SemiLEDs Q1 FY2024 revenue $1.6M, net loss $598k; guides Q2 revenue ~$1.1M

SemiLEDs Corp

2024-Q1 EPS reported -$0.12 revenue$1,650,000

Revenue increased to $1.6M from $1.5M QoQ; GAAP net loss narrowed to $598k ($0.12) from $881k ($0.18).
GAAP gross margin improved to 15% from 3%; operating margin negative 50% vs negative 73%.
Cash and cash equivalents $2.3M at Nov 30, 2023, down from $2.6M end of Q4.
Expects Q2 FY2024 revenue approx $1.1M +/-10%; CNY closure Feb 3-18.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SemiLEDs Corp reported the first quarter ended November 30, 2023 results: revenue $1.6 million, net income $598 thousand, EPS $(0.12) per diluted share. Guidance initiated.

Period: the first quarter ended November 30, 2023
Revenue: $1.6 million
Net income: $598 thousand
EPS: $(0.12) per diluted share
Guidance: initiated
Result: preliminary results

Exact text from the filing

components, today announced its financial results for the first quarter of fiscal year 2024, ended November 30, 2023. Revenue for the first quarter of fiscal 2024 increased to $1.6 million, compared to $1.5 million in the fourth quarter of fiscal 2023. GAAP net loss attributable to SemiLEDs stockholders for the first quarter of fiscal 2024 decreased to $598

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Source: SEC EDGAR

accession 0000950170-24-004102

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