Company: AEHR
Filing Date: 2025-10-08
Form Type: 10-Q
Source: 0001654954-25-011582
Chunk: 4

Company: AEHR TEST SYSTEMS
Filing Date: 2025-10-08
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 (215 )  (205 )Income taxes payable  10   2 Net cash provided by (used in) operating activities  (282 )  2,380          Cash flows from investing activities:        Purchases of property and equipment  (1,391 )  (197 )Payments for business acquisition, net of cash and cash equivalents acquired  -   (10,615 )Net cash used in investing activities  (1,391 )  (10,812 )         Cash flows from financing activities:        Proceeds from issuance of common stock under employee plans  170   56 Shares repurchased for tax withholdings on vesting of restricted stock units  (328 )  (162 )Net cash used in financing activities  (158 )  (106 )         Effect of exchange rate changes on cash, cash equivalents and restricted cash  9   9          Net decrease in cash, cash equivalents and restricted cash  (1,822 )  (8,529 )         Cash, cash equivalents and restricted cash, beginning of period(1)  26,480   49,309 Cash, cash equivalents and restricted cash, end of period (1) $24,658  $40,780 

(1) Includes restricted cash within prepaid expenses and other current assets and other non-current assets.

See accompanying Notes to Condensed Consolidated Financial Statements (unaudited)

 7Table of Contents

AEHR TEST SYSTEMS

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 

(Unaudited)

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES Organization  Aehr Test Systems (the “Company”) was incorporated in California in May 1977 and develops and manufactures test and burn-in equipment used in the semiconductor industry.  The Company’s principal products are the FOX-XP, FOX-NP, and FOX-CP wafer contact and singulated die/module parallel test and burn-in systems, the Sonoma, Tahoe and Echo packaged parts burn-in products, the WaferPak full wafer contactor, the DiePak carrier, the WaferPak aligner, the DiePak autoloader, and test fixtures. Basis of Presentation  The unaudited Condensed Consolidated Financial Statements included in this quarterly report on Form 10-Q include the accounts