Aehr Reported Prelim Q3 Revenue of $7.6M Vs $14.32M Est, Adj EPS Loss of $(0.03)-$(0.04) Vs $0.13 Est, FY24 Revenue of $65M Vs $77.41M Est, Adj EPS of $0.48 Vs $0.77 Est
Portfolio Pulse from Benzinga Newsdesk
Aehr reported preliminary Q3 revenue of $7.6M, significantly below the $14.32M estimate, and an adjusted EPS loss of $(0.03)-$(0.04), contrary to the expected $0.13. For FY24, Aehr anticipates revenue of $65M, below the $77.41M estimate, with an adjusted EPS of $0.48 versus the expected $0.77. The company also expects a GAAP net loss for Q3 but projects a GAAP net income for the full fiscal year.
March 25, 2024 | 11:46 am
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NEGATIVE IMPACT
Aehr's Q3 revenue and adjusted EPS fell significantly short of estimates, with a projected FY24 revenue and adjusted EPS also below expectations. The company expects a GAAP net loss for Q3 but a GAAP net income for FY24.
The significant shortfall in both Q3 revenue and adjusted EPS compared to estimates, along with lower than expected FY24 revenue and EPS projections, are likely to negatively impact investor sentiment and AEHR's stock price in the short term. However, the projection of GAAP net income for FY24 indicates some positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100