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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
SEC CIK
IRS number
942424084

AEHR stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

13 Apr 21
17 Apr 21
31 May 21
Quarter (USD)
Feb 21 Nov 20 Aug 20 May 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
May 20 May 19 May 18 May 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

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

Beta Read what these cash burn values mean

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

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 Prev Q Change
Total holders 22 24 -8.3%
Opened positions 5 4 +25.0%
Closed positions 7 1 +600.0%
Increased positions 7 5 +40.0%
Reduced positions 4 7 -42.9%
13F shares
Current Prev Q Change
Total value 37.88M 7.76M +388.0%
Total shares 4.98M 5.59M -10.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
AWM Investment 1.9M $4.8M 0.0%
Royce & Associates 1.05M $2.65M -19.0%
Vanguard 919.28K $2.33M +2.6%
Janney Montgomery Scott 193.6K $490K -2.3%
Manatuck Hill Partners 128.2K $324K NEW
Advisor 123.05K $311K +9.0%
Raymond James Financial Services Advisors 119.7K $303K +10.1%
Geode Capital Management 112.96K $285K 0.0%
CAPROCK 95.48K $242K +91.0%
Millennium Management 75.26K $190K NEW
Largest transactions
Shares Bought/sold Change
Kennedy Capital Management 0 -397.39K EXIT
Royce & Associates 1.05M -246K -19.0%
Essex Investment Management 0 -236.66K EXIT
Manatuck Hill Partners 128.2K +128.2K NEW
Millennium Management 75.26K +75.26K NEW
CAPROCK 95.48K +45.48K +91.0%
Vanguard 919.28K +23.6K +2.6%
Minerva Advisors 0 -17.4K EXIT
VIRT Virtu Financial 0 -13.24K EXIT
Founders Capital Management 12K +12K NEW

Financial report summary

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Competition
TeradyneFormFactorAdvantest
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.
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