By Connor Hart
Shares of Aehr Test Systems climbed after the company narrowed its loss and logged higher revenue in its fiscal third quarter, boosted by market share gains in new end markets.
The stock rose 6.8%, to $7.24, in after-hours trading. Through Tuesday's close, shares have lost more than 42% of their value in the past year.
The semiconductor burn-in equipment maker posted a net loss of $643,000, or 2 cents a share, compared with a loss of $1.5 million, or 5 cents a share, in last year's comparable quarter.
Adjusted per-share earnings came in at 7 cents.
Revenue more than doubled from last year, jumping 142% to $18.3 million.
Chief Executive Gayn Erickson attributed the narrower loss and higher sales to having successfully expanded into new markets. At the same time, the company won several new large-contract customers, he added.
Despite these gains, the company said it will temporarily withdraw its outlook for its fiscal year ending May 30, citing ongoing tariff uncertainty. It most recently guided for total revenue of at least $70 million.
"We do not believe that the impact of the tariff announcements made by the U.S. administration last week will significantly affect Aehr directly," Erickson said, though he added the levies could affect customers, cause orders to be delayed or paused, and disrupt supply chains.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
April 08, 2025 18:31 ET (22:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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