Company: AEHR
Filing Date: 2025-01-13
Form Type: 10-Q
Source: 0001654954-25-000285
Chunk: 5

Company: AEHR TEST SYSTEMS
Filing Date: 2025-01-13
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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Income (loss)  Deficit  Equity Six Months Ended November 30, 2023                  Balances, May 31, 2023  28,539  $285  $127,776  $(155) $(52,306) $75,600 Issuance of common stock under employee plans  321   3   1,089   -   -   1,092 Issuance cost of common stock offering  -   -   (72)  -   -   (72)Shares repurchased for tax withholdings on vesting of restricted stock units  (34)  -   (1,460)  -   -   (1,460)Stock-based compensation  -   -   1,210   -   -   1,210 Net income  -   -   -   -   10,763   10,763 Foreign currency translation adjustment  -   -   -   4   -   4 Net unrealized gains on investments  -   -   -   17   -   17 Balances, November 30, 2023  28,826  $288  $128,543  $(134) $(41,543) $87,154 

See accompanying Notes to Condensed Consolidated Financial Statements (unaudited)

 7Table of Contents

AEHR TEST SYSTEMS 

Condensed Consolidated Statements of Cash Flows 

(Unaudited) 

  Six Months Ended    November 29,  November 30, (In thousands) 2024  2023 Cash flows from operating activities:      Net income (loss) $(368) $10,763 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        Stock-based compensation expense  1,945   1,160 Depreciation and amortization  953   283 Deferred income taxes  (90)  - Amortization of operating lease right-of-use assets  506   337 Accretion of investment discount  -   (130)Changes in operating