Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 264

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 1B
Chunk 264
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31, (In thousands, except per share data) 2025  2024  2023 Cost of sales $737  $330  $331 Research and development  1,476   639   706 Selling, general and administrative  2,949   1,549   1,711 Net effect on net income (loss) $5,162  $2,518  $2,748              Effect on net income (loss) per share:            Basic $0.17  $0.09  $0.10 Diluted $0.17  $0.09  $0.09  As of May 30, 2025 and May 31, 2024, stock-based compensation totaling $0.3 million and $0.3 million, respectively, was capitalized as part of inventory.

 52Table of Contents

The following table presents the combined stock activities and the total number of shares available for grant under the Company’s equity incentive plans: (in thousands) Available Shares for Grant Balance, May 31, 2022   735 Options granted  (110)RSUs granted  (674)RSUs cancelled  60 Options terminated   16 Balance, May 31, 2023   27 Shares issued under 2023 Equity Incentive Plan  1,500 Shares retired under 2016 Equity Incentive Plan  (95)Options granted  (4)RSUs granted  (221)RSUs cancelled  144 Options terminated   12 Balance, May 31, 2024  1,363 RSUs granted  (634)RSUs cancelled  70 Options terminated   2 Balance, May 30, 2025  801  Restricted Stock Units, Performance Restricted Stock Units and Restricted Stock Awards The Company’s nonvested RSU, PRSU and restricted stock awards granted to employees and members of the Company’s Board of Directors for the fiscal year ended May 30, 2025 were as follows:   Number of Shares  Weighted Average Grant Date Fair Value  Weighted Average Remaining Contractual Term  Aggregate Intrinsic Value   (in thousands)  Per Share  (In Years)  (in thousands)