LEDS Research | Milton Maxwell

LEDS

SemiLEDs Corporation

1.7600

+0.0700+4.14%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

14.48M

P/E (TTM)

Basic EPS (TTM)

-0.15

Dividend Yield

Recent Filings

8-K

Nasdaq delisting warning issued

2/3/26Feb 3, 2026

SemiLEDs received a Nasdaq delisting notice on January 30, 2026, for failing the $2.5M minimum stockholders' equity rule under Listing Rule 5550(b)(1), missing alternatives like market value or net income too. It has 45 days to submit a compliance plan; acceptance grants 180-day extension. Nasdaq compliance slips further.

8-K

Extends key loans to 2027

1/16/26Jan 16, 2026

SemiLEDs extended its secured loans from CEO Trung Doan and Simplot Taiwan Inc. to January 15, 2027, capitalizing $364,924.63 unpaid interest into Simplot's principal for a new balance of $664,924.63. Both loans, originally from 2019 with 8% interest and secured by headquarters, now allow stock repayment options. Debt rolls on.

8-K

Revenue plunges to $2.6M

1/14/26Jan 14, 2026

SemiLEDs reported Q1 FY2026 revenue of $2.6M, plunging from $13.2M last quarter amid weak demand. GAAP net loss narrowed to $742K ($0.09/share) from $1.2M, with gross margin at 1% and cash at $2.9M. Revenue collapsed. Operating loss widened to -39%.

10-Q

Q1 FY2026 results

1/14/26Jan 14, 2026

SemiLEDs doubled revenues to $2.6M for Q1 FY2026 ended November 30, 2025, up 104% y/y from $1.3M, fueled by $1.8M in buy-sell equipment orders (71% of total) while LED components grew 23% y/y to $692K. Gross margin cratered to 1% from 21% y/y as low-margin buy-sell deals dominated, driving operating loss wider to $1.0M (up 54% y/y) and net loss to $742K or $(0.09) per diluted share on 8.226M shares—consistent with reported figures. Cash jumped to $2.9M (up q/q from $2.6M), with operating cash flow at $361K; total debt sits at $1.6M including related-party loans at 8% maturing January 2026. Buy-sell revenue volatility risks shipment delays.

10-K

FY2025 results

11/28/25Nov 28, 2025

SemiLEDs posted FY2025 revenue of $43M, up 730% y/y, driven by $41M in low-margin buy-sell equipment orders that comprised 94% of sales but dragged gross margin to 6% from 20%. Core LED components fell 22% y/y to $2.1M while lighting ticked up 8%, underscoring persistent weakness in legacy lines. Q4 buy-sell deals fueled sequential cash flow positivity at $2.2M operating cash, yet net loss narrowed just 44% to $1.1M amid $958K unconsolidated entity losses. Debt shrank to $1.7M via equity swaps, leaving $2.6M cash. Customer concentration hit 94% in top three. Heavy reliance on volatile buy-sell orders risks quarterly swings.

About

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips, components, and modules and systems in the United States, Taiwan, the Netherlands, Japan, and internationally. The company also sells enhanced vertical, LED product series in blue, white, green, and UV; LED chips to packagers or distributors; and lighting products primarily to original design manufacturers of lighting products and the end-users of lighting devices, as well as packs and sells its LED chips. Its products are used for general lighting applications, including commercial, industrial, and residential lighting; and specialty industrial applications, such as ultraviolet curing of polymers, LED light therapy in medical/cosmetic applications, counterfeit detection, germicidal and viricidal devices LED lighting for horticulture applications, architectural lighting, and entertainment lighting. The company was incorporated in 2005 and is based in Chu-Nan, Taiwan.

CEO

Mr. Trung Tri Doan

IPO

12/9/2010

Website

https://www.semileds.com

Employees

116

Sector

Technology

Industry

Semiconductors