14 July 2023
SemiLEDs revenue rebounds from last quarter’s dip
For its fiscal third-quarter 2023 (to end-May), LED chip and component maker SemiLEDs Corp of Hsinchu, Taiwan has reported revenue rebounding to $1.679m, up on $1.152m last quarter and roughly level with the prior quarter’s $1.695m. However, this is still down on $1.784m a year ago.
Gross margin fell further, from 23% last quarter to 14%, down on 19% a year ago.
Operating expenses have risen from $0.964m to $1.222m, above the $1.11m a year ago. Despite this, operating margin rebounded slightly from –61% last quarter to –58%.
Net loss has risen further, from $541,000 ($0.11 per diluted share) to $756,000 ($0.15 per diluted share), although this is less than the $916,000 ($0.20 per diluted share) a year ago.
During the quarter, cash and cash equivalents fell further, from $3.859m to $3.041m.
For fiscal fourth-quarter 2023 (to end-August), SemiLEDs expects revenue to fall back, to $1.4m+/–10%.