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Semileds Corp - LEDS STOCK NEWS

Welcome to our dedicated news page for Semileds (Ticker: LEDS), a resource for investors and traders seeking the latest updates and insights on Semileds.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Semileds's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Semileds's position in the market.

Rhea-AI Summary
SemiLEDs (LEDS) reported a decrease in revenue and net loss for the second quarter of fiscal year 2024, with revenue dropping to $886 thousand and a net loss of $559 thousand. The company's gross margin decreased to 13%, and operating margin was negative 94%. Cash and cash equivalents stood at $1.6 million. SemiLEDs expects third-quarter revenue to be around $1.0 million. Despite facing a potential delisting threat from Nasdaq due to stockholders' equity issues, the company believes it is currently compliant.
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3.95%
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Rhea-AI Summary
SemiLEDs Corporation (LEDS) reported an increase in revenue for the first quarter of fiscal 2024, reaching $1.6 million compared to $1.5 million in the previous quarter. The GAAP net loss attributable to SemiLEDs stockholders decreased to $598 thousand, or $(0.12) per diluted share, compared to a net loss of $881 thousand, or $(0.18) per diluted share, in the previous quarter. The GAAP gross margin increased to 15%, and the operating margin improved to negative 50%. The company's cash and cash equivalents were $2.3 million at the end of the quarter. SemiLEDs expects revenue for the second quarter to be approximately $1.1 million, with the Chinese New Year affecting operations in February 2024.
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SemiLEDs Corporation (NASDAQ: LEDS) announced financial results for Q4 and FY 2023, reporting a decrease in revenue and gross margin, with a net loss of $881 thousand for Q4. Cash and cash equivalents decreased to $2.6 million. FY 2023 revenue decreased to $6.0 million with a net loss of $2.7 million. The company expects Q1 2024 revenue to be around $1.5 million.
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-5.98%
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Rhea-AI Summary
SemiLEDs Corporation (NASDAQ:LEDS) is set to release its financial results for the 2023 fiscal fourth quarter and fiscal year ended August 31, 2023 on November 10, 2023.
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3.08%
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-1.27%
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-5.45%
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Semileds Corp

Nasdaq:LEDS

LEDS Rankings

LEDS Stock Data

9.13M
1.57M
68.52%
0.65%
0.14%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
Taiwan
Jhunan

About LEDS

semileds since its establishment in the us in 2005, semileds has asserted itself as a groundbreaker in the led industry. this is due to a commitment to innovation and the development of the game-changing vertical led chip on metal alloy substrate. today, semileds offer a wide range of ultra-high power led chips and packages and has enjoyed notable success in the uv led market. the company was awarded with the world economic forum’s prestigious ‘2009 technology pioneer award’. semileds'​ proprietary technology and process outshines the competition because of two unique advantages: 1. copper alloy base- giving thermal conductivity of 400 w/m-k. 2. vertical structure- providing perfect lambertian pattern as a nasdaq listed american company with a strong presence in asia (state-of-the-art rd and manufacturing facilities in both china and taiwan), semileds is well placed to respond to the demands of the global led market.