SemiLEDs Corporation (LEDS), a developer and producer of LED chips and LED components, recently declared its financial results for the fourth quarter and full year of fiscal year 2017, finished August 31, 2017.
Revenue for the fourth quarter of fiscal 2017 was $2.6M, a 22.0% increase contrast to $2.10M in the third quarter of fiscal 2017. GAAP net loss attributable to SemiLEDs stockholders for the fourth quarter of fiscal 2017 was $0.70M, contrast to a loss of $1.60M in the third quarter of 2017, or a net loss of $0.190 per diluted share, contrast to a net loss of $0.450 per diluted share for the third quarter of fiscal 2017.
The Company’s cash and cash equivalents was $3.6M as of August 31, 2017, contrast to $3.10M at the end of the third quarter of fiscal 2017. The net cash inflows in operating activities was $0.50M in the fourth quarter of fiscal 2017, contrast with net cash outflows $0.90M in the third quarter of fiscal 2017. GAAP gross margin for the fourth quarter of fiscal 2017 was 6.0%, contrast with gross margin for the third quarter of fiscal 2017 of negative 9.0%. Operating margin for the fourth quarter of fiscal 2017 was negative 31.0%, contrast with negative 61.0% in the third quarter of fiscal 2017.
We expect revenue for the first quarter ending November 30, 2017 to be $2.1M +/- 15.0%.
Revenue for the fiscal year 2017 was $9.20M, a 9% decrease contrast to $10.10M in the fiscal year 2016. GAAP net loss attributable to SemiLEDs stockholders for the fiscal year 2017 was $4.10M, contrast to a loss of $21.30M in the fiscal year 2016 or a net loss of $1.160 per diluted share, contrast to a net loss of $7.250 per diluted share for the fiscal year 2016.
The Company’s cash and cash equivalents was $3.60M as of August 31, 2017, contrast to $6.00M as of August 31, 2016. The net cash outflows in operating activities was $2.10M in the fiscal year 2017, contrast with net cash outflows $3.40M in the fiscal year 2016. GAAP gross margin for the fiscal year 2017 was 1.0%, contrast with gross margin for the fiscal year 2016 of negative 49.0%. Operating margin for the fiscal year 2017 was negative 47.0%, contrast with negative 203.0% in the fiscal year 2017.
