Aehr Test Systems market cap is $38.6 m, and annual revenue was $21.06 m in FY 2019

Aehr Test Systems Gross profit (FY, 2019)7.6 M

Aehr Test Systems Gross profit margin (FY, 2019), %36.1%

Aehr Test Systems Net income (FY, 2019)-5.2 M

Aehr Test Systems EBIT (FY, 2019)-5 M

Aehr Test Systems Cash, 31-May-20195.4 M

Aehr Test Systems revenue was $21.06 m in FY, 2019

Aehr Test Systems revenue breakdown by geographic segment: 55.2% from Asia, 41.1% from United States and 3.7% from Other

USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|---|---|

## Revenue | 19.7m | 10.0m | 14.5m | 18.9m | 29.6m | 21.1m |

| (49%) | 45% | 30% | |||

## Cost of goods sold | 9.5m | 6.2m | 9.4m | 12.1m | 17.2m | 13.5m |

## Gross profit | 10.2m | 3.8m | 5.1m | 6.8m | 12.4m | 7.6m |

| 52% | 38% | 35% | 36% | 42% | 36% |

## R&D expense | 4.1m | 4.3m | 4.7m | 4.2m | 4.2m | |

## General and administrative expense | 6.5m | 7.0m | 7.1m | 7.3m | 7.7m | |

## Operating expense total | 10.5m | 11.3m | 11.7m | 11.5m | 12.6m | |

## EBIT | 497.0k | (6.7m) | (6.2m) | (4.9m) | 915.0k | (5.0m) |

| 3% | (67%) | (42%) | (26%) | 3% | (24%) |

## Interest expense | 26.0k | 130.0k | 605.0k | 678.0k | 399.0k | 252.0k |

## Pre tax profit | (6.6m) | (6.8m) | (5.6m) | |||

## Income tax expense | 15.0k | 34.0k | 10.0k | 25.0k | 73.0k | (27.0k) |

## Net Income | 422.0k | (6.6m) | (6.8m) | (5.7m) | 528.0k | (5.2m) |

- Source: SEC Filings

USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 3.8m | 5.0m | 5.6m | 3.6m | 2.6m | 2.0m | 6.6m | 4.6m | 1.7m | 5.3m | 4.2m | 2.7m | 7.0m | 14.9m | 22.3m | 4.7m | 5.9m | 3.2m |

## Cost of goods sold | 1.8m | 2.5m | 2.7m | 1.9m | 1.9m | 1.2m | 3.3m | 2.9m | 1.5m | 3.1m | 2.8m | 2.2m | 4.1m | 8.8m | 13.1m | 3.2m | 3.5m | 2.9m |

## Gross profit | 1.9m | 2.5m | 2.9m | 1.6m | 694.0k | 852.0k | 3.4m | 1.7m | 169.0k | 2.2m | 1.5m | 503.0k | 2.9m | 6.0m | 9.2m | 1.6m | 2.4m | 272.0k |

| 52% | 50% | 51% | 45% | 27% | 42% | 51% | 37% | 10% | 41% | 35% | 19% | 42% | 41% | 41% | 33% | 41% | 9% |

## R&D expense | 681.0k | 798.0k | 907.0k | 959.0k | 1.1m | 1.0m | 1.1m | 923.0k | 1.3m | 1.1m | 1.0m | 1.2m | 955.0k | 2.0m | 3.1m | 1.1m | 986.0k | 931.0k |

## General and administrative expense | 1.4m | 1.5m | 1.7m | 1.6m | 1.7m | 1.6m | 1.8m | 1.7m | 1.7m | 1.7m | 1.7m | 1.7m | 1.8m | 3.6m | 5.5m | 1.9m | 2.0m | 1.9m |

## Operating expense total | 2.1m | 2.3m | 2.6m | 2.6m | 2.8m | 2.6m | 2.9m | 2.6m | 3.0m | 2.8m | 2.7m | 3.0m | 2.7m | 5.7m | 8.6m | 3.0m | 3.0m | 3.4m |

## EBIT | (157.0k) | 179.0k | 262.0k | (973.0k) | (2.1m) | (1.8m) | 476.0k | (945.0k) | (2.8m) | (570.0k) | (1.3m) | (2.5m) | 172.0k | 359.0k | 666.0k | (1.4m) | (565.0k) | (3.1m) |

| (4%) | 4% | 5% | (27%) | (82%) | (87%) | 7% | (20%) | (168%) | (11%) | (30%) | (92%) | 2% | 2% | 3% | (30%) | (10%) | (99%) |

## Interest expense | 4.0k | 10.0k | 7.0k | 14.0k | 8.0k | 7.0k | 135.0k | 137.0k | 165.0k | 178.0k | 181.0k | 178.0k | 107.0k | 212.0k | 310.0k | 78.0k | 74.0k | 76.0k |

## Pre tax profit | (751.0k) | 80.0k | (610.0k) | |||||||||||||||

## Income tax expense | 29.0k | (2.0k) | (22.0k) | 49.0k | (19.0k) | (66.0k) | (23.0k) | (21.0k) | 33.0k | (4.0k) | (30.0k) | (2.0k) | 5.0k | (10.0k) | 81.0k | (4.0k) | (19.0k) | 2.0k |

## Net Income | (166.0k) | 137.0k | 212.0k | (907.0k) | (2.1m) | (1.7m) | 294.0k | (1.0m) | (3.0m) | (755.0k) | (1.5m) | (2.7m) | 10.0k | 70.0k | 337.0k | (1.5m) | (629.0k) | (3.2m) |

- Source: SEC Filings

USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|---|---|

## Cash | 1.8m | 5.5m | 939.0k | 17.8m | 16.8m | 5.4m |

## Accounts Receivable | 3.4m | 1.4m | 522.0k | 4.0m | 2.9m | 4.9m |

## Prepaid Expenses | 254.0k | 961.0k | ||||

## Inventories | 6.1m | 7.1m | 7.0m | 6.6m | 9.0m | 9.1m |

## Current Assets | 11.7m | 14.3m | 8.7m | 29.4m | 29.5m | 20.0m |

## PP&E | 474.0k | 478.0k | 1.2m | 1.4m | 1.2m | 1.0m |

## Total Assets | 12.2m | 14.9m | 10.0m | 30.9m | 31.0m | 21.3m |

## Accounts Payable | 1.9m | 724.0k | 1.4m | 2.8m | 1.8m | 1.9m |

## Short-term debt | 6.1m | |||||

## Current Liabilities | 5.1m | 6.5m | 4.7m | 7.9m | 11.1m | 5.5m |

## Long-term debt | 777.0k | 6.0m | 6.1m | |||

## Total Debt | 777.0k | 6.0m | 6.1m | 6.1m | ||

## Total Liabilities | 10.8m | 14.1m | 11.7m | 5.9m | ||

## Common Stock | 132.0k | 213.0k | ||||

## Additional Paid-in Capital | 52.1m | 56.5m | 58.1m | 81.3m | 83.0m | 84.5m |

## Retained Earnings | (47.7m) | (54.3m) | (61.1m) | (66.8m) | (66.2m) | (71.5m) |

## Total Equity | 7.0m | 4.6m | (723.0k) | 16.8m | 19.3m | 15.5m |

## Debt to Equity Ratio | 0.1 x | -8.2 x | 0.4 x | 0.3 x | ||

## Debt to Assets Ratio | 0.1 x | 0.6 x | 0.2 x | 0.2 x | ||

## Financial Leverage | 1.7 x | 3.3 x | -13.9 x | 1.8 x | 1.6 x | 1.4 x |

- Source: SEC Filings

USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Cash | 2.4m | 2.5m | 1.8m | 2.1m | 3.6m | 2.3m | 3.7m | 2.0m | 2.5m | 2.3m | 5.2m | 2.0m | 14.0m | 10.0m | 9.1m | 15.9m | 14.0m | 12.3m |

## Accounts Receivable | 2.7m | 3.4m | 2.1m | 1.4m | 597.0k | 2.6m | 2.5m | 1.9m | 1.8m | 1.4m | 1.6m | 5.3m | 3.5m | 4.7m | 2.3m | 3.9m | 1.9m | |

## Inventories | 5.4m | 5.7m | 5.9m | 6.3m | 6.0m | 6.9m | 7.3m | 7.4m | 7.4m | 6.0m | 6.1m | 7.2m | 9.0m | 8.2m | 9.4m | 9.6m | 10.0m | 9.2m |

## Current Assets | 11.1m | 11.3m | 11.6m | 10.8m | 11.3m | 10.2m | 14.0m | 12.3m | 12.1m | 10.5m | 13.0m | 11.2m | 30.4m | 29.7m | 30.4m | 28.4m | 28.5m | 24.2m |

## PP&E | 246.0k | 249.0k | 311.0k | 492.0k | 538.0k | 502.0k | 465.0k | 576.0k | 1.3m | 789.0k | 793.0k | 861.0k | 1.1m | 1.2m | 1.2m | 1.2m | 1.1m | 975.0k |

## Total Assets | 11.4m | 11.6m | 11.9m | 11.4m | 12.0m | 10.7m | 14.6m | 12.9m | 13.4m | 11.3m | 13.9m | 12.2m | 31.6m | 31.0m | 32.0m | 29.9m | 29.9m | 25.5m |

## Accounts Payable | 1.4m | 1.9m | 2.3m | 1.6m | 1.8m | 1.6m | 1.8m | 1.4m | 1.9m | 1.9m | 1.8m | 1.8m | 3.5m | 1.8m | 2.6m | 1.3m | 2.0m | 557.0k |

## Short-term debt | 6.1m | 6.1m | 6.1m | |||||||||||||||

## Current Liabilities | 6.2m | 5.7m | 5.5m | 4.8m | 4.5m | 4.8m | 5.2m | 4.2m | 7.4m | 6.0m | 4.2m | 4.7m | 8.1m | 6.5m | 6.6m | 11.3m | 11.6m | 10.0m |

## Long-term debt | 947.0k | 476.0k | 406.0k | 1.0m | 642.0k | 115.0k | 2.0m | 6.1m | 6.1m | |||||||||

## Total Debt | 947.0k | 476.0k | 406.0k | 1.0m | 642.0k | 115.0k | 2.0m | 6.1m | 6.1m | 6.1m | 6.1m | 6.1m | ||||||

## Total Liabilities | 6.4m | 5.8m | 5.6m | 4.8m | 4.5m | 4.8m | 9.2m | 8.2m | 11.4m | 12.1m | 10.3m | 10.9m | 14.3m | 12.9m | 13.2m | 11.8m | 12.0m | 10.4m |

## Additional Paid-in Capital | 50.8m | 51.4m | 51.7m | 52.7m | 55.7m | 56.0m | 57.1m | 57.6m | 57.8m | 58.8m | 64.6m | 64.9m | 81.6m | 82.3m | 82.7m | 83.4m | 83.8m | 84.2m |

## Retained Earnings | (48.3m) | (48.1m) | (47.9m) | (48.6m) | (50.7m) | (52.4m) | (54.0m) | (55.1m) | (58.1m) | (61.9m) | (63.3m) | (66.0m) | (66.8m) | (66.7m) | (66.4m) | (67.8m) | (68.4m) | (71.6m) |

## Total Equity | 5.1m | 5.8m | 6.4m | 6.6m | 7.5m | 5.9m | 5.4m | 4.8m | 2.0m | 3.6m | 1.3m | 17.3m | 18.1m | 18.8m | 18.1m | 17.9m | 15.0m | |

## Debt to Equity Ratio | 0.2 x | 0.1 x | 0.1 x | 0.2 x | 0.1 x | 0 x | 1 x | 0.3 x | 0.3 x | 0.3 x | ||||||||

## Debt to Assets Ratio | 0.1 x | 0 x | 0 x | 0.1 x | 0.1 x | 0 x | 0.1 x | 0.2 x | 0.2 x | 0.2 x | ||||||||

## Financial Leverage | 2.3 x | 2 x | 1.9 x | 1.7 x | 1.6 x | 1.8 x | 2.7 x | 2.7 x | 6.6 x | 3.8 x | 9.4 x | 1.8 x | 1.7 x | 1.7 x | 1.6 x | 1.7 x | 1.7 x |

- Source: SEC Filings

USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|---|---|

## Net Income | 422.0k | (6.6m) | (6.8m) | (5.7m) | 528.0k | (5.2m) |

## Depreciation and Amortization | 141.0k | 135.0k | 203.0k | 271.0k | 417.0k | 431.0k |

## Accounts Receivable | (720.0k) | 1.8m | 887.0k | (3.5m) | 1.3m | (2.0m) |

## Inventories | (740.0k) | (1.0m) | 70.0k | 430.0k | (2.1m) | (112.0k) |

## Accounts Payable | 707.0k | (850.0k) | 564.0k | 1.7m | (1.1m) | 210.0k |

## Cash From Operating Activities | (607.0k) | (2.3m) | (6.3m) | (4.5m) | (1.4m) | (5.6m) |

## Purchases of PP&E | (339.0k) | (118.0k) | (919.0k) | (477.0k) | (572.0k) | (173.0k) |

## Cash From Investing Activities | (289.0k) | (118.0k) | (919.0k) | (477.0k) | (572.0k) | (173.0k) |

## Short-term Borrowings | (777.0k) | 2.0m | ||||

## Long-term Borrowings | 3.8m | (6.0k) | (6.1m) | |||

## Cash From Financing Activities | 391.0k | 6.4m | 2.5m | 21.8m | 925.0k | (5.6m) |

## Net Change in Cash | 3.7m | (4.6m) | 16.9m | |||

## Interest Paid | 27.0k | 130.0k | 302.0k | 516.0k | 550.0k | 610.0k |

## Income Taxes Paid | 44.0k | 26.0k | 47.0k | 18.0k | 37.0k | 37.0k |

- Source: SEC Filings

USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | (166.0k) | 137.0k | 212.0k | (907.0k) | (2.1m) | (1.7m) | 294.0k | (1.0m) | (3.0m) | (755.0k) | (1.5m) | (2.7m) | 10.0k | 70.0k | 337.0k | (1.5m) | (2.1m) | (5.3m) |

## Depreciation and Amortization | 89.0k | 190.0k | 300.0k | 111.0k | 230.0k | 333.0k | ||||||||||||

## Accounts Receivable | 2.1m | 1.4m | 597.0k | 2.6m | 2.5m | 1.9m | 1.8m | 1.4m | 1.6m | (1.3m) | 592.0k | (527.0k) | 563.0k | (1.1m) | 871.0k | |||

## Inventories | 6.3m | 6.0m | 6.9m | 7.3m | 7.4m | 7.4m | 6.0m | 6.1m | 7.2m | (2.0m) | (1.2m) | (2.4m) | (536.0k) | (935.0k) | (121.0k) | |||

## Accounts Payable | 1.6m | 1.8m | 1.6m | 1.8m | 1.4m | 1.9m | 1.9m | 1.8m | 1.8m | 651.0k | (1.0m) | (268.0k) | (398.0k) | 302.0k | (1.1m) | |||

## Cash From Operating Activities | (3.9m) | (2.2m) | (3.1m) | (971.0k) | (3.0m) | (4.8m) | ||||||||||||

## Purchases of PP&E | (184.0k) | (313.0k) | (458.0k) | (84.0k) | (103.0k) | (124.0k) | ||||||||||||

## Cash From Investing Activities | (184.0k) | (6.3m) | (6.4m) | (84.0k) | (103.0k) | (124.0k) | ||||||||||||

## Cash From Financing Activities | 234.0k | 601.0k | 727.0k | 109.0k | 312.0k | 435.0k |

- Source: SEC Filings

USD | Y, 2019 |
---|---|

## Revenue/Employee | 266.5k |

## Financial Leverage | 1.4 x |