---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-095165"
form_type: "8-K"
ticker: "LEDS"
cik: "0001333822"
company_name: "SemiLEDs Corp"
filed_at: "2025-07-11T23:59:59+00:00"
generated_at: "2026-05-18T06:53:32.952051+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SemiLEDs Q3 revenue $17.7M, net income $223k; auditor KCCW resigns, YCM hired

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-095165
- form_type: 8-K
- ticker: LEDS
- cik: 0001333822
- company_name: SemiLEDs Corp
- filed_at: 2025-07-11T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1333822/000095017025095165/0000950170-25-095165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1333822/000095017025095165/leds-20250711.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-095165
- JSON: https://secwatch.observer/filing/0000950170-25-095165.json
- Plain text: https://secwatch.observer/filing/0000950170-25-095165.txt

## Source-grounded claims
- claim_id: 0abca66aef74d0fe808302bdeef8cc9321f301d7
  claim: KCCW Accountancy Corp. resigned as auditor of SemiLEDs Corp.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1333822/000095017025095165/0000950170-25-095165-index.htm
- claim_id: d96d4be5911e0e67d19e11fd6d5d25990e2031f3
  claim: SemiLEDs Corp engaged YCM CPA INC. as its auditor.
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1333822/000095017025095165/0000950170-25-095165-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.