Aehr Test Reports Second Consecutive Quarter of Record Bookings

Aehr Test Reports Second Consecutive Quarter of Record Bookings in Second Quarter of Fiscal 2022 on Strength of Semiconductor Test and Burn-In Sales for Electric Vehicles

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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,
		2021		2021		2021

ASSETS

Current assets:
Cash and cash equivalents	$	35,031	$	6,530	$	4,582
Accounts receivable, net		7,391		4,264		5,202
Inventories		13,033		10,146		8,849
Prepaid expenses and other		622		759		551
Total current assets		56,077		21,699		19,184

Property and equipment, net		661		676		677
Operating lease right-of-use assets		1,265		1,437		1,606
Other assets		182		189		198
Total assets	$	58,185	$	24,001	$	21,665

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
Accounts payable	$	3,386	$	2,753	$	2,893
Accrued expenses		2,254		1,978		2,163
Operating lease liabilities, short-term		763		750		737
Customer deposits and deferred revenue, short-term		10,142		3,279		189
Line of credit		-		-		1,400
Current portion of long-term debt		-		-		1,679
Total current liabilities		16,545		8,760		9,061

Operating lease liabilities, long-term		616		813		1,007
Long-term debt, net of current portion		-		-		-
Deferred revenue, long-term		116		150		99
Other liabilities		46		46		49
Total liabilities		17,323		9,769		10,216

Total shareholders' equity		40,862		14,232		11,449

Total liabilities and shareholders' equity	$	58,185	$	24,001	$	21,665

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