Aehr Test Systems Reports 93% Revenue Growth Year over Year in Third Quarter
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AEHR TEST SYSTEMS AND SUBSIDIARIES | |
Condensed Consolidated Balance Sheets | | (in thousands, except per share data) | | (unaudited) | | | | | | | | | | | | February 29, | | November 30, | | May 31, | | | | 2020
| | 2019
| | 2019
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ASSETS | | | | | | | | | | | | | | | | Current assets: | | | | | | | | Cash and cash equivalents | $ | 5,058 | | | $ | 5,302 | | | $ | 5,428 | | | Accounts receivable, net | | 3,511 | | | | 5,231 | | | | 4,859 | | | Inventories | | | 9,330 | | | | 9,800 | | | | 9,061 | | | Prepaid expenses and other | | 586 | | | | 534 | | | | 686 | | | Total current assets | | 18,485 | | | | 20,867 | | | | 20,034 | | | | | | | | | | | Property and equipment, net | | 783 | | | | 860 | | | | 1,045 | | | Operating lease right-of-use assets | | 2,260 | | | | 2,387 | | | | - | | | Other assets | | | 160 | | | | 186 | | | | 228 | | | Total assets | | $ | 21,688 | | | $ | 24,300 | | | $ | 21,307 | | | | | | | | | | |
LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | | | | | | | | | | | Current liabilities: | | | | | | | Accounts payable | $ | 925 | | | $ | 2,320 | | | $ | 1,933 | | | Accrued expenses | | 1,373 | | | | 1,596 | | | | 2,034 | | | Operating lease liabilities, short-term | | 644 | | | | 619 | | | | - | | | Customer deposits and deferred revenue, short-term | | 385 | | | | 1,809 | | | | 1,545 | | | Total current liabilities | | 3,327 | | | | 6,344 | | | | 5,512 | | | | | | | | | | | Deferred rent | | | - | | | | - | | | | 153 | | | Operating lease liabilities, long-term | | 1,772 | | | | 1,924 | | | | - | | | Deferred revenue, long-term | | 34 | | | | 64 | | | | 189 | | | Total liabilities | | 5,133 | | | | 8,332 | | | | 5,854 | | | | | | | | | | | Aehr Test Systems shareholders' equity | | 16,575 | | | | 15,988 | | | | 15,472 | | | Noncontrolling interest | | (20 | ) | | | (20 | ) | | | (19 | ) | | Total shareholders' equity | | 16,555 | | | | 15,968 | | | | 15,453 | | | | | | | | | | | Total liabilities and shareholders' equity | $ | 21,688 | | | $ | 24,300 | | | $ | 21,307 | | | | | | | | | | | | | | |
 
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