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SemiLEDs Corporation reports recurring developments in its LED chip and LED component business, including quarterly financial results, gross margin, operating margin, liquidity and product demand. The company develops and manufactures LED chips and components for general lighting uses such as street, commercial, industrial, system and residential lighting, and sells blue, white, green and UV LED chips.
Company news also covers specialty industrial applications, including UV curing, medical and cosmetic uses, counterfeit detection, horticulture, architectural lighting and entertainment lighting. Updates involving TSLC, a wholly owned SemiLEDs company, describe precision optoelectronic systems, wafer-level packaging solutions and sensor or light-source development tied to advanced packaging technology.
SemiLEDs (NASDAQ: LEDS) announced its financial results for Q3 FY 2024, ending May 31, 2024.
Revenue increased to $1.3 million from $886 thousand in the previous quarter. GAAP net loss decreased to $319 thousand, or $(0.06) per diluted share, from a net loss of $559 thousand, or $(0.11) per diluted share in Q2 FY 2024.
The GAAP gross margin improved to 41% from 13% in the last quarter. The operating margin also showed improvement, rising to negative 36% from negative 94% in Q2 FY 2024.
Cash and cash equivalents rose to $1.7 million, up from $1.6 million at the end of the prior quarter. The company expects Q4 FY 2024 revenue to be around $1.0 million +/- 10%.
SemiLEDs has engaged Roth Capital Partners to explore potential strategic alternatives.
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SemiLEDs Corporation (NASDAQ: LEDS) reported a revenue decline for Q2 FY2023, totaling $1.2 million, down from $1.7 million in Q1 FY2023. The net loss attributable to stockholders increased to $541,000, or $(0.11) per diluted share, consistent with Q1's loss per share. The company's gross margin decreased to 23% from 27% in Q1, while operating margin worsened to -61% from -39%. Cash and cash equivalents decreased to $3.9 million at the end of Q2, down from $4.5 million in Q1. The company expects Q3 revenue to be around $2.0 million, with a margin of +/- 10%.
SemiLEDs Corporation (NASDAQ: LEDS) will release its financial results for the 2023 fiscal second quarter, which ended on February 28, 2023, prior to market opening on April 12, 2023. The company specializes in the development, manufacturing, and sales of LED chips and components for various lighting applications, including general, industrial, and specialty uses such as UV curing and horticulture. SemiLEDs produces a range of LED products, including blue, white, green, and UV chips.
SemiLEDs Corporation (NASDAQ: LEDS) reported its Q1 fiscal 2023 results, revealing a revenue increase to $1.7 million from $1.6 million in Q4 FY2022. The net loss narrowed to $512 thousand ($0.11 per diluted share) from a loss of $1.1 million ($0.25 per diluted share) in the previous quarter. Gross margin improved to 27% versus 21% in Q4 FY2022, while operating margin also showed improvement at -39% compared to -66%. Cash and equivalents were $4.5 million as of November 30, 2022, up from $4.3 million at FY2022's end.
SemiLEDs Corporation (NASDAQ:LEDS) is set to report its financial results for the first quarter of the 2023 fiscal year, ending November 30, 2022. The announcement is scheduled for January 3, 2023, before the market opens. SemiLEDs specializes in developing and manufacturing LED chips and components for various applications, including general lighting and ultraviolet (UV) technologies for sectors like medical and horticulture.