Company: AEHR
Filing Date: 2025-10-08
Form Type: 10-Q
Source: 0001654954-25-011582
Chunk: 10

Company: AEHR TEST SYSTEMS
Filing Date: 2025-10-08
Form: 10-Q
Item: Part I, Item 1
Chunk 10
---
 Gross  Amortization  Net Developed technology $9,130  $(824) $8,306  $9,130  $(634) $8,496 Trade names  1,050   (114)  936   1,050   (88)  962 Customer relationships  810   (80)  730   810   (61)  749 Non-compete agreements and others  1,010   (543)  467   1,010   (436)  574 Total $12,000  $(1,561) $10,439  $12,000  $(1,219) $10,781  Amortization expense related to purchased intangible assets with finite lives was $0.3 million for the three months ended August 29, 2025 and $0.1 million for the three months ended August 30, 2024. There were no impairments to purchased intangible assets during the three months ended August 29, 2025 and August 30, 2024, respectively.

 11Table of Contents

 As of August 29, 2025, the estimated future amortization expense of purchased intangible assets with finite lives is as follows:  (In thousands) Amount Remainder of 2026  887 2027  1,183 2028  981 2029  939 2030  939 2031  939 Thereafter  4,571 Total $10,439 

5. INCOME TAXES   The following table provides details of income taxes:    Three Months Ended   August 29,  August 30, (In thousands) 2025  2024 Income (loss) before income tax expense (benefit) $(2,836) $814 Income tax expense (benefit) $(752) $154 Effective tax rate  26.5%  18.9% The Company’s effective tax rate varies from the U.S. federal statutory rate of 21% primarily due to the tax deduction from stock-based compensation. During interim periods, tax expenses are accrued for jurisdictions that are anticipated to be profitable for fiscal 2026. For