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0.0252365930599369 -0.0977917981072554 -0.116719242902208 -0.17981072555205 -0.116719242902208 -0.154574132492113 -0.211356466876972 -0.201892744479495
Stock impact report

SemiLEDs Reports First Quarter Fiscal Year 2019 Financial Results

SemiLEDS Corporation (LEDS) 
US:NASDAQ Investor Relations: investors.semileds.com
Company Research Source: GlobeNewswire
HSINCHU, Taiwan, Jan. 10, 2019 (GLOBE NEWSWIRE) -- SemiLEDs Corporation (NASDAQ: LEDS), “SemiLEDs” or the “Company,” a developer and manufacturer of LED chips and LED components, today announced its financial results for the first quarter of fiscal year 2019, ended November 30, 2018. Revenue for the first quarter of fiscal 2019 was $972 thousand, a 50% decrease compared to $2.0 million in the fourth quarter of fiscal 2018. GAAP net loss for the first quarter of fiscal 2019 was $983 thousand, compared to a loss of $1.1 million in the fourth quarter of fiscal 2018, or a net loss of $0.27 per diluted share, compared to a net loss of $0.32 per diluted share for the fourth quarter of fiscal 2018. Due to the excess capacity charges that we have experienced for the last few years, considering the risk of technological obsolescence and based on the sales forecast production, we disposed of certain of our idle equipment during the first quarter of fiscal 2019, which reduced our net loss. G Show less Read more
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