Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 656

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 7
Chunk 656
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, travel expenses, facilities cost allocations, and stock-based compensation charges. Selling, general and administrative expenses increased by $4.5 million in fiscal year 2025 over fiscal year 2024, primarily driven by additional selling, general and administrative expenses from the newly acquired Incal business, higher legal and other professional service fees, and higher stock-based compensation expense.

Selling, general and administrative expenses increased by $1.5 million in fiscal year 2024 over fiscal year 2023, primarily due to higher employment-related cost because of an increase in headcount, and an increase in audit and legal service fees.

Restructuring Charges

  Year Ended         May 30,  May 31,  May 31,            (Dollars in thousands) 2025  2024  2023  FY 2025 vs FY 2024 FY 2024 vs FY 2023 Restructuring Charges $864  $-  $-  $864  N.M. $-  N.M. As a percentage of total revenues  1.5%  0.0%  0.0%             

N.M.-Not meaningful

Restructuring charges incurred during fiscal 2025 primarily relate to the closure of the Incal office. For further explanation of our restructuring charges, see Note 13, Restructuring Charges, in Notes to Consolidated Financial Statements.

Interest and Other Income, Net

  Year Ended         May 30,  May 31,  May 31,             (Dollars in thousands) 2025  2024  2023  FY 2025 vs FY 2024  FY 2024 vs FY 2023 Interest income, net $1,401  $2,388  $1,245   (987) (41.3%)   1,143   91.8%Other income (expense), net  (15)  (8)  (3)  (7)  87.5%  (5)  166.7%Interest and other income (expense), net $1,386  $2,380  $1,242  $(994) (41.8%)  $1,138   91.