18 April 2023
SemiLEDs’ quarterly revenue almost halves year-on-year
For fiscal second-quarter 2023 (ended 28 February), LED chip and component maker SemiLEDs Corp of Hsinchu, Taiwan has reported revenue of $1.152m, down on $1.695m last quarter and almost halving from $2.18m a year ago. However this includes shutting down manufacturing production in Chunan, China, for one week (20–29 January) due to the Chinese New Year holiday.
Gross margin fell back from 27% last quarter to 23%, below the 24% of a year ago.
Operating expenses have been cut from $1.117m last quarter to $0.964m. Despite this, operating margin deteriorated further, from –17% a year ago and –39% last quarter to –61%.
Net loss has rebounded slightly from $512,000 ($0.11 per diluted share) last quarter to $541,000 ($0.11 per diluted share), although this is still worse than $172,000 ($0.04 per diluted share) a year ago.
During the quarter, cash and cash equivalents fell from $4.5m to $3.9m, although this is still more than $3.7m a year ago.
For fiscal third-quarter 2023 (to end-May), SemiLEDs expects revenue to rebound to about $2m+/-10%.