Company: AEHR
Filing Date: 2025-01-13
Form Type: 10-Q
Source: 0001654954-25-000285
Chunk: 1

Company: AEHR TEST SYSTEMS
Filing Date: 2025-01-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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umulated other comprehensive loss  (191)  (158)Accumulated deficit  (19,518)  (19,150)Total shareholders' equity  123,181   111,593 Total liabilities and shareholders equity $142,280  $127,912 

See accompanying Notes to Condensed Consolidated Financial Statements (unaudited)

 3Table of Contents

AEHR TEST SYSTEMS 

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 

(Unaudited) 

  Three Months Ended  Six Months Ended   November 29,  November 30,  November 29,  November 30, (In thousands, except per share data) 2024  2023  2024  2023 Revenue:            Product $11,985  $19,837  $24,139  $39,194 Services  1,468   1,594   2,433   2,861 Total revenue  13,453   21,431   26,572   42,055 Cost of revenue:                Product  7,426   9,707   12,844   19,626 Services  627   766   1,250   1,490 Total cost of revenue  8,053   10,473   14,094   21,116 Gross profit  5,400   10,958   12,478   20,939 Operating expenses:                Research and development  2,276   1,972   4,637   4,429 Selling, general and administrative  4,637   3,518   9,195   6,927 Total operating expenses  6,913   5,490   13,832   11,356 Income (loss) from operations  (1,513)  5,468   (1,354)  9,583 Interest income, net  228   631   909   1,212 Other income, net  40   10   14   4 Income (loss) before income tax expense (benefit)  (1,245)