SemiLEDs’ quarterly revenue rebounds, despite Chinese New Year shut-down

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For fiscal second-quarter 2021 (ended 28 February), LED chip and component maker SemiLEDs Corp of Hsinchu, Taiwan has reported revenue of $1.2m, rebounding from $719,000 last quarter, despite shutting down manufacturing production for two weeks (6-21 February) due to the Chinese New Year holiday. However, this is still down on $1.537m a year ago.

Gross margin was 20%, recovering from -3% last quarter but below the 36% a year ago. Operating expenses have fallen further, from $1.077m a year ago and $950,000 last quarter to $748,000. Operating margin was -42%, an improvement from -135% last quarter although still below the -26% a year ago.

Net loss was $255,000 ($0.06 per diluted share), rebounding from $697,000 ($0.17 per diluted share) last quarter but down on $348,000 ($0.08 per diluted share) a year ago. During the quarter, cash and cash equivalents fell from $2.7m to $2.1m.

“We are unable to forecast revenue for fiscal third-quarter 2021 (to end-May) at this time given the continuing uncertain impact of COVID-19 on the economy and the company,” cautions SemiLEDs.

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