earnings
confidence high
sentiment neutral
materiality 0.50
SemiLEDs Q1 FY23 revenue $1.7M; net loss narrows to $512K from $1.1M QoQ
SemiLEDs Corp
2023-Q1 EPS reported
-$0.11
revenue$1,695,000
- Revenue $1.7M vs $1.6M Q4 FY22; GAAP net loss $512K ($0.11/diluted share) vs loss $1.1M ($0.25).
- GAAP gross margin improved to 27% from 21%; operating margin negative 39% vs negative 66%.
- Cash and equivalents $4.5M at Nov 30, 2022, up from $4.3M at end of FY2022.
- No Q2 FY23 revenue guidance provided due to COVID uncertainty; CNY closure Jan 20-29, 2023.