Aehr Test Systems, Inc. (NASDAQ: AEHR)

This lawsuit is for anyone who acquired securities in Aehr Test Systems, Inc. (NASDAQ: AEHR) from January 9, 2024 through March 24, 2024.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the class period, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by f ailing to timely disclose to investors that the Company was experiencing substantial delays in customer orders.

On March 25, 2024, Aerh released its preliminary third quarter fiscal 2024 financial results, revealing that the Company expected revenue to be approximately $7.6 million, significantly missing consensus estimates of $14.3 million, citing delays in wafer level burn-in system orders for semiconductor devices used in electric vehicles that have created a short-term gap in revenue and profitability. Further, the Company lowered its 2024 revenue forecast by approximately $12 million. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities Aehr Test Systems, Inc. (NASDAQ: AEHR) from January 9, 2024 through March 24, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.