Aehr Test Systems (NASD: AEHR), a leading supplier of semiconductor test and burn-in equipment, recently announced its financial results for the first quarter of fiscal 2009, ended August 31, 2008. The company reported net sales of $9.7 million for the first quarter of fiscal 2009, an increase of 27 percent from $7.7 million in the first quarter of fiscal 2008 with net income of $865,000, or $0.10 per diluted share, compared with net income of $779,000, or $0.09 per diluted share, for the same period one-year earlier. Income from operations totaled $1.4 million during the first quarter of fiscal 2009, a significant 89-percent year-over-year increase.
Aehr Test Systems has developed and introduced several state-of-the-art technology products, including the ABTS, FOX™, MTX and MAX systems, and the DiePak® carrier. The FOX system is a full wafer contact test and burn-in system. The company is currently expanding its market reach in order to create additional growth catalysts beyond the FOX products. Aehr Test Systems plans to introduce new core parallel test and burn-in systems specifically designed for high-power logic, DRAM and flash memory devices in order to capture additional market opportunities.
The chairman and chief executive officer of Aehr Test Systems, Rhea Posedel, recently commented, “We did an excellent job in managing our costs to deliver higher year-over-year operating profits. This 89 percent growth is significant considering the weakness in our industry.” Based on expected shipment schedules for FOX products, the company believes that its net sales in the second quarter of fiscal 2009 will be higher on both a sequential quarter and year-over-year basis.
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