Aehr jumps on $12.8 mln order for chip testing products, rosy results

AEHR Test Systems

19/07/2022 22:11

** Semiconductor equipment testing firm AEHR  AEHR.O  shares
up 5% at $9.66 in extended trade 
    ** Co receives $12.8 mln in follow-on orders for multiple
Fox-XP systems and WaferPak contactors (nGNX3d4r6q)
    ** Co posts a boost of 166% in qtrly rev to $20.3 mln,
driven by demand for semiconductor wafer test and burn-in for
electric vehicles (nGNX37RGqS)
    ** The silicon carbide market for electric vehicles and its
supporting infrastructure requirements are growing at a
tremendous rate, says co (nGNX37RGqS)
    ** AEHR expects total FY rev to be at least $60 mln to $70
mln (nGNX37RGqS)
    ** Up to Tuesday's close, stock had fallen 61.95% YTD

 (Reporting by Shreyaa Narayanan in Bengaluru)
 ((Shreyaa.Narayanan@thomsonreuters.com))