SemiLEDs Corp SEC 10-Q Report
SemiLEDs Corp, a leading provider of LED chips and components, has released its Form 10-Q report for the third quarter of fiscal year 2025. The report highlights significant financial and operational metrics, reflecting the company's performance in a highly competitive and rapidly evolving market.
Financial Highlights
Total Revenues, net: $17.7 million, driven by a significant increase in sales from buy-sell purchase orders of equipment.
Gross Profit: $0.9 million, representing 5% of total revenues, primarily due to lower margins from buy-sell purchase orders of equipment.
Loss from operations: $(62) thousand, reflecting a decrease in operating expenses and an increase in other income.
Net Income: $223 thousand, compared to a net loss of $(316) thousand in the prior year period, due to increased revenues and other income.
Net Income (Loss) Per Share attributable to SemiLEDs stockholders - Basic and Diluted: $0.03, compared to $(0.04) in the prior year period, reflecting improved profitability.
Business Highlights
Revenue Segments: The company's revenue for the three months ended May 31, 2025, was primarily driven by 'Other revenues,' which accounted for 98% of total revenues. This significant increase was due to buy-sell purchase orders of equipment.
Product Line Performance: Sales of LED components decreased by 31% compared to the same period last year, reflecting a reduction in volumes sold. LED chips and lighting products also saw declines in sales.
Geographical Performance: The company's revenues are concentrated in a few select markets, including India, Japan, the Netherlands, and the United States, which collectively accounted for 98% of net revenues for the reporting period.
Sales Units: The company experienced a decrease in the sales volumes of LED components and lighting products, contributing to the overall decline in these segments.
Future Outlook: The company anticipates more buy-sell purchase orders in the fourth quarter of fiscal 2025, which may lead to significant variations in revenue, cost of revenues, receivables, inventories, and customer deposits.
Operational Strategy: The company is focusing on niche markets and product enhancement, particularly in UV LED products, to improve future gross margins and operating results.
Cost Management: The company is implementing cost reduction programs and restructuring plans to improve liquidity and operational efficiency.
Market Conditions: The LED market is characterized by rapid technological change and intense competition, which impacts pricing and demand for the company's products.
SEC Filing: SemiLEDs Corp [ LEDS ] - 10-Q - Jul. 14, 2025