secwatch.observer — SEC 8-K summary
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Issuer:     SemiLEDs Corp (LEDS)
CIK:        0001333822
Form:       8-K
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0000950170-24-040657
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1333822/000095017024040657/0000950170-24-040657-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1333822/000095017024040657/leds-20240403.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-040657

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