SemiLEDS (LEDS) Reports Q3 Loss of $0.09

SemiLEDS (NASDAQ: LEDS) reported Q3 EPS of ($0.09).

• Revenue for the third quarter of fiscal 2018 was $2.0 million, a 30% increase compared to $1.5 million in the second quarter of fiscal 2018.
• GAAP net loss for the third quarter of fiscal 2018 was $326 thousand, compared to a loss of $1.1 million in the second quarter of fiscal 2018, or a net loss of $0.09 per diluted share, compared to a net loss of $0.32 per diluted share for the second quarter of fiscal 2018.
• GAAP gross margin for the third quarter of fiscal 2018 was 8%, compared with gross margin for the second quarter of fiscal 2018 of negative 29%.
• Operating margin for the third quarter of fiscal 2018 was negative 18%, compared with negative 80% in the second quarter of fiscal 2018.
• The Company’s cash and cash equivalents was $3.7 million at May 31, 2018, compared to $3.9 million at the end of the second quarter of fiscal 2018.
• For earnings history and earnings-related data on SemiLEDS (LEDS) click here.

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