Company: AEHR
Filing Date: 2025-10-08
Form Type: 10-Q
Source: 0001654954-25-011582
Chunk: 35

Company: AEHR TEST SYSTEMS
Filing Date: 2025-10-08
Form: 10-Q
Item: Part I, Item 2
Chunk 35
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2025  2024  Change Restructuring Charges $219  $-  N.M. As a percentage of total revenues  2.0%       

N.M.-Not meaningful

Restructuring charges incurred for the three months ended August 29, 2025 primarily related to a workforce reduction implemented to better align our resources with our business needs. For further explanation of our restructuring charges, see Note 10, Restructuring Charges, in Notes to Condensed Consolidated Financial Statements.

 20Table of Contents

Interest and Other Income (Expense), Net

  Three Months Ended      August 29,   August 30,   Percent (Dollars in thousands) 2025  2024  Change Interest income, net $179  $681  (74%) Other Income (expense), net  1,051   (26) N.M. Interest and other income (expense), net $1,230  $655   88%

N.M.-Not meaningful

Interest and other income (expense), net, primarily consists of interest income, foreign currency transaction exchange gains and losses and other non-operating income and expense. Interest income, net, decreased by $0.5 million for the three months ended August 29, 2025, compared to the same period in the prior year, primarily driven by lower interest income earned on a lower average cash balances and lower yields from our investments in money market funds.  Other income (expense), net, increased by $1.1 million for the three months ended August 29, 2025, compared to the same period in the prior year, primarily attributable to the Employee Retention Credit (“ERC”) refund of $1.3 million received, net of a $0.3 million third-party service fee incurred in connection with the filing of the ERC claims during the three months ended August 29, 2025. For further explanation of the ERC, see Note 11, Employee Retention Credit, in Notes to Condensed Consolidated Financial Statements.

Income Tax Expense (Benefit)

  Three Months Ended      August 29,   August 30,   Percent (Dollars in thousands) 2025  2024  Change Income tax expense (benefit) $(752) $154  (588%) 

For the three months ended August