secwatch.observer — SEC 8-K summary
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Issuer:     SemiLEDs Corp (LEDS)
CIK:        0001333822
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0000950170-24-004102
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1333822/000095017024004102/0000950170-24-004102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1333822/000095017024004102/leds-20240112.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-004102

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