Aehr Test Systems Reports Second Quarter Fiscal 2019 Financial Results
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AEHR TEST SYSTEMS AND SUBSIDIARIES | |
Condensed Consolidated Balance Sheets | | (in thousands, except per share data) | | (unaudited) | | | | | | | | | | November 30, | | August 31, | | May 31, | | | 2018 | | 2018 | | 2018 | |
ASSETS | | | | | | | | | | | | | | | | | | | | | | | | | | Current assets: | | | | | | | | | | | | | Cash and cash equivalents | $ | 14,002 | | | $ | 15,864 | | | $ | 16,848 | | | Accounts receivable, net | | 3,868 | | | | 2,272 | | | | 2,856 | | | Inventories | | 9,983 | | | | 9,585 | | | | 9,049 | | | Prepaid expenses and other | | 688 | | | | 727 | | | | 703 | | | Total current assets | | 28,541 | | | | 28,448 | | | | 29,456 | | | | | | | | | | | | | | | | Property and equipment, net | | 1,074 | | | | 1,174 | | | | 1,203 | | | Other assets | | 286 | | | | 266 | | | | 296 | | | Total assets | $ | 29,901 | | | $ | 29,888 | | | $ | 30,955 | | | | | | | | | | | | | | | |
LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | | | | | | | | | | | | | | | | | | | | | | Current liabilities: | | | | | | | | | | | | | Current portion of long-term debt | $ | 6,110 | | | $ | 6,110 | | | $ | 6,110 | | | Accounts payable | | 1,953 | | | | 1,317 | | | | 1,762 | | | Accrued expenses | | 1,487 | | | | 1,498 | | | | 1,646 | | | Customer deposits and deferred revenue, short-term | | 2,068 | | | | 2,339 | | | | 1,630 | | | Total current liabilities | | 11,618 | | | | 11,264 | | | | 11,148 | | | | | | | | | | | | | | | | Deferred rent | | 147 | | | | 145 | | | | 63 | | | Deferred revenue, long-term | | 252 | | | | 359 | | | | 459 | | | Total liabilities | | 12,017 | | | | 11,768 | | | | 11,670 | | | | | | | | | | | | | | | | Aehr Test Systems shareholders' equity | | 17,902 | | | | 18,139 | | | | 19,305 | | | Noncontrolling interest | | (18 | ) | | | (19 | ) | | | (20 | ) | | Total shareholders' equity | | 17,884 | | | | 18,120 | | | | 19,285 | | | Total liabilities and shareholders' equity | $ | 29,901 | | | $ | 29,888 | | | $ | 30,955 | | | | | | | | |
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