The drop in revenue, as described by AEM, was due to a decline in its test cell solutions segment, with the pull-in of orders by its key customer into 4QFY2024 resulting in a 85% q-o-q decrease in test and automation equipment revenue to $11.4 million.
AEM Holdings, in its 1QFY2025 business update, has reported yet another quarter of softer earnings, as the semiconductor testing services provider continues with its efforts to turn the corner.
For the three months ended March 31, revenue was down 9% y-o-y and down 35% q-o-q to $86 million – in line with what the company has guided.
