earnings
confidence high
sentiment negative
materiality 0.55
SemiLEDs Q2 FY2023 revenue falls to $1.2M; net loss widens to $541K
SemiLEDs Corp
2023-Q2 EPS reported
-$0.22
revenue$2,847,000
- Revenue $1.2M, down from $1.7M in Q1 FY2023; GAAP net loss $541K ($0.11/diluted share).
- GAAP gross margin declined to 23% from 27%; operating margin worsened to -61% from -39%.
- Cash and equivalents $3.9M at Feb. 28, 2023, down from $4.5M at end of prior quarter.
- Q3 FY2023 revenue guidance approximately $2.0M ± 10%.
- One-week production shutdown during Chinese New Year holiday contributed to results.