SemiLEDs Q2 FY2024 revenue $886K, net loss $559K; revenue down 45% QoQ

SemiLEDs Corp

2024-Q2 EPS reported -$0.24 revenue$2,536,000

Revenue fell to $886K from $1.6M in Q1 FY2024; GAAP EPS loss $(0.11) vs. $(0.12) prior quarter.
GAAP gross margin 13% (down from 15%); operating margin -94%.
Cash and cash equivalents $1.6M at Feb 29, 2024, down from $2.3M at end of Q1.
Q3 FY2024 revenue guidance approximately $1.0M ±10%.
Company believes it now meets Nasdaq minimum equity requirement after prior deficiency notice and extension.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SemiLEDs Corp reported preliminary financial results for the second quarter of its fiscal year 2024, ended February 29, 2024.

Period: the second quarter of its fiscal year 2024, ended February 29, 2024
Result: preliminary results

Exact text from the filing

On April 3, 2024, SemiLEDs Corporation issued a press release announcing its preliminary financial results for the second quarter of its fiscal year 2024, ended February 29, 2024.

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Source: SEC EDGAR

accession 0000950170-24-040657

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