Aehr Test Systems climbs as Q4 revenue jumps

AEHR Test Systems

20/07/2022 11:19

** Semiconductor equipment testing firm Aehr Test Systems
 AEHR.O  up nearly 6% at $9.75 premarket
    ** The company reported Q4 sales on Tuesday that more than
doubled to $20.3 mln  urn:newsml:reuters.com:*:nGNX37RGqS
    ** Company expects FY 2023 revenue to be at least $60 mln to
$70 mln vs $50.8 mln last year, citing rising demand in the
electric vehicle market
    ** Separately, AEHR said it received $12.8 mln in follow-on
orders for its products by one of its customers to support
testing of devices for EV market  urn:newsml:reuters.com:*:nGNX3d4r6q
    ** Company's shares down nearly 62% YTD, as of last close

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com))