Growth lumpy? Yes.
Growth meh in f2023? Yes.
AEHR about future expectations? Yes.
And hope? Here’s where I would quibble a bit. If revenue for the past 8 quarters were all we had, you’d be right. It grew 28% YoY. But let’s not forget that in f2022, revenue tripled. Let’s also not forget that the f2024 guide is for a huge acceleration to at least 50% growth, even before any potential beats. So it’s not like we should look at this as a 28% grower.
Also, “hope” makes it sound like the guide and other future expectations (next several years) aren’t really supported by anything concrete. To the contrary, we have plenty of information from the company and the industry. I feel like a lot of people miss this: Saul has always tried to teach us to follow the numbers, but to also pay attention to the tone from mgmt and any clues they give about what’s coming…and just in general, to listen to how the business is doing. To exemplify this, please refer to the absolute master class @wsm007 provided in this post: Aehr is a different kind of company - #3 by wsm007
Bear