Aehr Test Systems (NASDAQ:AEHR) reported its fiscal 2025 fourth quarter and full year financial results, revealing a decrease in net revenue and a shift from income to loss. For the fourth quarter, net revenue was $14.1 million, down from $16.6 million in the same quarter of the previous year. The company reported a GAAP net loss of $2.9 million, compared to a GAAP net income of $23.9 million, which had included a tax benefit of approximately $20.7 million, in the fourth quarter of fiscal 2024. For the full fiscal year 2025, net revenue totaled $59.0 million, a decline from $66.2 million in fiscal 2024. The GAAP net loss for the year was $3.9 million, contrasting with a GAAP net income of $33.2 million the previous year, which also included a $20.7 million tax benefit. On a non-GAAP basis, which excludes certain adjustments, the company reported a net income of $4.6 million, compared to $35.8 million in fiscal 2024. The company used $7.4 million in cash for operating activities during fiscal 2025. Aehr Test Systems also announced an expansion of its total addressable market and diversification of its customer base, marking a strategic shift in its business operations.
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