Every 10-Q that SemiLEDS Corporation (LEDS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LEDS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LEDS filings page.
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 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 another quarterly loss and remains under a going concern warning. For the quarter ended November 30, 2025, net revenues were $2.6 million, up from $1.3 million a year earlier, helped by $1.3 million of buy-sell equipment orders. However, higher costs reduced gross profit to just $18 thousand, down from $260 thousand, and the company posted a net loss of $742 thousand, or $0.09 per share, compared with a $547 thousand loss, or $0.08 per share, in the prior-year quarter.
Cash and cash equivalents were $2.9 million as of November 30, 2025, up from $2.6 million at August 31, 2025, with positive operating cash flow of $361 thousand in the quarter. Total assets were $14.2 million and shareholders’ equity was $2.1 million. Management acknowledges substantial doubt about the company’s ability to continue as a going concern due to recurring losses and past cash flow pressure, and outlines a liquidity plan focused on cost reductions, higher-margin products, continued buy-sell equipment activity, and potential equity or debt financing.
SemiLEDs Corporation (NASDAQ: LEDS) reported a sharp upswing in top-line results for the quarter ended 31 May 2025. Net revenue grew to $17.7 million, more than twelve times the $1.3 million posted in the prior-year quarter, driven almost entirely by buy-sell purchase orders of equipment that accounted for 94 % of sales. Cost of revenue rose proportionally, compressing gross margin to 5.3 % (vs. 41 % a year ago) and leaving gross profit at $0.9 million.
Operating expenses were kept largely flat at $1.0 million, resulting in an operating loss of $0.06 million. Other income—mainly foreign-exchange gains and miscellaneous income of $0.29 million—pushed the company to a net profit of $0.22 million, or $0.03 per basic and diluted share, versus a loss of $0.32 million (-$0.04/share) in the comparable period.
Nine-month figures show revenue of $29.8 million (2024: $3.9 million) and net income of $0.06 million compared with a loss of $1.47 million last year, reflecting similar buy-sell dynamics. Operating cash flow turned positive at $1.94 million, helped by a $7.5 million rise in accounts payable that effectively financed an $8.3 million inventory build.
Balance sheet: Total assets doubled to $23.2 million, while total liabilities reached $19.2 million. Current assets and current liabilities were nearly equal ($17.7 million vs. $17.6 million), giving a current ratio of 1.0. Cash and restricted cash improved to $2.62 million but remain modest. Long-term and related-party debt fell to $0.8 million after debt-for-equity swaps totalling $1.6 million; shares outstanding increased to 8.22 million from 7.21 million.
The filing still cites substantial doubt about the company’s ability to continue as a going concern, noting prior-year operating losses and dependence on equipment resale orders and niche LED markets. Management’s liquidity plan centres on additional buy-sell transactions, higher-margin UV/module products, strict cost control and potential capital raises.
Key concentration risks: Top ten customers provided 99 % of revenue; one customer represented 94 % in the quarter. Geographic exposure is concentrated in India, Japan, the Netherlands and the United States (98 % of sales).