NASDAQ: AEHR Lawsuit Alert: Investors Who Purchased a Substantial Amount of Shares of Aehr Test Systems, Inc. (NASDAQ: AEHR) Should Contact the Shareholders Foundation

SAN DIEGO, January 17, 2025 (Newswire.com) - The Shareholders Foundation, Inc. announces that a deadline is coming up on February 03, 2025, in the lawsuit that was filed for certain investors in Aehr Test Systems, Inc. (NASDAQ:AEHR) shares.

Investors who purchased more than $100,000 in shares of Aehr Test Systems, Inc. (NASDAQ:AEHR) between January 9, 2024, and March 24, 2024, have certain options and there are short and strict deadlines running. Deadline: February 3, 2025. Those NASDAQ: AEHR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On March 25, 2024, Aehr Test Systems, Inc. announced preliminary fiscal Q3 2024 financial results. Among other things, the Company revealed that its Q3 revenue was estimated to be approximately $7.6 million, versus a consensus of $14.32 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. In addition, Aehr further cut its 2024 revenue forecast, stating that it now expected revenue of at least $65 million versus a consensus of $77.43 million. Shares of Aehr Test Systems, Inc. (NASDAQ: AEHR) $19.06 per share on February 15, 2024, to $10.54 per share on March 25, 2024.

On December 03, 2024, an investor in NASDAQ:AEHR shares filed a lawsuit against Aehr Test Systems, Inc over alleged securities laws violations. The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that contrary to prior representations to investors, Aehr was continuing to experience substantial delays in customer orders, that the foregoing issue was likely to have a material negative impact on the Company's revenue growth, that accordingly, the Company's business and/or financial prospects were overstated, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Aehr Test Systems, Inc. (NASDAQ:AEHR) should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE: Shareholders Foundation, Inc

Source: Shareholders Foundation, Inc