Company: AEHR
Filing Date: 2025-01-13
Form Type: 10-Q
Source: 0001654954-25-000285
Chunk: 0

Company: AEHR TEST SYSTEMS
Filing Date: 2025-01-13
Form: 10-Q
Item: Part I, Item 1
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AEHR TEST SYSTEMS

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

  November 29,  May 31, (In thousands, except par value) 2024  2024 ASSETS      Current assets:      Cash and cash equivalents $32,217  $49,159 Accounts receivable  7,333   9,796 Inventories  43,776   37,470 Prepaid expenses and other current assets  5,195   1,423 Total current assets  88,521   97,848 Property and equipment, net  4,306   3,253 Goodwill  10,742   - Intangible assets, net  11,512   - Deferred tax assets, net  18,585   20,773 Operating lease right-of-use assets, net  6,038   5,734 Other non-current assets  2,576   304 Total assets $142,280  $127,912 LIABILITIES AND SHAREHOLDERS EQUITY        Current liabilities:        Accounts payable $4,854  $5,332 Accrued expenses  5,392   3,366 Operating lease liabilities, short-term  858   465 Deferred revenue, short-term  613   1,345 Total current liabilities  11,717   10,508 Operating lease liabilities, long-term  5,574   5,732 Deferred revenue, long-term  52   41 Other long-term liabilities  1,756   38 Total liabilities  19,099   16,319 Commitments and contingencies (Note 7)        Shareholders equity:        Preferred stock, $0.01 par value: Authorized: 10,000 shares;        Issued and outstanding: none  -   - Common stock, $0.01 par value: Authorized: 75,000 shares;         Issued and outstanding: 29,709 shares and 28,995 shares at November 29, 2024 and May 31, 2024, respectively  297   289 Additional paid-in-capital  142,593   130,612 Acc