Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 301

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 1C
Chunk 301
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(158)  (19,150)  111,593 Issuance of common stock for business acquisition  552   6   9,375   -   -   9,381 Issuance of common stock under employee plans  393   4   1,405   -   -   1,409 Shares repurchased for tax withholdings on vesting of restricted stock units and in connection with the termination of the ESOP  (63)  -   (784)  -   -   (784)Stock-based compensation  -   -   5,150   -   -   5,150 Net loss  -   -   -   -   (3,910)  (3,910)Foreign currency translation adjustment  -   -   -   32       32 Balances, May 30, 2025  29,877  $299  $145,758  $(126) $(23,060) $122,871 

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