Aehr Test Systems Reports 176% Revenue Growth Year over Year in Third Quarter of Fiscal 2018
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AEHR TEST SYSTEMS AND SUBSIDIARIES | |
Condensed Consolidated Balance Sheets | | (in thousands, except per share data) | | (unaudited) | | | | | | | | | | | | | | | | February 28, | | November 30, | | May 31, | | | | | | | 2018 | | | | 2017 | | | | 2017 | | | |
ASSETS | | | | | | | | | | | | | | | | | | | Current assets: | | | | | | | | | Cash and cash equivalents | $ | 9,077 | | | $ | 9,959 | | | $ | 17,803 | | | | Short-term investments | | 5,986 | | | | 5,969 | | | | - | | | | Accounts receivable, net | | 4,673 | | | | 3,490 | | | | 4,010 | | | | Inventories | | 9,368 | | | | 8,225 | | | | 6,604 | | | | Prepaid expenses and other | | 1,339 | | | | 2,098 | | | | 961 | | | | Total current assets | | 30,443 | | | | 29,741 | | | | 29,378 | | | | | | | | | | | | | | Property and equipment, net | | 1,205 | | | | 1,166 | | | | 1,419 | | | | Other assets | | | 324 | | | | 94 | | | | 95 | | | | Total assets | | $ | 31,972 | | | $ | 31,001 | | | $ | 30,892 | | | | | | | | | | | | | |
LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | | | | | | | | | | | | | | Current liabilities: | | | | | | | | | Accounts payable | $ | 2,638 | | | $ | 1,789 | | | $ | 2,808 | | | | Accrued expenses | | 1,643 | | | | 1,607 | | | | 1,609 | | | | Customer deposits and deferred revenue, short-term | | 2,310 | | | | 3,142 | | | | 3,467 | | | | Total current liabilities | | 6,591 | | | | 6,538 | | | | 7,884 | | | | | | | | | | | | | | Long-term debt | | | 6,110 | | | | 6,110 | | | | 6,110 | | | | Deferred revenue, long-term | | 497 | | | | 251 | | | | 104 | | | | Total liabilities | | 13,198 | | | | 12,899 | | | | 14,098 | | | | | | | | | | | | | | Aehr Test Systems shareholders' equity | | 18,794 | | | | 18,121 | | | | 16,813 | | | | Noncontrolling interest | | (20 | ) | | | (19 | ) | | | (19 | ) | | | Total shareholders' equity | | 18,774 | | | | 18,102 | | | | 16,794 | | | | | | | | | | | | | | Total liabilities and shareholders' equity | $ | 31,972 | | | $ | 31,001 | | | $ | 30,892 | | | | | | | | | | | |
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