Aehr Test Systems (NASDAQ:AEHR) Stock Sees Buying Interest At Lower Level: Should You Get In?

Aehr Test Systems (NASDAQ:AEHR) jumped 21% premarket after the company released its Q4 2021 and full-year financial results for the period ended May 31, 2021. The company reported net sales of $7.6 million, which is a 102% YoY increase.

GAAP net income was $567,000 or $0.02 per share relative to a net loss of $2.9 in Q4 2020, which included around $1.9 million in restructuring and inventory charges. During the quarter, bookings were up 113% YoY to $5.5 million and at the end of May backlog was $1.6 million.

The company reported net sales of $16.6 million for the full year, down from $22.3 million reported in fiscal 2020. In addition, Aehr reported a net loss of $2 million, including the non-cash net gain impact of $2.2 million and a tax benefit of around $215,000 associated with the closure of its subsidiary in Japan in Q1. However, CEO Gyn Erickson said they are delighted with revenue and operating profit improvement in Q4 2021, reflecting a return to pre-pandemic levels. So, in the coming months, AEHR is a stock to watch.

Market Reaction:

On Thursday, AEHR stock fell 0.71% at $2.81 with more than 1.73 million shares, compared to its average volume of 401k shares. The stock had moved within a range of $2.7501 – 2.9300 after opening the trade at $2.84. Over the past 52-week, the stock has been trading within a range of $1.1500 – 3.6000.