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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
May 31, 2023
May 31, 2022
May 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS      
Net sales $ 64,961 $ 50,829 $ 16,600
Cost of sales 32,215 27,164 10,568
Gross profit 32,746 23,665 6,032
Operating expenses:      
Selling, general and administrative 12,237 10,047 6,562
Research and development 7,134 5,818 3,652
Total operating expenses 19,371 15,865 10,214
Income (loss) from operations 13,375 7,800 (4,182)
Interest income (expense), net 1,245 13 (46)
Net gain from dissolution of Aehr Test Systems Japan 0 0 2,186
Gain from forgiveness of PPP loan 0 1,698 0
Other (expense) income, net (3) 30 (162)
Income (loss) before income tax (expense) benefit 14,617 9,541 (2,204)
Income tax (expense) benefit (60) (91) 177
Net income (loss) $ 14,557 $ 9,450 $ (2,027)
Earnings (net loss) per share - basic $ 0.52 $ 0.36 $ (0.09)
Earnings (net loss) per share - diluted $ 0.50 $ 0.34 $ (0.09)
Shares used in per share calculation - basic 27,785 26,014 23,457
Shares used in per share calculation - diluted 29,215 27,774 23,457