On Friday, Shares of Aehr Test Systems (NASDAQ: AEHR) gained 0.49% to $2.01. The stock opened its trade at $2.00 and after floating in a price range of $2.00 to $2.02; the stock grabbed the investor’s attention and traded 9,354 shares as compared to its average daily volume of 57.35K shares. The stock’s institutional ownership stands at 22.30%.
Aehr Test Systems (AEHR), a worldwide supplier of semiconductor test and burn-in equipment, recently declared financial results for its first quarter of fiscal 2019 ended August 31, 2018.
Fiscal First Quarter Financial Results:
- Net sales were $4.70M, contrast to $7.00M in the first quarter of fiscal 2018.
- GAAP net loss was $1.50M, or $0.07 per diluted share, contrast to GAAP net income of $10.0K, or $0.00 per diluted share, in the first quarter of fiscal 2018.
- Non-GAAP net loss, which excludes the impact of stock-based compensation expense, was $1.30M, or $0.06 per diluted share, contrast to non-GAAP net income of $226.0K, or $0.01 per diluted share, in the first quarter of fiscal 2018.
- Backlog as of August 31, 2018 was $6.10M.
AEHR has a market value of $44.48M while its EPS was booked as $-0.05 in the last 12 months. The stock has 22.24M shares outstanding. In the profitability analysis, the company has gross profit margin of 40.30% while net profit margin was -3.60%. Beta value of the company was 0.57; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.00.