7Baggers
Quarterly
Annual
    Unit: USD2024-02-29 2023-11-30 2023-08-31 2023-05-31 2023-02-28 2022-11-30 2022-08-31 2022-05-31 2022-02-28 2021-11-30 2021-08-31 2021-05-31 2021-02-28 2020-11-30 2020-08-31 2020-05-31 2020-02-29 2019-11-30 2019-08-31 2019-05-31 2019-02-28 2018-11-30 2018-08-31 2018-05-31 2018-02-28 2017-11-30 2017-08-31 2017-05-31 2017-02-28 2016-11-30 2016-05-31 2016-02-29 2015-11-30 2015-08-31 2015-05-31 2015-02-28 2014-11-30 2014-08-31 2014-05-31 2014-02-28 2013-11-30 2013-08-31 2013-05-31 2013-02-28 2012-11-30 2012-08-31 2012-05-31 2012-02-29 2011-11-30 
      
    		                                                 
      assets
    		                                                 
      current assets:
    		                                                 
      cash and cash equivalents
    		47,581,000 50,514,000 50,955,000 30,054,000 17,188,000 18,874,000 36,147,000 31,484,000 32,020,000 35,031,000 6,530,000 4,582,000 4,738,000 3,449,000 6,313,000 5,433,000 5,058,000 5,302,000 5,266,000 5,428,000 12,300,000 14,002,000 15,864,000 16,848,000 9,077,000 9,959,000 13,993,000 17,803,000 2,039,000 5,154,000 939,000 2,472,000 1,955,000 3,653,000 5,527,000 2,274,000 3,596,000 2,075,000 1,809,000 1,846,000 2,494,000 2,435,000 2,324,000 1,381,000 1,192,000 1,901,000 2,073,000 2,975,000 3,126,000 
      short-term investments
    		   17,853,000 25,577,000 17,710,000                   5,986,000 5,969,000                        
      accounts receivable
    		5,468,000 4,573,000 13,161,000    5,116,000 12,859,000 8,543,000 7,391,000 4,264,000 5,202,000 2,721,000 1,429,000 1,116,000 3,717,000 3,511,000 5,231,000 3,287,000 4,859,000 1,944,000 3,868,000 2,272,000 2,856,000 4,673,000 3,490,000 5,301,000 4,010,000 1,596,000 1,429,000 522,000 1,947,000 2,503,000 2,628,000 1,383,000 597,000 1,352,000 2,098,000 3,390,000 3,378,000 2,735,000 2,860,000 2,632,000 1,570,000   2,588,000   
      inventories
    		38,085,000 33,817,000 31,557,000 23,908,000 21,619,000 17,972,000 17,233,000 15,051,000 14,152,000 13,033,000 10,146,000 8,849,000 8,339,000 9,057,000 8,102,000 7,989,000 9,330,000 9,800,000 9,217,000 9,061,000 9,189,000 9,983,000 9,585,000 9,049,000 9,368,000 8,225,000 9,020,000 6,604,000 7,207,000 6,069,000 7,033,000 7,378,000 7,419,000 7,258,000 7,123,000 6,854,000 6,035,000 6,304,000 6,148,000 5,931,000 5,650,000 5,369,000 5,369,000 5,722,000 6,444,000 6,710,000 6,070,000 5,650,000 5,579,000 
      prepaid expenses and other current assets
    		1,215,000 2,861,000 540,000 621,000 808,000 823,000 833,000  559,000 622,000 759,000  571,000 433,000 439,000  586,000 534,000 523,000  787,000 688,000 727,000  1,339,000 2,098,000 2,050,000  354,000 390,000                    
      total current assets
    		92,349,000 91,765,000 96,213,000 89,030,000 76,581,000 65,535,000 59,329,000 60,007,000 55,274,000 56,077,000 21,699,000 19,184,000 16,369,000 14,368,000 15,970,000 17,651,000 18,485,000 20,867,000 18,293,000 20,034,000 24,220,000 28,541,000 28,448,000 29,456,000 30,443,000 29,741,000 30,364,000 29,378,000 11,196,000 13,042,000 8,748,000 12,094,000 12,279,000 14,004,000 14,295,000 10,153,000 11,342,000 10,828,000 11,673,000 11,554,000 11,299,000 11,120,000 10,522,000 8,878,000 10,925,000 11,495,000 10,928,000 9,697,000 11,024,000 
      property and equipment
    		3,150,000 3,185,000 3,083,000 2,759,000 1,281,000 1,263,000 1,322,000 1,203,000 776,000 661,000 676,000 677,000 617,000 683,000 622,000 663,000 783,000 860,000 1,000,000 1,045,000 975,000 1,074,000 1,174,000 1,203,000 1,205,000 1,166,000 1,140,000 1,419,000 861,000 793,000 1,204,000 1,251,000 576,000 465,000 478,000 502,000 538,000 492,000 474,000 311,000 249,000 246,000 301,000 378,000 358,000 439,000 510,000 587,000 707,000 
      operating lease right-of-use assets
    		5,863,000 5,987,000 5,951,000 6,123,000 6,293,000 561,000 740,000 917,000 1,091,000 1,265,000 1,437,000 1,606,000 1,763,000 1,918,000 1,952,000 2,107,000 2,260,000 2,387,000 2,533,000                               
      other non-current assets
    		234,000 238,000 222,000                                               
      total assets
    		101,596,000 101,175,000 105,469,000 98,143,000 84,396,000 67,543,000 61,578,000 62,328,000 57,355,000 58,185,000 24,001,000 21,665,000 18,891,000 17,111,000 18,691,000 20,574,000 21,688,000 24,300,000 22,025,000 21,307,000 25,451,000 29,901,000 29,888,000 30,955,000 31,972,000 31,001,000 31,599,000 30,892,000 12,153,000 13,930,000 10,046,000 13,439,000 12,948,000 14,563,000 14,868,000 10,749,000 11,974,000 11,415,000 12,225,000 11,943,000 11,626,000 11,444,000 10,975,000 9,415,000 11,452,000 12,108,000 11,613,000 10,456,000 11,908,000 
      liabilities and shareholders’ equity
    		                                                 
      current liabilities:
    		                                                 
      accounts payable
    		4,979,000 4,183,000 8,328,000 9,206,000 4,988,000 3,949,000 3,387,000 4,195,000 3,307,000 3,386,000 2,753,000 2,893,000 1,086,000 1,155,000 809,000 945,000 925,000 2,320,000 1,742,000 1,933,000 557,000 1,953,000 1,317,000 1,762,000 2,638,000 1,789,000 3,473,000 2,808,000 1,821,000 1,770,000 1,413,000 1,883,000 1,390,000 1,848,000 724,000 1,631,000 1,790,000 1,586,000 1,892,000  1,892,000 1,403,000 1,188,000 1,517,000 1,461,000 2,001,000 1,507,000 960,000 1,494,000 
      accrued expenses
    		3,287,000 3,232,000 4,536,000 4,143,000 3,489,000 2,566,000 2,479,000 3,610,000 2,535,000 2,254,000 1,978,000 2,163,000 1,624,000 1,344,000 1,373,000 1,439,000 1,373,000 1,596,000 1,577,000 2,034,000 2,085,000 1,487,000 1,498,000 1,646,000 1,643,000 1,607,000 1,572,000 1,609,000 1,897,000 1,366,000 1,553,000 1,458,000 1,496,000 1,557,000 1,045,000 1,375,000 1,248,000 1,435,000 1,390,000 1,447,000 1,245,000 1,437,000 1,440,000 1,554,000 1,611,000 1,580,000 1,385,000 1,221,000 1,553,000 
      operating lease liabilities, short-term
    		428,000 397,000 275,000 137,000 68,000 551,000 741,000 794,000 778,000 763,000 750,000 737,000 722,000 705,000 671,000 658,000 644,000 619,000 606,000                               
      deferred revenue, short-term
    		486,000 147,000 6,114,000                                         238,000      
      total current liabilities
    		9,180,000 7,959,000 19,253,000 16,308,000 9,388,000 10,746,000 9,899,000 11,014,000 12,817,000 16,545,000 8,760,000 9,061,000 6,911,000 4,483,000 4,173,000 3,865,000 3,327,000 6,344,000 4,540,000 5,512,000 10,019,000 11,618,000 11,264,000 11,148,000 6,591,000 6,538,000 8,079,000 7,884,000 4,730,000 4,191,000 4,680,000 7,367,000 4,181,000 5,224,000 6,519,000 4,833,000 4,472,000 4,782,000 5,117,000 5,463,000 5,651,000 6,200,000 5,701,000 4,524,000 5,351,000 5,426,000 4,855,000 3,082,000 3,318,000 
      operating lease liabilities, long-term
    		5,878,000 6,016,000 5,997,000 6,163,000 6,324,000 65,000 73,000 212,000 415,000 616,000 813,000 1,007,000 1,185,000 1,361,000 1,432,000 1,605,000 1,772,000 1,924,000 2,086,000                               
      deferred revenue, long-term
    		 4,000 33,000 31,000 8,000 25,000 47,000 69,000 90,000 116,000 150,000 99,000 80,000 9,000 19,000 22,000 34,000 64,000 113,000 189,000 240,000 252,000 359,000 459,000 497,000 251,000 97,000 104,000 32,000 47,000 127,000 127,000 127,000 127,000      8,000 20,000 36,000 68,000 122,000      
      other long-term liabilities
    		41,000 42,000 41,000 41,000 42,000  41,000 44,000 45,000  46,000 49,000 43,000                                     
      total liabilities
    		15,099,000 14,021,000 25,324,000 22,543,000 15,762,000 10,876,000 10,060,000 11,339,000 13,367,000 17,323,000 9,769,000 10,216,000 8,406,000 6,319,000 6,370,000 6,518,000 5,133,000 8,332,000 6,739,000 5,854,000 10,410,000 12,017,000 11,768,000 11,670,000 13,198,000 12,899,000 14,286,000 14,098,000 10,857,000 10,289,000 10,769,000 11,411,000 8,181,000 9,179,000 10,318,000 4,841,000 4,480,000 4,790,000 5,196,000 5,580,000 5,803,000 6,392,000 5,981,000 4,883,000 5,607,000 5,699,000 5,159,000 3,406,000 3,655,000 
      commitments and contingencies
    		                                                 
      shareholders’ equity:
    		                                                 
      preferred stock, 0.01 par value: authorized: 10,000 shares;
    		                                                 
      issued and outstanding: none
    		                                                 
      common stock
    		   285,000 283,000 277,000 274,000 271,000 269,000 268,000 245,000 237,000 236,000 235,000 233,000 231,000 230,000   227,000 226,000 224,000 222,000 221,000   215,000 213,000      130,000                
      issued and outstanding: 28,906 shares and 28,539 shares at february 29, 2024 and may 31, 2023, respectively
    		289,000                                                 
      additional paid-in-capital
    		129,366,000 128,543,000 127,630,000                                               
      accumulated other comprehensive loss
    		-144,000 -134,000 -141,000 -155,000 -162,000 -155,000 -150,000  -131,000                                         
      accumulated deficit
    		-43,014,000 -41,543,000 -47,632,000 -52,306,000 -58,417,000 -62,549,000 -66,274,000 -66,863,000 -72,657,000 -74,900,000 -75,617,000 -76,313,000 -76,880,000 -76,167,000 -74,201,000 -74,286,000 -71,401,000 -71,646,000 -71,897,000 -71,484,000 -71,594,000 -68,393,000 -67,764,000 -66,249,000 -66,440,000 -66,707,000 -66,767,000 -66,777,000 -65,982,000 -63,331,000 -61,124,000 -58,068,000 -55,093,000 -54,045,000 -54,339,000 -52,439,000 -50,713,000 -48,599,000 -47,692,000 -47,931,000 -48,143,000 -48,280,000 -48,114,000 -47,261,000 -45,802,000 -44,991,000 -44,717,000 -43,938,000 -42,577,000 
      total shareholders' equity
    		86,497,000 87,154,000 80,145,000 75,600,000 68,634,000  51,518,000 50,989,000 43,988,000  14,232,000 11,449,000 10,485,000 10,792,000 12,321,000 14,056,000 16,555,000 15,968,000 15,286,000 15,453,000 15,041,000 17,884,000 18,120,000 19,285,000 18,774,000 18,102,000 17,313,000 16,794,000 1,296,000 3,641,000 -723,000 2,028,000 4,767,000 5,384,000 4,550,000 5,908,000 7,494,000 6,625,000 7,029,000 6,363,000 5,823,000 5,052,000 4,994,000 4,532,000 5,845,000 6,409,000 6,454,000 7,050,000 8,253,000 
      total liabilities and shareholders’ equity
    		101,596,000 101,175,000 105,469,000   67,543,000    58,185,000                                        
      issued and outstanding: 28,826 shares and 28,539 shares at november 30, 2023 and may 31, 2023, respectively
    		 288,000                                                
      issued and outstanding: 28,763 shares and 28,539 shares at august 31, 2023 and may 31, 2023, respectively
    		  288,000                                               
      trade and other accounts receivable
    		   16,594,000 11,389,000 10,156,000                                            
      other assets
    		   231,000 241,000 184,000 187,000 201,000 214,000 182,000 189,000 198,000 142,000 142,000 147,000 153,000 160,000 186,000 199,000 228,000 256,000 286,000 266,000 296,000 324,000 94,000 95,000 95,000 96,000 95,000 94,000 94,000 93,000 94,000 95,000 94,000 94,000 95,000 78,000 78,000 78,000 78,000 152,000 159,000 169,000 174,000 175,000 172,000 177,000 
      liabilities and shareholders' equity
    		                                                 
      customer deposits and deferred revenue, short-term
    		   2,822,000 843,000 3,680,000 3,292,000 2,415,000 6,197,000 10,142,000 3,279,000 189,000 587,000 66,000 387,000 170,000 385,000 1,809,000 615,000 1,545,000 1,267,000 2,068,000 2,339,000 1,630,000 2,310,000 3,142,000 3,034,000  1,012,000 1,055,000  2,026,000 1,295,000 1,819,000   792,000 761,000 1,058,000 1,345,000 2,038,000 2,413,000 1,972,000       
      shareholders' equity:
    		                                                 
      additional paid-in capital
    		   127,776,000 126,930,000 119,094,000 117,668,000  116,507,000 115,602,000 89,668,000 87,553,000 87,174,000 86,786,000 86,356,000 85,898,000 85,530,000 85,194,000 84,760,000 84,499,000 84,176,000 83,830,000 83,405,000 83,041,000 82,671,000 82,304,000 81,576,000 81,128,000 64,939,000 64,636,000 58,052,000 57,770,000 57,557,000 57,068,000 56,547,000 55,976,000 55,725,000 52,678,000 52,142,000 51,703,000 51,390,000 50,781,000 50,580,000 49,251,000 49,093,000 48,857,000 48,622,000 48,378,000 48,196,000 
      total liabilities and shareholders' equity
    		   98,143,000 84,396,000  61,578,000 62,328,000 57,355,000  24,001,000 21,665,000 18,891,000 17,111,000 18,691,000 20,574,000 21,688,000 24,300,000 22,025,000 21,307,000 25,451,000 29,901,000 29,888,000 30,955,000 31,972,000 31,001,000 31,599,000 30,892,000 12,153,000 13,930,000 10,046,000 13,439,000 12,948,000 14,563,000 14,868,000 10,749,000 11,974,000 11,415,000 12,225,000 11,943,000 11,626,000 11,444,000 10,975,000 9,415,000 11,452,000 12,108,000 11,613,000 10,456,000 11,908,000 
      other liabilities
    		     40,000    46,000                                        
      total shareholders’ equity
    		     56,667,000    40,862,000                                        
      aehr test systems shareholders' equity:
    		                                                 
      prepaid expenses and other
    		       613,000    551,000    512,000    686,000    703,000    961,000   254,000 297,000 402,000 465,000 262,000 428,000 359,000 351,000 326,000 399,000 420,000 456,000 197,000 205,000 390,000 326,000 197,000 247,000 218,000 
      line of credit
    		           1,400,000 1,400,000                   2,000,000    115,000 642,000 1,000,000 777,000 406,000 476,000 947,000 1,101,000 1,215,000 1,685,000 1,452,000 1,408,000 716,000  
      current portion of long-term debt
    		           1,679,000 1,492,000 1,213,000 933,000 653,000     6,110,000 6,110,000 6,110,000 6,110,000                          
      preferred stock, 0.01 par value: authorized: 10,000 shares; issued and outstanding: none
    		                                                 
      additional paid-in capital common stock
    		       117,686,000                                          
      accumulated other comprehensive income
    		       -105,000  -108,000 -64,000 -28,000 -45,000 -62,000 -67,000 2,234,000 2,216,000 2,211,000 2,216,000 2,230,000 2,252,000 2,241,000 2,276,000 2,292,000 2,344,000 2,306,000 2,308,000 2,249,000 2,190,000 2,188,000 2,237,000 2,213,000 2,189,000 2,249,000 2,231,000 2,262,000 2,373,000 2,451,000 2,488,000 2,502,000 2,488,000 2,465,000 2,442,000 2,469,000 2,482,000 2,473,000 2,458,000 2,519,000 2,543,000 
      aehr test systems shareholders’ equity:
    		                                                 
      long-term debt, net of current portion
    		            187,000 466,000 746,000 1,026,000                                  
      total aehr test systems shareholders' equity
    		           11,449,000 10,485,000 10,792,000 12,321,000 14,077,000 16,575,000 15,988,000 15,306,000 15,472,000 15,060,000 17,902,000 18,139,000 19,305,000 18,794,000 18,121,000 17,332,000 16,813,000 1,315,000 3,660,000 -703,000 2,047,000 4,785,000 5,402,000 4,568,000 5,926,000 7,512,000 6,645,000 7,050,000 6,384,000 5,844,000 5,073,000 5,014,000 4,553,000 5,867,000 6,431,000    
      noncontrolling interest
    		               -21,000 -20,000 -20,000 -20,000 -19,000 -19,000 -18,000 -19,000 -20,000 -20,000 -19,000 -19,000 -19,000 -19,000 -19,000 -20,000 -19,000 -18,000 -18,000 -18,000 -18,000 -18,000 -20,000  -21,000 -21,000 -21,000 -20,000 -21,000 -22,000 -22,000    
      deferred rent
    		                   153,000 151,000 147,000 145,000 63,000                          
      aehr test systems shareholders' equity: preferred stock, 0.01 par value: authorized: 10,000 shares; issued and outstanding: none
    		                                                 
      issued and outstanding: 22,914 shares and 22,669 shares at november 30, 2019 and may 31, 2019, respectively
    		                 229,000                                
      issued and outstanding: 22,721 shares and 22,669 shares at august 31, 2019 and may 31, 2019, respectively
    		                  227,000                               
      convertible notes
    		                          6,110,000                       
      long-term debt
    		                        6,110,000 6,110,000                        
      authorized: 75,000 shares; issued and outstanding: 21,943 shares and 21,340 shares at february 28, 2018 and may 31, 2017, respectively
    		                        219,000                         
      authorized: 75,000 shares; issued and outstanding: 21,797 shares and 21,340 shares at november 30, 2017 and may 31, 2017, respectively
    		                         218,000                        
      customer deposits and deferred revenue
    		                           3,467,000   1,714,000    4,750,000 1,712,000              
      convertible notes, net of debt issuance costs
    		                           6,110,000   5,962,000                   
      aehr test systems shareholders' equity
    		                                                 
      long-term debt, net of debt issuance costs
    		                            6,095,000 6,051,000  3,917,000 3,873,000 3,828,000 3,791,000               
      authorized: 75,000 shares; issued and outstanding: 16,754 shares and 13,216 shares at february 28, 2017 and may 31, 2016, respectively
    		                            168,000                     
      authorized: 75,000 shares; issued and outstanding: 16,639 shares and 13,216 shares at november 30, 2016 and may 31, 2016, respectively
    		                             167,000                    
      income taxes payable
    		                                  8,000 8,000 8,000 8,000            
      preferred stock, 0.01 par value:
    		                                                 
      authorized: 10,000 shares;
    		                                                 
      authorized: 75,000 shares;
    		                                                 
      issued and outstanding: 13,216 shares and 12,857
    		                                                 
      shares at may 31, 2016 and 2015, respectively
    		                              132,000                   
      authorized: 75,000 shares; issued and outstanding: 13,164 shares and 12,857 shares at february 29, 2016 and may 31, 2015, respectively
    		                               132,000                  
      authorized: 75,000 shares; issued and outstanding: 13,164 shares and 12,857 shares at november 30, 2015 and may 31, 2015, respectively
    		                                132,000                 
      deferred rent, net of current portion
    		                                      8,000           
      issued and outstanding: 12,857 shares and 11,203 shares at may 31, 2015 and 2014, respectively
    		                                  129,000               
      issued and outstanding: 12,695 shares and 11,203 shares at february 28, 2015 and may 31, 2014, respectively
    		                                   127,000              
      authorized: 75,000 shares; issued and outstanding: 12,667 shares and
    		                                                 
      11,203 shares at november 30, 2014 and
    		                                                 
      may 31, 2014, respectively
    		                                    127,000 115,000            
      issued and outstanding: 11,498 shares and
    		                                                 
      11,203 shares at august 31, 2014 and
    		                                                 
      income tax payable
    		                                      71,000 77,000 76,000 76,000 109,000 115,000 114,000 112,000 125,000 129,000 128,000 
      issued and outstanding: 11,203 shares and 10,599 shares at may 31, 2014 and 2013, respectively
    		                                      112,000           
      noncontrolling interest.
    		                                      -21,000           
      acounts payable
    		                                       2,265,000          
      deferred lease commitment
    		                                       32,000 56,000 80,000  122,000 142,000 161,000 179,000 195,000 209,000 
      issued and outstanding: 11,018 shares and 10,599 shares at february 28, 2014 and
    		                                                 
      may 31, 2013, respectively
    		                                       110,000          
      issued and outstanding: 10,934 shares and 10,599 shares at november 30, 2013 and may 31, 2013, respectively
    		                                        109,000         
      issued and outstanding: 10,668 shares and 10,599 shares at august 31, 2013 and may 31, 2013, respectively
    		                                         107,000        
      deferred lease commitment, net of current portion
    		                                          103,000       
      issued and outstanding: 10,599 shares and 9,135
    		                                                 
      shares at may 31, 2013 and 2012, respectively
    		                                          106,000       
      issued and outstanding: 9,363 shares and 9,135 shares at february 28, 2013 and may 31, 2012, respectively
    		                                           94,000      
      doubtful accounts of 44 and 39 at
    		                                                 
      november 30, 2012 and may 31, 2012, respectively
    		                                            2,899,000     
      deferred revenue
    		                                            594,000 393,000 555,000 185,000 271,000 
      issued and outstanding: 9,363 shares and
    		                                                 
      9,135 shares at november 30, 2012 and
    		                                                 
      may 31, 2012, respectively
    		                                            94,000 92,000    
      doubtful accounts of 38 and 39 at
    		                                                 
      august 31, 2012 and may 31, 2012, respectively
    		                                             2,558,000    
      issued and outstanding: 9,236 shares and
    		                                                 
      9,135 shares at august 31, 2012 and
    		                                                 
      issued and outstanding: 9,135 shares and 8,932
    		                                                 
      shares at may 31, 2012 and 2011, respectively
    		                                              91,000   
      doubtful accounts of 14 and 23 at
    		                                                 
      february 29, 2012 and may 31, 2011,
    		                                                 
      respectively
    		                                               825,000 2,101,000 
      issued and outstanding: 9,055 shares and
    		                                                 
      8,932 shares at february 29, 2012 and
    		                                                 
      may 31, 2011, respectively
    		                                               91,000 91,000 
      doubtful accounts of 32 and 23 at
    		                                                 
      november 30, 2011 and may 31, 2011,
    		                                                 
      8,932 shares at november 30, 2011 and
    		                                                 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.