Shares of Aehr Test Systems (NASDAQ: AEHR) were up in pre-market trading on Friday, as the supplier of semiconductor test and reliability qualification equipment saw its revenues soar 89% year-over-year to $10.7 million in fiscal Q1.
Analysts were expecting revenues of $8.5 million in Q1.
Adjusted earnings were $0.05 versus a loss of $0.02 per diluted share in the same period last year. This adjusted earnings surpassed Street forecasts by $0.04 per share.
For FY23, Aehr reaffirmed its guidance of revenues between $60 million and $70 million and “strong profit margins.”