Company: AEHR
Filing Date: 2025-10-08
Form Type: 10-Q
Source: 0001654954-25-011582
Chunk: 18

Company: AEHR TEST SYSTEMS
Filing Date: 2025-10-08
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 restructuring liability remained as of August 29, 2025 related to this initiative.  There were no restructuring charges during the three months ended August 30, 2024.

11. EMPLOYEE RETENTION CREDIT The Company filed claims for the Employee Retention Credit (“ERC”) with the Internal Revenue Service in February 2024 under the provisions of the Coronavirus Aid, Relief, and Economic Security Act, as amended. During the three months ended August 29, 2025, the Company received a refund of approximately $1.3 million, which was recognized as other income in the Condensed Consolidated Statements of Operations. In connection with filing the ERC claims, the Company engaged a third-party service provider under a contingent-fee arrangement. As a result, the Company incurred a service fee of approximately $0.3 million, which was recorded in other expense in the Condensed Consolidated Statements of Operations during the three months ended August 29, 2025.

12. NET INCOME (LOSS) PER SHARE Basic net income (loss) per share is determined using the weighted average number of common shares outstanding during the period. Diluted net income per share is determined using the weighted average number of common shares and potential common shares (representing the hypothetical number of incremental shares issuable under the assumed exercise of outstanding stock options, and vesting of outstanding RSUs and ESPP shares) during the period using the treasury stock method. The calculation of dilutive shares outstanding excludes securities that would have an antidilutive effect on net income per share. The following table presents the computation of basic and diluted net income (loss) per share:    Three Months Ended    August 29,   August 30,  (In thousands, except per share data) 2025  2024 Numerator:      Net income (loss) $(2,084) $660 Denominator:        Basic weighted average shares outstanding  29,923   29,107 Dilutive effect of common equivalent shares outstanding  -   525 Diluted weighted average shares outstanding  29,923   29,632          Net income (loss) per share - Basic $(0.07) $0.02 Net income (loss) per share - Diluted $(0.07) $0.02          Antidilutive employee share-based awards, excluded  1,924