Welcome to our dedicated page for Semileds SEC filings (Ticker: LEDS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
SemiLEDs Corporation filings document the formal disclosures of an LED chip and LED component manufacturer, including 8-K reports for quarterly operating results and financial condition. The company’s regulatory record also includes Nasdaq listing-compliance notices, material definitive agreements, secured loan amendments, potential common-stock repayment provisions, and liquidity-related disclosures tied to its capital structure.
Proxy and governance filings cover director elections, independent auditor ratification, executive and director compensation matters, annual meeting voting results and changes in the company’s certifying accountant. These filings provide the company’s official record for governance, audit oversight, shareholder votes, related-party financing and public-company compliance matters.
SemiLEDs Corporation is asking stockholders to approve routine matters at the 2026 annual meeting, scheduled for August 28, 2026 in Chu-Nan, Taiwan. Proposals are to elect five directors and to ratify DLEE Accountancy Inc. as independent registered public accounting firm for fiscal year 2026; the board recommends voting FOR both items.
The company qualifies as a Nasdaq “Controlled Company” because Simplot Taiwan Inc. and Chief Executive Officer Trung T. Doan together control 57.0% of the voting power through a voting agreement, out of 8,273,403 common shares outstanding as of July 1, 2026. The five‑member board includes three independent directors; Mr. Doan serves as both Chairman and CEO.
SemiLEDs continues to rely on related‑party financing. As of July 1, 2026, $1.2 million of 8% secured loans from Mr. Doan and Simplot Taiwan Inc. remained outstanding, following multiple maturity extensions and partial repayments using newly issued common stock. The company reported a fiscal 2025 net loss of $1,130 thousand. Former auditor YCM CPA Inc. billed $113,000 in 2025 audit fees before the audit committee selected DLEE after a competitive process, with no reported disagreements with YCM.
SemiLEDs Corporation received a Nasdaq notice on January 30, 2026 that its stockholders’ equity was below the $2.5 million minimum required by Nasdaq Listing Rule 5550(b)(1) for continued listing. The company submitted a plan that Nasdaq accepted, granting up to 180 calendar days from that date to evidence compliance.
SemiLEDs reported total stockholders’ equity of $3.1 million as of May 31, 2026 and believes it has regained compliance with the stockholders’ equity requirement. Nasdaq will continue to monitor compliance and indicated that if a future periodic report does not show compliance, the company may be subject to delisting.
SemiLEDs Corporation filed an amended current report to correct a clerical error where the box for a change in certifying accountant was inadvertently checked; no such event occurred and there is no disclosure under that item.
For the third quarter of fiscal 2026 ended May 31, 2026, revenue was $9.1 million, up from $1.1 million in the second quarter. GAAP net income attributable to stockholders was $1.5 million, or $0.18 per diluted share, compared with a net loss of $603 thousand, or $(0.07) per diluted share, in the prior quarter. GAAP gross margin improved to 27% from 1%, and operating margin moved to 16% from negative 79%.
Cash and cash equivalents were $6.0 million at May 31, 2026, compared with $4.0 million at the end of the second quarter. Total shareholders’ equity increased to $3.1 million from $1.5 million. Management attributes higher third-quarter revenue mainly to increased buy-sell purchase orders of equipment and anticipates more such orders in the fourth quarter of fiscal 2026.
SemiLEDs Corporation reported results for the three and nine months ended May 31, 2026. For the quarter, revenue was $9,074 thousand versus $17,651 thousand a year earlier, while net income rose to $1,523 thousand (basic and diluted EPS $0.18) from $223 thousand ($0.03 per share). Gross profit increased to $2,460 thousand, driven largely by buy-sell equipment transactions.
For the nine‑month period, revenue was $12,707 thousand compared with $29,784 thousand, and net income was $178 thousand versus $64 thousand. Operating cash flow improved to $3,761 thousand, lifting cash and cash equivalents to $5,978 thousand as of May 31, 2026. Management notes that prior operating losses and funding needs have raised substantial doubt about the company’s ability to continue as a going concern and outlines a liquidity plan focused on cost controls, higher‑margin products, and potential equity or debt financing. Results also reflect high reliance on buy‑sell equipment revenue and a very concentrated customer base.
SemiLEDs Corporation reported a sharp improvement for the third quarter of fiscal 2026, ended May 31, 2026. Revenue was $9.1 million, compared with $1.1 million in the second quarter. GAAP net income attributable to stockholders was $1.5 million, or $0.18 per diluted share, versus a net loss of $603 thousand, or $(0.07) per diluted share.
GAAP gross margin rose to 27% from 1%, and operating margin reached 16% after negative 79% in the prior quarter. Cash and cash equivalents increased to $6.0 million from $4.0 million. SemiLEDs develops LED chips and components for general and specialty lighting, and management attributed the higher revenue to increased buy-sell equipment orders, stating it anticipates more buy-sell purchase orders in the fourth quarter of fiscal 2026.
SemiLEDs Corporation reported a sharp downturn for the quarter ended February 28, 2026, with net revenues of $1.1 million versus $10.9 million a year earlier and a net loss of $0.6 million versus prior net income of $0.4 million. Six‑month revenue fell to $3.6 million from $12.1 million, producing a six‑month net loss of $1.3 million. Gross profit was minimal at $6 thousand for the quarter as cost of revenues nearly matched sales. Total assets were $16.3 million, with cash and cash equivalents rising to $4.0 million and total liabilities of $14.8 million. Shareholders’ equity declined to $1.5 million from $2.8 million at August 31, 2025. Management again disclosed substantial doubt about the company’s ability to continue as a going concern and outlined a liquidity plan focused on cost reductions, higher‑margin products, niche LED markets and potential equity or debt financing. Results are heavily influenced by buy‑sell equipment orders and high customer and geographic concentration.
SemiLEDs Corporation reported weak results for its second quarter of fiscal 2026, ended February 28, 2026. Revenue fell to $1.1 million from $2.6 million in the first quarter, mainly because there were no buy-sell equipment orders in the period.
The company posted a GAAP net loss attributable to stockholders of $603 thousand, or $(0.07) per diluted share, an improvement from a $742 thousand loss, or $(0.09) per share, in the prior quarter. GAAP gross margin stayed low at 1%, while operating margin worsened to about -79%, reflecting limited scale against fixed costs.
Cash and cash equivalents increased to $4.0 million as of February 28, 2026, up from $2.9 million at November 30, 2025, helping support operations despite ongoing losses. Management attributed the revenue decline to timing of equipment-related orders and stated it anticipates buy-sell purchase orders in the second half of fiscal 2026.
SemiLEDs Corporation reported that The Nasdaq Stock Market notified the company on January 30, 2026 that it no longer meets the continued listing requirement of at least $2,500,000 in stockholders’ equity under Listing Rule 5550(b)(1).
The company also does not meet Nasdaq’s alternative standards based on market value of listed securities or net income from continuing operations. SemiLEDs has 45 calendar days from January 30, 2026 to submit a plan to regain compliance, and Nasdaq may grant an extension of up to 180 calendar days from that date if the plan is accepted.
SemiLEDs Corporation reported new amendments to its secured loans with its chairman and CEO, Trung Doan, and major shareholder affiliate Simplot Taiwan Inc. The company has repeatedly extended these loans, originally entered into in 2019, and now pushed their maturity dates from January 15, 2026 to January 15, 2027 while keeping the 8% annual interest rate and other terms in place.
For the Simplot Taiwan Inc. loan, SemiLEDs capitalized unpaid interest of $364,924.63 into the principal balance, bringing the new principal to $664,924.63. Prior amendments also allow the company, upon mutual agreement, to repay portions of principal or interest to both Simplot Taiwan Inc. and Trung Doan by issuing common stock at the closing market price before the payment notice date, including up to $1,200,000 under the Simplot Taiwan Inc. agreement.