Aehr Test Systems jumps on higher Q4 profit, acquisition deal

AEHR Test Systems

17/07/2024 10:02

** Shares of chip equipment testing firm Aehr Test Systems
 AEHR.O  climb 11.4% to $18.76 premarket
    ** Co reports Q4 adj. profit of 84 cents, compared to 23
cents a year ago
    ** Forecasts FY25 revenue of at least $70 bln
    ** Tests and burn-in of silicon carbide power semiconductors
to continue being key contributor to revenue, market enormous
opportunity for co - CEO Gayn Erickson 
    ** Separately, co announces acquisition of privately-held
Incal Technology for $21 mln-$14 mln in cash and 552,355 shares
of AEHR common stock
    ** AEHR stock up over 36% YTD, till last close

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))