Aehr Test Systems (AEHR, Financial) 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.
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.
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 $ 0.27Net 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.
