Edwyn
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $10 | $51 | $65 | $66 | $59 |
| Gross Profit | $5 | $24 | $33 | $33 | $24 |
| Operating Income | -$4 | $8 | $13 | $10 | -$6 |
| Net Income | $1 | $9 | $15 | $33 | -$4 |
Over the past five years, AEHR TEST SYSTEMS has experienced significant volatility in its financial performance. In 2021, the firm reported modest revenue of USD 9.611 million with a gross profit of USD 4.519 million, yet the operating income was negative, indicating early challenges in managing costs and operational efficiency. The turnaround began in 2022 when revenue surged to USD 50.829 million, and gross profit expanded sharply to USD 23.665 million. Operating income turned positive at USD 7.8 million, while net income lifted to USD 9.45 million—suggesting that the company was able to leverage increased revenues to improve its core profitability. The momentum continued into 2023 with revenue climbing to USD 64.961 million, gross profit increasing to USD 32.746 million, and a further improvement in operating and net income to USD 13.375 million and USD 14.557 million, respectively—a robust growth trend. However, 2024 saw mixed results: while revenue increased marginally to USD 66.218 million and net income more than doubled to USD 33.156 million, operating income fell by over 20%, dropping to USD 10.078 million, potentially driven by rising operating expenses or one-time adjustments. In 2025, the decline was stark, as revenue dipped by roughly 11% to USD 58.968 million, gross profit contracted by about 26%, and both operating and net incomes turned negative (USD -5.677 million and USD -3.91 million, respectively). Overall, the company shows an ability to aggressively grow its top-line and net income during expansion years, but the significant swing in operating metrics and the downturn in 2025 raise concerns regarding operational sustainability and cost management amid market volatility.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.