 Financial Results and Maintains Financial Guidance for Growth and Profitability in Fiscal 2021
24 Sep 20
8-K
Amendments to Articles of Incorporation or Bylaws
9 Sep 20
8-K
Departure of Directors or Certain Officers
9 Sep 20
8-K
Aehr Test Systems announces changes to its Board of Directors
9 Sep 20
8-K
Aehr Test Systems Reports Fiscal 2020 Fourth Quarter and Full Year
16 Jul 20
8-K
Entry into a Material Definitive Agreement
28 Apr 20
Registration and prospectus
S-8
Registration of securities for employees
18 Nov 20
S-8
Registration of securities for employees
23 Nov 19
S-8
Registration of securities for employees
21 Nov 18
424B5
Prospectus supplement for primary offering
13 Apr 17
424B5
Prospectus supplement for primary offering
9 Apr 17
S-3
Shelf registration
16 Mar 17
S-8
Registration of securities for employees
13 Nov 16
S-3
Shelf registration
24 Oct 16
D
$5.85M in equity, sold $5.85M, 10 investors
2 Oct 16
D/A
$6.11M in debt / Convertible Notes, sold $6.11M, 2 investors
24 Jan 16
Proxies
DEF 14A
Definitive proxy
24 Sep 20
DEF 14A
Definitive proxy
26 Sep 19
DEF 14A
Definitive proxy
25 Sep 18
DEF 14A
Definitive proxy
25 Sep 17
DEF 14A
Definitive proxy
25 Sep 16
DEF 14A
Definitive proxy
24 Sep 15
DEF 14A
Definitive proxy
25 Sep 14
DEF 14A
Definitive proxy
25 Sep 13
DEF 14A
Definitive proxy
25 Sep 12
DEF 14A
Definitive proxy
26 Sep 11
Other
EFFECT
Notice of effectiveness
23 Mar 17
CORRESP
Correspondence with SEC
20 Mar 17
UPLOAD
Letter from SEC
20 Mar 17
EFFECT
Notice of effectiveness
13 Nov 16
CORRESP
Correspondence with SEC
7 Nov 16
UPLOAD
Letter from SEC
7 Nov 16
EFFECT
Notice of effectiveness
21 May 15
UPLOAD
Letter from SEC
6 Apr 09
CORRESP
Correspondence with SEC
1 Apr 09
UPLOAD
Letter from SEC
2 Mar 09
Ownership
4
AEHR TEST SYSTEMS / Gayn Erickson ownership change
14 Apr 21
4
AEHR TEST SYSTEMS / Gayn Erickson ownership change
2 Apr 21
4
AEHR TEST SYSTEMS / KENNETH B. SPINK ownership change
2 Apr 21
4
AEHR TEST SYSTEMS / DONALD P. RICHMOND II ownership change
2 Apr 21
SC 13G/A
AEHR TEST SYSTEMS / ROYCE & ASSOCIATES ownership change
29 Jan 21
4
AEHR TEST SYSTEMS / Gayn Erickson ownership change
28 Jan 21
4/A
AEHR TEST SYSTEMS / DAVID S HENDRICKSON ownership change
22 Jan 21
4
AEHR TEST SYSTEMS / MARIO M ROSATI ownership change
21 Jan 21
4
AEHR TEST SYSTEMS / RHEA J POSEDEL ownership change
20 Jan 21
4
AEHR TEST SYSTEMS / HOWARD T SLAYEN ownership change
20 Jan 21
Patents
GRANT
Utility
Electronics tester with power saving state
13 Apr 21
The invention relates to a tester apparatus of the kind including a portable supporting structure for removably holding and testing a substrate carrying a microelectronic circuit.
APP
Utility
Apparatus for Testing Electronic Devices
28 Jan 21
An apparatus is described for burn-in and/or functional testing of microelectronic circuits of unsingulated wafers.
GRANT
Utility
Apparatus for testing electronic devices
30 Nov 20
An apparatus is described for burn-in and/or functional testing of microelectronic circuits of unsingulated wafers.
APP
Utility
Electronics Tester with Power Saving State
23 Sep 20
The invention relates to a tester apparatus of the kind including a portable supporting structure for removably holding and testing a substrate carrying a microelectronic circuit.
APP
Utility
System for Testing an Integrated Circuit of a Device and Its Method of Use
12 Aug 20
A cartridge, including a cartridge frame, formations on the cartridge frame for mounting the cartridge frame in a fixed position to an apparatus frame, a contactor support structure, a contactor interface on the contactor support structure, a plurality of terminals, held by the contactor support structure, for contacting contacts on a device, and a plurality of conductors, held by the contactor support structure, connecting the interface to the terminals.
Transcripts
2021 Q3
Earnings call transcript
9 Apr 21
2021 Q2
Earnings call transcript
8 Jan 21
2021 Q1
Earnings call transcript
24 Sep 20
2020 Q4
Earnings call transcript
17 Jul 20
2020 Q3
Earnings call transcript
2 Apr 20
2020 Q2
Earnings call transcript
9 Jan 20
2020 Q1
Earnings call transcript
3 Oct 19
2019 Q4
Earnings call transcript
18 Jul 19
2019 Q3
Earnings call transcript
4 Apr 19
2019 Q2
Earnings call transcript
10 Jan 19
Reddit threads
Daily Discussion Thread - April 8th, 2021
8 Apr 21
Daily Discussion Thread - April 7th, 2021
7 Apr 21
Daily Discussion Thread - April 6th, 2021
6 Apr 21
Daily Discussion Thread - April 5th, 2021
5 Apr 21
Daily Discussion Thread - March 30th, 2021
30 Mar 21
Daily Discussion Thread - March 29th, 2021
29 Mar 21
Daily Discussion Thread - January 7th, 2021
7 Jan 21
Daily Discussion Thread - January 6th, 2021
6 Jan 21
Daily Discussion Thread - January 5th, 2021
5 Jan 21
Daily Discussion Thread - January 4th, 2021
4 Jan 21