SemiLEDs Q2 FY2022 revenue $2.2M, net loss narrows to $172K from $518K

SemiLEDs Corp

2022-Q2 EPS reported -$0.15 revenue$3,641,000

Revenue $2.2M, up from $1.5M in Q1; GAAP net loss $172K ($0.04/diluted share) vs $518K ($0.12) prior quarter.
GAAP gross margin improved to 24% vs 14%; operating margin improved to -17% vs -67%.
Cash and cash equivalents $3.7M at Feb 28, 2022, down from $4.1M at end of Q1.
No revenue guidance for Q3 ending May 31, 2022 due to COVID-19 uncertainty.

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