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Aehr Test Systems Reports Operating Results (10-Q)

October 14, 2010 | About:
10qk

10qk

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Aehr Test Systems (AEHR) filed Quarterly Report for the period ended 2010-08-31.

Aehr Test Systems has a market cap of $10.4 million; its shares were traded at around $1.2 with and P/S ratio of 0.9. AEHR is in the portfolios of Jim Simons of Renaissance Technologies LLC.
This is the annual revenues and earnings per share of AEHR over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of AEHR.


Highlight of Business Operations:



AEHR TEST SYSTEMS

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)

(unaudited)

August 31, May 31,

2010 2010

- -

(1)



ASSETS

Current assets:

Cash and cash equivalents . . . . . . . . . . . $ 5,405 $ 7,766

Accounts receivable, net of allowances for

doubtful accounts of $20 and $1,411 at

August 31, 2010 and May 31, 2010,

respectively . . . . . . . . . . . . . . . . 1,387 596

Inventories . . . . . . . . . . . . . . . . . . 3,942 3,635

Prepaid expenses and other. . . . . . . . . . . 190 445

- -

Total current assets . . . . . . . . . . . . 10,924 12,442





Three months ended

August 31,

-

2010 2009

- -



Option Plan Shares

Expected Term (in years).................... 5 5

Volatility.................................. 0.80 0.78

Expected Dividend........................... $0.00 $0.00

Risk-free Interest Rates.................... 1.78% 2.54%

Estimated Forfeiture Rate................... 0.25% 0.25%

Weighted Average Grant Date Fair Value...... $1.25 $0.53



Options granted............. (434) 434 $1.97

Options terminated.......... 115 (115) $3.41

Options exercised........... (14) $0.86

Plan shares expired......... (63)

- -

Balances, August 31, 2010... 616 2,254 $3.56 $173

= =





Options Outstanding Options Exercisable

at August 31, 2010 at August 31, 2010

- -

Weighted Weighted

Average Weighted Number Weighted Average

Range of Number Remaining Average Exer- Average Remaining Aggregate

Exercise Outstanding Contractual Exercise cisable Exercise Contractual Intrinsic

Prices Shares Life(Years) Price Shares Price Life (Years) Value

- - - - - - - -



$0.85-$0.85 495 3.83 $0.85 297 $0.85 3.83

$1.29-$2.81 844 3.82 $2.18 301 $2.44 2.68

$2.84-$5.96 460 1.42 $4.60 418 $4.46 1.38

$6.00-$9.30 329 2.16 $7.30 309 $7.31 2.16

$9.94-$9.94 126 2.81 $9.94 68 $9.94 2.81

- -

$0.85-$9.94 2,254 3.04 $3.56 1,393 $4.16 2.43 $104

= =





Balance as of

August 31, 2010 Level 1 Level 2

- - -



Money market funds.............. $4,375 $4,375 $ -

- - -

Assets.......................... $4,375 $4,375 $ -

= = =



United

States Asia Europe Total

- - - -



Three months ended August 31, 2010:

Net sales........................... $1,609 $499 $61 $2,169

Property and equipment, net......... 1,268 79 13 1,360



Read the The complete Report

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