Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 312

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 1C
Chunk 312
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30,  May 31, (In thousands) 2025  2024 Raw materials and sub-assemblies $30,644  $22,410 Work in process  9,263   13,593 Finished goods  2,090   1,467   $41,997  $37,470  Property and equipment, net consisted of the following:   May 30,  May 31, (In thousands) 2025  2024 Leasehold improvements $5,999  $1,298 Machinery and equipment  3,846   4,180 Test equipment  2,898   1,928 Furniture and fixtures  1,331   175 Construction-in-process  362   638    14,436   8,219 Less: accumulated depreciation and amortization  (5,467)  (4,966)  $8,969  $3,253     Depreciation expense was $1.0 million, $0.7 million, and $0.5 million in fiscal years 2025, 2024, and 2023, respectively.

 42Table of Contents

Accrued expenses and other current liabilities consisted of the following:   May 30,  May 31, (In thousands) 2025  2024 Commissions and bonuses $1,420  $1,290 Payroll related  1,335   1,202 Professional services  436   503 Warranty reserve  428   234 Escrow payable  1,762   - Other  639   137   $6,020  $3,366  Changes in the Company’s warranty reserve were as follows:   May 30,  May 31, (In thousands) 2025  2024 Balance at the beginning of the period $234  $267 Accruals for warranties issued during the period  679   511 Warranties acquired through business combination  144   - Consumption of reserves  (629)  (544)Balance at the end of the period $428  $234  The accrued warranty balance is included in accrued expenses