04:32 PM EDT, 07/09/2024 (MT Newswires) -- Aehr Test Systems ( AEHR ) reported late Tuesday preliminary Q4 net income of about $23.8 million, including a tax benefit due to the release of its full income tax valuation allowance of around $20.8 million.

One analyst polled by Capital IQ expects $2.4 million.

The company also reported Q4 preliminary revenue of about $16.6 million.

Two analysts polled by Capital IQ expect $15.5 million.

The company's shares were rising past 14% in recent after-hours trading.

Price: 14.20, Change: +1.79, Percent Change: +14.42