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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