SemiLEDs Releases Financial Results for Fourth Quarter and Fiscal Year 2024

SemiLEDs Corporation (NASDAQ: LEDS) reported fourth-quarter and full-year financial results for the fiscal year ending August 31, 2024. Revenue for the fourth quarter remained stable at $1.3 million, while the net loss attributable to stockholders widened to $560,000, or $(0.08) per diluted share, compared to a loss of $319,000 in the previous quarter. The company’s gross margin fell sharply to 12% from 41%. For the entire fiscal year, SemiLEDs recorded a revenue decline to $5.2 million, down from $6.0 million in 2023, and posted a reduced annual net loss of $2.0 million, or $(0.32) per diluted share, compared to a $2.7 million loss the previous year. As of August 31, 2024, the company maintained cash and cash equivalents of $1.7 million, unchanged from the previous quarter but lower than $2.6 million a year earlier. Despite the losses, SemiLEDs continues to focus on manufacturing LED chips and components for various lighting applications.

SemiLEDs Releases Financial Results for Fourth Quarter and Fiscal Year 2024

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