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Aehr Test Systems Reports Operating Results for Fiscal Quarter Ended on 2008-11-30

January 13, 2009 | About:
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Aehr Test Systems (AEHR) filed Quarterly Report for the period ended 2008-11-30.

Aehr Test Systems develops manufactures and sells systems which aredesigned to reduce the cost of testing DRAMs and other memory devices perform reliability screening or burn-in of complex logic and memory devices and enable IC manufacturers to perform test and burn-in of bare die. Leveraging its expertise as a long-time leading provider of burn-in equipment with over 2000 systems installed worldwide the Company has developed and introduced two innovative product families the MTX system and the DiePak-Registered Trademark- carrier. Aehr Test Systems has a market cap of $20.17 million; its shares were traded at around $2.08 with a P/E ratio of 3.2 and P/S ratio of 0.52.

Highlight of Business Operations:

Net income per share - basic . . . . . $ 0.10 $ 0.17 $ 0.21 $ 0.27

Net income per share - diluted . . . . $ 0.10 $ 0.16 $ 0.20 $ 0.26



Cost of sales . . . . . . . . . . . . . . . $ 42 $ 20 $ 81 $ 31

Selling, general and administrative . . . . 178 116 333 229

Research and development . . . . . . . . . . 110 67 202 136

- - - -

Total stock-based compensation . . . . . . . 330 203 616 396

Tax effect on stock-based compensation . . . (132) (4) (255) (8)

- - - -

Net effect on net income . . . . . . . . . . $198 $199 $361 $388

= = = =

Effect on net income per share:

Basic . . . . . . . . . . . . . . . . . . $0.02 $0.03 $0.04 $0.05

Diluted . . . . . . . . . . . . . . . . . $0.02 $0.02 $0.04 $0.05





Three months ended Six Months Ended

November 30, November 30,

- -

2008 2007 2008 2007

- - - -



Option Plan Shares

Expected Term (in years).................... 5 5 5 5

Volatility.................................. 0.76 0.72 0.74 0.74

Expected Dividend........................... $0.00 $0.00 $0.00 $0.00

Risk-free Interest Rates.................... 2.51% 4.02% 3.00% 4.70%

Estimated Forfeiture Rate................... 2% 4% 2% 4%

Weighted Average Grant Date Fair Value...... $1.43 $4.53 $3.71 $3.91





Three months ended Six Months Ended

November 30, November 30,

- -

2008 2007 2008 2007

- - - -



Employee Stock Purchase Plan Shares

Expected Term (in years).................. 0.5-2.0 0.5-2.0 0.5-2.0 0.5-2.0

Volatility................................ 0.64-0.88 0.43-0.61 0.62-0.88 0.43-0.69

Expected Dividend......................... $0.00 $0.00 $0.00 $0.00

Risk-free Interest Rates.................. 1.2%-1.6% 4.0%-4.7% 1.2%-2.6% 4.0%-4.9%

Estimated Forfeiture Rate................. 0% 4% 0% 4%

Weighted Average Grant Date Fair Value.... $1.47 $2.10 $1.72 $2.17



Options Outstanding Options Exercisable

at November 30, 2008 at November 30, 2008

- -

Weighted Weighted

Average Weighted Number Weighted Average

Range of Number Remaining Average Exer- Average Remaining Aggregate

Exercise Outstanding Contractual Exercise cisable Exercise Contractual Intrinsic

Prices Shares Life (Years) Price Shares Price Life (Years) Value

- - - - - - - -



$2.25-$3.63 696 3.68 $2.76 384 $3.10 2.80

$3.66-$4.08 139 2.00 $3.92 138 $3.92 1.98

$4.35-$4.60 53 1.04 $4.45 53 $4.45 1.04

$5.91-$7.00 419 3.49 $6.11 166 $6.11 3.30

$7.28-$10.93 455 4.49 $9.29 133 $8.60 4.43

- -

$2.25-$10.93 1,762 3.63 $5.38 874 $4.72 2.91 -

= =



Basic net income per share................. $ 0.10 $ 0.17 $ 0.21 $ 0.27

= = = =

Diluted net income per share............... $ 0.10 $ 0.16 $ 0.20 $ 0.26

= = = =



Read the The complete ReportMore on AEHR:

Gurus buys and sells of AEHR

10-year financial history of AEHR.

Insider buys/sells of AEHR.

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