AGÕæÈ˹ٷ½

STOCK TITAN

SemiLEDs Reports First Quarter Fiscal Year 2025 Financial Results

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Negative)
Tags

HSINCHU, Taiwan--(BUSINESS WIRE)-- SemiLEDs Corporation (NASDAQ: LEDS), “SemiLEDs� or the “Company,� a developer and manufacturer of LED chips and LED components, today announced its financial results for the first quarter of fiscal year 2025, ended November 30, 2024.

Revenue for the first quarter of fiscal 2025 was $1.3 million, compared to $1.3 million in the fourth quarter of fiscal 2024. GAAP net loss attributable to SemiLEDs stockholders for the first quarter of fiscal 2025 decreased to $547 thousand, or $(0.08) per diluted share, compared to a net loss of $560 thousand, or $(0.08) per diluted share, in the fourth quarter of fiscal 2024.

GAAP gross margin for the first quarter of fiscal 2025 increased to 21%, compared to 12% for the fourth quarter of fiscal 2024. Operating margin for the first quarter of fiscal 2025 was negative 52%, compared with negative 62% for the fourth quarter of fiscal 2024. The Company’s cash and cash equivalents were $1.2 million at November 30, 2024, compared to $1.7 million at the end of the fourth quarter of fiscal 2024.

About SemiLEDs

SemiLEDs develops and manufactures LED chips and LED components for general lighting applications, including street lights and commercial, industrial, system and residential lighting, along with specialty industrial applications such as ultraviolet (UV) curing, medical/cosmetic, counterfeit detection, horticulture, architectural lighting and entertainment lighting. SemiLEDs sells blue, white, green and UV LED chips.

Forward Looking Statements

This press release contains statements that may constitute “forward-looking� statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, revenue expectations for the second quarter ending February 28, 2025, the expedited timing of the recognition of revenue relating to the buy-sell purchase orders and estimated costs of revenue related thereto, any statements about historical results that may suggest trends for SemiLEDs� business; any statements of the plans, strategies and objectives of management for future operations; any statements of expectation or belief regarding recovery of the LED industry, market opportunities and other future events or technology developments; any statements regarding SemiLEDs� position to capitalize on any market opportunities; and any statements of assumptions underlying any of the foregoing. These forward-looking statements are based on current expectations, estimates, forecasts and projections of future SemiLEDs� or industry performance based on management’s judgment, beliefs, current trends and market conditions and involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. SemiLEDs� Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC�) and other SemiLEDs filings with the SEC (which you may obtain for free at the SEC’s website at ) discuss some of the important risks and other factors that may affect SemiLEDs� business, results of operations and financial condition. SemiLEDs undertakes no intent or obligation to publicly update or revise any of these forward looking statements, whether as a result of new information, future events or otherwise, except as required by law.

SEMILEDS CORPORATION AND SUBSIDIARIES

Unaudited Condensed Consolidated Balance Sheets

(In thousands of U.S. dollars)

Ìý

Ìý

November 30,

August 31,

Ìý

2024

2024

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

1,248

Ìý

$

1,671

Ìý

Restricted cash and cash equivalents

Ìý

77

Ìý

Ìý

78

Ìý

Accounts receivable (including related parties), net

Ìý

261

Ìý

Ìý

416

Ìý

Inventories, net

Ìý

3,722

Ìý

Ìý

3,574

Ìý

Prepaid expenses and other current assets

Ìý

185

Ìý

Ìý

223

Ìý

Total current assets

Ìý

5,493

Ìý

Ìý

5,962

Ìý

Property, plant and equipment, net

Ìý

2,609

Ìý

Ìý

2,798

Ìý

Operating lease right of use assets

Ìý

1,041

Ìý

Ìý

1,091

Ìý

Intangible assets, net

Ìý

85

Ìý

Ìý

90

Ìý

Investments in unconsolidated entities

Ìý

949

Ìý

Ìý

969

Ìý

Other assets

Ìý

223

Ìý

Ìý

228

Ìý

TOTAL ASSETS

$

10,400

Ìý

$

11,138

Ìý

LIABILITIES AND EQUITY

CURRENT LIABILITIES:

Current installments of long-term debt

$

2,847

Ìý

$

2,854

Ìý

Accounts payable

Ìý

340

Ìý

Ìý

137

Ìý

Accrued expenses and other current liabilities

Ìý

2,799

Ìý

Ìý

2,936

Ìý

Other payable to related parties

Ìý

1,049

Ìý

Ìý

1,001

Ìý

Operating lease liabilities, current portion

Ìý

76

Ìý

Ìý

94

Ìý

Total current liabilities

Ìý

7,111

Ìý

Ìý

7,022

Ìý

Long-term debt, excluding current installments

Ìý

744

Ìý

Ìý

870

Ìý

Operating lease liabilities, less current portion

Ìý

965

Ìý

Ìý

997

Ìý

Total liabilities

Ìý

8,820

Ìý

Ìý

8,889

Ìý

Commitments and contingencies

EQUITY:

SemiLEDs stockholders� equity

Common stock

Ìý

�

Ìý

Ìý

�

Ìý

Additional paid-in capital

Ìý

187,277

Ìý

Ìý

187,337

Ìý

Accumulated other comprehensive income

Ìý

3,531

Ìý

Ìý

3,545

Ìý

Accumulated deficit

Ìý

(189,228

)

Ìý

(188,681

)

Total SemiLEDs stockholders� equity

Ìý

1,580

Ìý

Ìý

2,201

Ìý

Noncontrolling interests

Ìý

�

Ìý

Ìý

48

Ìý

Total equity

Ìý

1,580

Ìý

Ìý

2,249

Ìý

TOTAL LIABILITIES AND EQUITY

$

10,400

Ìý

$

11,138

Ìý

Ìý

SEMILEDS CORPORATION AND SUBSIDIARIES

Unaudited Condensed Consolidated Statements of Operations

(In thousands of U.S. dollars and shares, except per share data)

Ìý

Ìý

Three Months Ended

Ìý

November 30, 2024

August 31, 2024

Revenues, net

$

1,261

Ìý

$

1,324

Ìý

Cost of revenues

Ìý

1,001

Ìý

Ìý

1,171

Ìý

Gross profit

Ìý

260

Ìý

Ìý

153

Ìý

Operating expenses:

Research and development

Ìý

221

Ìý

Ìý

217

Ìý

Selling, general and administrative

Ìý

696

Ìý

Ìý

760

Ìý

Gain on disposals of long-lived assets

Ìý

�

Ìý

Ìý

1

Ìý

Total operating expenses

Ìý

917

Ìý

Ìý

978

Ìý

Loss from operations

Ìý

(657

)

Ìý

(825

)

Other income (expenses):

Investment loss from unconsolidated entities

Ìý

(3

)

Ìý

(3

)

Interest expenses, net

Ìý

(67

)

Ìý

(36

)

Other income, net

Ìý

282

Ìý

Ìý

268

Ìý

Foreign currency transaction (loss) gain , net

Ìý

(102

)

Ìý

34

Ìý

Total other income, net

Ìý

110

Ìý

Ìý

263

Ìý

Loss before income taxes

Ìý

(547

)

Ìý

(562

)

Income tax expense

�

Ìý

�

Ìý

Net loss

Ìý

(547

)

Ìý

(562

)

Less: Net income (loss) attributable to noncontrolling interests

Ìý

�

Ìý

Ìý

(2

)

Net loss attributable to SemiLEDs stockholders

$

(547

)

$

(560

)

Net loss per share attributable to SemiLEDs stockholders:

Basic and diluted

$

(0.08

)

$

(0.08

)

Shares used in computing net loss per share attributable
to SemiLEDs stockholders:

Basic and diluted

Ìý

7,212

Ìý

Ìý

7,203

Ìý

Ìý

Christopher Lee

Chief Financial Officer

SemiLEDs Corporation

+886-37-586788

[email protected]

Source: SemiLEDs Corporation

Semileds Corp

NASDAQ:LEDS

LEDS Rankings

LEDS Latest News

LEDS Latest SEC Filings

LEDS Stock Data

18.39M
2.38M
66.98%
1.88%
1.43%
Semiconductors
Semiconductors & Related Devices
Taiwan
CHU-NAN