Last $5.25 USD
Change Today -0.1675 / -3.09%
Volume 14.2K
As of 4:30 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

aetrium inc (ATRM) Snapshot

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11/27/13 - $12.40
52 Week Low
09/6/13 - $2.60
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aetrium inc (ATRM) Details

Aetrium Incorporated designs, manufactures, and markets various electromechanical equipment used in handling and testing integrated circuits (ICs). The company provides gravity feed test handler products, which incorporate thermal conditioning, contacting, and automated handling technologies to provide automated handling of ICs during production of test cycles; and change kits to adapt test handlers to various IC package configurations or to upgrade installed equipment. It sells its products to semiconductor manufacturers, and their assembly and test subcontractors through direct salespeople, independent sales representatives, and distributors primarily in the United States, the United Kingdom, France, Italy, the Republic of Korea, Thailand, China, Malaysia, Singapore, and the Philippines. Aetrium Incorporated was founded in 1982 and is based in North St. Paul, Minnesota.

aetrium inc (ATRM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $128.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $138.3K
Compensation as of Fiscal Year 2013.

aetrium inc (ATRM) Key Developments

Aetrium Inc. announced delayed 10-Q filing

On 08/15/2014, Aetrium Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Aetrium Inc. Announces Auditor Changes

Aetrium Incorporated dismissed the accounting firm Grant Thornton LLP as its independent registered public accounting firm. The decision was approved by the company's Audit Committee. The reports of Grant Thornton on the Company's financial statements for the fiscal years ended December 31, 2012 and 2011 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. On December 30, 2013, the company engaged Boulay PLLP as the company's new independent registered public accounting firm to audit the Company's financial statements for the fiscal year ending December 31, 2013. The appointment of Boulay was approved by the Company's Audit Committee.

Aetrium Reports Orders for Multiple Units of VMAX IC Handlers

Aetrium Incorporated announced recent bookings of multiple units of its V(MAX) IC test handlers. The orders were placed with Aetrium over the last few weeks. Multiple V(MAX) test handlers were purchased by a long term Aetrium customer for their proprietary MEMS semiconductor devices. This is the first application of the V(MAX) handler by this particular customer who had traditionally used older generation Model V8 test handlers from Aetrium. It is expected that the V(MAX) test handler will provide more productivity and a lower cost of test than the older generation V8 model. A second customer that is a new customer to Aetrium has also purchased multiple units of the V(MAX) test handler for application with their proprietary products. This customer also purchased a media transfer system to accommodate their internal product packaging needs. The V(MAX) was chosen over competitive companies and products due to Aetrium's strong reputation for customer support and for the V(MAX) 's productivity and reliability characteristics. Two additional customers, who have been long term customers of Aetrium, purchased V(MAX) test handling capacity for specific lines of semiconductors focused on the automotive industry. The automotive industry demands a wide range of temperature testing capability, which the V(MAX) offers with its unique and very cost effective mechanical refrigeration system. The orders in total amounted to nearly $2.1 million. The V(MAX) handlers and all the equipment associated with these orders are expected to be shipped to the customers by the end of the first quarter of 2014.


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