secwatch.observer — SEC 8-K summary
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Issuer:     SemiLEDs Corp (LEDS)
CIK:        0001333822
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0000950170-23-062403
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SemiLEDs Q4 FY2023 revenue drops to $1.5M, net loss widens to $881K
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- Q4 revenue $1.5M vs $1.7M Q3; FY2023 revenue $6.0M vs $7.1M FY2022.
- Q4 GAAP net loss $881K ($0.18/share) vs $756K ($0.15/share) Q3; FY loss $2.7M ($0.55/share).
- Q4 gross margin 3% (down from 14% Q3); FY gross margin 17% (down from 20% FY2022).
- Cash & equivalents $2.6M at Aug 31, 2023, vs $3.0M at end of Q3 and $4.3M a year ago.
- Q1 FY2024 revenue guidance approx $1.5M +/- 10%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1333822/000095017023062403/0000950170-23-062403-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1333822/000095017023062403/leds-20231110.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-062403

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer