SemiLEDs Corporation (LEDS)

SemiLEDs Corporation (LEDS), a developer and producer of LED chips and LED components, recently declared its financial results for the 4th-Quarter and the Full-Year fiscal for year 2017, finished August 31, 2017.

Revenue for the 4th-Quarter of fiscal 2017 was $2.6M. A 22.0% Increase in comparison to $2.10M in the 3rd-Quarter of fiscal 2017. GAAP net loss attributable to SemiLEDs stockholders for the 4th-Quarter of fiscal 2017 was $0.70M, which is compared to a loss of $1.60M in the 3rd-Quarter of 2017. Or it can be a net loss of $0.190 per diluted share, compared to a net loss of $0.450 per diluted share for the 3rd-Quarter of fiscal 2017.

The SemiLEDs Corporation (LEDS), cash equivalents was $3.6M as of August 31, 2017, contrast to $3.10M at the end of the 3rd-Quarter of fiscal 2017. The net cash inflows in operating activities was $0.50M in the 4th-Quarter of fiscal 2017, contrast with net cash outflows $0.90M in the third quarter of fiscal 2017. GAAP gross margin for the fourth quarter of fiscal 2017 was 6.0%, contrast with gross margin for the third quarter of fiscal 2017 of negative 9.0%. Operating margin for the fourth quarter of fiscal 2017 was negative 31.0%, contrast with negative 61.0% in the third quarter of fiscal 2017.

We expect revenue for the first quarter ending November 30, 2017 to be $2.1M +/- 15.0%.

Revenue for the fiscal year 2017 was $9.20M, a 9% decrease contrast to $10.10M in the fiscal year 2016. GAAP net loss attributable to SemiLEDs stockholders for the fiscal year 2017 was $4.10M, contrast to a loss of $21.30M in the fiscal year 2016 or a net loss of $1.160 per diluted share, contrast to a net loss of $7.250 per diluted share for the fiscal year 2016.

The SemiLEDs Corporation (LEDS), cash equivalents was $3.60M as of August 31, 2017, contrast to $6.00M as of August 31, 2016. The net cash outflows in operating activities was $2.10M in the fiscal year 2017, contrast with net cash outflows $3.40M in the fiscal year 2016. GAAP gross margin for the fiscal year 2017 was 1.0%, contrast with gross margin for the fiscal year 2016 of negative 49.0%. Operating margin for the fiscal year 2017 was negative 47.0%, contrast with negative 203.0% in the fiscal year 2017.

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