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Aehr Test Systems fiscal Q3 loss widens 81.2% YOY

Aehr Test Systems said its normalized net income for the fiscal third quarter ended Feb. 29 amounted to a loss of 14 cents per share, compared with a loss of 8 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 $1.9 million, compared with a loss of $1.0 million in the prior-year period.

The normalized profit margin dropped to negative 112.1% from negative 51.2% in the year-earlier period.

Total revenue decreased 17.3% on an annual basis to $1.7 million from $2.0 million, and total operating expenses climbed 18.6% year over year to $4.5 million from $3.8 million.

Reported net income came to a loss of $3.0 million, or a loss of 23 cents per share, compared to a loss of $1.8 million, or a loss of 14 cents per share, in the year-earlier period.