News: LEDs
7 July 2021
SemiLEDs’ revenue grows 20% quarter-to-quarter
For fiscal third-quarter 2021 (ended 31 May), LED chip and component maker SemiLEDs Corp of Hsinchu, Taiwan has reported revenue of $1.44m, up 20% on $1.2m last quarter.
Gross margin has more than doubled from 20% last quarter to 46%. However, operating expenses have risen from $748,000 last quarter to $1.26m, due partly to R&D expenses almost doubling. Operating margin hence improved only slightly, from -42% to -41%.
Net loss has been cut from $255,000 ($0.06 per diluted share) last quarter to $64,000 ($0.02 per diluted share). During the quarter, cash and cash equivalents have fallen further, from $2.1m to $1.7m.
SemiLEDs says that, given the continuing uncertain impact of COVID-19 on the economy and the firm, it is unable to forecast revenue for fiscal fourth-quarter 2021 (to end-August) at this time.
SemiLEDs’ quarterly revenue rebounds, despite Chinese New Year shut-down
