Aehr Test Systems Reports Fiscal 2019 Fourth Quarter and Full Year Results and Provides Financial Guidance for Significant Growth in Fiscal 2020
|
AEHR TEST SYSTEMS AND SUBSIDIARIES |
|
Condensed Consolidated Balance Sheets |
| (in thousands, except per share data) |
| (unaudited) |
| |
|
|
|
|
|
| |
May 31, |
|
February 28, |
|
May 31, |
| |
2019 |
|
2019 |
|
2018 |
|
ASSETS |
|
|
|
|
|
| |
|
|
|
|
|
| Current assets: |
|
|
|
|
|
| Cash and cash equivalents |
$ |
5,428 |
|
|
$ |
12,300 |
|
|
$ |
16,848 |
|
| Accounts receivable, net |
|
4,859 |
|
|
|
1,944 |
|
|
|
2,856 |
|
| Inventories |
|
9,061 |
|
|
|
9,189 |
|
|
|
9,049 |
|
| Prepaid expenses and other |
|
686 |
|
|
|
787 |
|
|
|
703 |
|
| Total current assets |
|
20,034 |
|
|
|
24,220 |
|
|
|
29,456 |
|
| |
|
|
|
|
|
| Property and equipment, net |
|
1,045 |
|
|
|
975 |
|
|
|
1,203 |
|
| Other assets |
|
228 |
|
|
|
256 |
|
|
|
296 |
|
| Total assets |
$ |
21,307 |
|
|
$ |
25,451 |
|
|
$ |
30,955 |
|
| |
|
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
| |
|
|
|
|
|
| Current liabilities: |
|
|
|
|
|
| Current portion of long-term debt |
$ |
- |
|
|
$ |
6,110 |
|
|
$ |
6,110 |
|
| Accounts payable |
|
1,933 |
|
|
|
557 |
|
|
|
1,762 |
|
| Accrued expenses |
|
2,034 |
|
|
|
2,085 |
|
|
|
1,646 |
|
| Customer deposits and deferred revenue, short-term |
|
1,545 |
|
|
|
1,267 |
|
|
|
1,630 |
|
| Total current liabilities |
|
5,512 |
|
|
|
10,019 |
|
|
|
11,148 |
|
| |
|
|
|
|
|
| Deferred rent |
|
153 |
|
|
|
151 |
|
|
|
63 |
|
| Deferred revenue, long-term |
|
189 |
|
|
|
240 |
|
|
|
459 |
|
| Total liabilities |
|
5,854 |
|
|
|
10,410 |
|
|
|
11,670 |
|
| |
|
|
|
|
|
| Aehr Test Systems shareholders' equity |
|
15,472 |
|
|
|
15,060 |
|
|
|
19,305 |
|
| Noncontrolling interest |
|
(19 |
) |
|
|
(19 |
) |
|
|
(20 |
) |
| Total shareholders' equity |
|
15,453 |
|
|
|
15,041 |
|
|
|
19,285 |
|
| Total liabilities and shareholders' equity |
$ |
21,307 |
|
|
$ |
25,451 |
|
|
$ |
30,955 |
|
| |
|
|
|
|
|
|
