News: LEDs
2 December 2024
SemiLEDs’ revenue falls by 13.3% for full fiscal year, but stabilized in Q4
For its fiscal full-year (to end-August), LED chip and component maker SemiLEDs Corp of Hsinchu, Taiwan says that its revenue fell by 13.3% from $5.979m for 2023 to $5.183m for 2024. However, although fiscal fourth-quarter revenue was down on $1.453m in Q4/2023 to $1.324m in Q4/2024, this is level with third-quarter 2024.
Gross margin fell from 41% last quarter to 12% in fiscal Q4/2024, although this is still up on just 3% a year ago. Full-year gross margin hence still rose from 17% in fiscal 2023 to 20% in fiscal 2024.
Quarterly operating margin worsened from –36% in fiscal Q3/2024 to –62% in fiscal Q4/2024, but this is still better than –73% a year ago. Full-year operating margin was therefore –57% for fiscal 2024, level with fiscal 2023.
Net loss for fiscal Q4/2024 was $560,000 ($0.08 per diluted share), up from $319,000 ($0.04 per diluted share) last quarter but cut from $881,000 ($0.18 per diluted share) a year ago. Full-year net loss has therefore been cut from $2.69m ($0.55 per diluted share) in fiscal 2023 to $2.036m ($0.32 per diluted share) for fiscal 2024.
Cash and cash equivalents have fallen from $2.572m a year ago, but was level at about $1.67m between the end of fiscal Q3/2023 and the end of fiscal Q4/2024.
SemiLEDs revenue halves quarter-to-quarter
