Aehr Test Systems (AEHR) Financial Statements (2024 and earlier)

Company Profile

Business Address 400 KATO TERRACE
FREMONT, CA 94539
State of Incorp. CA
Fiscal Year End May 31
Industry (SIC) 3825 - Instruments for Measuring and Testing of Electricity and Electrical Signals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

8/31/2023
MRQ
5/31/2023
11/30/2022
MRQ
5/31/2022
5/31/2021
5/31/2020
5/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47,90736,58431,4844,5825,4335,428
Cash and cash equivalents30,05418,87431,4844,5825,4335,428
Short-term investments 17,85317,710    
Receivables 16,594 12,8595,2023,7174,859
Inventory, net of allowances, customer advances and progress billings23,90817,97215,0518,8497,9899,061
Inventory23,90817,97215,0518,8497,9899,061
Other undisclosed current assets62110,979613551512686
Total current assets:89,03065,53560,00719,18417,65120,034
Noncurrent Assets
Operating lease, right-of-use asset6,1235619171,6062,107
Property, plant and equipment2,7591,2631,2036776631,045
Other noncurrent assets231184201198153228
Total noncurrent assets:9,1132,0082,3212,4812,9231,273
TOTAL ASSETS:98,14367,54362,32821,66520,57421,307
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities13,3496,5159,2195,0562,3843,967
Taxes payable13   
Employee-related liabilities1,401   
Accounts payable9,2063,9494,1952,8939451,933
Accrued liabilities4,1432,5663,6102,1631,4392,034
Deferred revenue     
Debt    1,679653 
Other undisclosed current liabilities2,9594,2311,7952,3268281,545
Total current liabilities:16,30810,74611,0149,0613,8655,512
Noncurrent Liabilities
Long-term debt and lease obligation   2121,0072,631 
Long-term debt, excluding current maturities     1,026 
Liabilities, other than long-term debt6,1949011314822153
Deferred revenue3125699922
Deferred rent credit      153
Other liabilities   4449  
Operating lease, liability6,163652121,0071,605
Other undisclosed noncurrent liabilities4140   189
Total noncurrent liabilities:6,2351303251,1552,653342
Total liabilities:22,54310,87611,33910,2166,5185,854
Equity
Equity, attributable to parent75,60056,66750,98911,44914,07715,472
Common stock285277271237231227
Additional paid in capital127,776119,094117,68687,55385,89884,499
Accumulated other comprehensive income (loss)(155)(155)(105)(28)2,2342,230
Accumulated deficit(52,306)(62,549)(66,863)(76,313)(74,286)(71,484)
Equity, attributable to noncontrolling interest     (21)(19)
Total equity:75,60056,66750,98911,44914,05615,453
TOTAL LIABILITIES AND EQUITY:98,14367,54362,32821,66520,57421,307

Income Statement (P&L) ($ in thousands)

8/31/2023
TTM
5/31/2023
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Revenues64,96161,05850,82916,60022,29121,056
Cost of revenue(32,215)(31,801)(27,164)(10,568)(13,920)(13,454)
Gross profit:32,74629,25723,6656,0328,3717,602
Operating expenses(19,371)(17,238)(15,865)(10,214)(11,136)(12,602)
Operating income (loss):13,37512,0197,800(4,182)(2,765)(5,000)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(3)(9)30(162)(11)44
Interest and debt expense      (252)
Income (loss) from continuing operations before equity method investments, income taxes:13,37212,0107,830(4,344)(2,776)(5,208)
Other undisclosed income from continuing operations before income taxes1,2454071,7112,14010 
Income (loss) from continuing operations before income taxes:14,61712,4179,541(2,204)(2,766)(5,208)
Income tax expense (benefit)(60)11691177(36)(27)
Income (loss) from continuing operations:14,55712,5339,632(2,027)(2,802)(5,235)
Income (loss) before gain (loss) on sale of properties:8,8089,632(2,027)(2,802)(5,235)
Other undisclosed net loss  (182)(182)   
Net income (loss) available to common stockholders, diluted:14,55712,3519,450(2,027)(2,802)(5,235)

Comprehensive Income ($ in thousands)

8/31/2023
TTM
5/31/2023
11/30/2022
TTM
5/31/2022
5/31/2021
5/31/2020
5/31/2019
Net income (loss):14,55712,3519,450(2,027)(2,802)(5,235)
Other comprehensive loss(14,507)    (62)
Other undisclosed comprehensive income (loss)  3(77)(2,241)21
Comprehensive income (loss):5012,3549,373(4,268)(2,800)(5,296)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (21)21
Other undisclosed comprehensive income (loss), net of tax, attributable to parent14,457(50)   (2)
Comprehensive income (loss), net of tax, attributable to parent:14,50712,3049,373(4,289)(2,798)(5,297)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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