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SemiLEDs Reports 3Q Fiscal Year Results

SemiLEDs Reports 3Q Fiscal Year Results

HSINCHU, TaiwanSemiLEDs Corporation (NASDAQ: LEDS), “SemiLEDs” or the “Company,” a developer and manufacturer of LED chips and LED components, today announced its financial results for the third quarter of fiscal year 2022, ended May 31, 2022.

Revenue for the third quarter of fiscal 2022 decreased to $1.8 million, compared to $2.2 million in the second quarter of fiscal 2022. GAAP net loss attributable to SemiLEDs stockholders for the third quarter of fiscal 2022 increased to $916 thousand, or $(0.20) per diluted share, compared to a net loss of $172 thousand, or $(0.04) per diluted share, in the second quarter of fiscal 2022.

GAAP gross margin for the third quarter of fiscal 2022 decreased to 19%, compared to 24% for the second quarter of fiscal 2022. Operating margin for the third quarter of fiscal 2022 decreased to negative 43%, compared with negative 17% for the second quarter of fiscal 2022. The Company’s cash and cash equivalents were $3.0 million at May 31, 2022, compared to $3.7 million at the end of the second quarter of fiscal 2022.

We are unable to forecast revenue for the fourth quarter ending August 31, 2022 at this time given the continuing uncertain impact of COVID-19 on the economy and the Company.

See the full financial report here.

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