Company: AEHR
Filing Date: 2025-10-08
Form Type: 10-Q
Source: 0001654954-25-011582
Chunk: 3

Company: AEHR TEST SYSTEMS
Filing Date: 2025-10-08
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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28,995  $289  $130,612  $(158) $(19,150) $111,593 Issuance of common stock for business acqusition  552   6   9,375   -   -   9,381 Issuance of common stock under employee plans  47   -   56   -   -   56 Shares repurchased for tax withholdings on vesting of restricted stock units  (10)  -   (162)  -   -   (162)Stock-based compensation  -   -   931   -   -   931 Net income  -   -   -   -   660   660 Foreign currency translation adjustment  -   -   -   24   -   24 Balances, August 30, 2024  29,584  $295  $140,812  $(134) $(18,490) $122,483 

See accompanying Notes to Condensed Consolidated Financial Statements (unaudited)

 6Table of Contents

AEHR TEST SYSTEMS 

Condensed Consolidated Statements of Cash Flows 

(Unaudited) 

  Three Months Ended    August 29,  August 30, (In thousands) 2025  2024 Cash flows from operating activities:      Net income (loss) $(2,084 ) $660 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        Stock-based compensation expense  1,671   870 Depreciation and amortization  743   347 Deferred income taxes  (761 )  144 Amortization of operating lease right-of-use assets  179   219 Changes in operating assets and liabilities:        Accounts receivable  1,140   2,555 Inventories  218   (2,880 )Prepaid expenses and other current assets  1,576   (719 )Accounts payable  (2,401 )  (628 )Accrued expenses  505   288 Deferred revenue  (863 )  1,727 Operating lease liabilities