| AEHR TEST SYSTEMS AND SUBSIDIARIES | ||||||||||||
| Condensed Consolidated Balance Sheets | ||||||||||||
| (in thousands, except per share data) | ||||||||||||
| (unaudited) | ||||||||||||
| May 31, | February 28, | May 31, | ||||||||||
| 2023 | 2023 | 2022 | ||||||||||
| ASSETS | ||||||||||||
| Current assets: | ||||||||||||
| Cash and cash equivalents | $ | 30,054 | $ | 17,188 | $ | 31,484 | ||||||
| Short-term investments | 17,853 | 25,577 | - | |||||||||
| Trade and other accounts receivable, net | 16,594 | 11,389 | 12,859 | |||||||||
| Inventories | 23,908 | 21,619 | 15,051 | |||||||||
| Prepaid expenses and other | 621 | 808 | 613 | |||||||||
| Total current assets | 89,030 | 76,581 | 60,007 | |||||||||
| Property and equipment, net | 2,759 | 1,281 | 1,203 | |||||||||
| Operating lease right-of-use assets | 6,123 | 6,293 | 917 | |||||||||
| Other assets | 231 | 241 | 201 | |||||||||
| Total assets | $ | 98,143 | $ | 84,396 | $ | 62,328 | ||||||
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||
| Current liabilities: | ||||||||||||
| Accounts payable | $ | 9,206 | $ | 4,988 | $ | 4,195 | ||||||
| Accrued expenses | 4,143 | 3,489 | 3,610 | |||||||||
| Operating lease liabilities, short-term | 137 | 68 | 794 | |||||||||
| Customer deposits and deferred revenue, short-term | 2,822 | 843 | 2,415 | |||||||||
| Total current liabilities | 16,308 | 9,388 | 11,014 | |||||||||
| Operating lease liabilities, long-term | 6,163 | 6,324 | 212 | |||||||||
| Deferred revenue, long-term | 31 | 8 | 69 | |||||||||
| Other liabilities | 41 | 42 | 44 | |||||||||
| Total liabilities | 22,543 | 15,762 | 11,339 | |||||||||
| Total shareholders' equity | 75,600 | 68,634 | 50,989 | |||||||||
| Total liabilities and shareholders' equity | $ | 98,143 | $ | 84,396 | $ | 62,328 | ||||||
Aehr Reports Record Revenue and Profit for Fiscal 2023 and Guides for Over 50% Increase in Revenue for Fiscal 2024 on Strength from Semiconductor Wafer Level Test and Burn-in Demand
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