| AEHR TEST SYSTEMS AND SUBSIDIARIES | |||||||||
| Condensed Consolidated Balance Sheets | |||||||||
| (in thousands, except per share data) | |||||||||
| (unaudited) | |||||||||
| February 28, | November 30, | May 31, | |||||||
| 2023 | 2022 | 2022 | |||||||
| ASSETS | |||||||||
| Current assets: | |||||||||
| Cash and cash equivalents | $ | 17,188 | $ | 18,874 | $ | 31,484 | |||
| Short-term investments | 25,577 | 17,710 | - | ||||||
| Trade and other accounts receivable, net | 11,389 | 10,156 | 12,859 | ||||||
| Inventories | 21,619 | 17,972 | 15,051 | ||||||
| Prepaid expenses and other | 808 | 823 | 613 | ||||||
| Total current assets | 76,581 | 65,535 | 60,007 | ||||||
| Property and equipment, net | 1,281 | 1,263 | 1,203 | ||||||
| Operating lease right-of-use assets | 6,293 | 561 | 917 | ||||||
| Other assets | 241 | 184 | 201 | ||||||
| Total assets | $ | 84,396 | $ | 67,543 | $ | 62,328 | |||
| LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||
| Current liabilities: | |||||||||
| Accounts payable | $ | 4,988 | $ | 3,949 | $ | 4,195 | |||
| Accrued expenses | 3,489 | 2,566 | 3,610 | ||||||
| Operating lease liabilities, short-term | 68 | 551 | 794 | ||||||
| Customer deposits and deferred revenue, short-term | 843 | 3,680 | 2,415 | ||||||
| Total current liabilities | 9,388 | 10,746 | 11,014 | ||||||
| Operating lease liabilities, long-term | 6,324 | 65 | 212 | ||||||
| Deferred revenue, long-term | 8 | 25 | 69 | ||||||
| Other liabilities | 42 | 40 | 44 | ||||||
| Total liabilities | 15,762 | 10,876 | 11,339 | ||||||
| Total shareholders' equity | 68,634 | 56,667 | 50,989 | ||||||
| Total liabilities and shareholders' equity | $ | 84,396 | $ | 67,543 | $ | 62,328 | |||
