Benzinga | Jul 16, 2021 05:48AM EDT

Aehr Test Systems Beats On Q4 Results, Sees FY22 Revenue Above Consensus

* Semiconductor equipment supplier Aehr Test Systems (NASDAQ:AEHR) reported fourth-quarter FY21 net sales growth of 102% year-on-year at $7.6 million, beating analyst consensus of $7.03 million.

* Bookings rose 113% Y/Y to $5.5 million.

* It reported a gross margin was 46.3%.

* The operating margin was 7.9%.

* The non-GAAP EPS of $0.04 beat the analyst consensus of $0.02.

* It held $4.6 million in cash and equivalents.

* Outlook: Aehr sees FY22 revenue of over $28 million, implying 70% Y/Y growth, beating analyst consensus of $20.15 million.

* It expects to be profitable for the fiscal year 2022.

* Momentum in wafer-level test and burn-in of silicon carbide devices for electric vehicles, silicon photonics devices for data center and 5G infrastructure, and 2D/3D sensors for mobile devices drove the outlook.

* Price action: AEHR shares traded higher by 21.04% at $3.39 in the premarket session on the last check Friday.