News: LEDs
13 April 2022
SemiLEDs’ quarterly margins rise as revenue recovers
For its fiscal second-quarter 2022 (to end-February 2022), LED chip and component maker SemiLEDs Corp of Hsinchu, Taiwan has reported revenue of $2.18m, up 48% on $1.47m last quarter and 82% on $1.2m a year ago.
Gross margin rebounded from 14% last quarter to 24%, exceeding the 20% a year ago.
Operating expenses have been cut from $1,181,000 last quarter to $902,000, although this is still up on $748,000 a year ago.
Operating margin recovered somewhat from -67% last quarter to -17%, an improvement on -42% a year ago.
Net loss has been cut by two-thirds from $518,000 ($0.12 per diluted share) last quarter to $172,000 ($0.04 per diluted share), which is also better than the $255,000 ($0.06 per diluted share) a year ago.
During the quarter, cash and cash equivalents fell further, from $4.1m to $3.7m (although this is an improvement on $2.1m a year ago).
SemiLEDs says that, given the continuing uncertain impact of COVID-19 on the economy and the firm, it is unable to forecast revenue for fiscal third-quarter 2022 (to end-May) at this time.
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