1、2010 Annual Report?!?#?#?$?$?%?$?&?$?(&?)?*?!?+?,(-?.?,(-?./?0?#?#?#?)?*?!+?%?%?)?,(-?$?)?*?!+?#?1?2?12?!?,(-?./?,?)?+?#?#?$?./?+?)?*?!?#?,(-?&?$?$?$?3+?45?,(-?.?,?)?*?!?+?$?#?,(-?.?$?#?PRODUCTS46?$?&?7?!?8?!?9?:?&?!?:?.;?1?&?!?#?#?!?&?,?=;?=.$A;B?$;A.?5?=/$AB/?/$?.?=$B.?.;$/B?/?.=A?+?$?%?A$?$C?B$BB
2、=?0?%?.B?A/=?FINANCIAL HIGHLIGHTSWe worked diligently during this past year to create a foundation for Aehr Test Systems to return to growth and profitability.In fiscal 2010 the Companys operating results continued to be impacted by the lingering effects of the 2009 bankruptcy of our then largest cu
3、stomer,Spansion,Inc.However,we made positive steps in fiscal 2010generating solid operating momentum during the year,realizing the benefits from our streamlined cost structure and expanding our customer base with our strong product portfolio.With global economic conditions gradually improving,semico
4、nductor industry capital spending trending up and Spansions emergence from bankruptcy,we expect to capitalize on significant opportunities that lie ahead.In review of our financial performance in fiscal 2010,our net sales were$11.7 million,compared with net sales of$21.4 million in fiscal 2009.We re
5、ported a net loss of$481,000,or$0.06 per diluted share in fiscal 2010,compared to prior-year net loss of$30.0 million,or$3.55 per diluted share.During fiscal 2010,we sold our Spansion bankruptcy claim to third parties,which resulted in$2.7 million recorded as revenue related to cancellation charges
6、and$4.0 million as a reduction of operating expenses.Importantly,we ended the year on a stronger financial footing.I am pleased that we increased our fiscal year-end cash balance to$7.8 millionup from$4.4 million at the beginning of the year.During fiscal 2010,we realized the benefits of a significa