Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 610

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 6
Chunk 610
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 Company’s cash and cash equivalents are generally deposited with major financial institutions in the United States, Philippines, Germany and Taiwan. The Company invests its excess cash in money market funds. The Company’s cash and investment balances held at banks and brokerage firms may at time exceed federally insured levels. The Company has not experienced any material losses on its money market funds or short-term cash deposits. The Company performs credit evaluations of its customers’ financial condition and generally requires no collateral. The Company had revenues from individual customers in excess of 10% of total revenues as follows:    Year Ended   May 30,  May 31,  May 31,   2025  2024  2023           Customer A  38.6%  67.3%  78.8%Customer B  15.1% *  * Customer F *   16.7% * Customer G *  *   10.4%  * Amount was less than 10% of total revenue The Company had gross accounts receivable from individual customers in excess of 10% of gross accounts receivable as follows:    May 30,  May 31,   2025  2024        Customer A  12.0%  49.9%Customer C  26.2% * Customer D  17.2% * Customer E  17.1% * Customer F *   16.5%Customer G *   12.3% * Amount was less than 10% of total gross accounts receivable Inventories Inventories include material, labor and overhead, and are stated at the lower of cost or net realizable value, with cost determined on a first-in, first-out (FIFO) basis. Net realizable value is the estimated selling prices in the ordinary course of business, less costs of completion, disposal and transportation. Provisions for excess, obsolete and unusable inventories are made after management’s evaluation of future demand and market conditions. If actual future demand or market conditions become less favorable than those projected by management, additional adjustment for excess or obsolete inventory may be required, and would be reflected in cost of revenue in the period the revision is made.  Property and Equipment  Property and equipment are stated at cost less accumulated depreciation and amortization. Major improvements