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Aehr Test Systems fiscal Q2 loss narrows YOY

Aehr Test Systems said its normalized net income for the fiscal second quarter ended Nov. 30, 2015, came to a loss of 5 cents per share, compared with a loss of 11 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $641,880, compared with a loss of $1.3 million in the prior-year period.

The normalized profit margin climbed to negative 13.9% from negative 50.1% in the year-earlier period.

Total revenue climbed 76.7% year over year to $4.6 million from $2.6 million, and total operating expenses climbed 16.9% on an annual basis to $5.6 million from $4.8 million.

Reported net income totaled a loss of $1.0 million, or a loss of 8 cents per share, compared to a loss of $2.1 million, or a loss of 18 cents per share, in the prior-year period.