Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

SemiLEDs Corp Reports Q3 Results

LED chips and components developer SemiLEDs Corp (NASDAQ:LEDS) reported that third-quarter FY21 revenue declined 12.5% year-on-year to $1.4 million. The gross margin expanded 1,900…
byAnusuya Lahiri
July 6, 2021
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • LED chips and components developer SemiLEDs Corp (NASDAQ:LEDS) reported that third-quarter FY21 revenue declined 12.5% year-on-year to $1.4 million.
  • The gross margin expanded 1,900 basis points to 46%.
  • The operating margin loss contracted 600 basis points to (41)%.
  • It held $1.7 million in cash and equivalents at May 31, 2021.
  • EPS loss was $(0.02).
  • SemiLEDs said it is unable to provide a revenue forecast for the fourth quarter at this time, citing the continuing uncertain impact of COVID-19 on the economy and the company.
  • Price action: LEDS shares traded higher by 5.89% at $16.89 in the premarket session on the last check Tuesday.
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Reported Late Monday, DigitalBridge Announces Formation Of Edge Data Center Platform In Asia And Acquisition Of A Stake In AIMS Group; The Transaction, Which Is Subject To Customary Closing Conditions, Is Expected To Close In 2023

By Benzinga Newsdesk
Today, 8:23 AM
Rapidly Growing Malaysia-Based Data Center Business to Anchor Regional Strategy in Partnership with TIME dotCom DigitalBridge Group, Inc. ("DigitalBridge") (NYSE:DBRG) today announced the acquisition of an

DBRG