Wed, Nov 27, 11:13 AM (224 days ago)
**SemiLEDs Corporation (LEDS) 10-K Summary** For the fiscal year ending August 31, 2024, SemiLEDs Corporation reported revenues of $5,183,000, down 13% from $5,979,000 in 2023. The decrease in revenue was primarily due to a drop in sales of LED components, which accounted for 51% of total revenues. The company incurred a net loss of $2,036,000, an improvement from the $2,690,000 loss in the prior year. Operating expenses decreased to $4,002,000 from $4,411,000, with R&D costs at $1,160,000. The firm continues to face challenges, including high customer concentration, with top customers accounting for 91% of revenues, and reliance on a limited number of suppliers. Future growth hinges on the adoption of UV LED products and expansion into niche markets. As of August 31, 2024, the company had cash and cash equivalents of $1,671,000, down from $2,572,000 in 2023, raising concerns about liquidity. Key risks include ongoing losses, reliance on contract manufacturing, and fluctuating average selling prices. SemiLEDs' strategic focus is on enhancing product offerings and managing costs to improve financial stability.