How SemiLEDs Fared in Q4?

A man looks at a stock market chart in Irvine, Calif., on April 9, 2021. John Fredricks/The Epoch Times

SemiLEDs Corp. reported fourth-quarter FY21 revenue of $1.4 million, flat quarter-on-quarter.

Margins

The gross margin contracted 3,500 basis points to 11 percent Q/Q as costs surged 57.5 percent Q/Q.

The operating margin was negative (135) percent versus negative (41) percent previous quarter.

It held $4.8 million in cash and equivalents.

EPS loss was $(0.42).

SemiLEDs did not provide forecast revenues for Q1 at this time, citing the continuing uncertain impact of COVID-19 on the economy and the company.

Price Action

LEDS shares traded lower by 4.46 percent at $6.21 in the premarket session on the last check Friday.

By Anusuya Lahiri 

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.