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April 2022
March 2022
January 2022
January 2022
January 2022
October 2021
October 2021
September 2021
September 2021
July 2021
Aehr Test Systems
|
Investor Relations Contact:
|
Ken Spink
|
Todd Kehrli or Jim Byers
|
Chief Financial Officer
|
MKR Group, Inc.
|
(510) 623-9400 x309
|
(323) 468-2300
|
|
aehr@mkr-group.com
|
|
Three Months Ended
|
Year Ended
|
|||
|
May 31,
|
Feb 28,
|
May 31,
|
May 31,
|
May 31,
|
|
2018
|
2018
|
2017
|
2018
|
2017
|
|
|
|
|
|
|
Net
sales
|
$7,269
|
$7,393
|
$6,683
|
$29,555
|
$18,898
|
Cost of
sales
|
4,108
|
4,217
|
4,075
|
17,169
|
12,118
|
Gross
profit
|
3,161
|
3,176
|
2,608
|
12,386
|
6,780
|
|
|
|
|
|
|
Operating
expenses:
|
|
|
|
|
|
Selling,
general and administrative
|
1,816
|
1,829
|
1,905
|
7,290
|
7,052
|
Research
and development
|
1,096
|
1,040
|
1,309
|
4,181
|
4,657
|
Total
operating expenses
|
2,912
|
2,869
|
3,214
|
11,471
|
11,709
|
|
|
|
|
|
|
Income
(loss) from operations
|
249
|
307
|
(606)
|
915
|
(4,929)
|
|
|
|
|
|
|
Interest
expense
|
(89)
|
(98)
|
(141)
|
(399)
|
(678)
|
Other income
(expense), net
|
39
|
(33)
|
(59)
|
(61)
|
(21)
|
|
|
|
|
|
|
Income
(loss) before income tax (expense)
benefit
|
199
|
176
|
(806)
|
455
|
(5,628)
|
|
|
|
|
|
|
Income tax (expense)
benefit
|
(8)
|
91
|
11
|
73
|
(25)
|
|
|
|
|
|
|
Net
income (loss)
|
191
|
267
|
(795)
|
528
|
(5,653)
|
|
|
|
|
|
|
Less: Net income
attributable to the noncontrolling
interest
|
-
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
Net income (loss)
attributable to Aehr Test
Systems common
shareholders |
$191
|
$267
|
$(795)
|
$528
|
$(5,653)
|
|
|
|
|
|
|
Net income (loss) per
share
|
|
|
|
|
|
Basic
|
$0.01
|
$0.01
|
$(0.04)
|
$0.02
|
$(0.35)
|
Diluted
|
$0.01
|
$0.01
|
$(0.04)
|
$0.02
|
$(0.35)
|
|
|
|
|
|
|
Shares used in per
share calculations:
|
|
|
|
|
|
Basic
|
22,033
|
21,832
|
19,050
|
21,732
|
16,267
|
Diluted
|
22,614
|
22,641
|
19,050
|
22,782
|
16,267
|
|
Three Months Ended
|
Year Ended
|
|||
|
May 31,
|
Feb 28,
|
May 31,
|
May 31,
|
May 31,
|
|
2018
|
2018
|
2017
|
2018
|
2017
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP net
income (loss)
|
$191
|
$267
|
$(795)
|
$528
|
$(5,653)
|
Stock-based
compensation expense
|
174
|
242
|
208
|
996
|
999
|
Non-GAAP net
income (loss)
|
$365
|
$509
|
$(587)
|
$1,524
|
$(4,654)
|
|
|
|
|
|
|
GAAP net
income (loss) per diluted share
|
$0.01
|
$0.01
|
$(0.04)
|
$0.02
|
$(0.35)
|
Non-GAAP net
income (loss) per diluted share
|
$0.02
|
$0.02
|
$(0.03)
|
$0.07
|
$(0.29)
|
Shares used
in diluted shares calculation
|
22,614
|
22,641
|
19,050
|
22,782
|
16,267
|
Shares used
in non-GAAP diluted shares calculation
|
22,614
|
22,641
|
19,050
|
22,782
|
16,267
|
|
May 31,
|
February 28,
|
May 31,
|
|
2018
|
2018
|
2017
|
ASSETS
|
|
|
|
|
|
|
|
Current
assets:
|
|
|
|
Cash
and cash equivalents
|
$16,848
|
$9,077
|
$17,803
|
Short-term
investments
|
-
|
5,986
|
-
|
Accounts
receivable, net
|
2,856
|
4,673
|
4,010
|
Inventories
|
9,049
|
9,368
|
6,604
|
Prepaid
expenses and other
|
703
|
1,339
|
961
|
Total
current assets
|
29,456
|
30,443
|
29,378
|
|
|
|
|
Property
and equipment, net
|
1,203
|
1,205
|
1,419
|
Other
assets
|
296
|
324
|
95
|
Total
assets
|
$30,955
|
$31,972
|
$30,892
|
|
|
|
|
LIABILITIES AND SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
Current
portion of long-term debt
|
$6,110
|
$-
|
$-
|
Accounts
payable
|
1,762
|
2,638
|
2,808
|
Accrued
expenses
|
1,646
|
1,643
|
1,609
|
Customer
deposits and deferred revenue, short-term
|
1,630
|
2,310
|
3,467
|
Total
current liabilities
|
11,148
|
6,591
|
7,884
|
|
|
|
|
Long-term
debt
|
-
|
6,110
|
6,110
|
Deferred
rent
|
63
|
-
|
-
|
Deferred
revenue, long-term
|
459
|
497
|
104
|
Total
liabilities
|
11,670
|
13,198
|
14,098
|
|
|
|
|
Aehr
Test Systems shareholders' equity
|
19,305
|
18,794
|
16,813
|
Noncontrolling
interest
|
(20)
|
(20)
|
(19)
|
Total
shareholders' equity
|
19,285
|
18,774
|
16,794
|
|
|
|
|
Total
liabilities and shareholders' equity
|
$30,955
|
$31,972
|
$30,892
|
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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Aehr Test Systems.
Aehr Test Systems's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
Rating
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Common stock, $0.01 par value: Authorized: 75,000 shares Issued and outstanding: 22,143 shares and 21,340 shares at May 31, 2018 and 2017, respectively
Less: Net income attributable to the noncontrolling interest
Less: Net income attributable to the noncontrolling interest
Less: Net income attributable to the noncontrolling interest
Less: Comprehensive loss income attributable to noncontrolling interest
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Aehr Test Systems provided additional information to their SEC Filing as exhibits
Ticker: AEHR
CIK: 1040470
Form Type: 10-K Annual Report
Accession Number: 0001654954-18-009628
Submitted to the SEC: Tue Aug 28 2018 4:40:11 PM EST
Accepted by the SEC: Tue Aug 28 2018
Period: Thursday, May 31, 2018
Industry: Instruments For Meas And Testing Of Electricity And Elec Signals