Aehr Test Systems (NASDAQ:AEHR) Q4 2023 Earnings Call Transcript

We also have R&D initiatives that we are implementing also continuing during the year and we’ve added sales and marketing. So there is a significant amount of overhead and OpEx manufacturing spending. So that $36 million number is really going to go up by several millions of dollars on them and.

Gayn Erickson: And then the same probably 50% dropping.

Chris Siu: Yeah. So let me add on that what Ken just said, Tom, is as you know our market cap exceeds $1 billion. So the SEC requires anything over 700 million public float to be to report their financial statements and as a large accelerator filer that includes SOX attestation. So that means there’ll be more work from internal control perspective from our auditors. And what it means is we need to beef up our resources, meet that compliance requirement. So as a result, our OpEx would increase accordingly.

Gayn Erickson: There are downsides to a large market cap. One of them is, unless you’re an auditor, then it’s fantastic because they make so much more money, but okay.

Tom Diffely: Well, it seems like a pretty fair trade off. Appreciate your time.

Gayn Erickson: Thank you, Tom.

Ken Spink: Thank you, Tom.

Operator: [Operator Instructions]

Gayn Erickson: All right, folks. Let me go ahead and take that. Thank you, everybody, for joining the call. And we really appreciate you joining us for we’re very proud of how the year went. And I can tell you, we’re on the edge of our seat excited about heading into this new fiscal year, with a great backlog, great bunch of customers, a great bunch of potential customers and a great team. And so we really appreciate you folks joining us. As always, we do try and make ourselves available. If you happen to be in the Silicon Valley Bay area to set up an appointment, come by and take a look. Our manufacturing floor is a buzzing and it is exciting to look at. It’s another thing we’re very proud of and so we appreciate everybody’s I guess involvement and cheerleading that song as we head into this next fiscal year. And we will talk to you next quarter. Bye-bye.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may all now disconnect.