SemiLEDs Corp (LEDS): auditor change — SemiLEDs Q3 revenue $17.7M, net income $223k; auditor KCCW resigns, YCM hired

SemiLEDs Corp

Sequential revenue rose to $17.7M from $10.9M, but net income fell to $223k ($0.03 EPS) from $388k ($0.05 EPS).
GAAP gross margin dropped to 5% from 9%; operating margin turned negative (-0.4%) from positive 1%.
Cash and cash equivalents flat at $2.4M at May 31, 2025.
Auditor KCCW resigned July 10, 2025, citing exit from public audit practice; no disagreements reported. Audit committee engaged YCM CPA INC.

item 2.02 item 4.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

KCCW Accountancy Corp. resigned as auditor of SemiLEDs Corp.

Action: resignation
Auditor: KCCW Accountancy Corp.
Successor: YCM CPA INC.

Exact text from the filing

On July 10, 2025, KCCW Accountancy Corp. (“KCCW”) resigned as independent registered public accounting firm of SemiLEDs Corporation (the “Company”), as it is exiting the public company audit practice.

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

SemiLEDs Corp engaged YCM CPA INC. as its auditor.

Action: engagement
Auditor: YCM CPA INC.

Exact text from the filing

On July 10, 2025, the audit committee of the board of directors of the Company (the “Audit Committee”) engaged YCM CPA INC. (“YCM”) as the Company’s new independent registered public accounting firm, as described below.

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SemiLEDs Corp filing history →

Source: SEC EDGAR

accession 0000950170-25-095165

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