Aehr Test Systems (AEHR) reported fiscal Q2 non-GAAP earnings late Monday of $0.02 per diluted share, down from $0.23 a year earlier.

Two analysts polled by FactSet expected $0.03.

Net revenue for the quarter ended Nov. 29 was $13.5 million, down from $21.4 million a year earlier.

Two analysts surveyed by FactSet expected $15 million.

The company said that for the fiscal year ending May 30, it's reiterating its previous guidance for revenue of at least $70 million.

Two analysts polled by FactSet expect $70.8 million.

The shares of Aehr Test Systems were falling 12.4% in after-hours trading.