secwatch.observer — SEC 8-K summary
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Issuer:     SemiLEDs Corp (LEDS)
CIK:        0001333822
Form:       8-K
Filed at:   2023-04-12T23:59:59+00:00
Accession:  0000950170-23-012485
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SemiLEDs Q2 FY2023 revenue falls to $1.2M; net loss widens to $541K
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1333822/000095017023012485/0000950170-23-012485-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1333822/000095017023012485/leds-20230412.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-012485

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