Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 55

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 1
Chunk 55
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The accompanying notes are an integral part of these consolidated financial statements.

 35Table of Contents

AEHR TEST SYSTEMS

Consolidated Statements of Cash Flows

  Year Ended   May 30,  May 31,  May 31, (In thousands) 2025  2024  2023 Cash flows from operating activities:         Net income (loss) $(3,910) $33,156  $14,557 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:            Stock-based compensation expense  5,162   2,518   2,748 Depreciation and amortization  2,312   657   450 Deferred income taxes  (421)  (20,773)  - Amortization of operating lease right-of-use assets  1,076   706   649 Impairment of assets  584   -   - Accretion of investment discount  -   (130)  (576)Provision for credit losses  -   -   24 Changes in operating assets and liabilities:            Accounts receivable  (3,037)  6,790   (3,788)Inventories  (2,441)  (13,732)  (9,469)Prepaid expenses and other current assets  (5,012)  (875)  28 Accounts payable  (714)  (3,891)  5,044 Accrued expenses  (378)  (792)  528 Deferred revenue  143   (1,469)  369 Operating lease liabilities  (699)  (423)  (561)Income taxes payable  (65)  14   8 Net cash provided by (used in) operating activities  (7,400)  1,756   10,011              Cash flows from investing activities:            Payments for business acquisition, net of cash and cash equivalent acquired  (11,075)  -   - Purchases of property and equipment  (4,992)  (749)  (1,362)