- SemiLEDs (LEDS, Financial) reported a revenue increase to $17.7 million in Q3 FY2025, up from $10.9 million in Q2.
- Net income decreased to $223 thousand, or $0.03 per share, down from $388 thousand, or $0.05 per share, in the previous quarter.
- Gross margin fell to 5% in Q3 FY2025, compared to 9% in Q2 FY2025.
SemiLEDs Corporation (LEDS), a developer and manufacturer of LED chips and components, has released its financial results for the third quarter of fiscal year 2025, ending May 31. The company's quarterly revenue rose significantly to $17.7 million, up from $10.9 million recorded in the second quarter.
Despite the revenue surge, SemiLEDs saw its GAAP net income decline to $223 thousand, or $0.03 per diluted share, compared to $388 thousand, or $0.05 per diluted share, in the prior quarter. The company's gross margin also decreased to 5%, from the 9% reported in the second quarter.
The operating margin turned negative at -0.4% in Q3 FY2025, in contrast to the positive 1% in the preceding quarter. Cash and cash equivalents remained stable at $2.4 million at the end of both the second and third quarters of fiscal year 2025.
SemiLEDs continues to focus on general and specialty lighting applications, providing a range of LED chips and components used in various sectors, including street lighting, industrial applications, and entertainment lighting.
The company remains cautious about the LED industry's recovery, acknowledging ongoing market challenges and opportunities. SemiLEDs management continues to strategize on leveraging market opportunities, with an eye on long-term growth and sustainability.
