Company: AEHR
Filing Date: 2025-07-28
Form Type: 10-K
Source: 0001654954-25-008553
Chunk: 837

Company: AEHR TEST SYSTEMS
Filing Date: 2025-07-28
Form: 10-K
Item: Item 8
Chunk 837
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732 Deferred revenue, long-term  36   41 Other long-term liabilities  42   38 Total liabilities  25,637   16,319 Commitments and contingencies (Note 9)        Shareholders equity:        Preferred stock, $0.01 par value: Authorized: 10,000 shares; Issued and outstanding: none  -   - Common stock, $0.01 par value: Authorized: 75,000 shares; Issued and outstanding: 29,877 shares and 28,995 shares at May 30, 2025 and May 31, 2024, respectively  299   289 Additional paid-in capital  145,758   130,612 Accumulated other comprehensive loss  (126)  (158)Accumulated deficit  (23,060)  (19,150)Total shareholders' equity  122,871   111,593 Total liabilities and shareholders equity $148,508  $127,912 

The accompanying notes are an integral part of these consolidated financial statements.

 32Table of Contents

AEHR TEST SYSTEMS

CONSOLIDATED STATEMENTS OF OPERATIONS

  Year Ended   May 30,  May 31,  May 31, (In thousands, except per share data) 2025  2024  2023 Revenue $58,968  $66,218  $64,961 Cost of revenue  35,035   33,675   32,215 Gross profit  23,933   32,543   32,746 Operating expenses:            Research and development  10,463   8,719   7,134 Selling, general and administrative  18,283   13,746   12,237 Restructuring charges  864   -   - Total operating expenses  29,610   22,465   19,371 Income (loss) from operations  (5,677)  10,078   13,375 Interest income, net  1,401   2,388   1,245 Other expense, net  (15)  (8)  (3)Income (loss) before income tax