AEHR TEST SYSTEMS
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $50.0M | $59.0M | $66.2M | $65.0M | $50.8M | $16.6M | $22.3M | $21.1M |
| Cost of Revenue | $32.4M | $35.0M | $33.7M | $32.2M | $27.2M | $10.6M | $13.9M | $13.5M |
| Gross Profit | $17.7M | $23.9M | $32.5M | $32.7M | $23.7M | $6.0M | $8.4M | $7.6M |
| Gross Margin | 35.3% | 40.6% | 49.1% | 50.4% | 46.6% | 36.3% | 37.6% | 36.1% |
| Operating Expenses | ||||||||
| Research & Development | $12.6M | $10.5M | $8.7M | $7.1M | $5.8M | $3.7M | $3.4M | $4.2M |
| SG&A Expense | $19.2M | $18.3M | $13.7M | $12.2M | $10.0M | $6.6M | $7.5M | $7.7M |
| Operating Income | $-14.1M | $-5.7M | $10.1M | $13.4M | $7.8M | $-4.2M | $-2.8M | $-5.0M |
| Operating Margin | -28.3% | -9.6% | 15.2% | 20.6% | 15.3% | -25.2% | -12.4% | -23.7% |
| Interest Expense | — | — | — | — | — | — | — | $252.0K |
| Pretax Income | $-11.7M | $-4.3M | $12.5M | $14.6M | $9.5M | $-2.2M | $-2.8M | $-5.2M |
| Income Tax Expense | $-4.6M | $-381.0K | $-20.7M | $60.0K | $91.0K | $-177.0K | $-36.0K | $27.0K |
| Net Income | $-7.1M | $-3.9M | $33.2M | $14.6M | $9.5M | $-2.0M | $-2.8M | $-5.2M |
| Net Margin | -14.3% | -6.6% | 50.1% | 22.4% | 18.6% | -12.2% | -12.6% | -24.9% |
| EPS (Basic) | $-0.23 | $-0.13 | $1.15 | $0.52 | $0.36 | $-0.09 | $-0.12 | $0.00 |
| EPS (Diluted) | $-0.23 | $-0.13 | $1.12 | $0.50 | $0.34 | $-0.09 | $-0.12 | $0.00 |
| Shares Outstanding (Basic) | 30.7M | 29.6M | 28.8M | 27.8M | 26.0M | 23.5M | 22.9M | 22.9M |
| Shares Outstanding (Diluted) | 30.7M | 29.6M | 29.6M | 29.2M | 27.8M | 23.5M | 22.9M | 22.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |