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Stock impact report

SemiLEDs Reports Second Quarter Fiscal Year 2020 Financial Results

SemiLEDS Corporation (LEDS) 
US:NASDAQ Investor Relations: investors.semileds.com
Company Research Source: GlobeNewswire
HSINCHU, April 09, 2020 (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 2020, ended February 29, 2020. Revenue for the second quarter of fiscal 2020 was $1.5 million, a 2% decrease compared to $1.6million in the first quarter of fiscal 2020. GAAP net gain attributable to SemiLEDs stockholders for the second quarter of fiscal 2020 was $348 thousand, compared to a loss of $317 thousand in the first quarter of fiscal 2020, or a net profit of $0.08 per diluted share, compared to a net loss of $0.09 per diluted share for the first quarter of fiscal 2020. 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 2020 was 36%, compared with gross margin for the first quarter of fiscal 2020 of 33%. Operating Show less Read more
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