Aehr Test Systems (NASDAQ:AEHR) 1Q20 Loss Restricted

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Aehr Test Systems (NASDAQ:AEHR) on Thursday disclosed first quarter financial results after market close.

The company AEHR recorded loss for the first quarter of $ 0.41 million or $ 0.02 per share, compared to loss of $ 1.52 million or $ 0.07 per share, in the same quarter last year.

AEHR reported first quarter Non-GAAP net loss of $ 0.21 million or or $ 0.01 per share, while The consensus estimates are loss of $ 0.02 per share

Topline results for the first quarter improved 16.67 percent to $ 5.53 million from $ 4.74 million in the same quarter last year, where as Street analysts expected $ 5.58 million.

Analysts estimates are from Thomson Reuters, exclude one time gain or loss.

Gayn Erickson, President and CEO, commented, We are seeing continued growth in customer engagements worldwide, particularly for high growth applications that include photonics, silicon carbide, automotive, and memory, and remain very optimistic about the market acceptance and the new opportunities we see for our full family of FOX-P™ wafer level and singulated die test and burn-in solutions.

For full year 2020 top line outlook are to be in a range between $ 27.00 million and $ 31.00 million

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