Aehr Test Systems drops on lower Q2 results

AEHR Test Systems

13/01/2025 22:31

** Shares of semiconductor testing company Aehr Test Systems
 AEHR.O  fall 11.13% to $14.21 in after-hours trading
    ** Company reports Q2 net revenue of $13.5 mln compared to
$21.4 mln in the same period last year
    ** Posts adjusted Q2 net income of 2 cents/shr, vs 23
cents/shr a year ago
    ** "Growth in silicon carbide sales outside of China should
remain challenging before recovering in calendar 2026" - CEO
Gayn Erickson
    ** Company reiterates its prior annual forecast for total
revenue and adjusted profit 
    ** AEHR stock fell 37.32% in 2024

 (Reporting by Aamir Sohail in Bengaluru)
 ((Aamir.Sohail@thomsonreuters.com;))