SemiLEDs Corp Files 10-Q for Period Ending November 30, 2023

TL;DR

<b>SemiLEDs Corp has filed its quarterly report (10-Q) for the period ending November 30, 2023, detailing its financial position and operational data.</b>

AI Summary

SemiLEDs Corp (LEDS) filed a Quarterly Report (10-Q) with the SEC on January 12, 2024. SemiLEDs Corp filed a 10-Q report for the period ending November 30, 2023. The filing includes data related to common stock, retained earnings, and additional paid-in capital as of November 30, 2023. Key dates mentioned include November 30, 2023, for financial reporting and August 31, 2023, for fiscal year end. The company's business address is in Hsinchu Science Park, Miaoli County, Taiwan. Related party members and customer concentration risk are noted in the filing.

Why It Matters

For investors and stakeholders tracking SemiLEDs Corp, this filing contains several important signals. This 10-Q filing provides investors and analysts with the latest financial snapshot of SemiLEDs Corp, crucial for understanding its performance and financial health in the semiconductor industry. The report highlights key financial elements like retained earnings and capital accounts, offering insights into the company's financial structure and historical profitability.

Risk Assessment

Risk Level: — SemiLEDs Corp shows moderate risk based on this filing. The company's business address in Taiwan and references to customer concentration risk suggest potential geographical and market-specific vulnerabilities that could impact operations and revenue.

Analyst Insight

Monitor SemiLEDs Corp's subsequent filings for updates on financial performance, customer relationships, and any strategic shifts in response to market conditions.

Key Numbers

• 2023-11-30 — Period End Date (Reporting period for the 10-Q)
• 2023-08-31 — Fiscal Year End (Company's fiscal year end)

Key Players & Entities

• SemiLEDs Corp (company) — Filer of the 10-Q report
• November 30, 2023 (date) — Period of report for the 10-Q filing
• August 31, 2023 (date) — Fiscal year end
• Hsinchu Science Park (location) — Location of the company's business address
• Taiwan (location) — Country of the company's business address

Forward-Looking Statements

• SemiLEDs Corp. will continue to report net losses in the near term. (SemiLEDs Corp.) — high confidence, target: 2024-08-31
• The company's cash and cash equivalents will likely continue to decline if current trends persist. (SemiLEDs Corp.) — medium confidence, target: 2024-05-31

FAQ

Risk Factors

• Customer Concentration Risk [medium — market]: The company's sales revenue is subject to customer concentration risk, as a significant portion of revenue may come from a limited number of customers.

Industry Context

SemiLEDs Corp operates in the semiconductor industry, specifically focusing on light-emitting diode (LED) technology. This sector is characterized by rapid technological advancements and significant global competition.

Regulatory Implications

The filing is a standard 10-Q report required by the U.S. Securities and Exchange Commission (SEC) for publicly traded companies, ensuring transparency in financial reporting.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Analyze the company's customer concentration risk and its potential impact on future revenue.
3. Compare the reported financial data with previous periods to identify trends and performance changes.

Key Dates

• 2023-11-30: Period End Date — Covers the financial data reported in the 10-Q
• 2023-08-31: Fiscal Year End — Indicates the end of the company's fiscal year

Year-Over-Year Comparison

This filing represents the quarterly report for the period ending November 30, 2023. Specific comparative data from the previous filing (e.g., for the period ending August 31, 2023) is not detailed here but would be present in the full document.

Key Financial Figures

• $0.0000056 — ch registered Common Stock, par value $0.0000056 LEDS The Nasdaq Stock Market Indi

Filing Documents

• leds-20231130.htm (10-Q) — 1367KB
• leds-ex31_1.htm (EX-31.1) — 13KB
• leds-ex31_2.htm (EX-31.2) — 13KB
• leds-ex32_1.htm (EX-32.1) — 8KB
• leds-ex32_2.htm (EX-32.2) — 8KB
• 0000950170-24-004103.txt (&nbsp;) — 5961KB
• leds-20231130.xsd (EX-101.SCH) — 863KB
• leds-20231130_htm.xml (XML) — 943KB

Financial Information

Part I. Financial Information Item 1.

Financial Statements

Financial Statements 1 Unaudited Condensed Consolidated Balance Sheets as of November 30, 2023 and August 31, 202 3 1 Unaudited Condensed Consolidated Statements of Operations for the three months ended November 30, 2023 and 20 22 2 Unaudited Condensed Consolidated Statements of Comprehensive Loss for the three months ended November 30, 2023 and 20 22 3 Unaudited Condensed Consolidated Statement of Changes in Equity for the three months ended November 30, 2023 and 20 22 4 Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended November 30, 2023 and 20 22 5 Notes to Unaudited Condensed Consolidated Financial Statements 6 Item 2. Management&#x2019;s Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 27 Item 4.

Controls and Procedures

Controls and Procedures 27

Other Information

Part II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 28 Item 1A.

Risk Factors

Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 3. Defaults Upon Senior Securities 28 Item 4. Mine Safety Disclosures 29 Item 5. Other Information 29 Item 6. Exhibits 29

&#x2014; FINANC IAL INFORMATION

PART I &#x2014; FINANC IAL INFORMATION

Financ ial Statements

Item 1. Financ ial Statements SEMILEDS CORPORATION AND SUBSIDIARIES Unaudited Condensed Consolida ted Balance Sheets (In thousands of U.S. dollars and shares, except par value) November 30, August 31, 2023 2023 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 2,322 $ 2,572 Restricted cash and cash equivalents 80 78 Accounts receivable (including related parties), net of allowance for doubtful accounts of $ 177 and $ 173 as of November 30, 2023 and August 31, 2023, respectively 897 793 Inventories 3,895 4,022 Prepaid expenses and other current assets 145 129 Total current assets 7,339 7,594 Property, plant and equipment, net 3,172 3,233 Operating lease right of use assets 1,362 1,371 Intangible assets, net 100 97 Investments in unconsolidated entities 1,001 974 Other assets 186 186 TOTAL ASSETS $ 13,160 $ 13,455 LIABILITIES AND EQUITY CURRENT LIABILITIES: Current installments of long-term debt $ 5,055 $ 5,042 Accounts payable 409 436 Accrued expenses and other current liabilities 2,895 2,711 Other payable to related partie s 1,452 1,374 Operating lease liabilities, current portion 88 139 Total current liabilities 9,899 9,702 Long-term debt, excluding current installments 1,237 1,327 Operating lease liabilities, less current portion 1,274 1,232 Total liabilities 12,410 12,261 Commitments and contingencies (Note 5) EQUITY: SemiLEDs stockholders&#x2019; equity Common stock, $ 0.0000056 par value&#x2014; 7,500 shares authorized; 4,969 shares and 4,941 shares issued and outstanding as of November 30, 2023 and August 31, 2023, respectively &#x2014; &#x2014; Additional paid-in capital 184,359 184,246 Accumulated other comprehensive income 3,588 3,550 Accumulated deficit ( 187,243 ) ( 186,645 ) Total SemiLEDs stockholders' equity 704 1,151 Noncontrolling interests 46 43

View Full Filing

View this 10-Q filing on SEC EDGAR