Aehr Test Systems Reports Second Quarter Fiscal 2019 Financial Results


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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