Filing Flows › Aehr Test Systems (AEHR) › Q1 2025
Aehr Test Systems (AEHR) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 10, 2025
Aehr Test Systems (AEHR) reported revenue of $18.3M for the first quarter 2025 (Q1 2025), +142% from a year earlier and +36% from the quarter before. Operating margin was -6.1%, net loss $643K (3.5% of revenue).
Aehr Test Systems, Q1 2025: revenue $18.3M (+142% year over year), operating margin -6.1%, net loss $643K, operating cash flow −$1.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.3M | +36% | +142% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$643K | — | — |
| Operating cash flow | −$1.6M | — | — |
What changed
Revenue was $18.3M in Q1 2025, up 142% year over year and up 36% from the previous quarter. Systems was the largest line at 59% of revenue. Systems added $8.8M year over year (up 445%), 82% of the total change.
Gross margin was 39.2%, down 2.5 points from a year earlier. Operating costs exceeded revenue by $1.1M, an operating margin of -6.1%. Operating expenses grew 60% against revenue growth of 142%. The fastest-growing cost line was SG&A (+69%). The quarter ended with a net loss of $643K, narrower than the previous quarter's $1.0M loss. Non-operating items added $245K, -28% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.6M. Non-cash charges added back $620K of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $3.4M. Capital expenditures of $1.7M exceeded it, leaving free cash flow of −$3.3M.
Questions
What was Aehr Test Systems' revenue in the first quarter 2025?
Aehr Test Systems (AEHR) reported revenue of $18.3M for the first quarter 2025 (Q1 2025), +142% from a year earlier and +36% from the quarter before.
Was Aehr Test Systems profitable in the first quarter 2025?
Operating loss was $1.1M (-6.1% of revenue) and net loss $643K.
Source: Aehr Test Systems 10-Q on SEC EDGAR.