Aehr Test Systems Reports Third 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) | | | | | | | | | | | | | | February 28, | | November 30, | | May 31, | | | | | | 2019 | | | | 2018 | | | | 2018 | | |
ASSETS | | | | | | | | | | | | | | | | | | | | | | | Current assets: | | | | | | | | Cash and cash equivalents | $ | 12,300 | | | $ | 14,002 | | | $ | 16,848 | | | Accounts receivable, net | | 1,944 | | | | 3,868 | | | | 2,856 | | | Inventories | | | 9,189 | | | | 9,983 | | | | 9,049 | | | Prepaid expenses and other | | 787 | | | | 688 | | | | 703 | | | Total current assets | | 24,220 | | | | 28,541 | | | | 29,456 | | | | | | | | | | | | Property and equipment, net | | 975 | | | | 1,074 | | | | 1,203 | | | Other assets | | | 256 | | | | 286 | | | | 296 | | | Total assets | | $ | 25,451 | | | $ | 29,901 | | | $ | 30,955 | | | | | | | | | | | |
LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | | | | | | | | | | | | Current liabilities: | | | | | | | | Current portion of long-term debt | $ | 6,110 | | | $ | 6,110 | | | $ | 6,110 | | | Accounts payable | | 557 | | | | 1,953 | | | | 1,762 | | | Accrued expenses | | 2,085 | | | | 1,487 | | | | 1,646 | | | Customer deposits and deferred revenue, short-term | | 1,267 | | | | 2,068 | | | | 1,630 | | | Total current liabilities | | 10,019 | | | | 11,618 | | | | 11,148 | | | | | | | | | | | | Deferred rent | | | 151 | | | | 147 | | | | 63 | | | Deferred revenue, long-term | | 240 | | | | 252 | | | | 459 | | | Total liabilities | | 10,410 | | | | 12,017 | | | | 11,670 | | | | | | | | | | | | Aehr Test Systems shareholders' equity | | 15,060 | | | | 17,902 | | | | 19,305 | | | Noncontrolling interest | | (19 | ) | | | (18 | ) | | | (20 | ) | | Total shareholders' equity | | 15,041 | | | | 17,884 | | | | 19,285 | | | Total liabilities and shareholders' equity | $ | 25,451 | | | $ | 29,901 | | | $ | 30,955 | | | | | | | | | | |
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