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Stock impact report

SemiLEDs Reports Second Quarter Fiscal Year 2019 Financial Results

SemiLEDS Corporation (LEDS) 
US:NASDAQ Investor Relations: investors.semileds.com
Company Research Source: GlobeNewswire
HSINCHU, Taiwan, April 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 second quarter of fiscal year 2019, ended February 28, 2019. Revenue for the second quarter of fiscal 2019 was $1.6 million, a 68% increase compared to $972 thousand in the first quarter of fiscal 2019. GAAP net loss attributable to SemiLEDs stockholders for the second quarter of fiscal 2019 was $847 thousand, compared to a loss of $978 thousand in the first quarter of fiscal 2019, or a net loss of $0.24 per diluted share, compared to a net loss of $0.27 per diluted share for the first quarter of fiscal 2019. In the second quarter, we shut down our manufacturing production for two weeks due to the Chinese New Year holiday. GAAP gross margin for the second quarter of fiscal 2019 was break even, compared with gross margin for the first quarter of fiscal 2019 of Show less Read more
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