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Benzinga
Benzinga
Business
Anusuya Lahiri

SemiLEDs Registers 49% Sequential Revenue Growth In Q2

Nasdaq
  • SemiLEDs Corp (NASDAQ:LEDS) reported second-quarter FY22 revenue growth of 48.5% quarter-on-quarter to $2.2 million.
  • The developer and manufacturer of LED chips and components' gross margin expanded 1,000 bps Q/Q to 24%.
  • The operating margin loss improved to (17)% from (67)% in 1Q22.
  • EPS loss improved to $(0.04) from $(0.12) in 1Q22.
  • SemiLEDs held $3.7 million in cash and equivalents.
  • SemiLEDs refrained from giving a forecast for Q3 citing COVID-19 related uncertainties.
  • Price Action: LEDS shares traded higher by 4.62% at $3.40 in the premarket on the last check Thursday.
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