AEHR TEST SYSTEMS
For the period ended May 31, 2024. Filed Jul 30, 2024.
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FY2024 · Filed Jul 30, 2024
AEHR$59.57-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at May 31, 2024 and 2023
CONSOLIDATED BALANCE SHEETS
| May 31, | ||
|---|---|---|
| (In thousands, except par value) | 2024 | 2023 |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $49,159 | $30,054 |
| Short-term investments | - | 17,853 |
| Accounts receivable | 9,796 | 16,594 |
| Inventories | 37,470 | 23,908 |
| Prepaid expenses and other current assets | 1,423 | 621 |
| Total current assets | 97,848 | 89,030 |
| Property and equipment | 3,253 | 2,759 |
| Operating lease right-of-use assets, net | 5,734 | 6,123 |
| Deferred tax assets, net | 20,773 | - |
| Other non-current assets | 304 | 231 |
| Total assets | $127,912 | $98,143 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $5,332 | $9,206 |
| Accrued expenses | 3,366 | 4,143 |
| Operating lease liabilities, short-term | 465 | 137 |
| Deferred revenue, short-term | 1,345 | 2,822 |
| Total current liabilities | 10,508 | 16,308 |
| Operating lease liabilities, long-term | 5,732 | 6,163 |
| Deferred revenue, long-term | 41 | 31 |
| Other long-term liabilities | 38 | 41 |
| Total liabilities | 16,319 | 22,543 |
| Commitments and contingencies (Note 9) | ||
| 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: 28,995 shares and 28,539 shares at May 31, 2024 and 2023, respectively | 289 | 285 |
| Additional paid-in-capital | 130,612 | 127,776 |
| Accumulated other comprehensive loss | (158) | (155) |
| Accumulated deficit | (19,150) | (52,306) |
| Total shareholders' equity | 111,593 | 75,600 |
| Total liabilities and shareholders’ equity | $127,912 | $98,143 |
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