Aehr Test Systems Reports 93% Revenue Growth Year over Year in

Aehr Test Systems Reports 93% Revenue Growth Year over Year in Third Quarter


AEHR TEST SYSTEMS AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(in thousands, except per share data)
(unaudited)

	February 29,			November 30,			May 31,
	2020			2019			2019
ASSETS

Current assets:
Cash and cash equivalents	$	5,058		$	5,302		$	5,428
Accounts receivable, net		3,511			5,231			4,859
Inventories		9,330			9,800			9,061
Prepaid expenses and other		586			534			686
Total current assets		18,485			20,867			20,034

Property and equipment, net		783			860			1,045
Operating lease right-of-use assets		2,260			2,387			-
Other assets		160			186			228
Total assets	$	21,688		$	24,300		$	21,307

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
Accounts payable	$	925		$	2,320		$	1,933
Accrued expenses		1,373			1,596			2,034
Operating lease liabilities, short-term		644			619			-
Customer deposits and deferred revenue, short-term		385			1,809			1,545
Total current liabilities		3,327			6,344			5,512

Deferred rent		-			-			153
Operating lease liabilities, long-term		1,772			1,924			-
Deferred revenue, long-term		34			64			189
Total liabilities		5,133			8,332			5,854

Aehr Test Systems shareholders' equity		16,575			15,988			15,472
Noncontrolling interest		(20	)		(20	)		(19	)
Total shareholders' equity		16,555			15,968			15,453

Total liabilities and shareholders' equity	$	21,688		$	24,300		$	21,307

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