Aehr Reported Prelim Q3 Revenue of $7.6M Vs $14.32M Est, Adj EPS Loss of $(0.03)-$(0.04) Vs $0.13 Est, FY24 Revenue of $65M Vs $77.41M Est, Adj EPS of $0.48 Vs $0.77 Est

Author: Benzinga Newsdesk | March 25, 2024 07:46am

For the fiscal third quarter ended February 29, 2024, Aehr expects:

• Revenue of approximately $7.6 million
• GAAP net loss of approximately $1.5 million to $1.8 million, or $0.05 to $0.06 per diluted share
• Non-GAAP net loss of approximately $0.9 million to $1.2 million, or $0.03 to $0.04 per diluted share, which excludes the impact of stock-based compensation
• Bookings of $24.5 million
• Backlog as of February 29, 2024, of $20 million

For the fiscal 2024 full year ending May 31, 2024, Aehr expects:

• Total revenue of at least $65 million
• GAAP net income of approximately $11 million or more, or $0.38 per diluted share
• Non-GAAP net income of approximately $14 million or more, or $0.48 per diluted share, which excludes the impact of stock-based compensation

Posted In: AEHR