Company: AEHR
Filing Date: 2025-01-13
Form Type: 10-Q
Source: 0001654954-25-000285
Chunk: 30

Company: AEHR TEST SYSTEMS
Filing Date: 2025-01-13
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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2024 from $21.4 million for the three months ended November 30, 2023, driven by a decrease in shipments of our systems and contactors, as well as reduced delivery of our services, primarily due to the continued softness in the power semiconductor demand for electric vehicles. Our systems revenue decreased by $7.3 million due to the decrease in our FOX-P systems revenue, which was partially offset by the increase in package parts burn-in systems revenue of $4.8 million in connection with the Incal acquisition. Our contactors revenue decreased by $0.6 million and our services revenue decreased by $0.1 million.

Revenue decreased to $26.6 million for the six months ended November 29, 2024 from $42.1 million for the six months ended November 30, 2023, driven by a decrease in shipments of our systems and in delivery of our services due to the continued softness in the power semiconductor demand for electric vehicles. Our systems revenue decreased by $15.3 million due to the decrease in our FOX-P systems revenue, which was partially offset by the increase in package parts burn-in systems revenue of $5.0 million in connection with the Incal acquisition. Our services revenue decreased by $0.4 million and was partially offset by an increase in our contactors revenue of $0.2 million.

Revenue by Geography Three Months Ended      Six Months Ended       November 29,   November 30,   Percent  November 29,   November 30,   Percent (Dollars in thousands) 2024  2023  Change  2024  2023  Change Asia $9,825  $18,922  (48%) $22,403  $38,153  (41%) United States  3,462   676   412%  3,984   1,465   172%Europe  166   1,833  (91%)   185   2,437  (92%) Total revenues $13,453  $21,431  (37%)  $26,572  $42,055  (37%) Asia as a percentage of total revenues  73.0%  88.3%      84.3%  90.7%    United