| Aehr Test Systems, Inc. | |||
| Ticker: | AEHR | 1667 Plymouth Street | |
| Exchange: | NASDAQ-National Market | Mountain View, CA 94043 | |
| Industry: | Manufacturing (SIC Code 3825) | (415) 691-9400 | |
| Type of Shares: | Common Shares | Filing Date: | 6/11/97 | |
| U.S. Shares: | 3,600,000 | Offer Date: | 8/14/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $9.00 - $11.00 | |
| Primary Shares: | 2,500,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 1,100,000 | Gross Spread: | $0.84 | |
| Offering Amount: | $36,000,000 | Selling: | $0.50 | |
| Expenses: | $900,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,495,522 |
| Manager | Tier | Phone |
| Oppenheimer & Company, Inc. | Lead Manager | (212) 667-7400 |
| Needham & Company | Co-manager | (212) 705-0344 |
| Issuer's Law Firm: | Wilson, Sonsini, Goodrich & Rosati |
| Bank's Law Firm: | Gray Cary Ware & Freidenrich |
| Auditor: | Coopers & Lybrand |
| Registrar/Transfer Agent: | U. S. Stock Transfer Corporation |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 2/28/97 | 2/29/96 | 2/28/97 | ||
| Revenue: | $33.23 | $30.30 | $24.07 | Assets: | $23.90 |
| Net Income: | $1.40 | $1.38 | $0.95 | Curr Assets: | |
| EPS: | $0.31 | $0.31 | $0.21 | Liabilities: | $15.76 |
| Prior EPS: | -$0.45 | $0.64 | $0.07 | Curr Liabilities: | |
| Cash Flow/Oper: | -$0.65 | Equity: | $8.14 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company develops and manufactures and sells systems which are designed to reduce the cost of testing DRAMs and other memory devices, and products which are designed to enable IC manufacturers to perform test and burn-in of bare die. Leveraging its expertise as a long-time leading provider of burn-in equipment, with over 2,000 systems installed worldwide, the company has developed and introduced two innovative product families, the MTX system and the DiePak carrier. The MTX is a massively parallel test system capable of processing thousands of memory devices simultaneously. The DiePak carrier is a reusable temporary package that enables IC manufacturers to perform cost-effective final test and burn-in of bare die. The company also offers systems that perform reliability screening (burn-in) for complex logic and memory devices. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of debt, capital expenditures, and general corporate purposes including working capital and potential acquisitions. |