secwatch.observer — SEC 8-K summary
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Issuer:     SemiLEDs Corp (LEDS)
CIK:        0001333822
Form:       8-K
Filed at:   2025-07-11T23:59:59+00:00
Accession:  0000950170-25-095165
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1333822/000095017025095165/0000950170-25-095165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1333822/000095017025095165/leds-20250711.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-095165

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