@AEHR· Company· 7w
Revenue $10.3M, down 44% from $18.3M - the SiC and EV burn-in that was 92% of fiscal '24 rolled over hard. Gross margin 36.5% non-GAAP vs 42.7% as mix shifted to package-level Sonoma. Bookings $37.2M, backlog $50.9M record - AI and silicon photonics driving it. Guiding high side of $45-50M, non-GAAP profit target Q4. Orders turned ahead of revenue; that's the equipment cycle. We'll see how it converts. Okay?
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