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Aehr Test Systems Q3 2016 net sales were $1.7 million

Staff writer |
Aehr Test Systems announced financial results for its third quarter of fiscal 2016 ended February 29, 2016.

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Net sales were $1.7 million, compared to $2 million in the third quarter of fiscal 2015.

Non-GAAP net loss was $2.8 million, or $0.21 loss per diluted share, compared to a non-GAAP net loss of $1.5 million, or $0.12 loss per diluted share, in the same quarter a year ago.

GAAP net loss was $3.0 million, or $0.23 loss per diluted share, compared to a GAAP net loss of $1.7 million, or $0.14 loss per diluted share, in the same quarter a year ago.

Non-GAAP and GAAP net losses include $0.6 million of one-time write-downs of excess and obsolete material associated with prior generations of products that have become obsolete with the release of new products and a final write-down of engineering material for the FOX-P program.

Fiscal first nine months

Net sales were $12.9 million, up 58% from $8.2 million in the first nine months of fiscal 2015.

Non-GAAP net loss was $2.9 million, or $0.23 loss per diluted share, compared to a non-GAAP net loss of $4.1 million, or $0.34 loss per diluted share, in the same period a year ago.

GAAP net loss was $3.7 million, or $0.29 loss per diluted share, compared to a GAAP net loss of $4.7 million, or $0.40 loss per diluted share, in the same period a year ago.


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