Aehr Test Systems Reports Financial Results for the Fourth

Aehr Test Systems Reports Financial Results for the Fourth Quarter and Fiscal Year Ended May 31, 2016

– Financial Tables to Follow –


AEHR TEST SYSTEMS AND SUBSIDIARIES
Condensed Consolidated Statements of Operations
(in thousands, except per share data)
(unaudited)

	Three Months Ended									Year Ended
	May 31,			Feb 29,			May 31,			May 31,			May 31,
		2016			2016			2015			2016			2015

Net sales	$	1,571		$	1,677		$	1,818		$	14,501		$	10,018
Cost of sales		1,669			1,508			1,136			9,356			6,180
Gross (loss) profit		(98	)		169			682			5,145			3,838

Operating expenses:
Selling, general and administrative		1,722			1,695			1,526			6,975			6,470
Research and development		1,046			1,293			967			4,324			4,062
Total operating expenses		2,768			2,988			2,493			11,299			10,532

Loss from operations		(2,866	)		(2,819	)		(1,811	)		(6,154	)		(6,694	)

Interest expense		(168	)		(165	)		(101	)		(605	)		(130	)
Other (expense) income, net		(23	)		(24	)		10			(16	)		211

Loss before income tax
benefit (expense)		(3,057	)		(3,008	)		(1,902	)		(6,775	)		(6,613	)

Income tax benefit (expense)		1			33			2			(10	)		(34	)

Net loss		(3,056	)		(2,975	)		(1,900	)		(6,785	)		(6,647	)

Less: Net income attributable to the
noncontrolling interest		-			-			-			-			-

Net loss attributable to Aehr Test
Systems common shareholders	$	(3,056	)	$	(2,975	)	$	(1,900	)	$	(6,785	)	$	(6,647	)

Net loss per share
Basic	$	(0.23	)	$	(0.23	)	$	(0.15	)	$	(0.52	)	$	(0.55	)
Diluted	$	(0.23	)	$	(0.23	)	$	(0.15	)	$	(0.52	)	$	(0.55	)

Shares used in per share calculations:
Basic		13,190			13,164			12,751			13,091			12,047
Diluted		13,190			13,164			12,751			13,091			12,047